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AAM
Alpine Associates Management Portfolio holdings
AUM
$1.7B
1-Year Est. Return
97.55%
This Fund
S&P 500
This Quarter
Est. Return
+18.58%
1 Year Est. Return
+97.55%
3 Year Est. Return
+368.61%
5 Year Est. Return
+1,313.28%
10 Year Est. Return
+23,749.22%
AUM
$2.78B
AUM Growth
-$481M
(-15%)
Cap. Flow
-$705M
Cap. Flow
% of AUM
-25.32%
Top 10 Holdings %
Top 10 Hldgs %
49.06%
Holding
137
New
32
Increased
17
Reduced
7
Closed
72
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HSP
HOSPIRA INC
HSP
|
+$145M |
| 2 |
CYN
CITY NATIONAL CORPORATION
CYN
|
+$88.4M |
| 3 |
XLS
EXELIS INC COM STK
XLS
|
+$85.6M |
| 4 |
PCYC
PHARMACYCLICS INC
PCYC
|
+$81.7M |
| 5 |
LO
LORILLARD INC COM STK
LO
|
+$73.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CFN
CAREFUSION CORPORATION
CFN
|
+$226M |
| 2 |
CVD
COVANCE INC.
CVD
|
+$151M |
| 3 |
AGN
Allergan Inc
AGN
|
+$138M |
| 4 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$138M |
| 5 |
ROC
ROCKWOOD HLDGS INC
ROC
|
+$134M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 16.28% |
| 2 | Technology | 14.11% |
| 3 | Consumer Staples | 8.61% |
| 4 | Healthcare | 7.91% |
| 5 | Financials | 3.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
AT&T
T
$159B
| $36.8M | 1.32% |
1,492,280
| – | – |
|
|
ADVS
27
DELISTED
Advent Software Inc
ADVS
| $27.8M | 1% |
+629,851
| New | +$25.9M |
|
|
POM
28
DELISTED
PEPCO HOLDINGS, INC.
POM
| $27.6M | 0.99% |
1,028,579
-113,621
| -10% | -$3.08M |
|
|
PCYC
29
PUT
DELISTED
PHARMACYCLICS INC
PCYC
| $27.1M | 0.97% |
+105,800
| New | +$20.4M |
|
|
FSL
30
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $23.7M | 0.85% |
+581,900
| New | +$20M |
|
|
MWV
31
DELISTED
MEADWESTVACO CORP
MWV
| $23.1M | 0.83% |
+463,500
| New | +$23.1M |
|
|
AGN
32
DELISTED
Allergan plc
AGN
| $22.7M | 0.82% |
+76,254
| New | +$21.7M |
|
|
ELX
33
DELISTED
EMULEX CORP
ELX
| $21.1M | 0.76% |
+2,645,000
| New | +$18.5M |
|
34
CALL
Applied Materials
AMAT
$403B
| $20M | 0.72% |
887,500
+192,500
| +28% | +$4.61M |
|
|
MIG
35
DELISTED
MEADOWBROOK INSURANCE GRP INC
MIG
| $19.8M | 0.71% |
+2,332,609
| New | +$19.6M |
|
36
Liberty Global Class C
LBTYK
$3.53B
| $19.3M | 0.69% |
479,144
-459,384
| -49% | -$18.2M |
|
|
TEG
37
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $18.6M | 0.67% |
258,900
| – | – |
|
|
MVNR
38
DELISTED
MAVENIR SYS INC COM STK (DE)
MVNR
| $18.5M | 0.66% |
+1,040,880
| New | +$15.6M |
|
39
Becton Dickinson
BDX
$45.6B
| $17.8M | 0.64% |
+126,825
| New | +$17.8M |
|
40
Medtronic
MDT
$109B
| $17.7M | 0.64% |
227,341
+223,541
| +5,883% | +$16.9M |
|
41
Navigator Holdings
NVGS
$1.38B
| $17.2M | 0.62% |
901,066
+11,793
| +1% | +$213K |
|
|
CTRX
42
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $15.8M | 0.57% |
+264,500
| New | +$13.5M |
|
|
HPTX
43
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $14.6M | 0.52% |
+317,400
| New | +$9.5M |
|
|
YHOO
44
CALL
DELISTED
Yahoo Inc
YHOO
| $14.4M | 0.52% |
+324,000
| New | +$14.7M |
|
|
TRNX
45
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $14.3M | 0.51% |
544,864
-292,630
| -35% | -$7.41M |
|
46
United Airlines
UAL
$39.4B
| $12.4M | 0.45% |
184,256
-42,900
| -19% | -$2.91M |
|
47
American Airlines Group
AAL
$10.1B
| $9.67M | 0.35% |
183,200
+90,100
| +97% | +$4.57M |
|
|
SQBK
48
DELISTED
SQUARE 1 FINANCIAL INC COM
SQBK
| $9.27M | 0.33% |
+346,290
| New | +$8.68M |
|
|
DTV
49
PUT
DELISTED
DIRECTV COM STK (DE)
DTV
| $8.51M | 0.31% |
+100,000
| New | +$8.64M |
|
50
Delta Air Lines
DAL
$57.5B
| $8.28M | 0.3% |
184,200
-2,200
| -1% | -$102K |
|
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Alpine Associates Management's Q1 2015 Portfolio in Review
As of Q1 2015, Alpine Associates Management held 137 positions worth $2.78B, down 15% from $3.27B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Alpine Associates Management withdrew a net $705M in Q1 2015, closing 72 positions and reducing 7 holdings. Its most notable exit was CAREFUSION CORPORATION, an estimated $226M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, up from 7.4% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Alpine Associates Management opened a new position in HOSPIRA INC worth $162M.
- Alpine Associates Management's largest Q1 2015 buy was HOSPIRA INC: 1,844,700 shares worth $162M.
- Alpine Associates Management added most to LORILLARD INC COM STK in Q1 2015, an estimated $73.9M increase.
- Alpine Associates Management's biggest Q1 2015 reduction was Liberty Global Class C, cutting an estimated $18.2M.
- Alpine Associates Management fully exited CAREFUSION CORPORATION in Q1 2015, selling an estimated $226M.
- Alpine Associates Management's ten largest holdings make up 49% of its $2.78B portfolio in Q1 2015.
- Alpine Associates Management opened 32 new positions and closed 72 in Q1 2015.
- Alpine Associates Management's portfolio value fell 15% quarter-over-quarter to $2.78B.
Based on Alpine Associates Management's 13F filing for Q1 2015, filed 13 May 2015.