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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 | |
|---|---|---|---|---|---|---|
|
GES
51
DELISTED
Guess Inc
GES
| $5.77M | 0.35% |
+345,397
| New | +$5.12M |
|
|
SCPH
52
DELISTED
scPharmaceuticals
SCPH
| $5.45M | 0.33% |
+961,065
| New | +$4.92M |
|
|
WOW
53
DELISTED
WideOpenWest
WOW
| $5.29M | 0.32% |
+1,025,400
| New | +$4.6M |
|
|
SPNS
54
DELISTED
Sapiens International
SPNS
| $5.22M | 0.31% |
+121,339
| New | +$4.41M |
|
55
Pan American Silver
PAAS
$21.6B
| $4.67M | 0.28% |
+120,616
| New | +$3.88M |
|
|
PLYM
56
DELISTED
Plymouth Industrial REIT
PLYM
| $4.35M | 0.26% |
+194,699
| New | +$3.57M |
|
57
TaskUs
TASK
$669M
| $4.32M | 0.26% |
242,222
-18,535
| -7% | -$321K |
|
|
PINC
58
DELISTED
Premier
PINC
| $3.46M | 0.21% |
+124,357
| New | +$3M |
|
|
VBTX
59
DELISTED
Veritex Holdings
VBTX
| $3.44M | 0.21% |
+102,600
| New | +$3.31M |
|
|
AL
60
DELISTED
Air Lease Corp
AL
| $3.04M | 0.18% |
+47,803
| New | +$2.86M |
|
|
SMLR
61
DELISTED
Semler Scientific
SMLR
| $2.87M | 0.17% |
+95,600
| New | +$3.29M |
|
|
HBI
62
DELISTED
Hanesbrands
HBI
| $2.69M | 0.16% |
+408,340
| New | +$2.26M |
|
|
GENVR
63
Gen Digital Inc Contingent Value Rights
GENVR
| $2.64M | 0.16% |
379,348
| – | – |
|
|
PGRE
64
DELISTED
Paramount Group
PGRE
| $2.01M | 0.12% |
+307,363
| New | +$2.04M |
|
65
HNI Corp
HNI
$3.59B
| $1.83M | 0.11% |
+39,100
| New | +$1.85M |
|
66
Strive Inc
ASST
$1.05B
| $717K | 0.04% |
+14,331
| New | +$1.36M |
|
67
Sunoco
SUN
$13.3B
| $223K | 0.01% |
+4,457
| New | +$232K |
|
|
AGS
68
DELISTED
PlayAGS
AGS
| – | – |
-1,544,344
| Closed | -$19.3M |
|
|
AMED
69
DELISTED
Amedisys
AMED
| – | – |
-1,096,920
| Closed | -$108M |
|
|
ANSS
70
DELISTED
Ansys
ANSS
| – | – |
-447,883
| Closed | -$157M |
|
|
DCH
71
CALL
Dauch Corp
DCH
$1.51B
| – | – |
-1,516,900
| Closed | -$6.19M |
|
|
AZEK
72
DELISTED
The AZEK Co
AZEK
| – | – |
-849,220
| Closed | -$46.2M |
|
73
Brighthouse Financial
BHF
$3.5B
| – | – |
-97,175
| Closed | -$5.23M |
|
|
BPMC
74
DELISTED
Blueprint Medicines
BPMC
| – | – |
-1,060,307
| Closed | -$136M |
|
|
CHX
75
DELISTED
ChampionX
CHX
| – | – |
-1,652,114
| Closed | -$41M |
|
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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.