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Portfolio (Quarterly) Guide ↗

ACR Alpine Capital Research, LLC

· CIK 0001508822
13F Portfolio $6.7B AUM 67 positions Filed Apr 30, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 4 New 19 Added 7 Reduced 2 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GBIL GOLDMAN SACHS ETF TR 11,133,728.0 $1.12B 16.65% +3.0M +37.2% $100.19 -0.1%
2 CVX CHEVRON CORPORATION Energy 2,748,684.0 $568.7M 8.49% +38K +1.4% $206.90 -7.7%
3 ARW ARROW ELECTRS INC Technology 3,578,313.0 $513.2M 7.66% +133K +3.9% $143.41 +48.4%
4 VOD VODAFONE GROUP PLC Communication Services 26,854,952.0 $403.4M 6.02% +784K +3.0% $15.02 +1.5%
5 THO THOR INDS INC Consumer Cyclical 4,903,124.0 $391.7M 5.85% +769K +18.6% $79.89 -6.4%
6 LEN LENNAR CORP Consumer Cyclical 4,212,111.0 $365.8M 5.46% +997K +31.0% $86.84 +2.3%
7 MSFT MICROSOFT CORP Technology 981,646.0 $363.4M 5.42% +286K +41.2% $370.17 +13.2%
8 LIBERTY GLOBAL LTD 23,644,817.0 $285.9M 4.27% +2.1M +9.7% $12.09
9 LIBERTY GLOBAL LTD 6,884,624.0 $80.8M 1.21% +468K +7.3% $11.73
10 SGOV ISHARES TR 261,367.0 $26.3M 0.39% +99K +61.0% $100.66 -0.1%
11 DELL DELL TECHNOLOGIES INC Technology 116,886.0 $19.2M 0.29% +10K +9.4% $164.13 +54.1%
12 IAC IAC INC Technology 450,788.0 $18.0M 0.27% +20K +4.6% $40.03 +2.8%
13 SMBC SOUTHERN MO BANCORP INC Financial Services 94,707.0 $6.1M 0.09% +4K +4.0% $63.94 +7.2%
14 FPH FIVE POINT HOLDINGS LLC Real Estate 1,229,255.0 $5.9M 0.09% +114K +10.3% $4.84 +2.3%
15 JEF JEFFERIES FINANCIAL GROUP IN Financial Services 124,770.0 $5.1M 0.08% +29K +30.3% $41.27 +27.1%
16 MRK MERCK & CO INC Healthcare 39,449.0 $4.7M 0.07% +3K +6.9% $120.29 -3.7%
17 MGM MGM RESORTS INTERNATIONAL Consumer Cyclical 90,436.0 $3.3M 0.05% +25K +38.1% $37.01 +1.8%
18 LENNAR CORP 33,955.0 $2.9M 0.04% +4K +12.5% $84.12
19 APG API GROUP CORP Industrials 66,454.0 $2.7M 0.04% +5K +8.0% $40.52 +2.4%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 26.5%
Technology 18.2%
Financial Services 14.2%
Energy 11.3%
Healthcare 10.6%
Communication Services 8.2%
Industrials 8.0%
Consumer Defensive 2.7%
Real Estate 0.2%
Utilities 0.0%