ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Jul 24, 2023

Total Value: $2.652B (100.0% shares, 0.0% debt)

Holdings (39)

FDX FEDEX CORP 9.4%

Value $249M Shares 1,003,321 Share Price $247.90 * Est. Cost/Share $196.27 Unrealized @ Report Date +10.1%

GM GENERAL MTRS CO 8.0%

Value $213M Shares 5,520,213 Share Price $38.56 * Est. Cost/Share $34.89 Unrealized @ Report Date -3.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 7.8%

Value $206M Shares 604,667 Share Price $341.00 * Est. Cost/Share $166.65 Unrealized @ Report Date +95.8%

JPM JPMORGAN CHASE & CO 7.6%

Value $200M Shares 1,377,646 Share Price $145.44 * Est. Cost/Share $89.12 Unrealized @ Report Date +45.5%

LEN LENNAR CORP 7.5%

Value $200M Shares 1,595,400 Share Price $125.31 * Est. Cost/Share $69.41 Unrealized @ Report Date +51.5%

MSFT MICROSOFT CORP 7.4%

Value $197M Shares 578,789 Share Price $340.54 * Est. Cost/Share $159.66 Unrealized @ Report Date +92.4%

MGA MAGNA INTL INC 7.4%

Value $196M Shares 3,467,570 Share Price $56.44 * Est. Cost/Share $48.10 Unrealized @ Report Date -0.2%

C CITIGROUP INC 7.1%

Value $187M Shares 4,062,577 Share Price $46.04 * Est. Cost/Share $49.32 Unrealized @ Report Date -13.3%

— LIBERTY GLOBAL PLC 7.0%

Value $186M Shares 10,455,829 Share Price $17.77 Est. Cost/Share $24.10 Unrealized @ Report Date —

VOD VODAFONE GROUP PLC NEW 6.6%

Value $176M Shares 18,637,140 Share Price $9.45 Est. Cost/Share $17.30 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 6.0%

Value $158M Shares 954,518 Share Price $165.52 * Est. Cost/Share $93.39 Unrealized @ Report Date +59.4%

THO THOR INDS INC 5.6%

Value $150M Shares 1,446,387 Share Price $103.50 * Est. Cost/Share $77.47 Unrealized @ Report Date +3.1%

GBIL GOLDMAN SACHS ETF TR 5.5%

Value $145M Shares 1,449,239 Share Price $100.07 Est. Cost/Share $100.08 Unrealized @ Report Date —

CVX CHEVRON CORP NEW 4.7%

Value $126M Shares 799,019 Share Price $157.35 * Est. Cost/Share $95.40 Unrealized @ Report Date +50.1%

LEN/B LENNAR CORP 0.4%

Value $9.285M Shares 82,181 Share Price $112.98 * Est. Cost/Share $53.57 Unrealized @ Report Date +67.6%

RPV INVESCO EXCHANGE TRADED FD T 0.3%

Value $8.208M Shares 105,844 Share Price $77.55 Est. Cost/Share $77.07 Unrealized @ Report Date —

JEF JEFFERIES FINL GROUP INC 0.3%

Value $7M Shares 211,030 Share Price $33.17 * Est. Cost/Share $20.48 Unrealized @ Report Date +40.5%

BCS BARCLAYS PLC 0.3%

Value $6.656M Shares 846,858 Share Price $7.86 Est. Cost/Share $7.36 Unrealized @ Report Date —

DELL DELL TECHNOLOGIES INC 0.2%

Value $5.582M Shares 103,153 Share Price $54.11 * Est. Cost/Share $40.37 Unrealized @ Report Date +8.7%

LILAK LIBERTY LATIN AMERICA LTD 0.2%

Value $4.983M Shares 578,091 Share Price $8.62 * Est. Cost/Share $13.72 Unrealized @ Report Date -40.3%

BSV VANGUARD BD INDEX FDS 0.1%

Value $3.138M Shares 41,525 Share Price $75.57 Est. Cost/Share $79.89 Unrealized @ Report Date —

NRDY NERDY INC 0.1%

Value $2.738M Shares 656,646 Share Price $4.17 * Est. Cost/Share $3.49 Unrealized @ Report Date +1.9%

IAC IAC INC 0.1%

Value $2.449M Shares 38,991 Share Price $62.80 * Est. Cost/Share $62.84 Unrealized @ Report Date -27.1%

