SEC 13F Intelligence

Managers / Q4 2019 · view latest →

ACR Alpine Capital Research, LLC

CIK 0001508822 · Part of the Capital Group family · 190 CARONDELET PLAZA, SUITE 1300, ST. LOUIS, MO, 63105 · 314-932-1010

Reported Value
$1.9B
Q4 2019
Positions
47
Filings on Record
32
2019–present window
Filed
Feb 4, 2020
original filing

Summary

Acr Alpine Capital Research, LLC reported $1.9B in U.S.-listed holdings across 47 positions for Q4 2019.

The portfolio is heavily concentrated: Goldman Sachs Etf Tr alone accounts for 29.3% of reported value.

Compared with Q3 2019, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+76.2%
share of reported value
Largest Position
+29.3%
Goldman Sachs Etf Tr
New / Exited
1 / 2
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: $2.0BQ4 ’18Q1 ’19: $1.9BQ2 ’19: $1.9BQ3 ’19: $2.0BQ4 ’19: $1.9BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $1.5BQ3 ’20: $1.4BQ4 ’20: $1.7BQ4 ’20Q1 ’21: $1.9BQ2 ’21: $1.8BQ3 ’21: $1.8BQ4 ’21: $1.9BQ4 ’21Q1 ’22: $2.0BQ2 ’22: $2.2BQ3 ’22: $2.0BQ4 ’22: $2.2BQ4 ’22Q1 ’23: $2.5BQ2 ’23: $2.7BQ3 ’23: $3.1BQ4 ’23: $3.0BQ4 ’23Q1 ’24: $3.3BQ2 ’24: $3.2BQ3 ’24: $3.4BQ4 ’24: $4.6BQ4 ’24Q1 ’25: $4.8BQ2 ’25: $5.6BQ3 ’25: $5.9BQ4 ’25: $6.4BQ4 ’25Q1 ’26: $6.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 43.7%ETP: 36.1%Other: 11.9%ADR: 8.2%
  • Common Stock · 43.7% · $840M
  • ETP · 36.1% · $694M
  • Other · 11.9% · $229M
  • ADR · 8.2% · $158M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VTVVANGUARD INDEX FDSNEW+2.2K2.2K+$262,000$262,000
DELLDELL TECHNOLOGIES INCADDED+38.5K48.1K+$2M$2M
LEN/BLENNAR CORPADDED+19.9K37.0K+$897,000$2M
SPX CORPSOLD OUT−892.7K0−$36M$0
TEN1TENNECO INCSOLD OUT−72.8K0−$911,000$0
FLOWUSDSPX FLOW INCTRIMMED−746.4K1.34M−$17M$65M
VANGUARD MUN BD FD INCADDED+1.9K10.6K+$102,000$565,000
RFPUSDRESOLUTE FST PRODS INCTRIMMED−1.10M4.30M−$7M$18M

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

Holdings — Q4 2019

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOLDMAN SACHS ETF TRACCES TREASURY35.78%$687M6.86M
2VODVODAFONE GROUP PLC NEWhistory →SPONSORED ADR7.69%$148M7.65M
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW6.86%$132M581.6K
4CTLEURCENTURYLINK INChistory →COM6.40%$123M9.30M
5LIBERTY GLOBAL PLCSHS CL C6.08%$117M5.36M
6JNJJOHNSON & JOHNSONhistory →COM5.91%$114M778.5K
7GENERAL MTRS COCOM5.35%$103M2.81M
8JPMJPMORGAN CHASE & COhistory →COM5.23%$100M720.6K
9TRVCCITIGROUP INChistory →COM NEW5.07%$97M1.22M
10MSFTMICROSOFT CORPhistory →COM4.91%$94M598.1K
11MGAMAGNA INTL INChistory →COM4.01%$77M1.41M
12FLOWUSDSPX FLOW INChistory →COM3.40%$65M1.34M
13RFPUSDRESOLUTE FST PRODS INChistory →COM0.94%$18M4.30M
14LIBERTY LATIN AMERICA LTDCOM CL C0.33%$6M329.9K
15HHC*HOWARD HUGHES CORPCOM0.31%$6M47.6K
16BCSBARCLAYS PLCADR0.30%$6M611.8K
17JEFJEFFERIES FINL GROUP INCCOM0.25%$5M220.9K
18VANGUARD BD INDEX FD INCSHORT TRM BOND0.24%$5M57.1K
19EMBJEMBRAER S ASPONSORED ADS0.24%$5M234.7K
20CRKCOMSTOCK RES INCCOM0.17%$3M405.4K
21JOHNSON CTLS INTL PLCSHS0.16%$3M75.0K
22DELLDELL TECHNOLOGIES INCCL C0.13%$2M48.1K
23LEN/BLENNAR CORPCL B0.09%$2M37.0K
24SCHWAB STRATEGIC TRUS AGGREGATE B0.07%$1M23.9K
25VANGUARD MUN BD FD INCTAX EXEMPT BD0.03%$565,00010.6K
26INTCINTEL CORPCOM0.02%$319,0005.3K
27VTVVANGUARD INDEX FDSVALUE ETF0.01%$262,0002.2K
28MRKMERCK & CO INCCOM0.01%$230,0002.5K
29MBIMBIA INCCOM0.01%$182,00019.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$6.7B67Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.4B64Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.9B64Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.6B66Aug 1, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.8B72May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.6B66Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.4B67Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.2B63Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.3B64May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.0B63Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023REVEALED$3.1B99Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.7B63Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.5B63Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.2B65Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.0B65Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.2B64Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.0B59Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.9B54Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.8B53Oct 22, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B52Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.9B55Apr 28, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B55Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.4B53Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.5B55Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B56May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.9B47Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.0B49Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.9B47Aug 5, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.9B50May 17, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$2.0B50Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • ALPINE PRIVATE CAPITAL, LLC028-18336

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 ↗.