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AACR

ACR Alpine Capital Research Portfolio holdings

AUM $6.7B
1-Year Est. Return 33.44%
This Fund
S&P 500
This Quarter Est. Return
+3.4%
1 Year Est. Return
+33.44%
3 Year Est. Return
+61.38%
5 Year Est. Return
+53.14%
10 Year Est. Return
+201.58%
AUM
$430M
AUM Growth
-$10.1M
Cap. Flow
-$24.4M
Cap. Flow %
-5.68%
Top 10 Hldgs %
85.7%
Holding
22
New
–
Increased
9
Reduced
7
Closed
2

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$8.84M
2
INTC icon
Intel
INTC
+$7.21M
3
JPM icon
JPMorgan Chase
JPM
+$6.34M
4
DELL
DELL INC
DELL
+$6.32M
5
MRK icon
Merck
MRK
+$6.17M

Top Sells

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$20.9M
2
STRA icon
Strategic Education
STRA
+$20M
3
PPH icon
VanEck Pharmaceutical ETF
PPH
+$12.6M
4
VOD icon
Vodafone
VOD
+$6.66M
5
CLMS
Calamos Asset Management, Inc.
CLMS
+$6.27M

Sector Composition

Rank Sector Weight
1 Healthcare 28.41%
2 Technology 19.08%
3 Financials 17.23%
4 Industrials 9.23%
5 Consumer Staples 8.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
1
JPMorgan Chase
JPM
$939B
$42.8M 9.96%
828,167
+118,155
+17% +$6.34M
MSFT icon
2
Microsoft
MSFT
$2.84T
$42.5M 9.89%
1,277,714
+268,681
+27% +$8.84M
HUM icon
3
Humana
HUM
$46.7B
$41.4M 9.64%
443,781
+44,676
+11% +$4.1M
MRK icon
4
Merck
MRK
$324B
$40.8M 9.49%
897,325
+135,045
+18% +$6.17M
JNJ icon
5
Johnson & Johnson
JNJ
$634B
$39.9M 9.29%
460,372
+38,610
+9% +$3.46M
INTC icon
6
Intel
INTC
$464B
$39.5M 9.19%
1,722,720
+313,095
+22% +$7.21M
DELL
7
DELISTED
DELL INC
DELL
$38.6M 8.99%
2,808,212
+466,459
+20% +$6.32M
VOD icon
8
Vodafone
VOD
$34.9B
$34.7M 8.07%
967,314
-210,795
-18% -$6.66M
BRK.B icon
9
Berkshire Hathaway Class B
BRK.B
$1.07T
$26.6M 6.2%
234,689
-2,145
-0.9% -$247K
LMT icon
10
Lockheed Martin
LMT
$134B
$21.4M 4.99%
168,170
-172,337
-51% -$20.9M
SYY icon
11
Sysco
SYY
$39.7B
$20.2M 4.7%
634,274
+1,079
+0.2% +$36.2K
ITW icon
12
Illinois Tool Works
ITW
$81.4B
$18.2M 4.24%
238,879
-1,777
-0.7% -$130K
WMT icon
13
Walmart Inc
WMT
$871B
$15.5M 3.61%
629,472
-1,311
-0.2% -$33K
CLMS
14
DELISTED
Calamos Asset Management, Inc.
CLMS
$4.61M 1.07%
461,646
-600,262
-57% -$6.27M
VTI icon
15
Vanguard Total Stock Market ETF
VTI
$654B
$913K 0.21%
10,413
-620
-6% -$53.9K
JPM.WS
16
DELISTED
JPMorgan Chase
JPM.WS
$704K 0.16%
42,000
– –
BSV icon
17
Vanguard Short-Term Bond ETF
BSV
$44.6B
$527K 0.12%
6,563
+324
+5% +$26K
PG icon
18
Procter & Gamble
PG
$343B
$241K 0.06%
3,183
– –
RFP
19
DELISTED
Resolute Forest Products Inc.
RFP
$185K 0.04%
14,000
– –
PPH icon
20
VanEck Pharmaceutical ETF
PPH
$945M
– –
-277,421
Closed -$12.6M
STRA icon
21
Strategic Education
STRA
$1.71B
– –
-409,049
Closed -$20M

Similar funds

MSE
MUFG Securities EMEA London, United Kingdom $6.7B AUM 32.3% 1-Year Est. Return
MIP
Mondrian Investment Partners London, United Kingdom $6.69B AUM
FLPIM
F.L. Putnam Investment Management Lynnfield, Massachusetts $6.71B AUM 23.99% 1-Year Est. Return
BHM
Briar Hall Management Nashville, Tennessee $6.72B AUM 4.95% 1-Year Est. Return
SPS
Susquehanna Portfolio Strategies Bala Cynwyd, Pennsylvania $6.73B AUM 45.57% 1-Year Est. Return
SPC
Slate Path Capital New York $6.73B AUM 95.97% 1-Year Est. Return
TAM
Tocqueville Asset Management New York $6.74B AUM 32.29% 1-Year Est. Return
TB
Thoma Bravo Chicago, Illinois $6.65B AUM 29.42% 1-Year Est. Return

ACR Alpine Capital Research's Q3 2013 Portfolio in Review

As of Q3 2013, ACR Alpine Capital Research held 22 positions worth $430M, down 2.3% from $440M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

ACR Alpine Capital Research withdrew a net $24.4M in Q3 2013, closing 2 positions and reducing 7 holdings. Its most notable exit was Strategic Education, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 24% a quarter earlier, followed by Technology and Financials.

Against the trend, ACR Alpine Capital Research added an estimated $8.84M to Microsoft.

  • ACR Alpine Capital Research added most to Microsoft in Q3 2013, an estimated $8.84M increase.
  • ACR Alpine Capital Research's biggest Q3 2013 reduction was Lockheed Martin, cutting an estimated $20.9M.
  • ACR Alpine Capital Research fully exited Strategic Education in Q3 2013, selling an estimated $20M.
  • ACR Alpine Capital Research's ten largest holdings make up 86% of its $430M portfolio in Q3 2013.
  • ACR Alpine Capital Research opened 0 new positions and closed 2 in Q3 2013.
  • ACR Alpine Capital Research's portfolio value fell 2.3% quarter-over-quarter to $430M.

Based on ACR Alpine Capital Research's 13F filing for Q3 2013, filed 12 Nov 2013.