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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
+16.87%
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
$1.87B
AUM Growth
-$34.2M
Cap. Flow
-$146M
Cap. Flow %
-7.81%
Top 10 Hldgs %
56.69%
Holding
69
New
24
Increased
15
Reduced
10
Closed
19

Top Buys

Rank Stock Value
1
BPMC
Blueprint Medicines
BPMC
+$110M
2
MAG
MAG Silver
MAG
+$45.2M
3
SWTX
SpringWorks Therapeutics
SWTX
+$42.2M
4
COOP
Mr. Cooper
COOP
+$33M
5
INFA
Informatica
INFA
+$28.7M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$169M
2
ITCI
Intra-Cellular Therapies Inc.
ITCI
+$94.9M
3
VRN
Veren
VRN
+$53.5M
4
PYCR
Paycor HCM, Inc. Common Stock
PYCR
+$49.9M
5
BERY
Berry Global Group, Inc.
BERY
+$49.8M

Sector Composition

Rank Sector Weight
1 Healthcare 22.04%
2 Technology 18.01%
3 Energy 14.94%
4 Industrials 12.73%
5 Communication Services 6.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DESP
51
DELISTED
Despegar.com
DESP
– –
-1,437,667
Closed -$27M
DFS
52
DELISTED
Discover Financial Services
DFS
– –
-987,635
Closed -$169M
EQX icon
53
Equinox Gold
EQX
$8.48B
– –
-1,284,600
Closed -$8.83M
HEES
54
DELISTED
H&E Equipment Services
HEES
– –
-504,603
Closed -$47.8M
HHH icon
55
Howard Hughes
HHH
$4.06B
– –
-111,044
Closed -$8.23M
PLYA
56
DELISTED
Playa Hotels & Resorts
PLYA
– –
-3,069,443
Closed -$40.9M
RDFN
57
DELISTED
Redfin
RDFN
– –
-1,319,215
Closed -$12.1M
X
58
DELISTED
US Steel
X
– –
-863,514
Closed -$36.5M
VRN
59
DELISTED
Veren
VRN
– –
-8,083,800
Closed -$53.5M
BERY
60
DELISTED
Berry Global Group, Inc.
BERY
– –
-713,711
Closed -$49.8M
BECN
61
DELISTED
Beacon Roofing Supply, Inc.
BECN
– –
-223,497
Closed -$27.6M
ENFN
62
DELISTED
Enfusion, Inc.
ENFN
– –
-2,435,720
Closed -$27.2M
CMRX
63
DELISTED
Chimerix, Inc.
CMRX
– –
-2,782,100
Closed -$23.7M
PDCO
64
DELISTED
Patterson Companies, Inc.
PDCO
– –
-835,289
Closed -$26.1M
PYCR
65
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
– –
-2,221,527
Closed -$49.9M
ATSG
66
DELISTED
Air Transport Services Group
ATSG
– –
-1,348,340
Closed -$30.3M
ACCD
67
DELISTED
Accolade Inc
ACCD
– –
-1,746,070
Closed -$12.2M
ITCI
68
DELISTED
Intra-Cellular Therapies Inc.
ITCI
– –
-719,500
Closed -$94.9M
ML
69
DELISTED
MoneyLion Inc.
ML
– –
-356,659
Closed -$30.9M
1 2
3

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Alpine Associates Management's Q2 2025 Portfolio in Review

As of Q2 2025, Alpine Associates Management held 69 positions worth $1.87B, down 1.8% from $1.91B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Alpine Associates Management withdrew a net $146M in Q2 2025, closing 19 positions and reducing 10 holdings. Its most notable exit was Discover Financial Services, an estimated $169M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 15% a quarter earlier, followed by Technology and Energy.

Against the trend, Alpine Associates Management opened a new position in Blueprint Medicines worth $136M.

  • Alpine Associates Management's largest Q2 2025 buy was Blueprint Medicines: 1,060,307 shares worth $136M.
  • Alpine Associates Management added most to SpringWorks Therapeutics in Q2 2025, an estimated $42.2M increase.
  • Alpine Associates Management's biggest Q2 2025 reduction was Spirit AeroSystems, cutting an estimated $4.74M.
  • Alpine Associates Management fully exited Discover Financial Services in Q2 2025, selling an estimated $169M.
  • Alpine Associates Management's ten largest holdings make up 57% of its $1.87B portfolio in Q2 2025.
  • Alpine Associates Management opened 24 new positions and closed 19 in Q2 2025.
  • Alpine Associates Management's portfolio value fell 1.8% quarter-over-quarter to $1.87B.

Based on Alpine Associates Management's 13F filing for Q2 2025, filed 5 Aug 2025.