Alpine Associates Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Alpine Associates Management Inc. reported 39 stock positions worth $2.6 billion. Its top holding was Hess (HES) at 10.1% of the portfolio, followed by Pioneer Natural Resources (PXD, 7.2%) and Ansys (ANSS, 7.2%). Compared with Q4 2023, it opened 23 new positions, sold out of 20, added to 8 and reduced 7. The biggest buy was a new position in Ansys (ANSS) and the biggest sale an exit from Splunk (SPLK).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH, FL
- CIK
- 0001396835
- Portfolio Value
- $2.6B (Q1 2024)
- SEC Filing
- 0001396835-24-000007 ↗ filed May 9, 2024
Holdings Value
Holdings 39 stocks · $2.6B
| HES Hess Corp. | 10.13% | 1,702,300 | $259.8M | Add +3.5% |
| PXD Pioneer Natural Resources Co. | 7.21% | 704,050 | $184.8M | Add +64.3% |
| ANSS Ansys Inc. | 7.19% | 530,948 | $184.3M | New |
| DFS Discover Financial Services | 5.11% | 999,607 | $131.0M | New |
| AXONICS INC | 4.88% | 1,814,771 | $125.2M | New |
| AEL American National Group Inc. | 4.72% | 2,151,120 | $120.9M | Add +26.6% |
| AMED Amedisys Inc. | 4.56% | 1,269,897 | $117.0M | Reduce -0.1% |
| CTLT Catalent Inc. | 4.37% | 1,985,551 | $112.1M | New |
| ACI Albertsons Cos Inc. Class A | 3.90% | 4,667,734 | $100.1M | Add +6.0% |
| CERE Cerevel Therapeutics Holding | 3.86% | 2,341,394 | $99.0M | Add +42.4% |
| X United States Steel Corp. | 3.74% | 2,351,132 | $95.9M | Add +208.4% |
| CPE Callon Petroleum Co. | 3.34% | 2,393,242 | $85.6M | New |
| DOOR Masonite International Corp. | 3.28% | 639,895 | $84.1M | New |
| JNPR Juniper Networks Inc. | 3.15% | 2,176,764 | $80.7M | New |
| MGRC McGrath Rentcorp | 3.12% | 647,487 | $79.9M | New |
| CPRI Capri Holdings Ltd. | 2.65% | 1,500,714 | $68.0M | Reduce -38.7% |
| OLK Olink Holding AB - ADR | 2.37% | 2,582,345 | $60.7M | Add +37.3% |
| TCN Tricon Residential Inc. | 1.86% | 4,286,742 | $47.8M | New |
| SP SP Plus Corp. | 1.86% | 911,183 | $47.6M | Reduce -8.8% |
| ETRN Equitrans Midstream Corp. | 1.80% | 3,703,187 | $46.3M | New |
| INHIBRX INC | 1.44% | 1,054,475 | $36.9M | New |
| NGMS Neogames SA | 1.41% | 1,244,339 | $36.0M | Reduce -0.1% |
| ERF Enerplus Corp. | 1.37% | 1,788,406 | $35.2M | New |
| SIMO Silicon Motion Technol-ADR | 1.30% | 434,621 | $33.4M | Reduce -54.5% |
| STER Sterling Check Corp. | 1.25% | 1,990,320 | $32.0M | New |
| CMBT CMB Tech NV filed as EURONAV NV | 1.22% | 1,758,043 | $31.4M | Reduce -10.1% |
| VZIO Vizio Holding Corp. Class A | 1.20% | 2,808,648 | $30.7M | New |
| EVBG Everbridge Inc. | 1.16% | 852,624 | $29.7M | New |
| M D C HLDGS INC | 1.15% | 468,382 | $29.5M | New |
| HOLI Hollysys Automation Technolo | 0.94% | 941,073 | $24.1M | Reduce -36.8% |
| HA Hawaiian Holdings Inc. | 0.91% | 1,756,508 | $23.4M | Add +66.7% |
| HAYN Haynes International Inc. | 0.83% | 353,360 | $21.2M | New |
| SWN Southwestern Energy Co. | 0.60% | 2,042,022 | $15.5M | New |
| SPR Spirit Aerosystems Hold Class A | 0.49% | 351,562 | $12.7M | New |
| FUSN Fusion Pharmaceuticals Inc. | 0.49% | 585,102 | $12.5M | New |
| TGAN Transphorm Inc. | 0.47% | 2,466,977 | $12.1M | New |
| LBAI Lakeland Bancorp Inc. | 0.24% | 508,624 | $6.2M | No change |
| NWLI National Western Life Grou-A | 0.21% | 11,148 | $5.5M | New |
| EAGLE BULK SHIPPING INC | 0.21% | 85,059 | $5.3M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 127,258 | $1.9M | No change |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q4 2023 → Q1 2024
| SPLK Splunk Inc. | Sold out | 0.00% | −10.04 |
| MRTX Mirati Therapeutics Inc. | Sold out | 0.00% | −5.67 |
| SOVO Sovos Brands Inc. | Sold out | 0.00% | −4.52 |
