Alpine Peaks Capital, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Alpine Peaks Capital, LP reported 23 stock positions worth $114.7 million. Its top holding was Heico Class A (HEI.A) at 7.5% of the portfolio, followed by Bright Horizons Family Solut (BFAM, 7.2%) and U.S. Physical Therapy (USPH, 7.0%). Compared with Q2 2025, it added to 12 and reduced 10. The biggest buy was West Pharmaceutical Services (WST, shares +23%) and the biggest sale Service Corp. International (SCI, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001906602
- Portfolio Value
- $114.7M (Q3 2025)
- SEC Filing
- 0001906602-25-000004 ↗ filed Nov 14, 2025
Holdings Value
Holdings 23 stocks · $114.7M
| HEI.A Heico Corp. Class A | 7.48% | 33,769 | $8.6M | Reduce -18.2% |
| BFAM Bright Horizons Family Solut | 7.22% | 76,351 | $8.3M | Add +8.8% |
| USPH U.S. Physical Therapy Inc. | 7.04% | 95,134 | $8.1M | Add +9.4% |
| WST West Pharmaceutical Services | 6.13% | 26,833 | $7.0M | Add +22.9% |
| CGNX Cognex Corp. | 5.77% | 146,219 | $6.6M | Reduce -32.7% |
| MEDP Medpace Holdings Inc. | 5.69% | 12,706 | $6.5M | Reduce -37.4% |
| TRMB Trimble Inc. | 5.65% | 79,383 | $6.5M | Reduce -10.1% |
| EVTC Evertec Inc. | 5.62% | 190,798 | $6.4M | Add +14.4% |
| TREX Trex Company Inc. | 5.59% | 124,075 | $6.4M | Add +41.7% |
| ROL Rollins Inc. | 5.34% | 104,368 | $6.1M | Reduce -1.9% |
| IPAR Interparfums Inc. | 5.21% | 60,756 | $6.0M | Add +36.4% |
| LFUS Littelfuse Inc. | 4.49% | 19,900 | $5.2M | Add +5.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 4.33% | 33,397 | $5.0M | Add +11.7% |
| WMS Advanced Drainage Systems Inc. | 3.93% | 32,520 | $4.5M | Reduce -32.7% |
| WAB Wabtec Corp. | 3.70% | 21,180 | $4.2M | Reduce -2.8% |
| QLYS Qualys Inc. | 3.45% | 29,905 | $4.0M | Add +39.0% |
| BBSI Barrett Business SVCS Inc. | 3.41% | 88,352 | $3.9M | Reduce -12.0% |
| TNET Trinet Group Inc. | 2.57% | 44,150 | $3.0M | Add +90.7% |
| DSGX The Descartes Systems Grp | 2.05% | 25,000 | $2.4M | Add +104.9% |
| RHI Robert Half Inc. | 1.85% | 62,526 | $2.1M | No change |
| TECH Bio-Techne Corp. | 1.75% | 36,000 | $2.0M | Add +63.6% |
| SCI Service Corp. International | 1.19% | 16,341 | $1.4M | Reduce -73.8% |
| RGP Resources Connection Inc. | 0.51% | 116,761 | $590K | Reduce -42.0% |
Options reported separately and not counted above: MRVI calls ($415K).
Portfolio Sells Q2 2025 → Q3 2025
| SCI Service Corp. International | Reduce -73.8% | 1.19% | −3.29 |
| HEI.A Heico Corp. Class A | Reduce -18.2% | 7.48% | −1.94 |
| WMS Advanced Drainage Systems Inc. | Reduce -32.7% | 3.93% | −0.97 |
| RGP Resources Connection Inc. | Reduce -42.0% | 0.51% | −0.44 |
| WAB Wabtec Corp. | Reduce -2.8% | 3.70% | −0.32 |
| CGNX Cognex Corp. | Reduce -32.7% | 5.77% | −0.31 |
| BBSI Barrett Business SVCS Inc. | Reduce -12.0% | 3.41% | −0.28 |
| TRMB Trimble Inc. | Reduce -10.1% | 5.65% | −0.27 |
| ROL Rollins Inc. | Reduce -1.9% | 5.34% | +0.05 |
| MEDP Medpace Holdings Inc. | Reduce -37.4% | 5.69% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| WST West Pharmaceutical Services | Add +22.9% | 6.13% | +1.92 |
| TREX Trex Company Inc. | Add +41.7% | 5.59% | +1.39 |
| TNET Trinet Group Inc. | Add +90.7% | 2.57% | +1.08 |
| USPH U.S. Physical Therapy Inc. | Add +9.4% | 7.04% | +1.05 |
| DSGX The Descartes Systems Grp | Add +104.9% | 2.05% | +0.96 |
| TECH Bio-Techne Corp. | Add +63.6% | 1.75% | +0.75 |
| QLYS Qualys Inc. | Add +39.0% | 3.45% | +0.74 |
| LFUS Littelfuse Inc. | Add +5.6% | 4.49% | +0.72 |
| EVTC Evertec Inc. | Add +14.4% | 5.62% | +0.31 |
| IPAR Interparfums Inc. | Add +36.4% | 5.21% | +0.05 |
| JKHY Jack Henry & Associates Inc. | Add +11.7% | 4.33% | −0.42 |
| BFAM Bright Horizons Family Solut | Add +8.8% | 7.22% | −0.42 |
Options Activity Q2 2025 → Q3 2025
| MRVI Maravai Lifesciences Hldgs-A | call | New | 144,500 | $415K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $85.4M | HEI.A, WST, CGNX, BFAM, USPH |
| Q1 2026 | 20 | $98.9M | BFAM, WST, USPH, HEI.A, CGNX |
| Q4 2025 | 20 | $104.7M | BFAM, HEI.A, WST, USPH, TRMB |
| Q3 2025 | 23 | $114.7M | HEI.A, BFAM, USPH, WST, CGNX |
| Q2 2025 | 23 | $113.3M | HEI.A, BFAM, CGNX, USPH, TRMB |
| Q1 2025 | 25 | $110.9M | BFAM, HEI.A, ROL, MEDP, CGNX |
| Q4 2024 | 23 | $121.8M | BFAM, ROL, HEI.A, TRMB, CGNX |
| Q3 2024 | 23 | $167.5M | ROL, IPAR, CGNX, TRMB, MEDP |
| Q2 2024 | 25 | $162.9M | ROL, IPAR, CGNX, MEDP, WAB |
| Q1 2024 | 23 | $173.6M | IPAR, ROL, MEDP, CGNX, WAB |