ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 1, 2025

Total Value: $5.586B (100.0% shares, 0.0% debt)

Holdings (36)

GBIL GOLDMAN SACHS ETF TR 9.0%

Value $500M Shares 4,993,717 Share Price $100.15 Est. Cost/Share $99.96 Unrealized @ Report Date +0.2%

C CITIGROUP INC 8.7%

Value $485M Shares 5,695,946 Share Price $85.12 Est. Cost/Share $52.12 Unrealized @ Report Date +61.3%

DG DOLLAR GEN CORP NEW 8.6%

Value $478M Shares 4,177,842 Share Price $114.38 Est. Cost/Share $77.02 Unrealized @ Report Date +46.9%

THO THOR INDS INC 6.8%

Value $379M Shares 4,265,031 Share Price $88.81 Est. Cost/Share $91.11 Unrealized @ Report Date -4.0%

GM GENERAL MTRS CO 6.8%

Value $378M Shares 7,690,243 Share Price $49.21 Est. Cost/Share $37.84 Unrealized @ Report Date +29.4%

FDX FEDEX CORP 6.5%

Value $362M Shares 1,594,721 Share Price $227.31 Est. Cost/Share $251.16 Unrealized @ Report Date -10.5%

MSFT MICROSOFT CORP 6.3%

Value $354M Shares 712,318 Share Price $497.41 Est. Cost/Share $351.61 Unrealized @ Report Date +41.0%

CVX CHEVRON CORP NEW 6.2%

Value $346M Shares 2,419,150 Share Price $143.19 * Est. Cost/Share $137.18 Unrealized @ Report Date +2.1%

JNJ JOHNSON & JOHNSON 6.1%

Value $340M Shares 2,228,942 Share Price $152.75 Est. Cost/Share $142.92 Unrealized @ Report Date +5.4%

JPM JPMORGAN CHASE & CO. 5.9%

Value $330M Shares 1,139,366 Share Price $289.91 Est. Cost/Share $157.02 Unrealized @ Report Date +82.9%

LEN LENNAR CORP 5.9%

Value $327M Shares 2,955,813 Share Price $110.61 Est. Cost/Share $127.59 Unrealized @ Report Date -14.0%

VOD VODAFONE GROUP PLC NEW 4.9%

Value $276M Shares 25,866,761 Share Price $10.66 Est. Cost/Share $10.16 Unrealized @ Report Date +4.9%

ARW ARROW ELECTRS INC 4.9%

Value $275M Shares 2,156,373 Share Price $127.43 Est. Cost/Share $114.78 Unrealized @ Report Date +11.0%

MGA MAGNA INTL INC 4.2%

Value $232M Shares 6,018,606 Share Price $38.61 Est. Cost/Share $46.71 Unrealized @ Report Date -18.2%

LBTYA LIBERTY GLOBAL LTD 3.7%

Value $205M Shares 20,518,151 Share Price $10.01 Est. Cost/Share $11.26 Unrealized @ Report Date -11.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.0%

Value $110M Shares 226,321 Share Price $485.77 Est. Cost/Share $313.56 Unrealized @ Report Date +54.9%

LBTYK LIBERTY GLOBAL LTD 1.3%

Value $74.11M Shares 7,188,227 Share Price $10.31 Est. Cost/Share $9.07 Unrealized @ Report Date +13.7%

BRK/A BERKSHIRE HATHAWAY INC DEL 1.1%

Value $61.95M Shares 85 Share Price $728800.00 Est. Cost/Share $692527.00 Unrealized @ Report Date +5.2%

DELL DELL TECHNOLOGIES INC 0.2%

Value $12.8M Shares 104,395 Share Price $122.60 Est. Cost/Share $67.22 Unrealized @ Report Date +81.0%

BCS BARCLAYS PLC 0.2%

Value $12.23M Shares 658,122 Share Price $18.59 Est. Cost/Share $8.02 Unrealized @ Report Date +131.9%

IAC IAC INC 0.1%

Value $6.289M Shares 168,437 Share Price $37.34 Est. Cost/Share $42.83 Unrealized @ Report Date -12.8%

