ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 9, 2018

Total Value: $1.841B (99.8% shares, 0.2% debt)

Holdings (30)

GBIL GOLDMAN SACHS ETF TR 28.3%

Value $521M Shares 5,205,586 Share Price $100.08 Est. Cost/Share $100.15 Unrealized @ Report Date —

AAP ADVANCE AUTO PARTS INC 8.3%

Value $152M Shares 1,283,555 Share Price $118.55 * Est. Cost/Share $86.20 Unrealized @ Report Date +16.5%

— EXPRESS SCRIPTS HLDG CO 6.8%

Value $126M Shares 1,820,916 Share Price $69.08 Est. Cost/Share $73.33 Unrealized @ Report Date —

VOD VODAFONE GROUP PLC NEW 6.3%

Value $116M Shares 4,165,389 Share Price $27.82 Est. Cost/Share $31.57 Unrealized @ Report Date —

— LIBERTY GLOBAL PLC 6.3%

Value $115M Shares 3,787,741 Share Price $30.43 Est. Cost/Share $31.42 Unrealized @ Report Date —

MSFT MICROSOFT CORP 6.0%

Value $111M Shares 1,215,212 Share Price $91.27 * Est. Cost/Share $31.59 Unrealized @ Report Date +166.9%

— CENTURYLINK INC 5.5%

Value $101M Shares 6,122,188 Share Price $16.43 Est. Cost/Share $16.60 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 5.4%

Value $100M Shares 782,562 Share Price $128.15 * Est. Cost/Share $67.26 Unrealized @ Report Date +61.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 5.3%

Value $97.43M Shares 488,440 Share Price $199.48 * Est. Cost/Share $124.92 Unrealized @ Report Date +64.4%

— GENERAL MTRS CO 4.9%

Value $90.17M Shares 2,481,270 Share Price $36.34 Est. Cost/Share $35.14 Unrealized @ Report Date —

— SPX CORP 4.5%

Value $82.06M Shares 2,526,533 Share Price $32.48 Est. Cost/Share $13.96 Unrealized @ Report Date —

— SPX FLOW INC 4.2%

Value $76.86M Shares 1,562,562 Share Price $49.19 Est. Cost/Share $29.66 Unrealized @ Report Date —

JPM JPMORGAN CHASE & CO 3.9%

Value $71.48M Shares 650,004 Share Price $109.97 * Est. Cost/Share $40.84 Unrealized @ Report Date +123.9%

— RESOLUTE FST PRODS INC 2.3%

Value $42.97M Shares 5,177,490 Share Price $8.30 Est. Cost/Share $11.19 Unrealized @ Report Date —

LILAK LIBERTY LATIN AMERICA LTD 0.4%

Value $7.781M Shares 407,606 Share Price $19.09 * Est. Cost/Share $20.53 Unrealized @ Report Date -1.3%

JCI JOHNSON CTLS INTL PLC 0.3%

Value $6.04M Shares 171,398 Share Price $35.24 * Est. Cost/Share $31.78 Unrealized @ Report Date 0.0%

— HOWARD HUGHES CORP 0.3%

Value $5.664M Shares 40,711 Share Price $139.13 Est. Cost/Share $118.36 Unrealized @ Report Date —

BSV VANGUARD BD INDEX FD INC 0.2%

Value $4.26M Shares 54,308 Share Price $78.44 Est. Cost/Share $80.13 Unrealized @ Report Date —

KINS KINGSTONE COS INC 0.2%

Value $3.825M Shares 227,668 Share Price $16.80 Est. Cost/Share $9.12 Unrealized @ Report Date +87.6%

— COMSTOCK RES INC 0.1%

Value $2.65M Shares 2,880,625 Share Price $0.92 Est. Cost/Share $0.92 Unrealized @ Report Date —

— TENNECO INC 0.1%

Value $1.948M Shares 35,508 Share Price $54.86 Est. Cost/Share $60.64 Unrealized @ Report Date —

— COMSTOCK RES INC 0.1%

Value $1.921M Shares 2,077,499 Share Price $0.92 Est. Cost/Share $0.80 Unrealized @ Report Date —

— DELL TECHNOLOGIES INC 0.1%

Value $1.522M Shares 20,792 Share Price $73.20 Est. Cost/Share $60.07 Unrealized @ Report Date —

VTEB VANGUARD MUN BD FD INC 0.0%

Value $655K Shares 12,884 Share Price $50.84 Est. Cost/Share $52.34 Unrealized @ Report Date —

MRK MERCK & CO INC 0.0%

Value $529K Shares 9,722 Share Price $54.41 * Est. Cost/Share $33.30 Unrealized @ Report Date +26.9%

SCHZ SCHWAB STRATEGIC TR 0.0%

Value $521K Shares 10,202 Share Price $51.07 Est. Cost/Share $51.92 Unrealized @ Report Date —

