ACR Alpine Capital Research, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), ACR Alpine Capital Research, LLC reported 38 stock positions worth $4.6 billion. Its top holding was Goldman Sachs Access Treasur (GBIL) at 11.1% of the portfolio, followed by Citigroup (C, 8.8%) and General Motors (GM, 8.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 20 and reduced 15. The biggest buy was Dollar General (DG, shares +8426%) and the biggest sale Goldman Sachs Access Treasur (GBIL, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001508822
- Portfolio Value
- $4.6B (Q4 2024)
- SEC Filing
- 0001085146-25-000833 ↗ filed Feb 6, 2025
Holdings Value
Holdings 38 stocks · $4.6B
| GBIL Goldman Sachs Access Treasur | 11.14% | 5,145,235 | $514.1M | Reduce -16.6% |
| C Citigroup Inc. | 8.78% | 5,760,128 | $405.5M | Add +42.5% |
| GM General Motors Co. | 8.54% | 7,397,404 | $394.1M | Add +39.8% |
| CVX Chevron Corp. | 6.78% | 2,159,396 | $312.8M | Add +51.5% |
| JPM JPMorgan Chase & Co. | 6.73% | 1,296,290 | $310.7M | Add +30.0% |
| DG Dollar General Corp. | 6.64% | 4,041,471 | $306.4M | Add +8426.1% |
| MSFT Microsoft Corp. | 6.33% | 693,056 | $292.1M | Add +53.6% |
| JNJ Johnson & Johnson | 5.77% | 1,840,237 | $266.1M | Add +55.4% |
| FDX FedEx Corp. | 5.20% | 852,767 | $239.9M | Add +62.9% |
| MGA Magna International Inc. | 5.01% | 5,535,698 | $231.3M | Reduce -1.7% |
| LEN Lennar Corp. Class A | 4.91% | 1,663,322 | $226.8M | Add +99.4% |
| LBTYA Liberty Global Ltd. Class A | 4.80% | 17,376,978 | $221.7M | Add +333.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.49% | 457,508 | $207.4M | Reduce -2.1% |
| THO Thor Industries Inc. | 4.44% | 2,142,966 | $205.1M | Add +40.6% |
| VOD Vodafone Group PLC-SP ADR | 4.05% | 22,006,311 | $186.8M | Add +0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.18% | 148 | $100.8M | New |
| LBTYK Liberty Global Ltd. Class C | 2.13% | 7,475,928 | $98.2M | Reduce -4.7% |
| RPV Invesco S&P 500 Pure Value E | 0.45% | 229,614 | $20.7M | Add +159.8% |
| BCS Barclays PLC-Spons ADR | 0.27% | 936,922 | $12.5M | Reduce -8.2% |
| DELL Dell Technologies -C | 0.23% | 90,396 | $10.4M | Add +5.9% |
| JEF Jefferies Financial Group Inc. | 0.18% | 106,814 | $8.4M | Reduce -25.5% |
| SNREY Sunrise Communicat Class A | 0.13% | 137,571 | $5.9M | New |
| MGM MGM Resorts International | 0.12% | 161,990 | $5.6M | Add +23.3% |
| LEN.B Lennar Corp. Class B | 0.11% | 38,723 | $5.1M | Add +0.0% |
| PPLI People Inc. filed as IAC INC | 0.08% | 87,610 | $3.8M | Reduce -1.1% |
| FPH Five Point Holdings LLC Class A | 0.08% | 965,658 | $3.7M | Reduce -12.0% |
| MRK Merck & Co. Inc. | 0.06% | 27,539 | $2.7M | Add +76.3% |
| LILAK Liberty Latin Americ Class C | 0.06% | 430,914 | $2.7M | Reduce -1.2% |
| SMBC Southern Missouri Bancorp | 0.06% | 47,476 | $2.7M | Reduce -22.2% |
| TLN Talen Energy Corp. | 0.05% | 12,031 | $2.4M | New |
| HHH Howard Hughes Holdings Inc. | 0.05% | 30,365 | $2.3M | Add +1.9% |
| HES Hess Corp. | 0.04% | 14,939 | $2.0M | Add +2.4% |
