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AAM
Alpine Associates Management Portfolio holdings
AUM
$1.6B
1-Year Est. Return
93.19%
This Fund
S&P 500
This Quarter
Est. Return
+21.54%
1 Year Est. Return
+93.19%
3 Year Est. Return
+366.27%
5 Year Est. Return
+1,301.74%
10 Year Est. Return
+22,525.34%
AUM
$1.66B
AUM Growth
-$218M
(-12%)
Cap. Flow
-$372M
Cap. Flow
% of AUM
-22.46%
Top 10 Holdings %
Top 10 Hldgs %
59.15%
Holding
98
New
48
Increased
11
Reduced
6
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$140M |
| 2 |
VRNA
Verona Pharma
VRNA
|
+$121M |
| 3 |
CYBR
CyberArk
CYBR
|
+$87.6M |
| 4 |
GTLS
Chart Industries
GTLS
|
+$82.7M |
| 5 |
MRUS
Merus
MRUS
|
+$54.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$212M |
| 2 |
ANSS
Ansys
ANSS
|
+$157M |
| 3 |
BPMC
Blueprint Medicines
BPMC
|
+$136M |
| 4 |
AMED
Amedisys
AMED
|
+$108M |
| 5 |
SWTX
SpringWorks Therapeutics
SWTX
|
+$54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.58% |
| 2 | Technology | 18.47% |
| 3 | Healthcare | 18.39% |
| 4 | Communication Services | 13.91% |
| 5 | Financials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AMWD
26
DELISTED
American Woodmark
AMWD
| $14M | 0.84% |
+209,424
| New | +$12.9M |
|
|
CVAC
27
DELISTED
CureVac
CVAC
| $12.4M | 0.75% |
2,295,422
+324,247
| +16% | +$1.75M |
|
|
SCS
28
DELISTED
Steelcase
SCS
| $12.4M | 0.75% |
+719,300
| New | +$10.4M |
|
|
ARIS
29
DELISTED
Aris Water Solutions
ARIS
| $11.7M | 0.71% |
+474,609
| New | +$11M |
|
|
TIXT
30
DELISTED
TELUS International
TIXT
| $11.2M | 0.68% |
+2,500,000
| New | +$10.1M |
|
|
CCRN
31
DELISTED
Cross Country Healthcare
CCRN
| $10.9M | 0.66% |
770,029
-215,654
| -22% | -$2.85M |
|
|
DAY
32
DELISTED
Dayforce
DAY
| $10.6M | 0.64% |
+153,962
| New | +$9.58M |
|
|
MTSR
33
DELISTED
Metsera Inc
MTSR
| $10.2M | 0.62% |
+195,200
| New | +$7.2M |
|
|
SNV
34
DELISTED
Synovus
SNV
| $10M | 0.6% |
+204,100
| New | +$10.5M |
|
35
Core Scientific
CORZ
$6.74B
| $9.82M | 0.59% |
+547,600
| New | +$8.03M |
|
|
SHCO
36
DELISTED
Soho House & Co
SHCO
| $9.7M | 0.59% |
+1,096,199
| New | +$8.64M |
|
|
TRML
37
DELISTED
Tourmaline Bio
TRML
| $9.38M | 0.57% |
+196,177
| New | +$5.44M |
|
|
VRNT
38
DELISTED
Verint Systems
VRNT
| $9.22M | 0.56% |
+455,100
| New | +$9.37M |
|
|
PBPB
39
DELISTED
Potbelly
PBPB
| $8.93M | 0.54% |
+524,296
| New | +$7.11M |
|
|
PRO
40
DELISTED
PROS Holdings
PRO
| $8.51M | 0.51% |
+371,408
| New | +$6.04M |
|
|
ZIMV
41
DELISTED
ZimVie
ZIMV
| $8.01M | 0.48% |
+423,000
| New | +$7.16M |
|
|
AHL
42
DELISTED
Aspen Insurance
AHL
| $7.94M | 0.48% |
+216,401
| New | +$7.11M |
|
|
ETNB
43
DELISTED
89bio
ETNB
| $7.79M | 0.47% |
+529,800
| New | +$5.4M |
|
|
PHLT
44
DELISTED
Performant Healthcare Inc
PHLT
| $7.5M | 0.45% |
+969,869
| New | +$6.17M |
|
|
MRC
45
DELISTED
MRC Global
MRC
| $7.35M | 0.44% |
509,400
+345,100
| +210% | +$4.91M |
|
|
VMEO
46
DELISTED
Vimeo
VMEO
| $7.14M | 0.43% |
+921,885
| New | +$4.54M |
|
|
HOUS
47
DELISTED
Anywhere Real Estate
HOUS
| $7.07M | 0.43% |
+667,320
| New | +$3.92M |
|
|
VTLE
48
DELISTED
Vital Energy
VTLE
| $6.63M | 0.4% |
+392,555
| New | +$6.63M |
|
|
IAS
49
DELISTED
Integral Ad Science
IAS
| $6.52M | 0.39% |
+641,140
| New | +$5.55M |
|
50
International Money Express
IMXI
$367M
| $5.85M | 0.35% |
+418,592
| New | +$5.19M |
|
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Alpine Associates Management's Q3 2025 Portfolio in Review
As of Q3 2025, Alpine Associates Management held 98 positions worth $1.66B, down 12% from $1.87B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Alpine Associates Management withdrew a net $372M in Q3 2025, closing 31 positions and reducing 6 holdings. Its most notable exit was Hess, an estimated $212M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Alpine Associates Management opened a new position in Norfolk Southern worth $151M.
- Alpine Associates Management's largest Q3 2025 buy was Norfolk Southern: 502,610 shares worth $151M.
- Alpine Associates Management added most to Chart Industries in Q3 2025, an estimated $82.7M increase.
- Alpine Associates Management's biggest Q3 2025 reduction was Kellanova, cutting an estimated $9.28M.
- Alpine Associates Management fully exited Hess in Q3 2025, selling an estimated $212M.
- Alpine Associates Management's ten largest holdings make up 59% of its $1.66B portfolio in Q3 2025.
- Alpine Associates Management opened 48 new positions and closed 31 in Q3 2025.
- Alpine Associates Management's portfolio value fell 12% quarter-over-quarter to $1.66B.
Based on Alpine Associates Management's 13F filing for Q3 2025, filed 6 Nov 2025.