Alpine Global Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 18, 2025), Alpine Global Management, LLC reported 166 stock positions worth $295.1 million. Its top holding was Cornerstone Strategic Invest (CLM) at 18.3% of the portfolio, followed by Immunovant (IMVT, 18.1%) and Archer Aviation Class A (ACHR, 12.2%). Compared with Q3 2024, it opened 118 new positions, sold out of 104, added to 17 and reduced 19. The biggest buy was Cornerstone Strategic Invest (CLM, shares +7%) and the biggest sale Robinhood Markets Class A (HOOD, shares −71%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001581655
Portfolio Value
$295.1M (Q4 2024)
SEC Filing
0001581655-25-000002 ↗ filed Feb 18, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $428.2M Q1 2024 Q2 2024: $519.9M Q2 2024 Q3 2024: $391.9M Q3 2024 Q4 2024: $295.1M $295.1M Q4 2024 Q1 2025: $335.4M Q1 2025 Q2 2025: $383.4M Q2 2025 Q3 2025: $378.3M Q3 2025 Q4 2025: $419.5M Q4 2025 Q1 2026: $564.9M Q1 2026 Q2 2026: $608.2M Q2 2026

Holdings 166 stocks · $295.1M
CLM Cornerstone Strategic Invest 18.34% 6,301,760 $54.1M Add +6.7%
IMVT Immunovant Inc. 18.12% 2,158,904 $53.5M Add +14.7%
ACHR Archer Aviation Inc. Class A 12.18% 3,685,921 $35.9M Reduce -3.3%
CRF Cornerstone Total Return 7.99% 2,712,560 $23.6M Add +5.5%
HOOD Robinhood Markets Inc. Class A 4.15% 328,918 $12.3M Reduce -70.9%
IWM iShares Russell 2000 ETF 2.89% 38,648 $8.5M Add +544.1%
JNPR Juniper Networks Inc. 1.92% 151,564 $5.7M Add +51.6%
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) 1.17% 1,250 $3.4M Reduce -32.4%
NCL CORPORATION LTD (NCLH 2.5 02/15/27) 1.08% 3,000 $3.2M New
EDR Endeavor Group Hold Class A 1.06% 100,000 $3.1M No change
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) 0.93% 4,500 $2.7M Add +350.0%
PGY Pagaya Technologies Ltd. Class A 0.90% 285,000 $2.6M Reduce -50.0%
X United States Steel Corp. 0.88% 75,963 $2.6M Reduce -40.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.80% 4,031 $2.4M Add +97.2%
RENEF Cartesian Growth Corp. II- A 0.79% 200,000 $2.3M New
SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) 0.77% 5,900 $2.3M Add +40.5%
ML Moneylion Inc. 0.74% 25,308 $2.2M New
NNDM Nano Dimension Ltd. - ADR 0.72% 858,113 $2.1M New
SRDX Surmodics Inc. 0.67% 50,000 $2.0M New
MAGN Magnera Corp. 0.63% 102,724 $1.9M New
ANSC Agriculture & Natural Soluti 0.62% 175,000 $1.8M New
PLCE The Children's Place Inc. 0.61% 171,037 $1.8M New
SUM Summit Materials Inc. Class A 0.60% 35,000 $1.8M New
LQDA Liquidia Corp. 0.60% 150,000 $1.8M Add +50.0%
AZPN Aspen Technology Inc. 0.58% 6,900 $1.7M New
HCP Hashicorp Inc. Class A 0.58% 50,000 $1.7M New
RWAY Runway Growth Finance Corp. 0.56% 150,159 $1.6M Reduce -71.3%
PARAA Paramount Global Class B 0.54% 152,857 $1.6M Reduce -51.9%
ALCYF Alchemy Investments Acquisit 0.54% 145,662 $1.6M New
ACI Albertsons Cos Inc. Class A 0.50% 75,000 $1.5M Reduce -62.5%
SIRI Sirius XM Holdings Inc. 0.48% 61,581 $1.4M Reduce -38.4%
NIO INC (NIO 4.625 10/15/30) 0.48% 2,000 $1.4M New
CERENCE INC (CRNC 1.5 07/01/28) 0.46% 2,000 $1.4M New
XLRE SS Real Estate Select Sector 0.46% 33,120 $1.3M New
HES Hess Corp. 0.45% 10,000 $1.3M New
ALIT Alight Inc. Class A 0.41% 175,000 $1.2M Add +16.7%
INFINERA CORP (INFN 3.75 08/01/28) 0.40% 1,000 $1.2M New
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 0.40% 9,214 $1.2M New
THE REALREAL INC (REAL 1 03/01/28) 0.39% 1,500 $1.2M Reduce -50.0%
ON On Semiconductor 0.39% 18,200 $1.1M Reduce -77.7%
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) 0.39% 1,000 $1.1M No change
ACAD Acadia Pharmaceuticals Inc. 0.35% 55,566 $1.0M New
