ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 12, 2014

Total Value: $600M (100.0% shares, 0.0% debt)

Holdings (27)

MSFT Microsoft 10.4%

Value $62.61M Shares 1,527,466 Share Price $40.99 * Est. Cost/Share $27.41 Unrealized @ Report Date +14.0%

HUM Humana Inc 10.4%

Value $62.28M Shares 552,559 Share Price $112.72 * Est. Cost/Share $76.09 Unrealized @ Report Date +24.5%

JNJ Johnson & Johnson 10.1%

Value $60.46M Shares 615,483 Share Price $98.23 * Est. Cost/Share $61.61 Unrealized @ Report Date +8.1%

JPM J P Morgan Chase & Co. 10.0%

Value $60.02M Shares 988,696 Share Price $60.71 * Est. Cost/Share $37.26 Unrealized @ Report Date +12.9%

MRK Merck & Co Inc 9.7%

Value $58.37M Shares 1,028,222 Share Price $56.77 * Est. Cost/Share $30.52 Unrealized @ Report Date +17.1%

INTC Intel Corporation 9.3%

Value $55.61M Shares 2,154,149 Share Price $25.81 * Est. Cost/Share $17.37 Unrealized @ Report Date +7.5%

SYY Sysco Corporation 9.1%

Value $54.42M Shares 1,506,296 Share Price $36.13 * Est. Cost/Share $24.58 Unrealized @ Report Date +6.2%

— Vodafone Group PlC NEW 7.0%

Value $41.81M Shares 1,135,900 Share Price $36.81 Est. Cost/Share $29.83 Unrealized @ Report Date —

WMT Wal-Mart Stores Inc 6.7%

Value $40.35M Shares 527,937 Share Price $76.43 * Est. Cost/Share $20.05 Unrealized @ Report Date -0.7%

BRK/B Berkshire Hathaway Inc 5.3%

Value $31.81M Shares 254,575 Share Price $124.97 * Est. Cost/Share $110.51 Unrealized @ Report Date +5.7%

LMT Lockheed Martin 4.9%

Value $29.31M Shares 179,543 Share Price $163.24 * Est. Cost/Share $73.70 Unrealized @ Report Date +53.8%

ITW Illinois Tool Works Inc 3.6%

Value $21.4M Shares 263,178 Share Price $81.33 * Est. Cost/Share $50.80 Unrealized @ Report Date +20.6%

— Resolute Forest Products 2.7%

Value $16.26M Shares 809,348 Share Price $20.09 Est. Cost/Share $19.97 Unrealized @ Report Date —

VTI Vanguard Stock Index 0.2%

Value $961K Shares 9,862 Share Price $97.44 Est. Cost/Share $82.66 Unrealized @ Report Date —

— J P Morgan Chase & Co. 0.1%

Value $848K Shares 42,000 Share Price $20.19 Est. Cost/Share $15.60 Unrealized @ Report Date —

BSV Vanguard Bond Index Fund 0.1%

Value $632K Shares 7,888 Share Price $80.12 Est. Cost/Share $80.13 Unrealized @ Report Date —

— Berkshire Hathaway Inc 0.1%

Value $375K Shares 2 Share Price $187500.00 Est. Cost/Share $168500.00 Unrealized @ Report Date —

TEVA Teva Pharmaceuticals 0.1%

Value $354K Shares 6,700 Share Price $52.84 Est. Cost/Share $52.84 Unrealized @ Report Date —

MET Metlife Inc 0.1%

Value $343K Shares 6,500 Share Price $52.77 * Est. Cost/Share $31.07 Unrealized @ Report Date 0.0%

NSC Norfolk Southern Corp 0.1%

Value $340K Shares 3,500 Share Price $97.14 * Est. Cost/Share $71.41 Unrealized @ Report Date 0.0%

F Ford Motor Company 0.1%

Value $307K Shares 19,700 Share Price $15.58 * Est. Cost/Share $8.37 Unrealized @ Report Date 0.0%

NWL Newell Rubbermaid Inc 0.0%

Value $298K Shares 9,977 Share Price $29.87 * Est. Cost/Share $19.93 Unrealized @ Report Date 0.0%

SMBC Southern Missouri Bancorp 0.0%

Value $293K Shares 8,500 Share Price $34.47 * Est. Cost/Share $12.57 Unrealized @ Report Date +9.6%

