ACR Alpine Capital Research, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), ACR Alpine Capital Research, LLC reported 36 stock positions worth $6.7 billion. Its top holding was Goldman Sachs Access Treasur (GBIL) at 16.7% of the portfolio, followed by Chevron (CVX, 8.5%) and Johnson & Johnson (JNJ, 7.9%). Compared with Q4 2025, it opened 4 new positions, sold out of 2, added to 20 and reduced 9. The biggest buy was Goldman Sachs Access Treasur (GBIL, shares +37%) and the biggest sale Dollar General (DG, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001508822
- Portfolio Value
- $6.7B (Q1 2026)
- SEC Filing
- 0001508822-26-000004 ↗ filed Apr 30, 2026
Holdings Value
Holdings 36 stocks · $6.7B
| GBIL Goldman Sachs Access Treasur | 16.65% | 11,133,728 | $1.1B | Add +37.2% |
| CVX Chevron Corp. | 8.49% | 2,748,684 | $568.7M | Add +1.4% |
| JNJ Johnson & Johnson | 7.87% | 2,157,384 | $527.4M | Reduce -3.6% |
| ARW Arrow Electronics Inc. | 7.66% | 3,578,313 | $513.2M | Add +3.9% |
| VOD Vodafone Group PLC-SP ADR | 6.02% | 26,854,952 | $403.4M | Add +3.0% |
| C Citigroup Inc. | 6.00% | 3,544,555 | $402.0M | Reduce -1.3% |
| FDX FedEx Corp. | 5.97% | 1,123,684 | $400.2M | Reduce -35.4% |
| THO Thor Industries Inc. | 5.85% | 4,903,124 | $391.7M | Add +18.6% |
| LEN Lennar Corp. Class A | 5.46% | 4,212,111 | $365.8M | Add +31.0% |
| MSFT Microsoft Corp. | 5.42% | 981,646 | $363.4M | Add +41.2% |
| GM General Motors Co. | 4.48% | 4,025,668 | $299.9M | Reduce -14.1% |
| JPM JPMorgan Chase & Co. | 4.30% | 978,495 | $287.8M | Add +0.1% |
| LBTYA Liberty Global Ltd. Class A | 4.27% | 23,644,817 | $285.9M | Add +9.7% |
| MGA Magna International Inc. | 4.04% | 4,847,446 | $270.5M | Reduce -19.3% |
| DG Dollar General Corp. | 1.99% | 1,122,565 | $133.3M | Reduce -57.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.61% | 224,661 | $107.7M | Reduce -0.1% |
| LBTYK Liberty Global Ltd. Class C | 1.21% | 6,884,624 | $80.8M | Add +7.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.91% | 85 | $61.0M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.39% | 261,367 | $26.3M | Add +61.0% |
| DELL Dell Technologies -C | 0.29% | 116,886 | $19.2M | Add +9.4% |
| PPLI People Inc. filed as IAC INC | 0.27% | 450,788 | $18.0M | Add +4.6% |
| BCS Barclays PLC-Spons ADR | 0.14% | 454,000 | $9.6M | No change |
| SMBC Southern Missouri Bancorp | 0.09% | 94,707 | $6.1M | Add +4.0% |
| FPH Five Point Holdings LLC Class A | 0.09% | 1,229,255 | $5.9M | Add +10.3% |
| JEF Jefferies Financial Group Inc. | 0.08% | 124,770 | $5.1M | Add +30.3% |
| MRK Merck & Co. Inc. | 0.07% | 39,449 | $4.7M | Add +6.9% |
| DHIL Diamond Hill Investment Grp | 0.06% | 23,754 | $4.1M | New |
| KW Kennedy-Wilson Holdings Inc. | 0.06% | 354,611 | $3.8M | Reduce -24.3% |
| LILAK Liberty Latin Americ Class C | 0.05% | 416,217 | $3.7M | Reduce -0.4% |
| MGM MGM Resorts International | 0.05% | 90,436 | $3.3M | Add +38.1% |
| ZD Ziff Davis Inc. | 0.05% | 72,680 | $3.0M | New |
| LEN.B Lennar Corp. Class B | 0.04% | 33,955 | $2.9M | Add +12.5% |
| APG Api Group Corp. | 0.04% | 66,454 | $2.7M | Add +8.0% |
| ECHO Echostar Corp. Class A | 0.02% | 12,500 | $1.5M | New |
| NINE Nine Energy Service Inc. | 0.00% | 46,500 | $279K | New |
| NFE New Fortress Energy Inc. | 0.00% | 120,000 | $71K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| DG Dollar General Corp. | Reduce -57.3% | 1.99% | −3.45 |
| FDX FedEx Corp. | Reduce -35.4% | 5.97% | −1.86 |
| GM General Motors Co. | Reduce -14.1% | 4.48% | −1.46 |
| MGA Magna International Inc. | Reduce -19.3% | 4.04% | −0.95 |
| RPV Invesco S&P 500 Pure Value E | Sold out | 0.00% | −0.57 |
| C Citigroup Inc. | Reduce -1.3% | 6.00% | −0.53 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 1.61% | −0.16 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.08 |
| KW Kennedy-Wilson Holdings Inc. | Reduce -24.3% | 0.06% | −0.01 |
| LILAK Liberty Latin Americ Class C | Reduce -0.4% | 0.05% | +0.01 |
| JNJ Johnson & Johnson | Reduce -3.6% | 7.87% | +0.65 |
Portfolio Buys Q4 2025 → Q1 2026
| GBIL Goldman Sachs Access Treasur | Add +37.2% | 16.65% | +4.01 |
| CVX Chevron Corp. | Add +1.4% | 8.49% | +2.05 |
| ARW Arrow Electronics Inc. | Add +3.9% | 7.66% | +1.74 |
| VOD Vodafone Group PLC-SP ADR | Add +3.0% | 6.02% | +0.65 |
| LBTYA Liberty Global Ltd. Class A | Add +9.7% | 4.27% | +0.52 |
| LEN Lennar Corp. Class A | Add +31.0% | 5.46% | +0.31 |
| MSFT Microsoft Corp. | Add +41.2% | 5.42% | +0.18 |
| SGOV iShares 0-3 Month Treasury B | Add +61.0% | 0.39% | +0.14 |
| LBTYK Liberty Global Ltd. Class C | Add +7.3% | 1.21% | +0.10 |
| DELL Dell Technologies -C | Add +9.4% | 0.29% | +0.08 |
| DHIL Diamond Hill Investment Grp | New | 0.06% | +0.06 |
| ZD Ziff Davis Inc. | New | 0.05% | +0.05 |
| ECHO Echostar Corp. Class A | New | 0.02% | +0.02 |
| MGM MGM Resorts International | Add +38.1% | 0.05% | +0.01 |
| MRK Merck & Co. Inc. | Add +6.9% | 0.07% | +0.01 |
| PPLI People Inc. | Add +4.6% | 0.27% | +0.01 |
| SMBC Southern Missouri Bancorp | Add +4.0% | 0.09% | +0.01 |
| NINE Nine Energy Service Inc. | New | 0.00% | +0.00 |
| APG Api Group Corp. | Add +8.0% | 0.04% | +0.00 |
| LEN.B Lennar Corp. Class B | Add +12.5% | 0.04% | −0.00 |
| FPH Five Point Holdings LLC Class A | Add +10.3% | 0.09% | −0.01 |
| JEF Jefferies Financial Group Inc. | Add +30.3% | 0.08% | −0.02 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 4.30% | −0.61 |
| THO Thor Industries Inc. | Add +18.6% | 5.85% | −0.77 |
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 |