| CPRI Capri Holdings Ltd. | Reduce -38.7% | 2.65% | −3.66 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −3.62 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −2.68 |
| RYZB Rayzebio Inc. | Sold out | 0.00% | −2.43 |
| TGH Textainer Group Holdings Ltd. | Sold out | 0.00% | −2.37 |
| SIMO Silicon Motion Technol-ADR | Reduce -54.5% | 1.30% | −1.70 |
| AMED Amedisys Inc. | Reduce -0.1% | 4.56% | −1.64 |
| BVH Bluegreen Vacations Holding | Sold out | 0.00% | −1.36 |
| IRBTQ Irobot Corp. | Sold out | 0.00% | −1.19 |
| ICVX Icosavax Inc. | Sold out | 0.00% | −1.18 |
| HOLI Hollysys Automation Technolo | Reduce -36.8% | 0.94% | −1.07 |
| RPT REALTY | Sold out | 0.00% | −0.96 |
| SP SP Plus Corp. | Reduce -8.8% | 1.86% | −0.77 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −0.77 |
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −0.73 |
| GRCL Gracell Biotechnologies-ADR | Sold out | 0.00% | −0.66 |
| SAVEQ Spirit Airlines Inc. | Sold out | 0.00% | −0.54 |
| CMBT CMB Tech NV | Reduce -10.1% | 1.22% | −0.54 |
| NGMS Neogames SA | Reduce -0.1% | 1.41% | −0.42 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −0.42 |
| CRESCENT PT ENERGY CORP | Sold out | 0.00% | −0.33 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.24 |
| ROVR Rover Group Inc. | Sold out | 0.00% | −0.23 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2023 → Q1 2024
| ANSS Ansys Inc. | New | 7.19% | +7.19 |
| DFS Discover Financial Services | New | 5.11% | +5.11 |
| AXONICS INC | New | 4.88% | +4.88 |
| CTLT Catalent Inc. | New | 4.37% | +4.37 |
| CPE Callon Petroleum Co. | New | 3.34% | +3.34 |
| DOOR Masonite International Corp. | New | 3.28% | +3.28 |
| JNPR Juniper Networks Inc. | New | 3.15% | +3.15 |
| MGRC McGrath Rentcorp | New | 3.12% | +3.12 |
| PXD Pioneer Natural Resources Co. | Add +64.3% | 7.21% | +2.26 |
| TCN Tricon Residential Inc. | New | 1.86% | +1.86 |
| X United States Steel Corp. | Add +208.4% | 3.74% | +1.84 |
| ETRN Equitrans Midstream Corp. | New | 1.80% | +1.80 |
| INHIBRX INC | New | 1.44% | +1.44 |
| ERF Enerplus Corp. | New | 1.37% | +1.37 |
| STER Sterling Check Corp. | New | 1.25% | +1.25 |
| VZIO Vizio Holding Corp. Class A | New | 1.20% | +1.20 |
| EVBG Everbridge Inc. | New | 1.16% | +1.16 |
| M D C HLDGS INC | New | 1.15% | +1.15 |
| HAYN Haynes International Inc. | New | 0.83% | +0.83 |
| SWN Southwestern Energy Co. | New | 0.60% | +0.60 |
| SPR Spirit Aerosystems Hold Class A | New | 0.49% | +0.49 |
| FUSN Fusion Pharmaceuticals Inc. | New | 0.49% | +0.49 |
| TGAN Transphorm Inc. | New | 0.47% | +0.47 |
| CERE Cerevel Therapeutics Holding | Add +42.4% | 3.86% | +0.28 |
| NWLI National Western Life Grou-A | New | 0.21% | +0.21 |
| EAGLE BULK SHIPPING INC | New | 0.21% | +0.21 |
| HA Hawaiian Holdings Inc. | Add +66.7% | 0.91% | +0.15 |
| OLK Olink Holding AB - ADR | Add +37.3% | 2.37% | −0.06 |
| AEL American National Group Inc. | Add +26.6% | 4.72% | −0.15 |
| ACI Albertsons Cos Inc. Class A | Add +6.0% | 3.90% | −1.29 |
| HES Hess Corp. | Add +3.5% | 10.13% | −2.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $1.6B | NSC, GTLS, QRVO, SLAB, UNF |
| Q1 2026 | 69 | $1.7B | NSC, AL, GTLS, EA, QRVO |
| Q4 2025 | 65 | $1.5B | NSC, GTLS, CYBR, EXAS, NGD |
| Q3 2025 | 65 | $1.6B | NSC, VRNA, K, GTLS, SPR |
| Q2 2025 | 47 | $1.9B | HES, ANSS, BPMC, K, SPR |
| Q1 2025 | 44 | $1.9B | HES, DFS, ANSS, SPR, K |
| Q4 2024 | 41 | $1.6B | HES, DFS, ANSS, SPR, JNPR |
| Q3 2024 | 48 | $2.2B | HES, AXONICS INC, ANSS, CTLT, DFS |
| Q2 2024 | 41 | $2.1B | HES, AXONICS INC, ANSS, AMED, CTLT |
| Q1 2024 | 39 | $2.6B | HES, PXD, ANSS, DFS, AXONICS INC |