SLM SLM Corp 0.0%

Value $272K Shares 11,120 Share Price $24.46 * Est. Cost/Share $8.73 Unrealized @ Report Date 0.0%

C Citigroup Inc 0.0%

Value $271K Shares 5,700 Share Price $47.54 * Est. Cost/Share $37.07 Unrealized @ Report Date 0.0%

PG Proctor & Gamble 0.0%

Value $257K Shares 3,183 Share Price $80.74 * Est. Cost/Share $55.00 Unrealized @ Report Date +2.7%

KINS Kingstone Companies Inc 0.0%

Value $174K Shares 25,000 Share Price $6.96 * Est. Cost/Share $4.55 Unrealized @ Report Date +23.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	Microsoft	1,527,466	$62.61M	10.4%	$40.99 *	$27.41	+14.0%	COM	594918104
HUM	Humana Inc	552,559	$62.28M	10.4%	$112.72 *	$76.09	+24.5%	COM	444859102
JNJ	Johnson & Johnson	615,483	$60.46M	10.1%	$98.23 *	$61.61	+8.1%	COM	478160104
JPM	J P Morgan Chase & Co.	988,696	$60.02M	10.0%	$60.71 *	$37.26	+12.9%	COM	46625H100
MRK	Merck & Co Inc	1,028,222	$58.37M	9.7%	$56.77 *	$30.52	+17.1%	COM	58933Y105
INTC	Intel Corporation	2,154,149	$55.61M	9.3%	$25.81 *	$17.37	+7.5%	COM	458140100
SYY	Sysco Corporation	1,506,296	$54.42M	9.1%	$36.13 *	$24.58	+6.2%	COM	871829107
—	Vodafone Group PlC NEW	1,135,900	$41.81M	7.0%	$36.81	$29.83	—	SPONS ADR NEW	92857W209
WMT	Wal-Mart Stores Inc	527,937	$40.35M	6.7%	$76.43 *	$20.05	-0.7%	COM	931142103
BRK/B	Berkshire Hathaway Inc	254,575	$31.81M	5.3%	$124.97 *	$110.51	+5.7%	CL B New	084670702
LMT	Lockheed Martin	179,543	$29.31M	4.9%	$163.24 *	$73.70	+53.8%	COM	539830109
ITW	Illinois Tool Works Inc	263,178	$21.4M	3.6%	$81.33 *	$50.80	+20.6%	COM	452308109
—	Resolute Forest Products	809,348	$16.26M	2.7%	$20.09	$19.97	—	COM	76117W109
VTI	Vanguard Stock Index	9,862	$961K	0.2%	$97.44	$82.66	—	TOT STK MKT	922908769
—	J P Morgan Chase & Co.	42,000	$848K	0.1%	$20.19	$15.60	—	*W EXP 10/28/2018	46634E114
BSV	Vanguard Bond Index Fund	7,888	$632K	0.1%	$80.12	$80.13	—	SHORT TRM BOND	921937827
—	Berkshire Hathaway Inc	2	$375K	0.1%	$187500.00	$168500.00	—	COM	084990175
TEVA	Teva Pharmaceuticals	6,700	$354K	0.1%	$52.84	$52.84	—	ADR	881624209
MET	Metlife Inc	6,500	$343K	0.1%	$52.77 *	$31.07	0.0%	COM	59156R108
NSC	Norfolk Southern Corp	3,500	$340K	0.1%	$97.14 *	$71.41	0.0%	COM	655844108
F	Ford Motor Company	19,700	$307K	0.1%	$15.58 *	$8.37	0.0%	COM	345370860
NWL	Newell Rubbermaid Inc	9,977	$298K	0.0%	$29.87 *	$19.93	0.0%	COM	651229106
SMBC	Southern Missouri Bancorp	8,500	$293K	0.0%	$34.47 *	$12.57	+9.6%	COM	843380106
SLM	SLM Corp	11,120	$272K	0.0%	$24.46 *	$8.73	0.0%	COM	78442P106
C	Citigroup Inc	5,700	$271K	0.0%	$47.54 *	$37.07	0.0%	COM	172967424
PG	Proctor & Gamble	3,183	$257K	0.0%	$80.74 *	$55.00	+2.7%	COM	742718109
KINS	Kingstone Companies Inc	25,000	$174K	0.0%	$6.96 *	$4.55	+23.4%	COM	496719105