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ALPINE ASSOCIATES MANAGEMENT INC.

249 ROYAL PALM WAY SUITE 400, PALM BEACH, FL 33480 • 5618346550

Q3 2025 · Filed 2025-11-06
Market Value
$1.6B
-13.5%
Holdings
89
+26
New Purchases
43
Added To
11
Closed
28
Reduced
6
Top 10 Concentration
61.6%
Turnover
79.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NSC 9.49% 0.00% +9.49% $151M
VRNA 7.76% 0.00% +7.76% $123M
CYBR 6.20% 0.00% +6.20% $99M
GTLS 6.40% 0.66% +5.74% $102M
MRUS 4.94% 0.00% +4.94% $79M
SAND 2.96% 0.00% +2.96% $47M
COOP 5.44% 2.82% +2.62% $87M
LBRDK 2.03% 0.00% +2.03% $32M
STAA 1.54% 0.00% +1.54% $25M
EA 1.34% 0.00% +1.34% $21M
FYBR 4.84% 3.69% +1.15% $77M
TGNA 0.98% 0.00% +0.98% $16M
AMWD 0.88% 0.00% +0.88% $14M
INFA 2.63% 1.84% +0.78% $42M
SCS 0.78% 0.00% +0.78% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 11.53% -11.53% $0
ANSS 0.00% 8.55% -8.55% $0
BPMC 0.00% 7.39% -7.39% $0
AMED 0.00% 5.87% -5.87% $0
SWTX 0.00% 2.93% -2.93% $0
MAG 0.00% 2.92% -2.92% $0
AZEK 0.00% 2.51% -2.51% $0
SCHN 0.00% 2.41% -2.41% $0
JNPR 0.00% 2.30% -2.30% $0
CHX 0.00% 2.23% -2.23% $0
VERV 0.00% 1.67% -1.67% $0
NVEE 0.00% 1.66% -1.66% $0
ESGR 0.00% 1.61% -1.61% $0
EVRI 0.00% 1.60% -1.60% $0
FARO 0.00% 1.44% -1.44% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Industrials 26.9%
Technology 19.2%
Healthcare 18.5%
Communication Services 9.3%
Financial Services 7.4%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 12 $604M 37.9%
Mid Cap 35 $703M 44.2%
Small Cap 41 $285M 17.9%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$7.0B
Median Market Cap
$2.2B
Avg P/E
54.7
Median P/E
27.0
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
89
# ETFs / Funds
0