— HOWARD HUGHES CORP 0.1%

Value $2.031M Shares 25,735 Share Price $78.92 Est. Cost/Share $92.91 Unrealized @ Report Date —

MRK MERCK & CO INC 0.1%

Value $1.704M Shares 14,767 Share Price $115.39 * Est. Cost/Share $71.00 Unrealized @ Report Date +47.1%

FPH FIVE POINT HOLDINGS LLC 0.1%

Value $1.634M Shares 565,385 Share Price $2.89 * Est. Cost/Share $6.88 Unrealized @ Report Date -65.1%

SMBC SOUTHERN MO BANCORP INC 0.1%

Value $1.566M Shares 40,724 Share Price $38.45 * Est. Cost/Share $37.21 Unrealized @ Report Date -6.0%

AER AERCAP HOLDINGS NV 0.0%

Value $1.143M Shares 18,000 Share Price $63.52 * Est. Cost/Share $59.03 Unrealized @ Report Date -3.8%

IBP INSTALLED BLDG PRODS INC 0.0%

Value $886K Shares 6,320 Share Price $140.16 * Est. Cost/Share $98.30 Unrealized @ Report Date +15.5%

SCHZ SCHWAB STRATEGIC TR 0.0%

Value $837K Shares 18,133 Share Price $46.16 Est. Cost/Share $53.11 Unrealized @ Report Date —

VTI VANGUARD INDEX FDS 0.0%

Value $796K Shares 3,614 Share Price $220.25 Est. Cost/Share $185.33 Unrealized @ Report Date —

FND FLOOR & DECOR HLDGS INC 0.0%

Value $794K Shares 7,640 Share Price $103.96 * Est. Cost/Share $100.47 Unrealized @ Report Date -4.8%

VTV VANGUARD INDEX FDS 0.0%

Value $579K Shares 4,077 Share Price $142.12 Est. Cost/Share $107.51 Unrealized @ Report Date —

CRK COMSTOCK RES INC 0.0%

Value $380K Shares 32,738 Share Price $11.60 * Est. Cost/Share $6.45 Unrealized @ Report Date +56.4%

— ACTIVISION BLIZZARD INC 0.0%

Value $306K Shares 3,627 Share Price $84.30 Est. Cost/Share $80.26 Unrealized @ Report Date —

SLDP SOLID POWER INC 0.0%

Value $216K Shares 85,000 Share Price $2.54 * Est. Cost/Share $7.81 Unrealized @ Report Date -70.4%

VTS VITESSE ENERGY INC 0.0%

Value $201K Shares 8,971 Share Price $22.40 * Est. Cost/Share $17.24 Unrealized @ Report Date +21.0%

EARN ELLINGTON RESIDENTIAL MTG RE 0.0%

Value $107K Shares 14,851 Share Price $7.21 Est. Cost/Share $7.30 Unrealized @ Report Date —

