Alpine Peaks Capital, LP

Fundamental concentrated ★Highest signal CIK 1906602
League rank
#610
in Fundamental concentrated · #6693 overall
Long book
$98.9M
Q1 2026
Positions
20
Top-10 weight
63%
concentration
Last quarter
+15.6%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Alpine Peaks Capital, LP is a concentrated fundamental stock-picker, running a $98.9M US long book across 20 positions.

The portfolio is concentrated: the top 10 names carry 63% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BRIGHT HORIZONS FAMILY SOLUT, WEST PHARMACEUTICAL SERVICES, U.S. PHYSICAL THERAPY INC, HEICO CORP-CLASS A, COGNEX CORP.

Over the last 9 quarters its long book ran on average 4.1pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-5.7%
Q2 2024
+2.7%
Q3 2024
-1.9%
Q4 2024
-6.0%
Q1 2025
+4.8%
Q2 2025
+5.6%
Q3 2025
-4.8%
Q4 2025
-6.5%
Q1 2026
+15.6%

Sector allocation

Technology
24%
Healthcare
24%
Industrials
17%
Other
17%
Services media
17%

Long book by quarter

$173.6M
Q1 2024
$162.9M
Q2 2024
$167.5M
Q3 2024
$121.8M
Q4 2024
$110.9M
Q1 2025
$113.3M
Q2 2025
$114.7M
Q3 2025
$104.7M
Q4 2025
$98.9M
Q1 2026

What does Alpine Peaks own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BFAM BRIGHT HORIZONS FAMILY SOLUTServices media92.9K$7.6M7.7%+3.6%
WST WEST PHARMACEUTICAL SERVICESHealthcare29.9K$7.5M7.6%+12.8%
USPH U.S. PHYSICAL THERAPY INCHealthcare95.0K$7.1M7.2%+4.2%
HEI/A HEICO CORP-CLASS AIndustrials33.7K$7.1M7.2%+7.0%
CGNX COGNEX CORPTechnology121.9K$6.0M6.0%-11.7%
LFUS LITTELFUSE INCIndustrials17.1K$5.8M5.9%-16.2%
MEDP MEDPACE HOLDINGS INCHealthcare11.4K$5.5M5.5%+19.5%
EVTC EVERTEC INCTechnology188.2K$5.3M5.4%+4.7%
JKHY JACK HENRY & ASSOCIATES INCTechnology32.2K$5.1M5.2%+7.3%
TRMB TRIMBLE INCOther76.0K$5.0M5.0%-6.3%
ROL ROLLINS INCServices media90.0K$4.8M4.9%-12.6%
DSGX DESCARTES SYSTEMS GRP/THETechnology63.9K$4.6M4.6%+25.3%
TREX TREX COMPANY INCOther122.3K$4.5M4.5%-0.4%
WAB WABTEC CORPIndustrials17.5K$4.4M4.4%-14.6%
WMS ADVANCED DRAINAGE SYSTEMS INOther30.7K$4.2M4.3%-0.8%
TECH BIO-TECHNE CORPHealthcare74.0K$3.9M3.9%+43.7%
IPAR INTERPARFUMS INCOther37.2K$3.4M3.4%-21.0%
QLYS QUALYS INCTechnology34.9K$3.1M3.1%+6.1%
BBSI BARRETT BUSINESS SVCS INCServices media88.4K$2.6M2.6%Held
TNET TRINET GROUP INCServices media45.6K$1.7M1.7%+15.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202621$99.2M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202621$105.0M canonicalSEC ↗
Q3 202513F-HRNov 14, 202524$115.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202523$113.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 202525$110.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202523$121.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202423$167.5M canonicalSEC ↗
Q2 202413F-HRAug 13, 202425$162.9M canonicalSEC ↗
Q1 202413F-HRMay 15, 202423$173.6M canonicalSEC ↗