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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
+9.77%
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
$2.79B
AUM Growth
-$170M
Cap. Flow
-$265M
Cap. Flow %
-9.51%
Top 10 Hldgs %
63.11%
Holding
70
New
21
Increased
11
Reduced
12
Closed
19

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$152M
2
BSFT
BroadSoft, Inc.
BSFT
+$67.2M
3
CAVM
Cavium, Inc.
CAVM
+$64.4M
4
BDX icon
Becton Dickinson
BDX
+$55.7M
5
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$51.1M

Top Sells

Rank Stock Value
1
BCR
CR Bard Inc.
BCR
+$296M
2
RICE
Rice Energy Inc.
RICE
+$120M
3
TWX
Time Warner Inc
TWX
+$104M
4
CBF
Capital Bank Financial Corp. Class A Common Stock
CBF
+$102M
5
CPN
Calpine Corporation
CPN
+$99.8M

Sector Composition

Rank Sector Weight
1 Communication Services 21.5%
2 Technology 15.9%
3 Materials 9.48%
4 Healthcare 7.52%
5 Financials 5.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBUX icon
51
CALL
Starbucks
SBUX
$117B
– –
-120,000
Closed -$6.45M
SIG icon
52
CALL
Signet Jewelers
SIG
$3.76B
– –
-125,000
Closed -$8.32M
WBD icon
53
Warner Bros
WBD
$63.9B
– –
-475,100
Closed -$10.1M
OTIC
54
DELISTED
Otonomy, Inc.
OTIC
– –
-245,241
Closed -$797K
AABA
55
DELISTED
Altaba Inc
AABA
– –
-1,189,075
Closed -$78.8M
CPN
56
DELISTED
Calpine Corporation
CPN
– –
-6,768,799
Closed -$99.8M
GLBL
57
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
– –
-4,736,620
Closed -$22.5M
CBF
58
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
– –
-2,496,889
Closed -$102M
BRCD
59
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-5,163,193
Closed -$61.7M
RICE
60
DELISTED
Rice Energy Inc.
RICE
– –
-4,142,397
Closed -$120M
LVLT
61
DELISTED
Level 3 Communications Inc
LVLT
– –
-1,000
Closed -$50K
ATW
62
DELISTED
Atwood Oceanics
ATW
– –
-3,202,260
Closed -$30.1M
KITE
63
DELISTED
Kite Pharma, Inc.
KITE
– –
-397,105
Closed -$71.4M
KITE
64
PUT
DELISTED
Kite Pharma, Inc.
KITE
– –
-252,600
Closed -$45.4M
ALR
65
PUT
DELISTED
Alere Inc
ALR
– –
-303,200
Closed -$15.5M
AF
66
DELISTED
Astoria Financial Corporation
AF
– –
-212,128
Closed -$4.56M
BCR
67
DELISTED
CR Bard Inc.
BCR
– –
-924,263
Closed -$296M
STL
68
DELISTED
Sterling Bancorp
STL
– –
-121,811
Closed -$3M
1 2
3

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Alpine Associates Management's Q4 2017 Portfolio in Review

As of Q4 2017, Alpine Associates Management held 70 positions worth $2.79B, down 5.7% from $2.96B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Alpine Associates Management withdrew a net $265M in Q4 2017, closing 19 positions and reducing 12 holdings. Its most notable exit was CR Bard Inc., an estimated $296M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 21% of assets, down from 22% a quarter earlier, followed by Technology and Materials.

Against the trend, Alpine Associates Management opened a new position in Aetna Inc worth $160M.

  • Alpine Associates Management's largest Q4 2017 buy was Aetna Inc: 886,600 shares worth $160M.
  • Alpine Associates Management added most to Rockwell Collins in Q4 2017, an estimated $30.6M increase.
  • Alpine Associates Management's biggest Q4 2017 reduction was Time Warner Inc, cutting an estimated $104M.
  • Alpine Associates Management fully exited CR Bard Inc. in Q4 2017, selling an estimated $296M.
  • Alpine Associates Management's ten largest holdings make up 63% of its $2.79B portfolio in Q4 2017.
  • Alpine Associates Management opened 21 new positions and closed 19 in Q4 2017.
  • Alpine Associates Management's portfolio value fell 5.7% quarter-over-quarter to $2.79B.

Based on Alpine Associates Management's 13F filing for Q4 2017, filed 8 Feb 2018.