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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
+27.08%
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
$1.95B
AUM Growth
+$40.9M
Cap. Flow
-$124M
Cap. Flow %
-6.37%
Top 10 Hldgs %
63.49%
Holding
59
New
24
Increased
10
Reduced
2
Closed
22

Top Buys

Rank Stock Value
1
HES
Hess
HES
+$241M
2
SPLK
Splunk Inc
SPLK
+$176M
3
MRTX
Mirati Therapeutics, Inc. Common Stock
MRTX
+$106M
4
PXD
Pioneer Natural Resource Co.
PXD
+$100M
5
SP
SP Plus Corporation
SP
+$50.1M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$246M
2
DEN
Denbury Inc.
DEN
+$185M
3
SGEN
Seagen Inc. Common Stock
SGEN
+$147M
4
VMW
VMware, Inc
VMW
+$136M
5
NATI
National Instruments Corp
NATI
+$126M

Sector Composition

Rank Sector Weight
1 Healthcare 28.43%
2 Energy 19.19%
3 Technology 14.22%
4 Consumer Staples 9.7%
5 Consumer Discretionary 7.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWNK
51
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-1,342,600
Closed -$44.7M
DEN
52
DELISTED
Denbury Inc.
DEN
– –
-1,890,151
Closed -$185M
CIR
53
DELISTED
CIRCOR International, Inc
CIR
– –
-270,713
Closed -$15.1M
HCCI
54
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
– –
-42,100
Closed -$1.91M
THRN
55
DELISTED
Thorne Healthtech, Inc. Common Stock
THRN
– –
-611,300
Closed -$6.23M
NATI
56
DELISTED
National Instruments Corp
NATI
– –
-2,109,200
Closed -$126M
HZNP
57
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-1,011,600
Closed -$117M
ESTE
58
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
– –
-867,400
Closed -$17.6M
ATVI
59
DELISTED
Activision Blizzard
ATVI
– –
-2,622,461
Closed -$246M
1 2
3

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Alpine Associates Management's Q4 2023 Portfolio in Review

As of Q4 2023, Alpine Associates Management held 59 positions worth $1.95B, up 2.1% from $1.91B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Alpine Associates Management withdrew a net $124M in Q4 2023, closing 22 positions and reducing 2 holdings. Its most notable exit was Activision Blizzard, an estimated $246M 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 Energy and Technology.

Against the trend, Alpine Associates Management opened a new position in Hess worth $237M.

  • Alpine Associates Management's largest Q4 2023 buy was Hess: 1,644,700 shares worth $237M.
  • Alpine Associates Management added most to Splunk Inc in Q4 2023, an estimated $176M increase.
  • Alpine Associates Management's biggest Q4 2023 reduction was Spirit Airlines, Inc., cutting an estimated $18.2M.
  • Alpine Associates Management fully exited Activision Blizzard in Q4 2023, selling an estimated $246M.
  • Alpine Associates Management's ten largest holdings make up 63% of its $1.95B portfolio in Q4 2023.
  • Alpine Associates Management opened 24 new positions and closed 22 in Q4 2023.
  • Alpine Associates Management's portfolio value rose 2.1% quarter-over-quarter to $1.95B.

Based on Alpine Associates Management's 13F filing for Q4 2023, filed 7 Feb 2024.