ZUO Zuora Inc. Class A 0.34% 100,000 $992K New
RNW Renew Energy Global PLC-A 0.34% 145,000 $990K New
R Ryder System Inc. 0.29% 5,544 $870K New
SRG Seritage Growth Prop- A 0.28% 200,000 $824K Add +13.1%
BANF Bancfirst Corp. 0.27% 6,890 $807K New
SLGN Silgan Holdings Inc. 0.27% 15,370 $800K New
MGEE Mge Energy Inc. 0.27% 8,480 $797K New
AIZ Assurant Inc. 0.27% 3,710 $791K New
RBA RB Global Inc. 0.27% 8,745 $789K New
RHI Robert Half Inc. 0.27% 11,130 $784K New
JJSF J & J Snack Foods Corp. 0.26% 5,035 $781K New
DESP Despegar.com Corp. 0.26% 40,000 $770K New
ERIE Erie Indemnity Company Class A 0.26% 1,855 $765K New
XBI SS SPDR S&P Biotech ETF 0.25% 8,268 $745K New
BRSP Brightspire Capital Inc. 0.23% 121,830 $687K Reduce -86.7%
DDOG Datadog Inc. Class A 0.23% 4,701 $672K New
WESTERN DIGITAL CORP (WDC 3 11/15/28) 0.22% 500 $663K New
COIN Coinbase Global Inc. Class A 0.22% 2,576 $640K New
BBWI Bath & Body Works Inc. 0.20% 14,850 $576K New
SOC Sable Offshore Corp. 0.19% 25,000 $573K No change
ARI Apollo Commercial Real Estat 0.19% 64,690 $560K New
CLMT Calumet Inc. 0.19% 25,000 $551K Add +65.0%
BETR Better Home & Finance Holdin 0.19% 61,439 $548K New
XERS Xeris Biopharma Holdings Inc. 0.18% 160,000 $542K No change
GSBD Goldman Sachs BDC Inc. 0.18% 44,616 $540K New
AMTM Amentum Holdings Inc. 0.18% 25,000 $526K New
RLI Rli Corp. 0.18% 3,177 $524K New
FXI iShares China Large-Cap ETF 0.18% 17,162 $522K New
TT Trane Technologies PLC 0.17% 1,394 $515K New
EXPD Expeditors Intl Wash Inc. 0.17% 4,551 $504K New
IP International Paper Co. 0.17% 9,310 $501K New
TPVG Triplepoint Venture Growth B 0.16% 64,606 $477K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.15% 3,860 $454K New
OKLO Oklo Inc. 0.14% 20,127 $427K New
VERU Veru Inc. 0.13% 610,070 $397K Reduce -6.1%
LGF.B Lions Gate Entertainment-B 0.13% 50,000 $378K No change
NIO INC (NIO 3.875 10/15/29) 0.13% 500 $375K New
PBW Invesco Wilderhill Clean Ene 0.13% 18,720 $375K New
REM iShares Mortgage Real Estate 0.13% 17,445 $372K New
VNQ Vanguard Real Estate ETF 0.12% 4,134 $368K New
ACRE Ares Commercial Real Estate 0.12% 62,492 $368K New
MDY State Street SPDR S&P Midcap 0.12% 639 $364K New
EGBN Eagle Bancorp Inc. 0.12% 13,745 $358K New
ET Energy Transfer LP 0.12% 18,000 $353K New
SILA Sila Realty Trust Inc. 0.12% 14,237 $346K New
PSEC Prospect Capital Corp. 0.12% 80,300 $346K New
IBIT iShares Bitcoin Trust ETF 0.11% 6,337 $336K New
TRTX TPG Re Finance Trust Inc. 0.11% 37,261 $317K New
THD iShares MSCI Thailand ETF 0.10% 4,982 $301K New
PPC Pilgrim's Pride Corp. 0.10% 6,564 $298K New
AAT American Assets Trust Inc. 0.10% 11,132 $292K New
MPLX MPLX LP 0.10% 6,100 $292K New
CTAS Cintas Corp. 0.10% 1,554 $284K New
UNB Union Bankshares Inc. 0.09% 9,309 $269K New
MURA Mural Oncology PLC 0.09% 80,964 $261K Reduce -61.5%
COR Cencora Inc. 0.09% 1,129 $254K New
LION Lionsgate Studios Corp. 0.09% 33,053 $251K Add +29.2%
EPOL iShares MSCI Poland ETF 0.08% 11,798 $246K New

Show all 166 holdings

Other holdings (6): bonds, preferreds, convertibles and warrants · $110K (not counted above)
SecurityClassShares / PrincipalValueChange
BMTX.WS BM Technologies -CW23 *W EXP 01/04/202 146,066$85KNew
AUROW Aurora Innovation Inc. -CW28 *W EXP 11/03/202 12,500$13KNo change
GRABW Grab Holdings Ltd.-CW 26 *W EXP 99/99/999 17,800$7KNo change
WGSWW Genedx Holdings Corp. *W EXP 07/22/202 20,000$3KNo change
LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 49,750$796No change
STLNW Oncology Institute Inc. CW-22 *W EXP 99/99/999 25,024$175No change

Total filed on the 13F, all lines: $295.2M.

