ACR Alpine Capital Research, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), ACR Alpine Capital Research, LLC reported 36 stock positions worth $5.6 billion. Its top holding was Goldman Sachs Access Treasur (GBIL) at 9.0% of the portfolio, followed by Citigroup (C, 8.7%) and Dollar General (DG, 8.6%). Compared with Q1 2025, it sold out of 5, added to 26 and reduced 6. The biggest buy was Arrow Electronics (ARW, shares +2392%) and the biggest sale General Motors (GM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001508822
- Portfolio Value
- $5.6B (Q2 2025)
- SEC Filing
- 0001085146-25-004431 ↗ filed Aug 1, 2025
Holdings Value
Holdings 36 stocks · $5.6B
| GBIL Goldman Sachs Access Treasur | 8.95% | 4,993,717 | $500.1M | Add +19.5% |
| C Citigroup Inc. | 8.68% | 5,695,946 | $484.8M | Add +10.0% |
| DG Dollar General Corp. | 8.56% | 4,177,842 | $477.9M | Reduce -0.5% |
| THO Thor Industries Inc. | 6.78% | 4,265,031 | $378.8M | Add +22.5% |
| GM General Motors Co. | 6.78% | 7,690,243 | $378.4M | Reduce -0.0% |
| FDX FedEx Corp. | 6.49% | 1,594,721 | $362.5M | Add +0.6% |
| MSFT Microsoft Corp. | 6.34% | 712,318 | $354.3M | Add +1.6% |
| CVX Chevron Corp. | 6.20% | 2,419,150 | $346.4M | Add +10.3% |
| JNJ Johnson & Johnson | 6.10% | 2,228,942 | $340.5M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 5.91% | 1,139,366 | $330.3M | Add +1.3% |
| LEN Lennar Corp. Class A | 5.85% | 2,955,813 | $326.9M | Add +10.3% |
| VOD Vodafone Group PLC-SP ADR | 4.94% | 25,866,761 | $275.7M | Add +0.7% |
| ARW Arrow Electronics Inc. | 4.92% | 2,156,373 | $274.8M | Add +2391.7% |
| MGA Magna International Inc. | 4.16% | 6,018,606 | $232.4M | Add +0.6% |
| LBTYA Liberty Global Ltd. Class A | 3.68% | 20,518,151 | $205.4M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.97% | 226,321 | $109.9M | Reduce -1.3% |
| LBTYK Liberty Global Ltd. Class C | 1.33% | 7,188,227 | $74.1M | Reduce -1.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.11% | 85 | $61.9M | No change |
| DELL Dell Technologies -C | 0.23% | 104,395 | $12.8M | Reduce -2.1% |
| BCS Barclays PLC-Spons ADR | 0.22% | 658,122 | $12.2M | Reduce -17.0% |
| PPLI People Inc. filed as IAC INC | 0.11% | 168,437 | $6.3M | Add +2.9% |
| MGM MGM Resorts International | 0.11% | 175,194 | $6.0M | Add +1.1% |
| FPH Five Point Holdings LLC Class A | 0.10% | 1,008,398 | $5.5M | Add +1.0% |
| CORZ Core Scientific Inc. | 0.07% | 233,000 | $4.0M | Add +12.0% |
| LEN.B Lennar Corp. Class B | 0.07% | 35,761 | $3.8M | Add +7.2% |
| LILAK Liberty Latin Americ Class C | 0.07% | 588,958 | $3.7M | Add +38.1% |
| JEF Jefferies Financial Group Inc. | 0.05% | 53,280 | $2.9M | Add +47.4% |
| MRK Merck & Co. Inc. | 0.05% | 33,822 | $2.7M | Add +2.1% |
| SMBC Southern Missouri Bancorp | 0.05% | 48,565 | $2.7M | Add +0.1% |
| HES Hess Corp. | 0.04% | 16,367 | $2.3M | Add +1.3% |
| APG Api Group Corp. | 0.04% | 39,472 | $2.0M | Add +49.0% |
| RPV Invesco S&P 500 Pure Value E | 0.04% | 21,062 | $2.0M | Add +414.8% |
| KW Kennedy-Wilson Holdings Inc. | 0.02% | 181,868 | $1.2M | Add +60.3% |
| SLDP Solid Power Inc. | 0.00% | 85,000 | $186K | No change |
| EARN Ellington Credit Co. | 0.00% | 11,978 | $69K | No change |
| NINEQ Nine Energy Service Inc. | 0.00% | 15,000 | $12K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| GM General Motors Co. | Reduce -0.0% | 6.78% | −0.79 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 1.97% | −0.59 |
| LBTYK Liberty Global Ltd. Class C | Reduce -1.6% | 1.33% | −0.50 |
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −0.11 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.05 |
| BCS Barclays PLC-Spons ADR | Reduce -17.0% | 0.22% | −0.04 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.03 |
| ANGI Angi Inc. | Sold out | 0.00% | −0.03 |
| CRK Comstock Resources Inc. | Sold out | 0.00% | −0.01 |
| DELL Dell Technologies -C | Reduce -2.1% | 0.23% | +0.03 |
| DG Dollar General Corp. | Reduce -0.5% | 8.56% | +0.83 |
Portfolio Buys Q1 2025 → Q2 2025
| ARW Arrow Electronics Inc. | Add +2391.7% | 4.92% | +4.73 |
| THO Thor Industries Inc. | Add +22.5% | 6.78% | +1.26 |
| C Citigroup Inc. | Add +10.0% | 8.68% | +0.99 |
| MSFT Microsoft Corp. | Add +1.6% | 6.34% | +0.84 |
| GBIL Goldman Sachs Access Treasur | Add +19.5% | 8.95% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +1.3% | 5.91% | +0.14 |
| CORZ Core Scientific Inc. | Add +12.0% | 0.07% | +0.04 |
| RPV Invesco S&P 500 Pure Value E | Add +414.8% | 0.04% | +0.03 |
| APG Api Group Corp. | Add +49.0% | 0.04% | +0.02 |
| JEF Jefferies Financial Group Inc. | Add +47.4% | 0.05% | +0.01 |
| LILAK Liberty Latin Americ Class C | Add +38.1% | 0.07% | +0.01 |
| KW Kennedy-Wilson Holdings Inc. | Add +60.3% | 0.02% | +0.00 |
| MGM MGM Resorts International | Add +1.1% | 0.11% | +0.00 |
| SMBC Southern Missouri Bancorp | Add +0.1% | 0.05% | −0.01 |
| LEN.B Lennar Corp. Class B | Add +7.2% | 0.07% | −0.01 |
| FPH Five Point Holdings LLC Class A | Add +1.0% | 0.10% | −0.01 |
| HES Hess Corp. | Add +1.3% | 0.04% | −0.01 |
| MRK Merck & Co. Inc. | Add +2.1% | 0.05% | −0.01 |
| PPLI People Inc. | Add +2.9% | 0.11% | −0.04 |
| MGA Magna International Inc. | Add +0.6% | 4.16% | −0.09 |
| VOD Vodafone Group PLC-SP ADR | Add +0.7% | 4.94% | −0.10 |
| LEN Lennar Corp. Class A | Add +10.3% | 5.85% | −0.58 |
| LBTYA Liberty Global Ltd. Class A | Add +3.4% | 3.68% | −1.10 |
| CVX Chevron Corp. | Add +10.3% | 6.20% | −1.48 |
| FDX FedEx Corp. | Add +0.6% | 6.49% | −1.59 |
| JNJ Johnson & Johnson | Add +0.1% | 6.10% | −1.63 |
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 |