| ARW Arrow Electronics Inc. | 0.04% | 17,327 | $2.0M | Add +31.5% |
| CORZ Core Scientific Inc. | 0.04% | 123,000 | $1.7M | Reduce -30.1% |
| CRK Comstock Resources Inc. | 0.01% | 32,738 | $596K | Reduce -72.9% |
| SLDP Solid Power Inc. | 0.00% | 85,000 | $161K | Reduce -50.0% |
| EARN Ellington Credit Co. | 0.00% | 11,978 | $79K | Reduce -2.1% |
| NINEQ Nine Energy Service Inc. | 0.00% | 15,000 | $17K | Reduce -40.0% |
Portfolio Sells Q3 2024 → Q4 2024
| GBIL Goldman Sachs Access Treasur | Reduce -16.6% | 11.14% | −7.13 |
| LBTYK Liberty Global Ltd. Class C | Reduce -4.7% | 2.13% | −2.88 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.1% | 4.49% | −1.85 |
| MGA Magna International Inc. | Reduce -1.7% | 5.01% | −1.81 |
| BCS Barclays PLC-Spons ADR | Reduce -8.2% | 0.27% | −0.10 |
| JEF Jefferies Financial Group Inc. | Reduce -25.5% | 0.18% | −0.08 |
| LILAK Liberty Latin Americ Class C | Reduce -1.2% | 0.06% | −0.06 |
| PPLI People Inc. | Reduce -1.1% | 0.08% | −0.06 |
| FPH Five Point Holdings LLC Class A | Reduce -12.0% | 0.08% | −0.06 |
| SMBC Southern Missouri Bancorp | Reduce -22.2% | 0.06% | −0.04 |
| NRDY Nerdy Inc. | Sold out | 0.00% | −0.03 |
| CRK Comstock Resources Inc. | Reduce -72.9% | 0.01% | −0.03 |
| CORZ Core Scientific Inc. | Reduce -30.1% | 0.04% | −0.02 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.01 |
| SLDP Solid Power Inc. | Reduce -50.0% | 0.00% | −0.00 |
| EARN Ellington Credit Co. | Reduce -2.1% | 0.00% | −0.00 |
| NINEQ Nine Energy Service Inc. | Reduce -40.0% | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| DG Dollar General Corp. | Add +8426.1% | 6.64% | +6.52 |
| LBTYA Liberty Global Ltd. Class A | Add +333.3% | 4.80% | +2.30 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 2.18% | +2.18 |
| GM General Motors Co. | Add +39.8% | 8.54% | +1.53 |
| C Citigroup Inc. | Add +42.5% | 8.78% | +1.31 |
| FDX FedEx Corp. | Add +62.9% | 5.20% | +0.97 |
| MSFT Microsoft Corp. | Add +53.6% | 6.33% | +0.60 |
| CVX Chevron Corp. | Add +51.5% | 6.78% | +0.58 |
| JPM JPMorgan Chase & Co. | Add +30.0% | 6.73% | +0.53 |
| LEN Lennar Corp. Class A | Add +99.4% | 4.91% | +0.30 |
| RPV Invesco S&P 500 Pure Value E | Add +159.8% | 0.45% | +0.22 |
| SNREY Sunrise Communicat Class A | New | 0.13% | +0.13 |
| JNJ Johnson & Johnson | Add +55.4% | 5.77% | +0.10 |
| TLN Talen Energy Corp. | New | 0.05% | +0.05 |
| MRK Merck & Co. Inc. | Add +76.3% | 0.06% | +0.01 |
| ARW Arrow Electronics Inc. | Add +31.5% | 0.04% | −0.01 |
| HES Hess Corp. | Add +2.4% | 0.04% | −0.02 |
| HHH Howard Hughes Holdings Inc. | Add +1.9% | 0.05% | −0.02 |
| MGM MGM Resorts International | Add +23.3% | 0.12% | −0.03 |
| DELL Dell Technologies -C | Add +5.9% | 0.23% | −0.07 |
| LEN.B Lennar Corp. Class B | Add +0.0% | 0.11% | −0.09 |
| THO Thor Industries Inc. | Add +40.6% | 4.44% | −0.50 |
| VOD Vodafone Group PLC-SP ADR | Add +0.5% | 4.05% | −2.43 |
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 |