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ACR Alpine Capital Research, LLC

190 CARONDELET PLAZA SUITE 1300, ST. LOUIS, MO 63105 • 314-932-1010

Q2 2025 · Filed 2025-08-01
Market Value
$5.3B
+18.9%
Holdings
38
-1
New Purchases
0
Added To
25
Closed
4
Reduced
5
Top 10 Concentration
74.5%
Turnover
10.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ARW 5.18% 0.20% +4.98% $275M
THO 7.14% 5.92% +1.22% $379M
C 9.14% 8.24% +0.90% $485M
MSFT 6.68% 5.89% +0.78% $354M
DG 9.01% 8.27% +0.74% $478M
GBIL 9.43% 9.38% +0.05% $500M
JPM 6.23% 6.18% +0.04% $330M
CORZ 0.07% 0.03% +0.04% $4M
RPV 0.04% 0.01% +0.03% $2M
DELL 0.24% 0.22% +0.02% $13M
APG 0.04% 0.02% +0.02% $2M
JEF 0.05% 0.04% +0.01% $3M
LILAK 0.07% 0.06% +0.01% $4M
SLDP 0.00% 0.00% +0.00% $186K
KW 0.02% 0.02% +0.00% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JNJ 6.42% 8.27% -1.86% $340M
FDX 6.83% 8.66% -1.83% $362M
CVX 6.53% 8.22% -1.69% $346M
GM 7.13% 8.11% -0.97% $378M
LEN 6.16% 6.89% -0.73% $327M
BRK-B 2.07% 2.74% -0.66% $110M
BRK-A 1.17% 1.52% -0.35% $62M
VOD 5.20% 5.40% -0.20% $276M
MGA 4.38% 4.56% -0.18% $232M
SNRE 0.00% 0.11% -0.11% $0
IAC 0.12% 0.17% -0.05% $6M
TLN 0.00% 0.05% -0.05% $0
BCS 0.23% 0.27% -0.04% $12M
ANGIV 0.00% 0.03% -0.03% $0
MRK 0.05% 0.07% -0.02% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 32.0%
Consumer Cyclical 21.1%
Technology 14.5%
Energy 9.0%
Healthcare 8.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $2.0B 38.3%
Large Cap 14 $2.4B 44.6%
Mid Cap 7 $895M 16.9%
Small Cap 7 $15M 0.3%
Micro Cap 2 $80K 0.0%

Portfolio Analytics

Avg Market Cap
$216.0B
Median Market Cap
$17.5B
Avg P/E
21.9
Median P/E
15.3
Avg Dividend Yield
0.02%
Avg Beta
1.15
# Stocks
36
# ETFs / Funds
2

Top Holdings (38 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GBIL 9.43% 4,993,717 $500M $100.15 $82M +815,756 +19.5%
2 C 9.14% 5,695,946 $485M $85.12 $117M +518,494 +10.0%
3 DG 9.01% 4,177,842 $478M $114.38 $109M -19,595 -0.5%
4 THO 7.14% 4,265,031 $379M $88.81 $115M +782,114 +22.5%
5 GM 7.13% 7,690,243 $378M $49.21 $17M -897 -0.0%
6 FDX 6.83% 1,594,721 $362M $227.31 -$24M +9,688 +0.6%
7 MSFT 6.68% 712,318 $354M $497.41 $91M +11,556 +1.6%
8 CVX 6.53% 2,419,150 $346M $143.19 -$21M +225,583 +10.3%
9 JNJ 6.42% 2,228,942 $340M $152.75 -$29M +2,383 +0.1%
10 JPM 6.23% 1,139,366 $330M $289.91 $54M +14,824 +1.3%
11 LEN 6.16% 2,955,813 $327M $110.61 $19M +275,869 +10.3%
12 VOD 5.20% 25,866,761 $276M $10.66 $35M +169,833 +0.7%
13 ARW 5.18% 2,156,373 $275M $127.43 $266M +2,069,832 +2391.7%
14 MGA 4.38% 6,018,606 $232M $38.61 $29M +36,207 +0.6%
15 BRK-B 2.07% 226,321 $110M $485.77 -$12M -2,966 -1.3%
16 BRK-A 1.17% 85 $62M $728,800.00 -$6M
17 DELL 0.24% 104,395 $13M $122.60 $3M -2,247 -2.1%
18 BCS 0.23% 658,122 $12M $18.59 $52K -135,000 -17.0%
19 IAC 0.12% 168,437 $6M $37.34 -$1M +4,710 +2.9%
20 MGM 0.11% 175,194 $6M $34.39 $891K +1,973 +1.1%
21 FPH 0.10% 1,008,398 $6M $5.50 $216K +10,200 +1.0%
22 CORZ 0.07% 233,000 $4M $17.07 $2M +25,000 +12.0%
23 LEN-B 0.07% 35,761 $4M $105.25 $127K +2,414 +7.2%
24 LILAK 0.07% 588,958 $4M $6.22 $1M +162,453 +38.1%
25 JEF 0.05% 53,280 $3M $54.69 $977K +17,125 +47.4%
26 MRK 0.05% 33,822 $3M $79.16 -$296K +696 +2.1%
27 SMBC 0.05% 48,565 $3M $54.78 $135K +22 +0.1%
28 HES 0.04% 16,367 $2M $138.54 -$314K +206 +1.3%
29 APG 0.04% 39,472 $2M $51.05 $1M +12,982 +49.0%
30 RPV 0.04% 21,062 $2M $93.76 $2M +16,971 +414.8%
31 KW 0.02% 181,868 $1M $6.80 $252K +68,385 +60.3%
32 SLDP —% 85,000 $186K $2.19 $97K
33 EARN —% 11,978 $69K $5.75 $4K
34 NINEQ —% 15,000 $12K $0.77 -$5K
35 ANGIV —% -$1M -85,906 -100.0% SOLD
36 CRK —% -$666K -32,738 -100.0% SOLD
37 TLN —% -$2M -11,076 -100.0% SOLD
38 SNRE —% -$5M -104,817 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
CRK —%
TLN —%
ANGIV —%
SNRE —%
View SEC EDGAR Filings for ACR Alpine Capital Research, LLC →

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