Top Holdings (89 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NSC 9.49% 502,610 $151M $300.41 +502,610 NEW
2 VRNA 7.76% 1,157,050 $123M $106.71 +1,157,050 NEW
3 K 6.76% 1,312,677 $108M $82.02 -$6M -116,698 -8.2%
4 GTLS 6.40% 509,110 $102M $200.15 $90M +435,359 +590.3%
5 SPR 6.39% 2,634,904 $102M $38.60 -$7M -205,300 -7.2%
6 CYBR 6.20% 204,150 $99M $483.15 +204,150 NEW
7 COOP 5.44% 406,140 $87M $213.18 $35M +58,800 +16.9%
8 MRUS 4.94% 835,600 $79M $94.15 +835,600 NEW
9 FYBR 4.84% 2,063,147 $77M $37.35 $9M +199,917 +10.7%
10 IPG 3.35% 1,913,244 $53M $27.91 $4M -105,700 -5.2%
11 SAND 2.96% 3,767,815 $47M $12.52 +3,767,815 NEW
12 INFA 2.63% 1,683,653 $42M $24.84 $8M +290,203 +20.8%
13 ALE 2.17% 520,018 $35M $66.40 $6M +76,971 +17.4%
14 LBRDK 2.03% 508,700 $32M $63.54 +508,700 NEW
15 STAA 1.54% 913,087 $25M $26.87 +913,087 NEW
16 SIMO 1.47% 247,450 $23M $94.81 -$1M -84,555 -25.5%
17 PRA 1.44% 952,547 $23M $23.99 $10M +403,807 +73.6%
18 AVDX 1.41% 2,255,100 $22M $9.95 $361K
19 EA 1.34% 106,000 $21M $201.70 +106,000 NEW
20 TXNM 1.29% 363,508 $21M $56.55 $10M +168,708 +86.6%
21 CTLP 1.28% 1,934,206 $20M $10.57 $8M +837,506 +76.4%
22 SSTK 1.18% 902,461 $19M $20.85 $5M +171,375 +23.4%
23 TGNA 0.98% 768,370 $16M $20.33 +768,370 NEW
24 AMWD 0.88% 209,424 $14M $66.76 +209,424 NEW
25 CVAC 0.78% 2,295,422 $12M $5.39 $2M +324,247 +16.4%
26 SCS 0.78% 719,300 $12M $17.20 +719,300 NEW
27 TIXT 0.70% 2,500,000 $11M $4.48 +2,500,000 NEW
28 CCRN 0.69% 770,029 $11M $14.20 -$2M -215,654 -21.9%
29 DAY 0.67% 153,962 $11M $68.89 +153,962 NEW
30 MTSR 0.64% 195,200 $10M $52.33 +195,200 NEW
31 SNV 0.63% 204,100 $10M $49.08 +204,100 NEW
32 CORZ 0.62% 547,600 $10M $17.94 +547,600 NEW
33 SHCO 0.61% 1,096,199 $10M $8.85 +1,096,199 NEW
34 TRML 0.59% 196,177 $9M $47.83 +196,177 NEW
35 VRNT 0.58% 455,100 $9M $20.25 +455,100 NEW
36 PBPB 0.56% 524,296 $9M $17.04 +524,296 NEW
37 PRO 0.53% 371,408 $9M $22.91 +371,408 NEW
38 ZIMV 0.50% 423,000 $8M $18.94 +423,000 NEW
39 ETNB 0.49% 529,800 $8M $14.70 +529,800 NEW
40 PHLT 0.47% 969,869 $7M $7.73 +969,869 NEW
41 MRC 0.46% 509,400 $7M $14.42 $5M +345,100 +210.0%
42 VMEO 0.45% 921,885 $7M $7.75 +921,885 NEW
43 HOUS 0.44% 667,320 $7M $10.59 +667,320 NEW
44 VTLE 0.42% 392,555 $7M $16.89 +392,555 NEW
45 IAS 0.41% 641,140 $7M $10.17 +641,140 NEW
46 IMXI 0.37% 418,592 $6M $13.97 +418,592 NEW
47 GES 0.36% 345,397 $6M $16.71 +345,397 NEW
48 SCPH 0.34% 961,065 $5M $5.67 +961,065 NEW
49 WOW 0.33% 1,025,400 $5M $5.16 +1,025,400 NEW
50 SPNS 0.33% 121,339 $5M $43.00 +121,339 NEW
51 PAAS 0.29% 120,616 $5M $38.73 +120,616 NEW
52 PLYM 0.27% 194,699 $4M $22.33 +194,699 NEW
53 TASK 0.27% 242,222 $4M $17.85 -$47K -18,535 -7.1%
54 PINC 0.22% 124,357 $3M $27.80 +124,357 NEW
55 VBTX 0.22% 102,600 $3M $33.53 +102,600 NEW
56 AL 0.19% 47,803 $3M $63.65 +47,803 NEW
57 SMLR 0.18% 95,600 $3M $30.00 +95,600 NEW
58 HBI 0.17% 408,340 $3M $6.59 +408,340 NEW
59 PGRE 0.13% 307,363 $2M $6.54 +307,363 NEW
60 HNI 0.12% 39,100 $2M $46.85 +39,100 NEW
61 SUN 0.01% 4,457 $223K $50.01 +4,457 NEW
62 AZEK —% -$46M -849,220 -100.0% SOLD
63 BHF —% -$5M -97,175 -100.0% SOLD
64 SWTX —% -$54M -1,149,000 -100.0% SOLD
65 DNB —% -$23M -2,568,947 -100.0% SOLD
66 VIGL —% -$9M -1,094,900 -100.0% SOLD
67 ANSS —% -$157M -447,883 -100.0% SOLD
68 SKX —% -$23M -358,900 -100.0% SOLD
69 EVRI —% -$29M -2,067,362 -100.0% SOLD
70 ESGR —% -$30M -88,132 -100.0% SOLD
71 TGI —% -$18M -680,271 -100.0% SOLD
72 NVEE —% -$31M -1,322,232 -100.0% SOLD
73 HES —% -$212M -1,531,496 -100.0% SOLD
74 JNPR —% -$42M -1,059,464 -100.0% SOLD
75 ETWO —% -$14M -4,374,650 -100.0% SOLD
76 FARO —% -$26M -602,000 -100.0% SOLD
77 SAGE —% -$12M -1,273,348 -100.0% SOLD
78 SGRY —% -$12M -540,025 -100.0% SOLD
79 INZY —% -$9M -2,188,100 -100.0% SOLD
80 FL —% -$19M -755,450 -100.0% SOLD
81 GMS —% -$24M -220,000 -100.0% SOLD
82 WBA —% -$20M -1,740,581 -100.0% SOLD
83 AMED —% -$108M -1,096,920 -100.0% SOLD
84 AGS —% -$19M -1,544,344 -100.0% SOLD
85 BPMC —% -$136M -1,060,307 -100.0% SOLD
86 SCHN —% -$44M -1,496,319 -100.0% SOLD
87 VERV —% -$31M -2,738,212 -100.0% SOLD
88 CHX —% -$41M -1,652,114 -100.0% SOLD
89 MAG —% -$54M -2,545,149 -100.0% SOLD

New Positions

SymbolValue% Port
NSC $151M 9.49%
VRNA $123M 7.76%
CYBR $99M 6.20%
MRUS $79M 4.94%
SAND $47M 2.96%
LBRDK $32M 2.03%
STAA $25M 1.54%
EA $21M 1.34%
TGNA $16M 0.98%
AMWD $14M 0.88%
SCS $12M 0.78%
TIXT $11M 0.70%
DAY $11M 0.67%
MTSR $10M 0.64%
SNV $10M 0.63%

Sold Out Positions

SymbolValue% Port
BHF —%
SGRY —%
ETWO —%
HES —%
JNPR —%
NVEE —%
FARO —%
EVRI —%
SAGE —%
ESGR —%
AMED —%
AZEK —%
AGS —%
FL —%
CHX —%
View SEC EDGAR Filings for ALPINE ASSOCIATES MANAGEMENT INC. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms