Alpine Fox Capital LLC
Long book
$106.2M
Q1 2026
Positions
13
Top-10 weight
99%
concentration
Last quarter
+31.0%
SPY +14.8%
Turnover
48%
of book per quarter
Strategy in plain words
auto-generated from filingsAlpine Fox Capital LLC is a concentrated fundamental stock-picker, specialised in financials (85% of the long book), running a $106.2M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CIPHER DIGITAL INC, IREN LTD, OPENDOOR TECHNOLOGIES INC, ISHARES ETHEREUM TRUST ETF, STRIVE INC-A.
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
Q3 2025
+1.5%
Q4 2025
-7.8%
Q1 2026
+31.0%
Sector allocation
Financials 89%
Real estate 8%
Consumer staples 1%
Healthcare 1%
Industrials 0%
Consumer discretionary 0%
Long book by quarter
What does Alpine Fox own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CIFR CIPHER DIGITAL INC | Financials | 3.8M | $48.4M | 45.6% | -4.1% |
| IREN IREN LTD | Financials | 750.5K | $25.7M | 24.2% | Held |
| OPEN OPENDOOR TECHNOLOGIES INC | Real estate | 1.7M | $7.8M | 7.4% | +6580.8% |
| ASST STRIVE INC-A | Financials | 606.2K | $6.1M | 5.7% | New |
| BMNR BITMINE IMMERSION TECHNOLOGI | Financials | 92.0K | $1.8M | 1.7% | New |
| PEP PEPSICO INC | Consumer staples | 5.0K | $776K | 0.7% | -84.1% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 1.0K | $773K | 0.7% | Held |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 3.0K | $450K | 0.4% | -97.0% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 5.0K | $393K | 0.4% | -95.8% |
| BKKT BAKKT INC | Financials | 40.0K | $294K | 0.3% | Held |
| TGT TARGET CORP | Consumer discretionary | 2.0K | $242K | 0.2% | -92.0% |