Managers / Q4 2025 · view latest →
Alpine Fox Capital LLC
CIK 0002096493 · 304 S. JONES BLVD. #155, LAS VEGAS, NV, 89107 · 702-570-9267
Summary
Alpine Fox Capital LLC reported $189M in U.S.-listed holdings across 22 positions for Q4 2025.
The portfolio is heavily concentrated: CIFR alone accounts for 30.6% of reported value.
Compared with Q3 2025, the fund opened 10 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 50.9% · $96M
- ETP · 23.4% · $44M
- Other · 16.2% · $31M
- ADR · 9.6% · $18M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CPCanadian Pacific Kansas City Limited | NEW | +120.0K | 120.0K | +$9M | $9M |
| PEPPepsiCo, Inc. | NEW | +31.5K | 31.5K | +$5M | $5M |
| BMYBristol-Myers Squibb Company | NEW | +50.0K | 50.0K | +$3M | $3M |
| LENLennar Corporation | NEW | +25.0K | 25.0K | +$3M | $3M |
| DYHTarget Corporation | NEW | +25.0K | 25.0K | +$2M | $2M |
| Strive Asset Management, LLC | NEW | +3.15M | 3.15M | +$2M | $2M |
| WULFTeraWulf Inc. | NEW | +100.0K | 100.0K | +$1M | $1M |
| BF/ABrown Forman Corporation | NEW | +13.0K | 13.0K | +$342,030 | $342,030 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CIFRCipher Mining Inc.history → | COM | 30.56% | $58M | 3.92M |
| 2 | IREN Limited | ORD SHS | 14.96% | $28M | 750.5K |
| 3 | CB1AConstellation Brands, Inc.history → | CL A | 7.28% | $14M | 100.0K |
| 4 | DGEDDiageo PLChistory → | SPON ADR NEW | 5.56% | $11M | 122.0K |
| 5 | CPCanadian Pacific Kansas City Limitedhistory → | COM | 4.66% | $9M | 120.0K |
| 6 | NVONovo Nordisk A/Shistory → | ADR | 4.03% | $8M | 150.0K |
| 7 | PEPPepsiCo, Inc.history → | COM | 2.39% | $5M | 31.5K |
| 8 | ETHAiShares Ethereum Trust ETFhistory → | SHS | 1.68% | $3M | 142.0K |
| 9 | BMYBristol-Myers Squibb Companyhistory → | COM | 1.42% | $3M | 50.0K |
| 10 | LENLennar Corporationhistory → | CL A | 1.36% | $3M | 25.0K |
| 11 | DYHTarget Corporationhistory → | COM | 1.29% | $2M | 25.0K |
| 12 | Strive Asset Management, LLC | CL A COM | 1.23% | $2M | 3.15M |
| 13 | WULFTeraWulf Inc. | COM | 0.61% | $1M | 100.0K |
| 14 | REGNRegeneron Pharmaceuticals, Inc. | COM | 0.41% | $771,870 | 1.0K |
| 15 | CLSKCleanSpark, Inc. | COM NEW | 0.27% | $506,000 | 50.0K |
| 16 | BKKTBakkt, Inc. | COM CL A NEW | 0.21% | $401,600 | 40.0K |
| 17 | BF/ABrown Forman Corporation | CL A | 0.18% | $342,030 | 13.0K |
| 18 | PYPLPayPal Holdings, Inc. | COM | 0.15% | $291,900 | 5.0K |
| 19 | OPENOpendoor Technologies Inc. | COM | 0.08% | $145,750 | 25.0K |
Filing History
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 ↗.