ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: Apr 28, 2023

Total Value: $2.458B (100.0% shares, 0.0% debt)

Holdings (39)

FDX FEDEX CORP 9.4%

Value $230M Shares 1,007,789 Share Price $228.49 * Est. Cost/Share $196.27 Unrealized @ Report Date +9.8%

LEN LENNAR CORP 8.6%

Value $211M Shares 2,010,199 Share Price $105.11 * Est. Cost/Share $69.41 Unrealized @ Report Date +40.9%

GM GENERAL MTRS CO 8.0%

Value $197M Shares 5,380,358 Share Price $36.68 * Est. Cost/Share $34.92 Unrealized @ Report Date +2.0%

MSFT MICROSOFT CORP 7.9%

Value $193M Shares 669,547 Share Price $288.30 * Est. Cost/Share $159.66 Unrealized @ Report Date +76.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 7.6%

Value $187M Shares 605,781 Share Price $308.77 Est. Cost/Share $166.65 Unrealized @ Report Date +85.3%

— LIBERTY GLOBAL PLC 7.5%

Value $184M Shares 9,025,569 Share Price $20.38 Est. Cost/Share $25.10 Unrealized @ Report Date —

MGA MAGNA INTL INC 7.5%

Value $183M Shares 3,424,395 Share Price $53.57 * Est. Cost/Share $48.10 Unrealized @ Report Date +0.4%

C CITIGROUP INC 7.3%

Value $180M Shares 3,842,307 Share Price $46.89 * Est. Cost/Share $49.70 Unrealized @ Report Date -14.6%

JPM JPMORGAN CHASE & CO 7.3%

Value $179M Shares 1,375,785 Share Price $130.31 * Est. Cost/Share $89.12 Unrealized @ Report Date +36.8%

VOD VODAFONE GROUP PLC NEW 7.3%

Value $179M Shares 16,169,472 Share Price $11.04 Est. Cost/Share $19.06 Unrealized @ Report Date -42.1%

JNJ JOHNSON & JOHNSON 6.0%

Value $147M Shares 947,725 Share Price $155.00 * Est. Cost/Share $93.39 Unrealized @ Report Date +52.6%

GBIL GOLDMAN SACHS ETF TR 5.0%

Value $123M Shares 1,233,218 Share Price $100.14 Est. Cost/Share $99.86 Unrealized @ Report Date +0.3%

THO THOR INDS INC 4.6%

Value $113M Shares 1,420,116 Share Price $79.64 * Est. Cost/Share $77.43 Unrealized @ Report Date -3.3%

CVX CHEVRON CORP NEW 3.7%

Value $90.55M Shares 554,991 Share Price $163.16 * Est. Cost/Share $74.37 Unrealized @ Report Date +95.1%

LEN/B LENNAR CORP 0.4%

Value $8.759M Shares 98,073 Share Price $89.31 * Est. Cost/Share $53.57 Unrealized @ Report Date +51.2%

RPV INVESCO EXCHANGE TRADED FD T 0.3%

Value $8.065M Shares 106,251 Share Price $75.90 Est. Cost/Share $77.22 Unrealized @ Report Date -1.7%

JEF JEFFERIES FINL GROUP INC 0.3%

Value $7.009M Shares 220,812 Share Price $31.74 * Est. Cost/Share $20.48 Unrealized @ Report Date +42.1%

BCS BARCLAYS PLC 0.2%

Value $5.345M Shares 743,358 Share Price $7.19 Est. Cost/Share $8.12 Unrealized @ Report Date -11.4%

LILAK LIBERTY LATIN AMERICA LTD 0.2%

Value $4.801M Shares 581,275 Share Price $8.26 Est. Cost/Share $13.72 Unrealized @ Report Date -39.8%

DELL DELL TECHNOLOGIES INC 0.2%

Value $4.15M Shares 103,213 Share Price $40.21 * Est. Cost/Share $40.37 Unrealized @ Report Date -5.7%

BSV VANGUARD BD INDEX FDS 0.1%

Value $3.451M Shares 45,117 Share Price $76.49 Est. Cost/Share $80.08 Unrealized @ Report Date -4.5%

— HOWARD HUGHES CORP 0.1%

Value $3.013M Shares 37,661 Share Price $80.00 Est. Cost/Share $92.91 Unrealized @ Report Date —

NRDY NERDY INC 0.1%

Value $2.712M Shares 648,702 Share Price $4.18 Est. Cost/Share $3.49 Unrealized @ Report Date +19.9%

