Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NSCNorfolk Southn Corp | $145.2M | 9.1% | |
| Chart Inds IncCUSIP 16115Q308 | $103.2M | 6.5% | +15.2% |
| Qorvo IncCUSIP 74736K101 | $74.4M | 4.7% | |
| SLABSilicon Laboratories Inc | $65.3M | 4.1% | +34.3% |
| UNFUnifirst Corp Mass | $62.2M | 3.9% | +8.4% |
| PENPenumbra Inc | $59.7M | 3.7% | +43.2% |
| KVUEKenvue Inc | $58.3M | 3.7% | +2.8% |
| Webster Finl CorpCUSIP 947890109 | $57.9M | 3.6% | +82.0% |
| Electronic Arts IncCUSIP 285512109 | $53.3M | 3.3% | −19.0% |
| Skywater Technology IncCUSIP 83089J108 | $47.2M | 3.0% | +10.4% |
| Warner Bros Discovery IncCUSIP 934423104 | $45.6M | 2.9% | +9.4% |
| ROKURoku Inc | $45.3M | 2.8% | New |
| Topbuild CorCUSIP 89055F103 | $38.9M | 2.4% | New |
| GSATGlobalstar Inc | $38.0M | 2.4% | New |
| TECHBio-techne Corp | $35.5M | 2.2% | New |
| Valaris LtdCUSIP G9460G101 | $34.1M | 2.1% | |
| BHFBrighthouse Finl Inc | $31.1M | 1.9% | +8.1% |
| Janus Henderson Group PLCCUSIP G4474Y214 | $30.6M | 1.9% | |
| AESAes Corp | $30.3M | 1.9% | +9.4% |
| NATLNcr Atleos Corporation | $28.9M | 1.8% | +40.2% |
| RAMPLiveramp Hldgs Inc | $27.6M | 1.7% | New |
| DDominion Energy Inc | $26.4M | 1.7% | New |
| ACLSAxcelis Technologies Inc | $25.6M | 1.6% | New |
| TXNMTxnm Energy Inc | $24.6M | 1.5% | −15.4% |
| Digitalbridge Group IncCUSIP 25401T603 | $24.3M | 1.5% | +6.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Skywater Technology IncCUSIP 83089J108 | March 31, 2026 | +27.0% | $47.2M |
| Chart Inds IncCUSIP 16115Q308 | June 30, 2025 | +26.9% | $103.2M |
| National Storage AffiliatesCUSIP 637870106 | March 31, 2026 | +17.8% | $21.1M |
| KVUEKenvue Inc | December 31, 2025 | +10.8% | $58.3M |
| Qorvo IncCUSIP 74736K101 | December 31, 2025 | +10.4% | $74.4M |
| Webster Finl CorpCUSIP 947890109 | March 31, 2026 | +10.1% | $57.9M |
| Janus Henderson Group PLCCUSIP G4474Y214 | December 31, 2025 | +9.2% | $30.6M |
| Stellar Bancorp IncCUSIP 858927106 | March 31, 2026 | +7.4% | $11.2M |
| UNFUnifirst Corp Mass | March 31, 2026 | +5.1% | $62.2M |
| SLABSilicon Laboratories Inc | March 31, 2026 | +5.0% | $65.3M |
Sold off last quarter
- Air Lease CorpCUSIP 00912X302 was $89.8M
- Arcellx IncCUSIP 03940C100 was $43.4M
- Apellis Pharmaceuticals IncCUSIP 03753U106 was $34.8M
- Centessa Pharmaceuticals PLCCUSIP 152309100 was $34.4M
- Masimo CorpCUSIP 574795100 was $33.6M
- Hologic IncCUSIP 436440101 was $32.7M
- Csg Sys Intl IncCUSIP 126349109 was $32.2M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $29.9M
- Sealed Air Corp NewCUSIP 81211K100 was $26.3M
- Thermon Group Hldgs IncCUSIP 88362T103 was $24.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.2% | +14.8% |
| December 31, 2025 | +2.4% | +2.4% |
| September 30, 2025 | −0.1% | +7.8% |
| June 30, 2025 | −0.4% | +10.5% |
| March 31, 2025 | +2.0% | −4.6% |
| December 31, 2024 | −0.0% | +2.1% |
| September 30, 2024 | +0.9% | +5.4% |
| June 30, 2024 | −7.9% | +4.0% |
| March 31, 2024 | +0.3% | +10.0% |
| December 31, 2023 | −15.0% | +11.2% |
| June 30, 2023 | −4.9% | +8.3% |
| September 30, 2022 | +3.1% | −5.3% |
| June 30, 2022 | −2.5% | −16.5% |
| March 31, 2022 | −1.8% | −4.9% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Alpine Associates Management Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1396835&type=13F-HR&dateb=&owner=include&count=40CIK 1396835
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1396835/000117266126003115/Filed August 6, 2026 · accession 0001172661-26-003115