ACR Alpine Capital Research, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), ACR Alpine Capital Research, LLC reported 38 stock positions worth $7.0 billion. Its top holding was Goldman Sachs Access Treasur (GBIL) at 19.2% of the portfolio, followed by Johnson & Johnson (JNJ, 7.7%) and Chevron (CVX, 6.5%). Compared with Q1 2026, it opened 4 new positions, sold out of 3, added to 16 and reduced 15. The biggest buy was a new position in Elevance Health (ELV) and the biggest sale Arrow Electronics (ARW, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001508822
- Portfolio Value
- $7.0B (Q2 2026)
- SEC Filing
- 0001508822-26-000005 ↗ filed Jul 29, 2026
Holdings Value
Holdings 38 stocks · $7.0B
| GBIL Goldman Sachs Access Treasur | 19.21% | 13,511,909 | $1.4B | Add +21.4% |
| JNJ Johnson & Johnson | 7.74% | 2,146,488 | $545.1M | Reduce -0.5% |
| CVX Chevron Corp. | 6.54% | 2,780,991 | $461.0M | Add +1.2% |
| LEN Lennar Corp. Class A | 6.09% | 4,743,250 | $429.2M | Add +12.6% |
| MSFT Microsoft Corp. | 6.02% | 1,136,273 | $423.9M | Add +15.8% |
| THO Thor Industries Inc. | 5.90% | 5,527,556 | $415.5M | Add +12.7% |
| FDX FedEx Corp. | 4.94% | 1,112,339 | $348.3M | Reduce -1.0% |
| GM General Motors Co. | 4.87% | 4,447,271 | $342.8M | Add +10.5% |
| JPM JPMorgan Chase & Co. | 4.54% | 977,345 | $319.9M | Reduce -0.1% |
| VOD Vodafone Group PLC-SP ADR | 4.51% | 24,019,101 | $317.7M | Reduce -10.6% |
| MGA Magna International Inc. | 4.48% | 4,809,078 | $315.8M | Reduce -0.8% |
| ARW Arrow Electronics Inc. | 4.42% | 1,457,881 | $311.1M | Reduce -59.3% |
| C Citigroup Inc. | 4.12% | 2,075,702 | $290.5M | Reduce -41.4% |
| ELV Elevance Health Inc. | 4.05% | 737,922 | $285.4M | New |
| LBTYA Liberty Global Ltd. Class A | 3.81% | 23,595,165 | $268.3M | Reduce -0.2% |
| DG Dollar General Corp. | 2.82% | 1,727,299 | $198.8M | Add +53.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.73% | 243,736 | $122.0M | Add +8.5% |
| LBTYK Liberty Global Ltd. Class C | 1.38% | 8,841,834 | $97.3M | Add +28.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.90% | 85 | $63.7M | No change |
| DELL Dell Technologies -C | 0.36% | 58,798 | $25.4M | Reduce -49.7% |
| SGOV iShares 0-3 Month Treasury B | 0.31% | 216,767 | $21.8M | Reduce -17.1% |
| PPLI People Inc. | 0.19% | 291,826 | $13.5M | Reduce -35.3% |
| BCS Barclays PLC-Spons ADR | 0.17% | 454,000 | $12.2M | No change |
| CRK Comstock Resources Inc. | 0.12% | 546,413 | $8.2M | New |
| SMBC Southern Missouri Bancorp | 0.10% | 91,020 | $6.9M | Reduce -3.9% |
| FPH Five Point Holdings LLC Class A | 0.10% | 1,288,800 | $6.8M | Add +4.8% |
| ECHO Echostar Corp. Class A | 0.10% | 66,050 | $6.7M | Add +428.4% |
| JEF Jefferies Financial Group Inc. | 0.09% | 129,527 | $6.5M | Add +3.8% |
| MRK Merck & Co. Inc. | 0.08% | 41,146 | $5.3M | Add +4.3% |
| ZD Ziff Davis Inc. | 0.06% | 86,526 | $4.5M | Add +19.1% |
| MGM MGM Resorts International | 0.06% | 92,792 | $4.4M | Add +2.6% |
| LEN.B Lennar Corp. Class B | 0.05% | 40,626 | $3.6M | Add +19.6% |
| APG Api Group Corp. | 0.04% | 66,358 | $2.8M | Reduce -0.1% |
| LILAK Liberty Latin Americ Class C | 0.04% | 354,642 | $2.8M | Reduce -14.8% |