MBI MBIA INC 0.0%

Value $478K Shares 51,600 Share Price $9.26 * Est. Cost/Share $3.59 Unrealized @ Report Date -2.3%

CRK COMSTOCK RES INC 0.0%

Value $366K Shares 50,000 Share Price $7.32 * Est. Cost/Share $6.16 Unrealized @ Report Date +24.2%

VTI VANGUARD INDEX FDS 0.0%

Value $179K Shares 1,320 Share Price $135.61 Est. Cost/Share $92.00 Unrealized @ Report Date —

INTC INTEL CORP 0.0%

Value $104K Shares 1,988 Share Price $52.31 * Est. Cost/Share $23.38 Unrealized @ Report Date +71.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GBIL	GOLDMAN SACHS ETF TR	5,205,586	$521M	28.3%	$100.08	$100.15	—	TREASURYACCESS	381430529
AAP	ADVANCE AUTO PARTS INC	1,283,555	$152M	8.3%	$118.55 *	$86.20	+16.5%	COM	00751Y106
—	EXPRESS SCRIPTS HLDG CO	1,820,916	$126M	6.8%	$69.08	$73.33	—	COM	30219G108
VOD	VODAFONE GROUP PLC NEW	4,165,389	$116M	6.3%	$27.82	$31.57	—	SPONSORED ADR	92857W308
—	LIBERTY GLOBAL PLC	3,787,741	$115M	6.3%	$30.43	$31.42	—	SHS CL C	G5480U120
MSFT	MICROSOFT CORP	1,215,212	$111M	6.0%	$91.27 *	$31.59	+166.9%	COM	594918104
—	CENTURYLINK INC	6,122,188	$101M	5.5%	$16.43	$16.60	—	COM	156700106
JNJ	JOHNSON & JOHNSON	782,562	$100M	5.4%	$128.15 *	$67.26	+61.1%	COM	478160104
BRK/B	BERKSHIRE HATHAWAY INC DEL	488,440	$97.43M	5.3%	$199.48 *	$124.92	+64.4%	CL B NEW	084670702
—	GENERAL MTRS CO	2,481,270	$90.17M	4.9%	$36.34	$35.14	—	COM	37045v100
—	SPX CORP	2,526,533	$82.06M	4.5%	$32.48	$13.96	—	COM	784635104
—	SPX FLOW INC	1,562,562	$76.86M	4.2%	$49.19	$29.66	—	COM	78469X107
JPM	JPMORGAN CHASE & CO	650,004	$71.48M	3.9%	$109.97 *	$40.84	+123.9%	COM	46625H100
—	RESOLUTE FST PRODS INC	5,177,490	$42.97M	2.3%	$8.30	$11.19	—	COM	76117W109
LILAK	LIBERTY LATIN AMERICA LTD	407,606	$7.781M	0.4%	$19.09 *	$20.53	-1.3%	COM CL C	G9001E128
JCI	JOHNSON CTLS INTL PLC	171,398	$6.04M	0.3%	$35.24 *	$31.78	0.0%	SHS	G51502105
—	HOWARD HUGHES CORP	40,711	$5.664M	0.3%	$139.13	$118.36	—	COM	44267D107
BSV	VANGUARD BD INDEX FD INC	54,308	$4.26M	0.2%	$78.44	$80.13	—	SHORT TRM BOND	921937827
KINS	KINGSTONE COS INC	227,668	$3.825M	0.2%	$16.80	$9.12	+87.6%	COM	496719105
—	COMSTOCK RES INC	2,880,625	$2.65M	0.1%	$0.92	$0.92	—	NOTE 9.500% 6/1	205768an4
—	TENNECO INC	35,508	$1.948M	0.1%	$54.86	$60.64	—	COM	880349105
—	COMSTOCK RES INC	2,077,499	$1.921M	0.1%	$0.92	$0.80	—	NOTE 7.750% 4/0	205768am6
—	DELL TECHNOLOGIES INC	20,792	$1.522M	0.1%	$73.20	$60.07	—	COM CL V	24703L103
VTEB	VANGUARD MUN BD FD INC	12,884	$655K	0.0%	$50.84	$52.34	—	TAX EXEMPT BD	922907746
MRK	MERCK & CO INC	9,722	$529K	0.0%	$54.41 *	$33.30	+26.9%	COM	58933Y105
SCHZ	SCHWAB STRATEGIC TR	10,202	$521K	0.0%	$51.07	$51.92	—	US AGGREGATE B	808524839
MBI	MBIA INC	51,600	$478K	0.0%	$9.26 *	$3.59	-2.3%	COM	55262C100
CRK	COMSTOCK RES INC	50,000	$366K	0.0%	$7.32 *	$6.16	+24.2%	COM	205768302
VTI	VANGUARD INDEX FDS	1,320	$179K	0.0%	$135.61	$92.00	—	TOTAL STK MKT	922908769
INTC	INTEL CORP	1,988	$104K	0.0%	$52.31 *	$23.38	+71.4%	COM	458140100