SEC 13F Intelligence

Managers / Q3 2023 · view latest →

ALPINE ASSOCIATES MANAGEMENT INC.

CIK 0001396835 · 249 ROYAL PALM WAY, SUITE 400, PALM BEACH, FL, 33480 · 5618346550

Reported Value
$1.9B
Q3 2023
Positions
35
Filings on Record
33
2019–present window
Filed
Nov 8, 2023
original filing

Summary

Alpine Associates Management Inc. reported $1.9B in U.S.-listed holdings across 35 positions for Q3 2023.

Its largest position, ATVIEUR, represents 12.9% of the portfolio.

Compared with Q2 2023, the fund opened 20 new positions and exited 23.

Portfolio Metrics

Turnover
+47.3%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+12.9%
Activision Blizzard
New / Exited
20 / 23
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.4BQ4 ’18Q1 ’19: $3.0BQ2 ’19: $3.4BQ3 ’19: $3.1BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $2.5BQ2 ’20: $1.7BQ3 ’20: $1.9BQ4 ’20: $2.4BQ4 ’20Q1 ’21: $3.7BQ2 ’21: $3.6BQ3 ’21: $3.1BQ4 ’21: $2.7BQ4 ’21Q1 ’22: $2.3BQ2 ’22: $2.7BQ3 ’22: $2.4BQ4 ’22: $2.2BQ4 ’22Q1 ’23: $1.9BQ2 ’23: $2.2BQ3 ’23: $1.9BQ4 ’23: $2.0BQ4 ’23Q1 ’24: $2.6BQ2 ’24: $2.1BQ3 ’24: $2.2BQ4 ’24: $1.6BQ4 ’24Q1 ’25: $1.9BQ2 ’25: $1.9BQ3 ’25: $1.7BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 69.5%Other: 27.3%ADR: 2.6%REIT: 0.6%Equity WRT: 0.1%
  • Common Stock · 69.5% · $1.3B
  • Other · 27.3% · $521M
  • ADR · 2.6% · $49M
  • REIT · 0.6% · $12M
  • Equity WRT · 0.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DENUSDDENBURY INCNEW+1.89M1.89M+$185M$185M
CAPRI HOLDINGS LIMITEDNEW+2.44M2.44M+$128M$128M
NEWREURNEW RELIC INCNEW+805.1K805.1K+$69M$69M
SOVOS BRANDS INCNEW+3.05M3.05M+$69M$69M
AELUSDAMERICAN EQTY INVT LIFE HLDNEW+951.0K951.0K+$51M$51M
TWNKEURHOSTESS BRANDS INCNEW+1.34M1.34M+$45M$45M
ICPTUSDINTERCEPT PHARMACEUTICALS INNEW+2.20M2.20M+$41M$41M
ABCAM PLCNEW+1.23M1.23M+$28M$28M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ATVIEURACTIVISION BLIZZARD INChistory →COM12.86%$246M2.62M
2DENUSDDENBURY INChistory →COM9.70%$185M1.89M
3SGENUSDSEAGEN INChistory →COM7.71%$147M694.0K
4VMWEURVMWARE INChistory →CL A COM7.11%$136M815.5K
5CAPRI HOLDINGS LIMITEDSHS6.72%$128M2.44M
6NATIONAL INSTRS CORPCOM6.59%$126M2.11M
7HORIZON THERAPEUTICS PUB LSHS6.13%$117M1.01M
8ACIALBERTSONS COS INChistory →COMMON STOCK5.09%$97M4.27M
9AMEDAMEDISYS INChistory →COM5.06%$97M1.03M
10NEWREURNEW RELIC INChistory →COM3.61%$69M805.1K
11SOVOS BRANDS INCCOM3.60%$69M3.05M
12AELUSDAMERICAN EQTY INVT LIFE HLDhistory →COM2.67%$51M951.0K
13SIMOSILICON MOTION TECHNOLOGY COhistory →SPONSORED ADR2.56%$49M952.2K
14TWNKEURHOSTESS BRANDS INChistory →CL A2.34%$45M1.34M
15ICPTUSDINTERCEPT PHARMACEUTICALS INhistory →COM2.14%$41M2.20M
16I8RIROBOT CORPhistory →COM1.91%$36M962.3K
17SAVEEURSPIRIT AIRLS INChistory →COM1.65%$31M1.90M
18ABCAM PLCADS1.46%$28M1.23M
19NEOGAMES S ASHS1.41%$27M999.6K
201939900DBROOKFIELD INFRASTRUCTURE COhistory →COM SB VTG SHS A1.41%$27M759.5K
21ARGO GROUP INTL HLDGS LTDCOM1.35%$26M864.7K
22GMEDGLOBUS MED INChistory →CL A0.96%$18M369.9K
23ESTEEUREARTHSTONE ENERGY INChistory →CL A0.92%$18M867.4K
24SPLKCHFSPLUNK INChistory →COM0.80%$15M104.5K
25CIR2USDCIRCOR INTL INChistory →COM0.79%$15M270.7K
26CCFEURCHASE CORPhistory →COM0.73%$14M109.7K
27RPTUSDRPT REALTYhistory →SH BEN INT0.62%$12M1.11M
28QSIIEURNEXTGEN HEALTHCARE INCCOM0.42%$8M335.8K
29VERITIV CORPCOM0.41%$8M46.9K
30LBAIUSDLAKELAND BANCORP INCCOM0.33%$6M505.0K
31THRNUSDTHORNE HEALTHTECH INCCOM0.33%$6M611.3K
32PACWUSDPACWEST BANCORP DELCOM0.25%$5M595.2K
33ECHOECHOSTAR CORPCL A0.16%$3M179.4K
34CVE/WSCENOVUS ENERGY INC*W EXP 01/01/2020.11%$2M127.3K
35HCCIUSDHERITAGE CRYSTAL CLEAN INCCOM0.10%$2M42.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B70Apr 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B67Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.7B67Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B50Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B45May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B43Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.2B49Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.1B43Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.6B40May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.0B37Feb 12, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$1.9B35Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.2B38Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.9B38May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.2B41Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.4B48Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.7B51Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.3B51May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.7B49Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.1B54Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.6B51Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.7B52May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.4B45Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.9B29Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B27Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.5B49May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B46Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.1B45Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.4B49Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.0B46May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.4B51Feb 14, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.