IAC IAC INC 0.1%

Value $2.01M Shares 38,959 Share Price $51.60 * Est. Cost/Share $62.84 Unrealized @ Report Date -32.6%

MRK MERCK & CO INC 0.1%

Value $1.571M Shares 14,763 Share Price $106.39 * Est. Cost/Share $71.00 Unrealized @ Report Date +37.7%

FPH FIVE POINT HOLDINGS LLC 0.1%

Value $1.342M Shares 568,659 Share Price $2.36 Est. Cost/Share $6.88 Unrealized @ Report Date -65.7%

AER AERCAP HOLDINGS NV 0.0%

Value $1.012M Shares 18,000 Share Price $56.23 Est. Cost/Share $59.03 Unrealized @ Report Date -6.2%

SCHZ SCHWAB STRATEGIC TR 0.0%

Value $948K Shares 20,212 Share Price $46.91 * Est. Cost/Share $26.52 Unrealized @ Report Date -11.6%

SMBC SOUTHERN MO BANCORP INC 0.0%

Value $794K Shares 21,213 Share Price $37.41 * Est. Cost/Share $39.27 Unrealized @ Report Date -9.8%

VTI VANGUARD INDEX FDS 0.0%

Value $768K Shares 3,764 Share Price $204.11 Est. Cost/Share $181.15 Unrealized @ Report Date +12.7%

FND FLOOR & DECOR HLDGS INC 0.0%

Value $751K Shares 7,649 Share Price $98.22 Est. Cost/Share $100.47 Unrealized @ Report Date -2.2%

IBP INSTALLED BLDG PRODS INC 0.0%

Value $722K Shares 6,329 Share Price $114.03 * Est. Cost/Share $98.30 Unrealized @ Report Date +11.7%

VTV VANGUARD INDEX FDS 0.0%

Value $575K Shares 4,165 Share Price $138.11 Est. Cost/Share $108.62 Unrealized @ Report Date +27.1%

VTS VITESSE ENERGY INC 0.0%

Value $366K Shares 19,252 Share Price $19.03 Est. Cost/Share $17.24 Unrealized @ Report Date +10.4%

CRK COMSTOCK RES INC 0.0%

Value $354K Shares 32,834 Share Price $10.79 * Est. Cost/Share $6.45 Unrealized @ Report Date +61.3%

— ACTIVISION BLIZZARD INC 0.0%

Value $310K Shares 3,627 Share Price $85.59 Est. Cost/Share $80.26 Unrealized @ Report Date —

SLDP SOLID POWER INC 0.0%

Value $256K Shares 85,000 Share Price $3.01 Est. Cost/Share $7.81 Unrealized @ Report Date -61.5%

EARN ELLINGTON RESIDENTIAL MTG RE 0.0%

Value $108K Shares 14,851 Share Price $7.30 Est. Cost/Share $7.30 Unrealized @ Report Date —

