ACR Alpine Capital Research
ST. LOUIS, MOfiles as ACR Alpine Capital Research, LLC
$7.0bn in 38 US stocks at the end of 30 June 2026. The top 10 are 70.4% of the money. It changed about 10.5% of the portfolio this quarter.
Value
$7.0bn
Stocks
38
Top 10 share
70.4%
Turnover
10.5%
What changed this quarter
New
Bought for the first time this quarter.
- Elevance HealthELV4.1% of the fund
- Comstock ResourcesCRK0.1% of the fund
- Talen EnergyTLN<0.1% of the fund
- Invesco Exchange Traded FD TRPV<0.1% of the fund
- FedEx Freight Holding CompanyFDXF<0.1% of the fund
Added
Bought more of a stock they already held.
- Goldman Sachs ETF TRGBIL19.2% of the fund+21%
- LennarLEN6.1% of the fund+13%
- MicrosoftMSFT6.0% of the fund+16%
- Thor IndustriesTHO5.9% of the fund+13%
- General MotorsGM4.9% of the fund+10%
- Dollar GeneralDG2.8% of the fund+54%
- Berkshire HathawayBRK-B1.7% of the fund+8%
- Liberty GlobalLBTYK1.4% of the fund+28%
- Five Point HoldingsFPH<0.1% of the fund+5%
- EchoStarECHO<0.1% of the fund+428%
- Jefferies Financial GroupJEF<0.1% of the fund+4%
- MerckMRK<0.1% of the fund+4%
- Ziff DavisZD<0.1% of the fund+19%
- MGM Resorts InternationalMGM<0.1% of the fund+3%
- LennarLEN-B<0.1% of the fund+20%
Cut
Sold some of their stake.
- Vodafone GroupVOD4.5% of the fund-11%
- Arrow ElectronicsARW4.4% of the fund-59%
- CitigroupC4.1% of the fund-41%
- Dell TechnologiesDELL0.4% of the fund-50%
- Ishares TRSGOV0.3% of the fund-17%
- People Inc.PPLI0.2% of the fund-35%
- Southern Missouri BancorpSMBC<0.1% of the fund-4%
- Liberty Latin AmericaLILAK<0.1% of the fund-15%
Sold out
Sold their entire stake.
- Diamond Hill Invt Group INC COM New-100%
- Kennedy-Wilson Holdings-100%
- Nine Energy ServiceNINE-100%
Holdings
- Goldman Sachs ETF TRGBIL
- Share
- 19.2%
- Value
- $1.4bn
- Shares
- 13,511,909
+21%
- Vodafone GroupVOD
- Share
- 4.5%
- Value
- $318m
- Shares
- 24,019,101
-11%
- Magna InternationalMGA
- Share
- 4.5%
- Value
- $316m
- Shares
- 4,809,078
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.9%
- Value
- $64m
- Shares
- 85
Held
- Ishares TRSGOV
- Share
- 0.3%
- Value
- $22m
- Shares
- 216,767
-17%
- Invesco Exchange Traded FD TRPV
- Share
- <0.1%
- Value
- $474,971
- Shares
- 4,173
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Goldman Sachs ETF TRGBIL | 19.2% | $1.4bn | 13,511,909 | +21% |
| Johnson & JohnsonJNJ | 7.7% | $545m | 2,146,488 | Held |
| ChevronCVX | 6.5% | $461m | 2,780,991 | Held |
| LennarLEN | 6.1% | $429m | 4,743,250 | +13% |
| MicrosoftMSFT | 6.0% | $424m | 1,136,273 | +16% |
| Thor IndustriesTHO | 5.9% | $415m | 5,527,556 | +13% |
| FedExFDX | 4.9% | $348m | 1,112,339 | Held |
| General MotorsGM | 4.9% | $343m | 4,447,271 | +10% |
| JPMorgan ChaseJPM | 4.5% | $320m | 977,345 | Held |
| Vodafone GroupVOD | 4.5% | $318m | 24,019,101 | -11% |
| Magna InternationalMGA | 4.5% | $316m | 4,809,078 | Held |
| Arrow ElectronicsARW | 4.4% | $311m | 1,457,881 | -59% |
| CitigroupC | 4.1% | $291m | 2,075,702 | -41% |
| Elevance HealthELV | 4.1% | $285m | 737,922 | New |
| Liberty GlobalLBTYA | 3.8% | $268m | 23,595,165 | Held |
| Dollar GeneralDG | 2.8% | $199m | 1,727,299 | +54% |
| Berkshire HathawayBRK-B | 1.7% | $122m | 243,736 | +8% |
| Liberty GlobalLBTYK | 1.4% | $97m | 8,841,834 | +28% |
| Berkshire Hathaway INC DELBRK-A | 0.9% | $64m | 85 | Held |
| Dell TechnologiesDELL | 0.4% | $25m | 58,798 | -50% |
| Ishares TRSGOV | 0.3% | $22m | 216,767 | -17% |
| People Inc.PPLI | 0.2% | $13m | 291,826 | -35% |
| BarclaysBCS | 0.2% | $12m | 454,000 | Held |
| Comstock ResourcesCRK | 0.1% | $8m | 546,413 | New |
| Southern Missouri BancorpSMBC | <0.1% | $7m | 91,020 | -4% |
| Five Point HoldingsFPH | <0.1% | $7m | 1,288,800 | +5% |
| EchoStarECHO | <0.1% | $7m | 66,050 | +428% |
| Jefferies Financial GroupJEF | <0.1% | $6m | 129,527 | +4% |
| MerckMRK | <0.1% | $5m | 41,146 | +4% |
| Ziff DavisZD | <0.1% | $5m | 86,526 | +19% |
| MGM Resorts InternationalMGM | <0.1% | $4m | 92,792 | +3% |
| LennarLEN-B | <0.1% | $4m | 40,626 | +20% |
| APi GroupAPG | <0.1% | $3m | 66,358 | Held |
| Liberty Latin AmericaLILAK | <0.1% | $3m | 354,642 | -15% |
| Talen EnergyTLN | <0.1% | $2m | 6,500 | New |
| Invesco Exchange Traded FD TRPV | <0.1% | $474,971 | 4,173 | New |
| FedEx Freight Holding CompanyFDXF | <0.1% | $231,483 | 1,533 | New |
| New Fortress EnergyNFE | <0.1% | $43,572 | 120,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 26.1% since 30 June 2025.
Where the money is
Retail & consumer21.5%
Health care11.9%
Technology11.0%
Financial services10.8%
Energy6.7%
Media & telecom5.4%
Industrials5.0%
Everyday goods2.8%
Real estate0.1%
Utilities0.0%
Other24.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.