| TLN Talen Energy Corp. | 0.04% | 6,500 | $2.5M | New |
| RPV Invesco S&P 500 Pure Value E | 0.01% | 4,173 | $475K | New |
| FDXF FedEx Freight Holding Co. | 0.00% | 1,533 | $231K | Reduce -99.7% |
| NFE New Fortress Energy Inc. | 0.00% | 120,000 | $44K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| ARW Arrow Electronics Inc. | Reduce -59.3% | 4.42% | −3.24 |
| C Citigroup Inc. | Reduce -41.4% | 4.12% | −1.88 |
| VOD Vodafone Group PLC-SP ADR | Reduce -10.6% | 4.51% | −1.51 |
| FDXF FedEx Freight Holding Co. | Reduce -99.7% | 0.00% | −1.26 |
| FDX FedEx Corp. | Reduce -1.0% | 4.94% | −1.03 |
| LBTYA Liberty Global Ltd. Class A | Reduce -0.2% | 3.81% | −0.46 |
| JNJ Johnson & Johnson | Reduce -0.5% | 7.74% | −0.13 |
| SGOV iShares 0-3 Month Treasury B | Reduce -17.1% | 0.31% | −0.08 |
| PPLI People Inc. | Reduce -35.3% | 0.19% | −0.08 |
| DHIL Diamond Hill Investment Grp | Sold out | 0.00% | −0.06 |
| KW Kennedy-Wilson Holdings Inc. | Sold out | 0.00% | −0.06 |
| LILAK Liberty Latin Americ Class C | Reduce -14.8% | 0.04% | −0.02 |
| NINE Nine Energy Service Inc. | Sold out | 0.00% | −0.00 |
| APG Api Group Corp. | Reduce -0.1% | 0.04% | −0.00 |
| SMBC Southern Missouri Bancorp | Reduce -3.9% | 0.10% | +0.01 |
| DELL Dell Technologies -C | Reduce -49.7% | 0.36% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 4.54% | +0.24 |
| MGA Magna International Inc. | Reduce -0.8% | 4.48% | +0.44 |
Portfolio Buys Q1 2026 → Q2 2026
| ELV Elevance Health Inc. | New | 4.05% | +4.05 |
| GBIL Goldman Sachs Access Treasur | Add +21.4% | 19.21% | +2.56 |
| DG Dollar General Corp. | Add +53.9% | 2.82% | +0.83 |
| LEN Lennar Corp. Class A | Add +12.6% | 6.09% | +0.63 |
| MSFT Microsoft Corp. | Add +15.8% | 6.02% | +0.59 |
| GM General Motors Co. | Add +10.5% | 4.87% | +0.39 |
| LBTYK Liberty Global Ltd. Class C | Add +28.4% | 1.38% | +0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.5% | 1.73% | +0.12 |
| CRK Comstock Resources Inc. | New | 0.12% | +0.12 |
| ECHO Echostar Corp. Class A | Add +428.4% | 0.10% | +0.07 |
| THO Thor Industries Inc. | Add +12.7% | 5.90% | +0.05 |
| TLN Talen Energy Corp. | New | 0.04% | +0.04 |
| ZD Ziff Davis Inc. | Add +19.1% | 0.06% | +0.02 |
| JEF Jefferies Financial Group Inc. | Add +3.8% | 0.09% | +0.01 |
| MGM MGM Resorts International | Add +2.6% | 0.06% | +0.01 |
| LEN.B Lennar Corp. Class B | Add +19.6% | 0.05% | +0.01 |
| FPH Five Point Holdings LLC Class A | Add +4.8% | 0.10% | +0.01 |
| RPV Invesco S&P 500 Pure Value E | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | Add +4.3% | 0.08% | +0.00 |
| CVX Chevron Corp. | Add +1.2% | 6.54% | −1.95 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $7.0B | GBIL, JNJ, CVX, LEN, MSFT |
| Q1 2026 | 36 | $6.7B | GBIL, CVX, JNJ, ARW, VOD |
| Q4 2025 | 34 | $6.4B | GBIL, FDX, JNJ, THO, C |
| Q3 2025 | 35 | $5.9B | GBIL, GM, THO, JNJ, FDX |
| Q2 2025 | 36 | $5.6B | GBIL, C, DG, THO, GM |
| Q1 2025 | 41 | $4.8B | GBIL, FDX, JNJ, DG, C |
| Q4 2024 | 38 | $4.6B | GBIL, C, GM, CVX, JPM |
| Q3 2024 | 37 | $3.4B | GBIL, C, GM, MGA, VOD |
| Q2 2024 | 35 | $3.2B | GBIL, C, GM, BRK.B, MGA |
| Q1 2024 | 39 | $3.3B | GBIL, C, GM, BRK.B, MGA |