Alpine Fox Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Alpine Fox Capital LLC reported 19 stock positions worth $148.4 million. Its top holding was Cipher Digital (CIFR) at 39.0% of the portfolio, followed by Iren (IREN, 19.1%) and Constellation Brands Class A (STZ, 9.3%). Compared with Q3 2025, it opened 10 new positions, sold out of 1, added to 5 and reduced 1. The biggest buy was a new position in Canadian Pacific Kansas City (CP) and the biggest sale Cipher Digital (CIFR, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- LAS VEGAS, NV
- CIK
- 0002096493
- Portfolio Value
- $148.4M (Q4 2025)
- SEC Filing
- 0002096493-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 19 stocks · $148.4M
| CIFR Cipher Digital Inc. | 39.02% | 3,922,000 | $57.9M | Reduce -21.6% |
| IREN Iren Ltd. filed as IREN LIMITED | 19.10% | 750,461 | $28.3M | No change |
| STZ Constellation Brands Inc. Class A | 9.30% | 100,000 | $13.8M | Add +48.1% |
| DEO Diageo PLC-Sponsored ADR | 7.09% | 122,000 | $10.5M | Add +408.3% |
| CP Canadian Pacific Kansas City | 5.96% | 120,000 | $8.8M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 5.14% | 150,000 | $7.6M | Add +145.9% |
| PEP Pepsico Inc. | 3.05% | 31,500 | $4.5M | New |
| ETHA iShares Ethereum Trust ETF | 2.15% | 142,000 | $3.2M | Add +102.9% |
| BMY Bristol-Myers Squibb Co. | 1.82% | 50,000 | $2.7M | New |
| LEN Lennar Corp. Class A | 1.73% | 25,000 | $2.6M | New |
| TGT Target Corp. | 1.65% | 25,000 | $2.4M | New |
| STRIVE INC | 1.57% | 3,150,345 | $2.3M | New |
| WULF Terawulf Inc. | 0.77% | 100,000 | $1.1M | New |
| REGN Regeneron Pharmaceuticals | 0.52% | 1,000 | $772K | No change |
| CLSK Cleanspark Inc. | 0.34% | 50,000 | $506K | Add +25.0% |
| BKKT Bakkt Inc. filed as BAKKT HOLDINGS INC | 0.27% | 40,000 | $402K | No change |
| BF.A Brown-Forman Corp. Class A | 0.23% | 13,000 | $342K | New |
| PYPL PayPal Holdings Inc. | 0.20% | 5,000 | $292K | New |
| OPEN Opendoor Technologies Inc. | 0.10% | 25,000 | $146K | New |
Options reported separately and not counted above: IBIT calls ($41.1M).
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| CP Canadian Pacific Kansas City | New | 5.96% | +5.96 |
| DEO Diageo PLC-Sponsored ADR | Add +408.3% | 7.09% | +5.16 |
| PEP Pepsico Inc. | New | 3.05% | +3.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +145.9% | 5.14% | +2.29 |
| BMY Bristol-Myers Squibb Co. | New | 1.82% | +1.82 |
| LEN Lennar Corp. Class A | New | 1.73% | +1.73 |
| TGT Target Corp. | New | 1.65% | +1.65 |
| STZ Constellation Brands Inc. Class A | Add +48.1% | 9.30% | +1.64 |
| STRIVE INC | New | 1.57% | +1.57 |
| WULF Terawulf Inc. | New | 0.77% | +0.77 |
| ETHA iShares Ethereum Trust ETF | Add +102.9% | 2.15% | +0.29 |
| BF.A Brown-Forman Corp. Class A | New | 0.23% | +0.23 |
| PYPL PayPal Holdings Inc. | New | 0.20% | +0.20 |
| OPEN Opendoor Technologies Inc. | New | 0.10% | +0.10 |
| CLSK Cleanspark Inc. | Add +25.0% | 0.34% | −0.15 |
Options Activity Q3 2025 → Q4 2025
| IBIT iShares Bitcoin Trust ETF | call | Reduce -53.6% | 827,500 | $41.1M |
| CIFR Cipher Digital Inc. | call | Sold out | 265,000 | $3.3Mbefore exit |
| CLSK Cleanspark Inc. | call | Sold out | 60,000 | $870Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.