MGM MGM RESORTS INTERNATIONAL 0.1%

Value $6.025M Shares 175,194 Share Price $34.39 Est. Cost/Share $40.90 Unrealized @ Report Date -15.9%

FPH FIVE POINT HOLDINGS LLC 0.1%

Value $5.546M Shares 1,008,398 Share Price $5.50 Est. Cost/Share $3.92 Unrealized @ Report Date +40.2%

CORZ CORE SCIENTIFIC INC NEW 0.1%

Value $3.977M Shares 233,000 Share Price $17.07 Est. Cost/Share $10.70 Unrealized @ Report Date +59.6%

LEN/B LENNAR CORP 0.1%

Value $3.764M Shares 35,761 Share Price $105.25 Est. Cost/Share $90.25 Unrealized @ Report Date +15.0%

LILAK LIBERTY LATIN AMERICA LTD 0.1%

Value $3.663M Shares 588,958 Share Price $6.22 Est. Cost/Share $6.91 Unrealized @ Report Date -9.9%

JEF JEFFERIES FINL GROUP INC 0.1%

Value $2.914M Shares 53,280 Share Price $54.69 * Est. Cost/Share $34.99 Unrealized @ Report Date +53.0%

MRK MERCK & CO INC 0.0%

Value $2.677M Shares 33,822 Share Price $79.16 Est. Cost/Share $89.79 Unrealized @ Report Date -13.4%

SMBC SOUTHERN MO BANCORP INC 0.0%

Value $2.66M Shares 48,565 Share Price $54.78 Est. Cost/Share $39.62 Unrealized @ Report Date +36.5%

— HESS CORP 0.0%

Value $2.267M Shares 16,367 Share Price $138.54 Est. Cost/Share $146.10 Unrealized @ Report Date —

APG API GROUP CORP 0.0%

Value $2.015M Shares 39,472 Share Price $51.05 * Est. Cost/Share $26.23 Unrealized @ Report Date +29.7%

RPV INVESCO EXCHANGE TRADED FD T 0.0%

Value $1.975M Shares 21,062 Share Price $93.76 Est. Cost/Share $89.67 Unrealized @ Report Date +4.6%

KW KENNEDY-WILSON HOLDINGS INC 0.0%

Value $1.237M Shares 181,868 Share Price $6.80 Est. Cost/Share $8.19 Unrealized @ Report Date -17.0%

SLDP SOLID POWER INC 0.0%

Value $186K Shares 85,000 Share Price $2.19 Est. Cost/Share $4.69 Unrealized @ Report Date -53.4%

EARN ELLINGTON CREDIT COMPANY 0.0%

Value $68,874 Shares 11,978 Share Price $5.75 Est. Cost/Share $7.30 Unrealized @ Report Date —

