Q2 2026 13F · SEC CIK 1396835

Alpine Associates Management Inc.

Hedge fundFiled 2026-08-06 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.6B
Reported positions: 66
Top holdings a year, 3 yrs: +5.0%
Assets under management: $2.1B

Alpine Associates Management Inc. is a hedge fund that reported 66 positions worth $1.6B in its Q2 2026 13F, filed 2026-08-06. Its largest holdings were Norfolk Southn Corp (NSC, 9.1%), Chart Inds Inc (GTLS, 6.5%), Qorvo Inc (QRVO, 4.7%). A portfolio copying its top holdings returned 5.0% a year over the last 3 years, against 17.9% for the S&P 500.

Alpine Associates Management Inc. holdings largest 50 of 66 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Alpine Associates Management Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NSCNorfolk Southn Corp	9.1%	7.9%	461,655	-0.6%	$145.2M
GTLSChart Inds Inc	6.5%	5.2%	493,910	+15.2%	$103.2M
QRVOQorvo Inc	4.7%	3.7%	798,159	-0.4%	$74.4M
SLABSilicon Laboratories Inc	4.1%	2.7%	298,739	+34.3%	$65.3M
UNFUnifirst Corp Mass	3.9%	3.2%	235,364	+8.4%	$62.2M
PENPenumbra Inc	3.7%	2.6%	188,986	+43.2%	$59.7M
KVUEKenvue Inc.	3.6%	3.0%	3,051,520	+2.8%	$58.3M
WBSWebster Finl Corp	3.6%	1.7%	758,050	+82.0%	$57.9M
EAElectronic Arts Inc	3.3%	3.9%	259,855	-19.0%	$53.3M
SKYTSkywater Technology Inc	3.0%	2.0%	1,356,200	+10.4%	$47.2M
WBDWarner Bros Discovery Inc	2.9%	2.5%	1,711,995	+9.4%	$45.6M
ROKURoku Inc	2.8%	—	328,250	—	$45.3M
BLDTopbuild Cor	2.4%	—	91,308	—	$38.9M
GSATGlobalstar Inc	2.4%	—	467,647	—	$38.0M
TECHBio-Techne Corp	2.2%	—	502,000	—	$35.5M
VALValaris Ltd	2.1%	2.7%	470,349	-0.5%	$34.1M
BHFBrighthouse Financial Inc	1.9%	1.6%	490,920	+8.1%	$31.1M
JHGJanus Henderson Group PLC	1.9%	1.8%	587,894	-0.5%	$30.6M
AESAes Corp	1.9%	1.6%	2,067,444	+9.4%	$30.3M
NATLNCR Atleos Corp	1.8%	1.2%	665,650	+40.2%	$28.9M
RAMPLiveRamp Holdings Inc	1.7%	—	734,350	—	$27.6M
DDominion Energy Inc	1.7%	—	386,200	—	$26.4M
ACLSAxcelis Technologies Inc	1.6%	—	134,905	—	$25.6M
TXNMTxnm Energy Inc	1.5%	1.8%	433,368	-15.4%	$24.6M
DBRGDigitalbridge Group Inc	1.5%	1.3%	1,542,240	+6.2%	$24.3M
ZIMZim Integrated Shipping Serv	1.5%	1.8%	935,949	-20.8%	$24.3M
SEMSelect Med Hldgs Corp	1.3%	1.1%	1,304,404	+10.9%	$21.5M
NSANational Storage Affiliates	1.3%	1.1%	473,739	-0.5%	$21.1M
OGNOrganon & Co	1.1%	—	1,345,233	—	$18.2M
12769G100Caesars Entertainment Inc Ne	1.1%	—	564,599	—	$17.0M
NUVLNuvalent Inc	1.0%	—	129,300	—	$16.0M
IRDMIridium Communications Inc	1.0%	—	289,700	—	$15.9M
SSTKShutterstock Inc	1.0%	1.1%	1,135,555	-0.4%	$15.8M
LBRDKLiberty Broadband Corp	1.0%	1.4%	469,762	-0.5%	$15.6M
IMXIInternational Money Express	0.9%	0.6%	987,150	+64.3%	$14.3M
WSRWhitestone REIT	0.8%	—	639,008	—	$12.1M
TALKTalkspace Inc	0.7%	0.6%	2,232,576	+20.4%	$11.6M
LEGTLeggett & Platt Inc	0.7%	—	960,100	—	$11.2M
STELStellar Bancorp Inc	0.7%	—	283,750	—	$11.2M
SILASila Realty Trust Inc	0.7%	—	365,529	—	$11.1M
AVNSAvanos Med Inc	0.7%	—	432,621	—	$10.8M
LCIILci Inds	0.6%	—	96,600	—	$10.2M
XOMAXoma Royalty Corporation	0.6%	—	239,318	—	$10.2M
CRBGCorebridge Finl Inc	0.6%	—	345,580	—	$9.9M
AAUCAllied Gold Corp	0.6%	1.5%	392,168	-53.2%	$9.3M
SUNCSunococorp LLC	0.5%	0.7%	127,523	-31.7%	$8.6M
GBTGGlobal Business Travel Group	0.5%	—	914,066	—	$8.6M
COMPCompass Inc	0.5%	—	670,296	—	$8.3M
TWOTwo Harbors Investment Corp.	0.5%	0.4%	661,234	-0.5%	$8.2M
APGEApogee Therapeutics Inc	0.5%	—	57,900	—	$7.7M

