Alpine Global Management Portfolio holdings

Alpine Global Management's Q1 2016 Portfolio in Review

As of Q1 2016, Alpine Global Management held 237 positions worth $438M, up 40% from $312M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Alpine Global Management deployed $99.9M of net new capital in Q1 2016, opening 111 new positions and adding to 22 existing holdings. Its largest new stake was iShares MSCI Emerging Markets ETF: 3,085,253 shares worth $106M.

By sector, the portfolio is most concentrated in Communication Services at 6.6% of assets, down from 6.7% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $15.2M trimmed.

• Alpine Global Management's largest Q1 2016 buy was iShares MSCI Emerging Markets ETF: 3,085,253 shares worth $106M.
• Alpine Global Management added most to iShares China Large-Cap ETF in Q1 2016, an estimated $24.3M increase.
• Alpine Global Management's biggest Q1 2016 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $15.2M.
• Alpine Global Management fully exited Willis Towers Watson in Q1 2016, selling an estimated $65.9M.
• Alpine Global Management's ten largest holdings make up 59% of its $438M portfolio in Q1 2016.
• Alpine Global Management opened 111 new positions and closed 83 in Q1 2016.
• Alpine Global Management's portfolio value rose 40% quarter-over-quarter to $438M.

Based on Alpine Global Management's 13F filing for Q1 2016, filed 12 May 2016.