NINEQ NINE ENERGY SERVICE INC 0.0%

Value $11,567 Shares 15,000 Share Price $0.77 Est. Cost/Share $5.47 Unrealized @ Report Date -86.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GBIL	GOLDMAN SACHS ETF TR	4,993,717	$500M	9.0%	$100.15	$99.96	+0.2%	ACCES TREASURY	381430529
C	CITIGROUP INC	5,695,946	$485M	8.7%	$85.12	$52.12	+61.3%	COM NEW	172967424
DG	DOLLAR GEN CORP NEW	4,177,842	$478M	8.6%	$114.38	$77.02	+46.9%	COM	256677105
THO	THOR INDS INC	4,265,031	$379M	6.8%	$88.81	$91.11	-4.0%	COM	885160101
GM	GENERAL MTRS CO	7,690,243	$378M	6.8%	$49.21	$37.84	+29.4%	COM	37045V100
FDX	FEDEX CORP	1,594,721	$362M	6.5%	$227.31	$251.16	-10.5%	COM	31428X106
MSFT	MICROSOFT CORP	712,318	$354M	6.3%	$497.41	$351.61	+41.0%	COM	594918104
CVX	CHEVRON CORP NEW	2,419,150	$346M	6.2%	$143.19 *	$137.18	+2.1%	COM	166764100
JNJ	JOHNSON & JOHNSON	2,228,942	$340M	6.1%	$152.75	$142.92	+5.4%	COM	478160104
JPM	JPMORGAN CHASE & CO.	1,139,366	$330M	5.9%	$289.91	$157.02	+82.9%	COM	46625H100
LEN	LENNAR CORP	2,955,813	$327M	5.9%	$110.61	$127.59	-14.0%	CL A	526057104
VOD	VODAFONE GROUP PLC NEW	25,866,761	$276M	4.9%	$10.66	$10.16	+4.9%	SPONSORED ADR	92857W308
ARW	ARROW ELECTRS INC	2,156,373	$275M	4.9%	$127.43	$114.78	+11.0%	COM	042735100
MGA	MAGNA INTL INC	6,018,606	$232M	4.2%	$38.61	$46.71	-18.2%	COM	559222401
LBTYA	LIBERTY GLOBAL LTD	20,518,151	$205M	3.7%	$10.01	$11.26	-11.1%	COM CL A	G61188101
BRK/B	BERKSHIRE HATHAWAY INC DEL	226,321	$110M	2.0%	$485.77	$313.56	+54.9%	CL B NEW	084670702
LBTYK	LIBERTY GLOBAL LTD	7,188,227	$74.11M	1.3%	$10.31	$9.07	+13.7%	COM CL C	G61188127
BRK/A	BERKSHIRE HATHAWAY INC DEL	85	$61.95M	1.1%	$728800.00	$692527.00	+5.2%	CL A	084670108
DELL	DELL TECHNOLOGIES INC	104,395	$12.8M	0.2%	$122.60	$67.22	+81.0%	CL C	24703L202
BCS	BARCLAYS PLC	658,122	$12.23M	0.2%	$18.59	$8.02	+131.9%	ADR	06738E204
IAC	IAC INC	168,437	$6.289M	0.1%	$37.34	$42.83	-12.8%	COM NEW	44891N208
MGM	MGM RESORTS INTERNATIONAL	175,194	$6.025M	0.1%	$34.39	$40.90	-15.9%	COM	552953101
FPH	FIVE POINT HOLDINGS LLC	1,008,398	$5.546M	0.1%	$5.50	$3.92	+40.2%	COM CL A	33833Q106
CORZ	CORE SCIENTIFIC INC NEW	233,000	$3.977M	0.1%	$17.07	$10.70	+59.6%	COM	21874A106
LEN/B	LENNAR CORP	35,761	$3.764M	0.1%	$105.25	$90.25	+15.0%	CL B	526057302
LILAK	LIBERTY LATIN AMERICA LTD	588,958	$3.663M	0.1%	$6.22	$6.91	-9.9%	COM CL C	G9001E128
JEF	JEFFERIES FINL GROUP INC	53,280	$2.914M	0.1%	$54.69 *	$34.99	+53.0%	COM	47233W109
MRK	MERCK & CO INC	33,822	$2.677M	0.0%	$79.16	$89.79	-13.4%	COM	58933Y105
SMBC	SOUTHERN MO BANCORP INC	48,565	$2.66M	0.0%	$54.78	$39.62	+36.5%	COM	843380106
—	HESS CORP	16,367	$2.267M	0.0%	$138.54	$146.10	—	COM	42809H107
APG	API GROUP CORP	39,472	$2.015M	0.0%	$51.05 *	$26.23	+29.7%	COM STK	00187Y100
RPV	INVESCO EXCHANGE TRADED FD T	21,062	$1.975M	0.0%	$93.76	$89.67	+4.6%	S&P500 PUR VAL	46137V258
KW	KENNEDY-WILSON HOLDINGS INC	181,868	$1.237M	0.0%	$6.80	$8.19	-17.0%	COM	489398107
SLDP	SOLID POWER INC	85,000	$186K	0.0%	$2.19	$4.69	-53.4%	CLASS A COM	83422N105
EARN	ELLINGTON CREDIT COMPANY	11,978	$68,874	0.0%	$5.75	$7.30	—	COM SHS BEN INT	288578107
NINEQ	NINE ENERGY SERVICE INC	15,000	$11,567	0.0%	$0.77	$5.47	-86.6%	COM	65441V101