Portfolio Sells Q3 2024 → Q4 2024
HOOD Robinhood Markets Inc. Class A Reduce -70.9% 4.15% −2.60
XMUIX BlackRock Municipal Income Sold out 0.00% −2.33
REDFIN CORP (RDFN 0.5 04/01/27) Reduce -24.3% 0.00% −2.15
BCAT BlackRock Capital Alloc TR Sold out 0.00% −1.89
SRCL Stericycle Inc. Sold out 0.00% −1.71
ECAT BlackRock ESG Cap All TRM TR Sold out 0.00% −1.63
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) Sold out 0.00% −1.53
CTLT Catalent Inc. Sold out 0.00% −1.16
ON On Semiconductor Reduce -77.7% 0.39% −1.12
BRSP Brightspire Capital Inc. Reduce -86.7% 0.23% −1.08
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) Sold out 0.00% −1.08
BSTZ BlackRock Sci & Tech TRM TR Sold out 0.00% −1.02
PDX PIMCO Dynamic Income Strat Sold out 0.00% −0.93
AVK Advent Convert & Income Sold out 0.00% −0.89
XAODX Abrdn Total Dynamic Dividend Sold out 0.00% −0.87
ACP Abrdn Income Credit Strat Sold out 0.00% −0.84
UBER Uber Technologies Inc. Sold out 0.00% −0.84
CION Cion Investment Corp. Sold out 0.00% −0.82
RWAY Runway Growth Finance Corp. Reduce -71.3% 0.56% −0.81
BMEZ BlackRock HLTH Sci TRM TR II Sold out 0.00% −0.80
EQC Equity Commonwealth Sold out 0.00% −0.79
HFRO Highland Opport & Income Sold out 0.00% −0.78
BTX BlackRock Tech & Priv Eqty Sold out 0.00% −0.73
FMN Federated Herm Prem Muni Inc. Sold out 0.00% −0.72
IVCBF Invest Acquisition Corp. Sold out 0.00% −0.66
NRK Nuveen NY Amt-FR Muni Inc. Sold out 0.00% −0.66
MFIC Midcap Financial Investment Sold out 0.00% −0.65
PGY Pagaya Technologies Ltd. Class A Reduce -50.0% 0.90% −0.64
NVG Nuveen Amt-FR Muni CRDT Sold out 0.00% −0.61
VSTO Vista Outdoor Inc. Sold out 0.00% −0.60
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) Reduce -83.3% 0.00% −0.60
GUT Gabelli Utility Trust Sold out 0.00% −0.58
AKAM Akamai Technologies Inc. Sold out 0.00% −0.55
BRW Saba Capital Income & Opport Sold out 0.00% −0.53
FSK FS KKR Capital Corp. Sold out 0.00% −0.50
NZF Nuveen Municipal Credit Inc. Sold out 0.00% −0.50
SWN Southwestern Energy Co. Sold out 0.00% −0.46
AXONICS INC Sold out 0.00% −0.44
ACI Albertsons Cos Inc. Class A Reduce -62.5% 0.50% −0.44
SKGR SK Growth Opportunities Co. Class A Sold out 0.00% −0.43
OCSL Oaktree Specialty Lending Co. Sold out 0.00% −0.42
USAR USA Rare Earth Inc. Sold out 0.00% −0.41
CPRI Capri Holdings Ltd. Sold out 0.00% −0.39
NMCO Nuveen Municipal Credit Opp Sold out 0.00% −0.36
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.34
HTZ Hertz Global Hldgs Inc. Sold out 0.00% −0.34
GLO Clough Global Opportunities Sold out 0.00% −0.34
IQI Invesco Quality Muni Inc. TR Sold out 0.00% −0.33
PARAA Paramount Global Class B Reduce -51.9% 0.54% −0.32
HUBB Hubbell Inc. Sold out 0.00% −0.27

