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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
+12.9%
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
$1.91B
AUM Growth
-$312M
Cap. Flow
-$442M
Cap. Flow %
-23.13%
Top 10 Hldgs %
70.58%
Holding
58
New
20
Increased
12
Reduced
2
Closed
23

Top Buys

Rank Stock Value
1
DEN
Denbury Inc.
DEN
+$171M
2
CPRI icon
Capri Holdings
CPRI
+$111M
3
NEWR
New Relic, Inc.
NEWR
+$64.9M
4
SOVO
Sovos Brands, Inc. Common Stock
SOVO
+$64.1M
5
AEL
American Equity Investment Life Holding Company
AEL
+$50.9M

Top Sells

Rank Stock Value
1
LSI
Life Storage, Inc.
LSI
+$139M
2
PDCE
PDC Energy, Inc.
PDCE
+$131M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$110M
4
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$106M
5
DICE
DICE Therapeutics, Inc. Common Stock
DICE
+$98.3M

Sector Composition

Rank Sector Weight
1 Technology 30.33%
2 Healthcare 23.79%
3 Consumer Staples 11.03%
4 Energy 10.62%
5 Consumer Discretionary 8.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATVI
1
DELISTED
Activision Blizzard
ATVI
$246M 12.86%
2,622,461
+475,400
+22% +$43.4M
DEN
2
DELISTED
Denbury Inc.
DEN
$185M 9.7%
+1,890,151
New +$171M
SGEN
3
DELISTED
Seagen Inc. Common Stock
SGEN
$147M 7.71%
694,000
+19,400
+3% +$3.88M
VMW
4
DELISTED
VMware, Inc
VMW
$136M 7.11%
815,500
-493,900
-38% -$79.1M
CPRI icon
5
Capri Holdings
CPRI
$1.86B
$128M 6.72%
+2,439,600
New +$111M
NATI
6
DELISTED
National Instruments Corp
NATI
$126M 6.59%
2,109,200
+747,200
+55% +$43.9M
HZNP
7
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$117M 6.13%
1,011,600
-13,800
-1% -$1.48M
ACI icon
8
Albertsons Companies
ACI
$7.15B
$97.1M 5.09%
4,267,518
+454,400
+12% +$10.1M
AMED
9
DELISTED
Amedisys
AMED
$96.5M 5.06%
1,033,497
+328,300
+47% +$30.3M
NEWR
10
DELISTED
New Relic, Inc.
NEWR
$68.9M 3.61%
+805,100
New +$64.9M
SOVO
11
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$68.7M 3.6%
+3,048,700
New +$64.1M
AEL
12
DELISTED
American Equity Investment Life Holding Company
AEL
$51M 2.67%
+951,000
New +$50.9M
SIMO icon
13
Silicon Motion
SIMO
$9.55B
$48.8M 2.56%
952,214
+381,648
+67% +$21.7M
TWNK
14
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
$44.7M 2.34%
+1,342,600
New +$36M
ICPT
15
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$40.8M 2.14%
+2,203,295
New +$24.9M
IRBT
16
DELISTED
iRobot
IRBT
$36.5M 1.91%
962,339
+5,400
+0.6% +$217K
SAVE
17
DELISTED
Spirit Airlines, Inc.
SAVE
$31.4M 1.65%
1,904,500
+436,486
+30% +$7.43M
ABCM
18
DELISTED
Abcam PLC
ABCM
$27.9M 1.46%
+1,232,700
New +$28.3M
NGMS
19
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
$27M 1.41%
999,628
+129,840
+15% +$3.51M
BIPC icon
20
Brookfield Infrastructure
BIPC
$5.01B
$26.8M 1.41%
+759,475
New +$31.4M
ARGO
21
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$25.8M 1.35%
864,694
+550,914
+176% +$16.4M
GMED icon
22
Globus Medical
GMED
$10.2B
$18.4M 0.96%
+369,865
New +$20.7M
ESTE
23
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$17.6M 0.92%
+867,400
New +$15.1M
SPLK
24
DELISTED
Splunk Inc
SPLK
$15.3M 0.8%
+104,500
New +$11.8M
CIR
25
DELISTED
CIRCOR International, Inc
CIR
$15.1M 0.79%
270,713
+47,188
+21% +$2.63M
1
2 3

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Alpine Associates Management's Q3 2023 Portfolio in Review

As of Q3 2023, Alpine Associates Management held 58 positions worth $1.91B, down 14% from $2.22B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Alpine Associates Management withdrew a net $442M in Q3 2023, closing 23 positions and reducing 2 holdings. Its most notable exit was Life Storage, Inc., an estimated $139M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, Alpine Associates Management opened a new position in Denbury Inc. worth $185M.

  • Alpine Associates Management's largest Q3 2023 buy was Denbury Inc.: 1,890,151 shares worth $185M.
  • Alpine Associates Management added most to National Instruments Corp in Q3 2023, an estimated $43.9M increase.
  • Alpine Associates Management's biggest Q3 2023 reduction was VMware, Inc, cutting an estimated $79.1M.
  • Alpine Associates Management fully exited Life Storage, Inc. in Q3 2023, selling an estimated $139M.
  • Alpine Associates Management's ten largest holdings make up 71% of its $1.91B portfolio in Q3 2023.
  • Alpine Associates Management opened 20 new positions and closed 23 in Q3 2023.
  • Alpine Associates Management's portfolio value fell 14% quarter-over-quarter to $1.91B.

Based on Alpine Associates Management's 13F filing for Q3 2023, filed 8 Nov 2023.