NINEQ NINE ENERGY SERVICE INC 0.0%

Value $57,450 Shares 15,000 Share Price $3.83 Est. Cost/Share $8.17 Unrealized @ Report Date -52.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FDX	FEDEX CORP	1,003,321	$249M	9.4%	$247.90 *	$196.27	+10.1%	COM	31428X106
GM	GENERAL MTRS CO	5,520,213	$213M	8.0%	$38.56 *	$34.89	-3.6%	COM	37045V100
BRK/B	BERKSHIRE HATHAWAY INC DEL	604,667	$206M	7.8%	$341.00 *	$166.65	+95.8%	CL B NEW	084670702
JPM	JPMORGAN CHASE & CO	1,377,646	$200M	7.6%	$145.44 *	$89.12	+45.5%	COM	46625H100
LEN	LENNAR CORP	1,595,400	$200M	7.5%	$125.31 *	$69.41	+51.5%	CL A	526057104
MSFT	MICROSOFT CORP	578,789	$197M	7.4%	$340.54 *	$159.66	+92.4%	COM	594918104
MGA	MAGNA INTL INC	3,467,570	$196M	7.4%	$56.44 *	$48.10	-0.2%	COM	559222401
C	CITIGROUP INC	4,062,577	$187M	7.1%	$46.04 *	$49.32	-13.3%	COM NEW	172967424
—	LIBERTY GLOBAL PLC	10,455,829	$186M	7.0%	$17.77	$24.10	—	SHS CL C	G5480U120
VOD	VODAFONE GROUP PLC NEW	18,637,140	$176M	6.6%	$9.45	$17.30	—	SPONSORED ADR	92857W308
JNJ	JOHNSON & JOHNSON	954,518	$158M	6.0%	$165.52 *	$93.39	+59.4%	COM	478160104
THO	THOR INDS INC	1,446,387	$150M	5.6%	$103.50 *	$77.47	+3.1%	COM	885160101
GBIL	GOLDMAN SACHS ETF TR	1,449,239	$145M	5.5%	$100.07	$100.08	—	ACCES TREASURY	381430529
CVX	CHEVRON CORP NEW	799,019	$126M	4.7%	$157.35 *	$95.40	+50.1%	COM	166764100
LEN/B	LENNAR CORP	82,181	$9.285M	0.4%	$112.98 *	$53.57	+67.6%	CL B	526057302
RPV	INVESCO EXCHANGE TRADED FD T	105,844	$8.208M	0.3%	$77.55	$77.07	—	S&P500 PUR VAL	46137V258
JEF	JEFFERIES FINL GROUP INC	211,030	$7M	0.3%	$33.17 *	$20.48	+40.5%	COM	47233W109
BCS	BARCLAYS PLC	846,858	$6.656M	0.3%	$7.86	$7.36	—	ADR	06738E204
DELL	DELL TECHNOLOGIES INC	103,153	$5.582M	0.2%	$54.11 *	$40.37	+8.7%	CL C	24703L202
LILAK	LIBERTY LATIN AMERICA LTD	578,091	$4.983M	0.2%	$8.62 *	$13.72	-40.3%	COM CL C	G9001E128
BSV	VANGUARD BD INDEX FDS	41,525	$3.138M	0.1%	$75.57	$79.89	—	SHORT TRM BOND	921937827
NRDY	NERDY INC	656,646	$2.738M	0.1%	$4.17 *	$3.49	+1.9%	CL A COM	64081V109
IAC	IAC INC	38,991	$2.449M	0.1%	$62.80 *	$62.84	-27.1%	COM NEW	44891N208
—	HOWARD HUGHES CORP	25,735	$2.031M	0.1%	$78.92	$92.91	—	COM	44267D107
MRK	MERCK & CO INC	14,767	$1.704M	0.1%	$115.39 *	$71.00	+47.1%	COM	58933Y105
FPH	FIVE POINT HOLDINGS LLC	565,385	$1.634M	0.1%	$2.89 *	$6.88	-65.1%	COM CL A	33833Q106
SMBC	SOUTHERN MO BANCORP INC	40,724	$1.566M	0.1%	$38.45 *	$37.21	-6.0%	COM	843380106
AER	AERCAP HOLDINGS NV	18,000	$1.143M	0.0%	$63.52 *	$59.03	-3.8%	SHS	N00985106
IBP	INSTALLED BLDG PRODS INC	6,320	$886K	0.0%	$140.16 *	$98.30	+15.5%	COM	45780R101
SCHZ	SCHWAB STRATEGIC TR	18,133	$837K	0.0%	$46.16	$53.11	—	US AGGREGATE B	808524839
VTI	VANGUARD INDEX FDS	3,614	$796K	0.0%	$220.25	$185.33	—	TOTAL STK MKT	922908769
FND	FLOOR & DECOR HLDGS INC	7,640	$794K	0.0%	$103.96 *	$100.47	-4.8%	CL A	339750101
VTV	VANGUARD INDEX FDS	4,077	$579K	0.0%	$142.12	$107.51	—	VALUE ETF	922908744
CRK	COMSTOCK RES INC	32,738	$380K	0.0%	$11.60 *	$6.45	+56.4%	COM	205768302
—	ACTIVISION BLIZZARD INC	3,627	$306K	0.0%	$84.30	$80.26	—	COM	00507V109
SLDP	SOLID POWER INC	85,000	$216K	0.0%	$2.54 *	$7.81	-70.4%	CLASS A COM	83422N105
VTS	VITESSE ENERGY INC	8,971	$201K	0.0%	$22.40 *	$17.24	+21.0%	COMMON STOCK	92852X103
EARN	ELLINGTON RESIDENTIAL MTG RE	14,851	$107K	0.0%	$7.21	$7.30	—	COM SHS BEN INT	288578107
NINEQ	NINE ENERGY SERVICE INC	15,000	$57,450	0.0%	$3.83	$8.17	-52.9%	COM	65441V101