NINEQ NINE ENERGY SERVICE INC 0.0%

Value $55,600 Shares 10,000 Share Price $5.56 * Est. Cost/Share $10.34 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FDX	FEDEX CORP	1,007,789	$230M	9.4%	$228.49 *	$196.27	+9.8%	COM	31428X106
LEN	LENNAR CORP	2,010,199	$211M	8.6%	$105.11 *	$69.41	+40.9%	CL A	526057104
GM	GENERAL MTRS CO	5,380,358	$197M	8.0%	$36.68 *	$34.92	+2.0%	COM	37045V100
MSFT	MICROSOFT CORP	669,547	$193M	7.9%	$288.30 *	$159.66	+76.8%	COM	594918104
BRK/B	BERKSHIRE HATHAWAY INC DEL	605,781	$187M	7.6%	$308.77	$166.65	+85.3%	CL B NEW	084670702
—	LIBERTY GLOBAL PLC	9,025,569	$184M	7.5%	$20.38	$25.10	—	SHS CL C	G5480U120
MGA	MAGNA INTL INC	3,424,395	$183M	7.5%	$53.57 *	$48.10	+0.4%	COM	559222401
C	CITIGROUP INC	3,842,307	$180M	7.3%	$46.89 *	$49.70	-14.6%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO	1,375,785	$179M	7.3%	$130.31 *	$89.12	+36.8%	COM	46625H100
VOD	VODAFONE GROUP PLC NEW	16,169,472	$179M	7.3%	$11.04	$19.06	-42.1%	SPONSORED ADR	92857W308
JNJ	JOHNSON & JOHNSON	947,725	$147M	6.0%	$155.00 *	$93.39	+52.6%	COM	478160104
GBIL	GOLDMAN SACHS ETF TR	1,233,218	$123M	5.0%	$100.14	$99.86	+0.3%	ACCES TREASURY	381430529
THO	THOR INDS INC	1,420,116	$113M	4.6%	$79.64 *	$77.43	-3.3%	COM	885160101
CVX	CHEVRON CORP NEW	554,991	$90.55M	3.7%	$163.16 *	$74.37	+95.1%	COM	166764100
LEN/B	LENNAR CORP	98,073	$8.759M	0.4%	$89.31 *	$53.57	+51.2%	CL B	526057302
RPV	INVESCO EXCHANGE TRADED FD T	106,251	$8.065M	0.3%	$75.90	$77.22	-1.7%	S&P500 PUR VAL	46137V258
JEF	JEFFERIES FINL GROUP INC	220,812	$7.009M	0.3%	$31.74 *	$20.48	+42.1%	COM	47233W109
BCS	BARCLAYS PLC	743,358	$5.345M	0.2%	$7.19	$8.12	-11.4%	ADR	06738E204
LILAK	LIBERTY LATIN AMERICA LTD	581,275	$4.801M	0.2%	$8.26	$13.72	-39.8%	COM CL C	G9001E128
DELL	DELL TECHNOLOGIES INC	103,213	$4.15M	0.2%	$40.21 *	$40.37	-5.7%	CL C	24703L202
BSV	VANGUARD BD INDEX FDS	45,117	$3.451M	0.1%	$76.49	$80.08	-4.5%	SHORT TRM BOND	921937827
—	HOWARD HUGHES CORP	37,661	$3.013M	0.1%	$80.00	$92.91	—	COM	44267D107
NRDY	NERDY INC	648,702	$2.712M	0.1%	$4.18	$3.49	+19.9%	CL A COM	64081V109
IAC	IAC INC	38,959	$2.01M	0.1%	$51.60 *	$62.84	-32.6%	COM NEW	44891N208
MRK	MERCK & CO INC	14,763	$1.571M	0.1%	$106.39 *	$71.00	+37.7%	COM	58933Y105
FPH	FIVE POINT HOLDINGS LLC	568,659	$1.342M	0.1%	$2.36	$6.88	-65.7%	COM CL A	33833Q106
AER	AERCAP HOLDINGS NV	18,000	$1.012M	0.0%	$56.23	$59.03	-6.2%	SHS	N00985106
SCHZ	SCHWAB STRATEGIC TR	20,212	$948K	0.0%	$46.91 *	$26.52	-11.6%	US AGGREGATE B	808524839
SMBC	SOUTHERN MO BANCORP INC	21,213	$794K	0.0%	$37.41 *	$39.27	-9.8%	COM	843380106
VTI	VANGUARD INDEX FDS	3,764	$768K	0.0%	$204.11	$181.15	+12.7%	TOTAL STK MKT	922908769
FND	FLOOR & DECOR HLDGS INC	7,649	$751K	0.0%	$98.22	$100.47	-2.2%	CL A	339750101
IBP	INSTALLED BLDG PRODS INC	6,329	$722K	0.0%	$114.03 *	$98.30	+11.7%	COM	45780R101
VTV	VANGUARD INDEX FDS	4,165	$575K	0.0%	$138.11	$108.62	+27.1%	VALUE ETF	922908744
VTS	VITESSE ENERGY INC	19,252	$366K	0.0%	$19.03	$17.24	+10.4%	COMMON STOCK	92852X103
CRK	COMSTOCK RES INC	32,834	$354K	0.0%	$10.79 *	$6.45	+61.3%	COM	205768302
—	ACTIVISION BLIZZARD INC	3,627	$310K	0.0%	$85.59	$80.26	—	COM	00507V109
SLDP	SOLID POWER INC	85,000	$256K	0.0%	$3.01	$7.81	-61.5%	CLASS A COM	83422N105
EARN	ELLINGTON RESIDENTIAL MTG RE	14,851	$108K	0.0%	$7.30	$7.30	—	COM SHS BEN INT	288578107
NINEQ	NINE ENERGY SERVICE INC	10,000	$55,600	0.0%	$5.56 *	$10.34	0.0%	COM	65441V101