Alpine Investment Management
HONG KONG, K3files as Alpine Investment Management Ltd
$411m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 54.1% of the portfolio this quarter.
Value
$411m
Stocks
9
Top 10 share
100.0%
Turnover
54.1%
What changed this quarter
New
Bought for the first time this quarter.
- Tencent Music Entmt GroupTME4.9% of the fund
- PDD Holdings4.6% of the fund
- Qfin HoldingsQFIN2.2% of the fund
Added
Bought more of a stock they already held.
- Full Truck AllianceYMM34.0% of the fund+56%
- PDD HoldingsPDD30.8% of the fund+1661%
- Lumentum HoldingsLITE10.2% of the fund+5031%
- NvidiaNVDA5.3% of the fund+435%
- Lufax HoldingLU4.5% of the fund+12%
- Hello GroupMOMO3.5% of the fund+958%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- Alibaba Group HldgBABA-100%
- JoyyJOYY-100%
- Meta PlatformsMETA-100%
- Micron TechnologyMU-100%
Holdings
- Full Truck AllianceYMM
- Share
- 34.0%
- Value
- $140m
- Shares
- 17,210,388
+56%
- PDD HoldingsPDD
- Share
- 30.8%
- Value
- $127m
- Shares
- 1,661,600
+1661%
- Tencent Music Entmt GroupTME
- Share
- 4.9%
- Value
- $20m
- Shares
- 2,418,198
New
- PDD Holdings
- Share
- 4.6%
- Value
- $19m
- Shares
- 2,500
New
- Lufax HoldingLU
- Share
- 4.5%
- Value
- $18m
- Shares
- 13,939,985
+12%
- Hello GroupMOMO
- Share
- 3.5%
- Value
- $14m
- Shares
- 2,466,700
+958%
- Qfin HoldingsQFIN
- Share
- 2.2%
- Value
- $9m
- Shares
- 567,781
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Full Truck AllianceYMM | 34.0% | $140m | 17,210,388 | +56% |
| PDD HoldingsPDD | 30.8% | $127m | 1,661,600 | +1661% |
| Lumentum HoldingsLITE | 10.2% | $42m | 48,745 | +5031% |
| NvidiaNVDA | 5.3% | $22m | 109,600 | +435% |
| Tencent Music Entmt GroupTME | 4.9% | $20m | 2,418,198 | New |
| PDD Holdings | 4.6% | $19m | 2,500 | New |
| Lufax HoldingLU | 4.5% | $18m | 13,939,985 | +12% |
| Hello GroupMOMO | 3.5% | $14m | 2,466,700 | +958% |
| Qfin HoldingsQFIN | 2.2% | $9m | 567,781 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 96.7% since 30 June 2025.
Where the money is
Technology15.5%
Other84.5%
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.