Alpine Investment Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Alpine Investment Management reported a $392M portfolio of 8 positions to the SEC as of the end of Q2 2026. Its largest positions are YMM, PDD, LITE. During the quarter it opened Tencent Music Entertainment Group and Qfin Holdings and exited Alibaba Group Holding and Joyy.
Sections with a free account
What changed this quarter
12 positions with a change (2 new, 6 added to, 4 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- PDD Holdings+1,661%more sharesIncreased4.7% → 32.3%
- Alibaba Group Holding−16.7 ppof portfolioSold out31.9% → —
- Full Truck Alliance+56%more sharesIncreased44.5% → 35.6%
- Lumentum Holdings+5,031%more sharesIncreased0.3% → 10.7%
- Tencent Music Entertainment Group+5.1 ppof portfolioNew— → 5.1%
- NVIDIA+435%more sharesIncreased1.7% → 5.6%
- Hello Group+958%more sharesIncreased0.7% → 3.6%
- Qfin Holdings+2.3 ppof portfolioNew— → 2.3%
- Joyy−1.0 ppof portfolioSold out1.9% → —
- Meta Platforms−0.9 ppof portfolioSold out1.8% → —
- Micron Technology−0.7 ppof portfolioSold out1.3% → —
- Lufax Holding+12%more sharesIncreased11.3% → 4.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Full Truck AllianceYMM35.6%
- PDD HoldingsPDD32.3%
- Lumentum HoldingsLITE10.7%
- NVIDIANVDA5.6%
- Tencent Music Entertainment GroupTME5.1%
- Lufax HoldingLU4.7%
- Hello GroupMOMO3.6%
- Qfin HoldingsQFIN2.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 56%
- ● Consumer Discretionary 32%
- ● Financials 7%
- ● Communication Services 5%
How its portfolio changed (8 quarters)
Q2 2026: 8
Q2 2026: 100%
Q2 2026: 44.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (1)
Besides stocks, Alpine Investment Management declared 1 call (they gain if it rises) with a notional of $19.1M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLPDD HoldingsPDD$19.1M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 26, 2026 (medium confidence).
The data, as reported: ALPINE INVESTMENT MANAGEMENT LIMITED (CRD 323490): Exempt reporting adviser to private funds, based in Hong Kong; 7.B private funds: 1 hedge (gross assets $733M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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