What Alpine Associates Management Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +2.1% /yr; S&P 500 +22.0%
3 years: +5.0% /yr; S&P 500 +17.9%
5 years: +1.7% /yr; S&P 500 +8.3%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.6B	66
Q1 2026	$1.7B	70
Q4 2025	$1.5B	66
Q3 2025	$1.6B	66
Q2 2025	$1.9B	49
Q1 2025	$1.9B	45
Q4 2024	$1.6B	42
Q3 2024	$2.2B	49
Q2 2024	$2.1B	42
Q1 2024	$2.6B	40
Q4 2023	$2.0B	37
Q3 2023	$1.9B	35

Questions about Alpine Associates Management Inc.'s portfolio

What stocks does Alpine Associates Management Inc. own?

Alpine Associates Management Inc.'s latest 13F, for Q2 2026 and filed Aug 6, 2026, lists 66 positions worth $1.6B. The largest are Norfolk Southn Corp (NSC) at 9.1%, Chart Inds Inc (GTLS) at 6.5%, Qorvo Inc (QRVO) at 4.7%, Silicon Laboratories Inc (SLAB) at 4.1% and Unifirst Corp Mass (UNF) at 3.9%.

What did Alpine Associates Management Inc. buy last quarter?

In Q2 2026, Alpine Associates Management Inc. added Webster Finl Corp (WBS) (+82.0% shares), International Money Express (IMXI) (+64.3% shares) and Penumbra Inc (PEN) (+43.2% shares), compared with its Q1 2026 filing.

What did Alpine Associates Management Inc. sell last quarter?

In Q2 2026, Alpine Associates Management Inc. cut from its top 50 Air Lease Corp (AL), cut from its top 50 Arcellx Inc (ACLX), cut from its top 50 Apellis Pharmaceuticals Inc (APLS), cut from its top 50 Centessa Pharmaceuticals PLC (CNTA), cut from its top 50 Masimo Corp (MASI), Allied Gold Corp (AAUC) (-53.2% shares), Sunococorp LLC (SUNC) (-31.7% shares) and Zim Integrated Shipping Serv (ZIM) (-20.8% shares), compared with its Q1 2026 filing.

How has Alpine Associates Management Inc.'s portfolio performed?

A portfolio copying Alpine Associates Management Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +5.0% a year over the last 3 years, against +17.9% for the S&P 500. Over 1 year: +2.1% against +22.0%. Over 5 years: +1.7% a year against +8.3%.

When is Alpine Associates Management Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Alpine Associates Management Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Alpine Associates Management Inc. manage?

Alpine Associates Management Inc. reported $2.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.6B.