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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
+14.75%
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
+$261M
Cap. Flow
+$171M
Cap. Flow %
8.96%
Top 10 Hldgs %
58%
Holding
66
New
23
Increased
14
Reduced
7
Closed
21

Top Buys

Rank Stock Value
1
ITCI
Intra-Cellular Therapies Inc.
ITCI
+$89.7M
2
PYCR
Paycor HCM, Inc. Common Stock
PYCR
+$49.2M
3
K
Kellanova
K
+$44.8M
4
VRN
Veren
VRN
+$44.7M
5
HEES
H&E Equipment Services
HEES
+$43.9M

Top Sells

Rank Stock Value
1
HCP
HashiCorp, Inc. Class A Common Stock
HCP
+$81.9M
2
JNPR
Juniper Networks
JNPR
+$57.5M
3
SMAR
Smartsheet Inc.
SMAR
+$33.1M
4
GATO
Gatos Silver, Inc.
GATO
+$31.9M
5
ACI icon
Albertsons Companies
ACI
+$31.3M

Sector Composition

Rank Sector Weight
1 Energy 18.23%
2 Healthcare 14.79%
3 Industrials 14.2%
4 Technology 13.67%
5 Financials 13.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HES
1
DELISTED
Hess
HES
$250M 13.09%
1,564,896
-94,800
-6% -$13.9M
DFS
2
DELISTED
Discover Financial Services
DFS
$169M 8.83%
987,635
+123,471
+14% +$22.6M
ANSS
3
DELISTED
Ansys
ANSS
$143M 7.5%
451,983
+8,400
+2% +$2.82M
SPR
4
DELISTED
Spirit AeroSystems
SPR
$102M 5.37%
2,972,104
-120,480
-4% -$4.12M
K
5
DELISTED
Kellanova
K
$95.5M 5%
1,158,150
+545,300
+89% +$44.8M
ITCI
6
DELISTED
Intra-Cellular Therapies Inc.
ITCI
$94.9M 4.97%
+719,500
New +$89.7M
AMED
7
DELISTED
Amedisys
AMED
$91.9M 4.81%
992,120
+104,000
+12% +$9.59M
FYBR
8
DELISTED
Frontier Communications
FYBR
$57.5M 3.01%
1,604,844
+562,214
+54% +$20.1M
VRN
9
DELISTED
Veren
VRN
$53.5M 2.8%
+8,083,800
New +$44.7M
PYCR
10
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
$49.9M 2.61%
+2,221,527
New +$49.2M
BERY
11
DELISTED
Berry Global Group, Inc.
BERY
$49.8M 2.61%
713,711
+121,111
+20% +$8.41M
HEES
12
DELISTED
H&E Equipment Services
HEES
$47.8M 2.51%
+504,603
New +$43.9M
CHX
13
DELISTED
ChampionX
CHX
$44.5M 2.33%
1,492,314
+309,598
+26% +$9.04M
IPG
14
DELISTED
Interpublic Group of Companies
IPG
$42.1M 2.21%
1,551,100
+1,199,300
+341% +$32.9M
PLYA
15
DELISTED
Playa Hotels & Resorts
PLYA
$40.9M 2.14%
+3,069,443
New +$39.8M
X
16
DELISTED
US Steel
X
$36.5M 1.91%
863,514
-607,940
-41% -$23M
AZEK
17
DELISTED
The AZEK Co
AZEK
$33.4M 1.75%
+683,600
New +$32.4M
ML
18
DELISTED
MoneyLion Inc.
ML
$30.9M 1.62%
+356,659
New +$31M
ATSG
19
DELISTED
Air Transport Services Group
ATSG
$30.3M 1.59%
1,348,340
-79,170
-6% -$1.76M
ESGR
20
DELISTED
Enstar Group
ESGR
$29.5M 1.54%
88,692
-4,784
-5% -$1.58M
EVRI
21
DELISTED
Everi Holdings
EVRI
$28.5M 1.49%
2,083,062
+261,762
+14% +$3.57M
BECN
22
DELISTED
Beacon Roofing Supply, Inc.
BECN
$27.6M 1.45%
+223,497
New +$26M
ALE
23
DELISTED
Allete
ALE
$27.4M 1.43%
416,847
+33,000
+9% +$2.16M
RDUS
24
DELISTED
Radius Recycling
RDUS
$27.2M 1.43%
+942,100
New +$15.2M
ENFN
25
DELISTED
Enfusion, Inc.
ENFN
$27.2M 1.42%
+2,435,720
New +$26.9M
1
2 3

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Alpine Associates Management's Q1 2025 Portfolio in Review

As of Q1 2025, Alpine Associates Management held 66 positions worth $1.91B, up 16% from $1.65B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Alpine Associates Management deployed $171M of net new capital in Q1 2025, opening 23 new positions and adding to 14 existing holdings. Its largest new stake was Intra-Cellular Therapies Inc.: 719,500 shares worth $94.9M.

By sector, the portfolio is most concentrated in Energy at 18% of assets, up from 16% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Juniper Networks, an estimated $57.5M trimmed.

  • Alpine Associates Management's largest Q1 2025 buy was Intra-Cellular Therapies Inc.: 719,500 shares worth $94.9M.
  • Alpine Associates Management added most to Kellanova in Q1 2025, an estimated $44.8M increase.
  • Alpine Associates Management's biggest Q1 2025 reduction was Juniper Networks, cutting an estimated $57.5M.
  • Alpine Associates Management fully exited HashiCorp, Inc. Class A Common Stock in Q1 2025, selling an estimated $81.9M.
  • Alpine Associates Management's ten largest holdings make up 58% of its $1.91B portfolio in Q1 2025.
  • Alpine Associates Management opened 23 new positions and closed 21 in Q1 2025.
  • Alpine Associates Management's portfolio value rose 16% quarter-over-quarter to $1.91B.

Based on Alpine Associates Management's 13F filing for Q1 2025, filed 8 May 2025.