Alpine Peaks Capital, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Alpine Peaks Capital, LP reported 20 stock positions worth $104.7 million. Its top holding was Bright Horizons Family Solut (BFAM) at 8.7% of the portfolio, followed by Heico Class A (HEI.A, 7.6%) and West Pharmaceutical Services (WST, 7.0%). Compared with Q3 2025, it sold out of 3, added to 6 and reduced 13. The biggest buy was Descartes Systems Grp (DSGX, shares +104%) and the biggest sale an exit from Robert Half (RHI).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001906602
- Portfolio Value
- $104.7M (Q4 2025)
- SEC Filing
- 0001906602-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 20 stocks · $104.7M
| BFAM Bright Horizons Family Solut | 8.68% | 89,651 | $9.1M | Add +17.4% |
| HEI.A Heico Corp. Class A | 7.59% | 31,469 | $7.9M | Reduce -6.8% |
| WST West Pharmaceutical Services | 6.96% | 26,483 | $7.3M | Reduce -1.3% |
| USPH U.S. Physical Therapy Inc. | 6.80% | 91,224 | $7.1M | Reduce -4.1% |
| TRMB Trimble Inc. | 6.07% | 81,083 | $6.4M | Add +2.1% |
| ROL Rollins Inc. | 5.90% | 102,968 | $6.2M | Reduce -1.3% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 5.24% | 30,047 | $5.5M | Reduce -10.0% |
| MEDP Medpace Holdings Inc. | 5.10% | 9,506 | $5.3M | Reduce -25.2% |
| EVTC Evertec Inc. | 4.99% | 179,704 | $5.2M | Reduce -5.8% |
| LFUS Littelfuse Inc. | 4.93% | 20,400 | $5.2M | Add +2.5% |
| CGNX Cognex Corp. | 4.74% | 138,019 | $5.0M | Reduce -5.6% |
| WMS Advanced Drainage Systems Inc. | 4.28% | 30,920 | $4.5M | Reduce -4.9% |
| DSGX The Descartes Systems Grp | 4.27% | 51,000 | $4.5M | Add +104.0% |
| QLYS Qualys Inc. | 4.18% | 32,905 | $4.4M | Add +10.0% |
| WAB Wabtec Corp. | 4.17% | 20,480 | $4.4M | Reduce -3.3% |
| TREX Trex Company Inc. | 4.11% | 122,839 | $4.3M | Reduce -1.0% |
| IPAR Interparfums Inc. | 3.81% | 47,095 | $4.0M | Reduce -22.5% |
| BBSI Barrett Business SVCS Inc. | 3.06% | 88,352 | $3.2M | No change |
| TECH Bio-Techne Corp. | 2.89% | 51,500 | $3.0M | Add +43.1% |
| TNET Trinet Group Inc. | 2.24% | 39,650 | $2.3M | Reduce -10.2% |
Options reported separately and not counted above: MRVI calls ($315K).
Portfolio Sells Q3 2025 → Q4 2025
| RHI Robert Half Inc. | Sold out | 0.00% | −1.85 |
| TREX Trex Company Inc. | Reduce -1.0% | 4.11% | −1.47 |
| IPAR Interparfums Inc. | Reduce -22.5% | 3.81% | −1.39 |
| SCI Service Corp. International | Sold out | 0.00% | −1.19 |
| CGNX Cognex Corp. | Reduce -5.6% | 4.74% | −1.03 |
| EVTC Evertec Inc. | Reduce -5.8% | 4.99% | −0.63 |
| MEDP Medpace Holdings Inc. | Reduce -25.2% | 5.10% | −0.60 |
| RGP Resources Connection Inc. | Sold out | 0.00% | −0.51 |
| TNET Trinet Group Inc. | Reduce -10.2% | 2.24% | −0.34 |
| USPH U.S. Physical Therapy Inc. | Reduce -4.1% | 6.80% | −0.24 |
| HEI.A Heico Corp. Class A | Reduce -6.8% | 7.59% | +0.11 |
| WMS Advanced Drainage Systems Inc. | Reduce -4.9% | 4.28% | +0.34 |
| WAB Wabtec Corp. | Reduce -3.3% | 4.17% | +0.47 |
| ROL Rollins Inc. | Reduce -1.3% | 5.90% | +0.56 |
| WST West Pharmaceutical Services | Reduce -1.3% | 6.96% | +0.82 |
| JKHY Jack Henry & Associates Inc. | Reduce -10.0% | 5.24% | +0.90 |
Portfolio Buys Q3 2025 → Q4 2025
Options Activity Q3 2025 → Q4 2025
| MRVI Maravai Lifesciences Hldgs-A | call | Reduce -32.9% | 96,900 | $315K |
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 |