ALPINE ASSOCIATES MANAGEMENT INC.
Long book
$1.70B
Q1 2026
Positions
70
Top-10 weight
40%
concentration
Last quarter
+4.0%
SPY +14.8%
Turnover
72%
of book per quarter
Strategy in plain words
auto-generated from filingsALPINE ASSOCIATES MANAGEMENT INC. is a concentrated fundamental stock-picker, running a $1.70B US long book across 70 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NORFOLK SOUTHERN CORP, AIR LEASE CORP, CHART INDUSTRIES INC, ELECTRONIC ARTS INC, QORVO INC.
Over the last 9 quarters its long book ran on average 6.6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-12.2%
Q2 2024
+0.1%
Q3 2024
-10.2%
Q4 2024
-9.0%
Q1 2025
+4.1%
Q2 2025
+11.2%
Q3 2025
-4.5%
Q4 2025
-2.4%
Q1 2026
+4.0%
Sector allocation
Other 34%
Industrials 17%
Technology 16%
Financials 7%
Services media 6%
Healthcare 5%
Communications 4%
Energy 4%
Long book by quarter
What does ALPINE ASSOCIATES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NSC NORFOLK SOUTHERN CORP | Industrials | 464.5K | $133.3M | 7.9% | -0.8% |
| AL AIR LEASE CORP | — | 1.4M | $89.8M | 5.3% | +23.6% |
| GTLS CHART INDUSTRIES INC | Industrials | 428.8K | $88.6M | 5.2% | -0.5% |
| EA ELECTRONIC ARTS INC | Technology | 320.8K | $65.4M | 3.9% | +18.2% |
| QRVO QORVO INC | Technology | 801.6K | $62.0M | 3.7% | +93.1% |
| UNF UNIFIRST CORP/MA | Services media | 217.1K | $54.6M | 3.2% | New |
| KVUE KENVUE INC | Other | 3.0M | $51.2M | 3.0% | +37.5% |
| VAL VALARIS LTD | Energy | 472.5K | $46.3M | 2.7% | New |
| SLAB SILICON LABORATORIES INC | Technology | 222.4K | $46.3M | 2.7% | New |
| ACLXGBX ARCELLX INC | — | 378.0K | $43.4M | 2.6% | New |
| PEN PENUMBRA INC | Healthcare | 131.9K | $43.3M | 2.6% | New |
| WBD WARNER BROS DISCOVERY INC | Communications | 1.6M | $43.0M | 2.5% | +174.5% |
| APLSUSD APELLIS PHARMACEUTICALS INC | — | 864.0K | $34.8M | 2.0% | New |
| SKYT SKYWATER TECHNOLOGY INC | Technology | 1.2M | $33.7M | 2.0% | New |
| MASI* MASIMO CORP | — | 189.0K | $33.6M | 2.0% | New |
| HO1 HOLOGIC INC | — | 432.2K | $32.7M | 1.9% | -0.7% |
| VICI Vici properties inc | Real estate | 402.5K | $32.2M | 1.9% | +747.4% |
| ZIM ZIM INTEGRATED SHIPPING SERV | Industrials | 1.2M | $31.1M | 1.8% | New |
| TXNM TXNM ENERGY INC | Utilities | 512.1K | $29.9M | 1.8% | +1.0% |
| WBS WEBSTER FINANCIAL CORP | Financials | 416.5K | $28.9M | 1.7% | New |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 453.9K | $27.2M | 1.6% | +21.8% |
| AES AES CORP | Utilities | 1.9M | $26.6M | 1.6% | New |
| SDA SEALED AIR CORP | Services media | 624.9K | $26.3M | 1.5% | +46.3% |
| AAUC ALLIED GOLD CORP | — | 837.3K | $25.9M | 1.5% | New |
| 8TG THERMON GROUP HOLDINGS INC | — | 485.9K | $24.5M | 1.4% | New |
| LBRDK LIBERTY BROADBAND-C | Communications | 472.2K | $23.7M | 1.4% | -0.5% |
| PRA PROASSURANCE CORP | Financials | 945.6K | $23.4M | 1.4% | +13.1% |
| AM6 AMICUS THERAPEUTICS INC | — | 1.6M | $23.1M | 1.4% | +68.2% |
| UTE0 CANTALOUPE INC | — | 2.1M | $22.5M | 1.3% | +8.8% |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 1.5M | $22.4M | 1.3% | +282.2% |
| K4F ONESTREAM INC | — | 920.7K | $22.1M | 1.3% | New |
| NATL NCR ATLEOS CORP | Technology | 474.8K | $20.7M | 1.2% | New |
| DAWNGBX DAY ONE BIOPHARMACEUTICALS I | — | 925.0K | $19.8M | 1.2% | New |
| STKL SUNOPTA INC | — | 3.0M | $19.2M | 1.1% | New |
| SEM SELECT MEDICAL HOLDINGS CORP | Healthcare | 1.2M | $19.2M | 1.1% | New |
| SSTK SHUTTERSTOCK INC | Technology | 1.1M | $18.9M | 1.1% | -1.3% |
| 628 SEMRUSH HOLDINGS INC-A | — | 1.6M | $18.9M | 1.1% | +80.0% |
| SNCY SUN COUNTRY AIRLINES HOLDING | — | 1.1M | $18.7M | 1.1% | New |
| SUNC SUNOCOCORP LLC | Energy | 186.7K | $11.5M | 0.7% | +225.4% |
| TALK TALKSPACE INC | Healthcare | 1.9M | $9.6M | 0.6% | New |
| IMXI INTERNATIONAL MONEY EXPRESS | Services media | 601.0K | $9.5M | 0.6% | +54.0% |
| AHQ AMERICAN WOODMARK CORP | — | 225.8K | $9.0M | 0.5% | -0.5% |
| CDE COEUR MINING INC | Materials | 407.5K | $7.6M | 0.5% | New |
| 430 TERNS PHARMACEUTICALS INC | — | 142.3K | $7.5M | 0.4% | New |
| COMP COMPASS INC - CLASS A | Real estate | 962.2K | $7.0M | 0.4% | New |
| STEL STELLAR BANCORP INC | Financials | 188.7K | $6.9M | 0.4% | New |
| CRBG COREBRIDGE FINANCIAL INC | Financials | 287.3K | $6.9M | 0.4% | New |
| T86 TRI POINTE HOMES INC | — | 141.8K | $6.6M | 0.4% | New |
| TEX TEREX CORP | Industrials | 107.4K | $6.3M | 0.4% | New |
| EHABUSD ENHABIT INC | — | 450.0K | $6.3M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 70 | $1.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 67 | $1.50B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 67 | $1.66B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 50 | $1.87B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 45 | $1.91B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 43 | $1.65B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 49 | $2.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 43 | $2.09B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 40 | $2.57B | canonical | SEC ↗ |
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