Portfolio Buys Q3 2024 → Q4 2024
CLM Cornerstone Strategic Invest Add +6.7% 18.34% +6.77
IMVT Immunovant Inc. Add +14.7% 18.12% +4.43
CRF Cornerstone Total Return Add +5.5% 7.99% +2.68
IWM iShares Russell 2000 ETF Add +544.1% 2.89% +2.56
NCL CORPORATION LTD (NCLH 2.5 02/15/27) New 1.08% +1.08
JNPR Juniper Networks Inc. Add +51.6% 1.92% +0.93
RENEF Cartesian Growth Corp. II- A New 0.79% +0.79
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) Add +350.0% 0.93% +0.74
ML Moneylion Inc. New 0.74% +0.74
NNDM Nano Dimension Ltd. - ADR New 0.72% +0.72
SRDX Surmodics Inc. New 0.67% +0.67
MAGN Magnera Corp. New 0.63% +0.63
ANSC Agriculture & Natural Soluti New 0.62% +0.62
PLCE The Children's Place Inc. New 0.61% +0.61
SUM Summit Materials Inc. Class A New 0.60% +0.60
AZPN Aspen Technology Inc. New 0.58% +0.58
HCP Hashicorp Inc. Class A New 0.58% +0.58
ALCYF Alchemy Investments Acquisit New 0.54% +0.54
SPY SS SPDR S&P 500 ETF Trust-US Add +97.2% 0.80% +0.50
NIO INC (NIO 4.625 10/15/30) New 0.48% +0.48
CERENCE INC (CRNC 1.5 07/01/28) New 0.46% +0.46
XLRE SS Real Estate Select Sector New 0.46% +0.46
HES Hess Corp. New 0.45% +0.45
INFINERA CORP (INFN 3.75 08/01/28) New 0.40% +0.40
JBTM JBT Marel Corp. New 0.40% +0.40
ACAD Acadia Pharmaceuticals Inc. New 0.35% +0.35
LQDA Liquidia Corp. Add +50.0% 0.60% +0.34
ZUO Zuora Inc. Class A New 0.34% +0.34
RNW Renew Energy Global PLC-A New 0.34% +0.34
R Ryder System Inc. New 0.29% +0.29
BANF Bancfirst Corp. New 0.27% +0.27
SLGN Silgan Holdings Inc. New 0.27% +0.27
MGEE Mge Energy Inc. New 0.27% +0.27
AIZ Assurant Inc. New 0.27% +0.27
RBA RB Global Inc. New 0.27% +0.27
RHI Robert Half Inc. New 0.27% +0.27
JJSF J & J Snack Foods Corp. New 0.26% +0.26
DESP Despegar.com Corp. New 0.26% +0.26
ERIE Erie Indemnity Company Class A New 0.26% +0.26
XBI SS SPDR S&P Biotech ETF New 0.25% +0.25
DDOG Datadog Inc. Class A New 0.23% +0.23
WESTERN DIGITAL CORP (WDC 3 11/15/28) New 0.22% +0.22
COIN Coinbase Global Inc. Class A New 0.22% +0.22
BBWI Bath & Body Works Inc. New 0.20% +0.20
ARI Apollo Commercial Real Estat New 0.19% +0.19
BETR Better Home & Finance Holdin New 0.19% +0.19
GSBD Goldman Sachs BDC Inc. New 0.18% +0.18
AMTM Amentum Holdings Inc. New 0.18% +0.18
RLI Rli Corp. New 0.18% +0.18
FXI iShares China Large-Cap ETF New 0.18% +0.18

Notes & Other Activity Q3 2024 → Q4 2024
BMTX.WS BM Technologies -CW23 *W EXP 01/04/202 New 146,066 $85K
GABELLI UTILITY TRUST/THE RIGHT 10/21/2024 Sold out 1,026,252 $28Kbefore exit
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 Sold out 321,250 $6Kbefore exit
WESTERN ASSET GLOBAL HIGH-RT RIGHT 10/08/2024 Sold out 160,002 $2Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 204$608.2MIMVT, XOVR, CLM, RIVN, SPCX
Q1 2026 157$564.9MIMVT, CLM, RIVN, ACHR, CRF
Q4 2025Amended 275$419.5MIMVT, RIVN, ACHR, CVNA, ARES
Q3 2025Amended 130$378.3MCLM, IMVT, RIVN, CRF, ACHR
Q2 2025 145$383.4MCLM, ACHR, IMVT, DJT, CRF
Q1 2025 123$335.4MCLM, IMVT, ACHR, CRF, LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)
Q4 2024Amended 166$295.1MCLM, IMVT, ACHR, CRF, HOOD
Q3 2024 152$391.9MIMVT, CLM, HOOD, CRF, ACHR
Q2 2024 455$519.9MIMVT, CLM, MSTR, HOOD, CRF
Q1 2024Amended 190$428.2MIMVT, HOOD, CLM, AGTI, CRF