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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
+27.08%
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
$1.95B
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
HES
1
DELISTED
Hess
HES
$237M 12.16%
+1,644,700
New +$241M
SPLK
2
DELISTED
Splunk Inc
SPLK
$196M 10.03%
1,284,050
+1,179,550
+1,129% +$176M
CPRI icon
3
Capri Holdings
CPRI
$1.86B
$123M 6.31%
2,447,800
+8,200
+0.3% +$409K
AMED
4
DELISTED
Amedisys
AMED
$121M 6.2%
1,271,097
+237,600
+23% +$22.2M
MRTX
5
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$111M 5.67%
+1,881,400
New +$106M
ACI icon
6
Albertsons Companies
ACI
$7.15B
$101M 5.19%
4,401,418
+133,900
+3% +$2.96M
PXD
7
DELISTED
Pioneer Natural Resource Co.
PXD
$96.4M 4.94%
+428,550
New +$100M
AEL
8
DELISTED
American Equity Investment Life Holding Company
AEL
$94.8M 4.86%
1,698,700
+747,700
+79% +$40.6M
SOVO
9
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$88M 4.51%
3,994,900
+946,200
+31% +$20.8M
KRTX
10
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$70.6M 3.62%
+223,000
New +$43.3M
CERE
11
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
$69.7M 3.57%
+1,644,100
New +$47.2M
SIMO icon
12
Silicon Motion
SIMO
$9.55B
$58.5M 3%
955,514
+3,300
+0.3% +$189K
IMGN
13
DELISTED
Immunogen Inc
IMGN
$52.2M 2.68%
+1,761,300
New +$35.1M
SP
14
DELISTED
SP Plus Corporation
SP
$51.2M 2.63%
+999,100
New +$50.1M
RYZB
15
DELISTED
RayzeBio, Inc. Common Stock
RYZB
$47.4M 2.43%
+762,900
New +$19M
OLK
16
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
$47.3M 2.43%
+1,880,800
New +$44.2M
TGH
17
DELISTED
Textainer Group Holdings limited
TGH
$46.3M 2.37%
+940,100
New +$43.3M
HOLI
18
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$39.2M 2.01%
+1,489,107
New +$33.5M
X
19
DELISTED
US Steel
X
$37.1M 1.9%
+762,400
New +$27.7M
NGMS
20
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
$35.7M 1.83%
1,245,528
+245,900
+25% +$6.65M
CMBT
21
CMB.TECH NV
CMBT
$4.45B
$34.4M 1.76%
+1,955,143
New +$34.6M
BVH
22
DELISTED
Bluegreen Vacations Holding Corporation
BVH
$26.5M 1.36%
+352,815
New +$20.6M
IRBT
23
DELISTED
iRobot
IRBT
$23.1M 1.18%
596,832
-365,507
-38% -$13M
ICVX
24
DELISTED
Icosavax, Inc. Common Stock
ICVX
$23M 1.18%
+1,456,700
New +$14M
RPT
25
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$18.8M 0.96%
1,461,600
+348,300
+31% +$3.96M
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.