ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q2 2014 (← Previous) (Next →)

Filing Date: Aug 14, 2014

Total Value: $654M (100.0% shares, 0.0% debt)

Holdings (26)

HUM Humana Inc 11.1%

Value $72.35M Shares 566,447 Share Price $127.72 * Est. Cost/Share $76.87 Unrealized @ Report Date +40.4%

INTC Intel Corporation 10.6%

Value $68.97M Shares 2,231,999 Share Price $30.90 * Est. Cost/Share $17.48 Unrealized @ Report Date +18.3%

MSFT Microsoft 10.3%

Value $67.13M Shares 1,609,939 Share Price $41.70 * Est. Cost/Share $27.75 Unrealized @ Report Date +22.4%

JNJ Johnson & Johnson 10.1%

Value $65.96M Shares 630,494 Share Price $104.62 * Est. Cost/Share $61.89 Unrealized @ Report Date +18.2%

JPM J P Morgan Chase & Co. 9.4%

Value $61.33M Shares 1,064,340 Share Price $57.62 * Est. Cost/Share $37.54 Unrealized @ Report Date +9.7%

SYY Sysco Corporation 9.0%

Value $59.06M Shares 1,576,982 Share Price $37.45 * Est. Cost/Share $24.69 Unrealized @ Report Date +9.0%

MRK Merck & Co Inc 9.0%

Value $58.52M Shares 1,011,566 Share Price $57.85 * Est. Cost/Share $30.52 Unrealized @ Report Date +24.4%

— Vodafone Group PlC NEW 8.5%

Value $55.61M Shares 1,665,350 Share Price $33.39 Est. Cost/Share $30.96 Unrealized @ Report Date —

WMT Wal-Mart Stores Inc 6.6%

Value $43.45M Shares 578,865 Share Price $75.07 * Est. Cost/Share $20.09 Unrealized @ Report Date +2.2%

— Resolute Forest Products 5.5%

Value $35.68M Shares 2,126,403 Share Price $16.78 Est. Cost/Share $17.99 Unrealized @ Report Date —

BRK/B Berkshire Hathaway Inc 4.9%

Value $31.95M Shares 252,422 Share Price $126.56 Est. Cost/Share $110.51 Unrealized @ Report Date +14.5%

LMT Lockheed Martin 4.3%

Value $28.28M Shares 175,955 Share Price $160.73 * Est. Cost/Share $73.70 Unrealized @ Report Date +60.5%

VTI Vanguard Stock Index 0.2%

Value $1.012M Shares 9,943 Share Price $101.78 Est. Cost/Share $82.66 Unrealized @ Report Date —

— J P Morgan Chase & Co. 0.1%

Value $812K Shares 42,000 Share Price $19.33 Est. Cost/Share $15.60 Unrealized @ Report Date —

BSV Vanguard Bond Index Fund 0.1%

Value $634K Shares 7,888 Share Price $80.38 Est. Cost/Share $80.13 Unrealized @ Report Date —

— Berkshire Hathaway Inc 0.1%

Value $380K Shares 2 Share Price $190000.00 Est. Cost/Share $168500.00 Unrealized @ Report Date —

MET Metlife Inc 0.1%

Value $361K Shares 6,500 Share Price $55.54 * Est. Cost/Share $31.07 Unrealized @ Report Date +2.5%

NSC Norfolk Southern Corp 0.1%

Value $361K Shares 3,500 Share Price $103.14 * Est. Cost/Share $71.41 Unrealized @ Report Date +6.4%

TEVA Teva Pharmaceuticals 0.1%

Value $351K Shares 6,700 Share Price $52.39 Est. Cost/Share $52.84 Unrealized @ Report Date —

SMBC Southern Missouri Bancorp 0.0%

Value $303K Shares 8,500 Share Price $35.65 * Est. Cost/Share $12.57 Unrealized @ Report Date +14.7%

C Citigroup Inc 0.0%

Value $268K Shares 5,700 Share Price $47.02 * Est. Cost/Share $37.07 Unrealized @ Report Date -4.5%

PG Proctor & Gamble 0.0%

Value $245K Shares 3,119 Share Price $78.55 * Est. Cost/Share $55.00 Unrealized @ Report Date +6.0%

NAVI Navient Corp 0.0%

Value $197K Shares 11,120 Share Price $17.72 * Est. Cost/Share $16.58 Unrealized @ Report Date 0.0%

KINS Kingstone Companies Inc 0.0%

Value $167K Shares 25,000 Share Price $6.68 * Est. Cost/Share $4.55 Unrealized @ Report Date +13.1%

SLM SLM Corp 0.0%

Value $92,000 Shares 11,120 Share Price $8.27 * Est. Cost/Share $8.73 Unrealized @ Report Date +0.9%

F Ford Motor Company 0.0%

Value $90,000 Shares 5,200 Share Price $17.31 * Est. Cost/Share $8.37 Unrealized @ Report Date +5.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HUM	Humana Inc	566,447	$72.35M	11.1%	$127.72 *	$76.87	+40.4%	COM	444859102
INTC	Intel Corporation	2,231,999	$68.97M	10.6%	$30.90 *	$17.48	+18.3%	COM	458140100
MSFT	Microsoft	1,609,939	$67.13M	10.3%	$41.70 *	$27.75	+22.4%	COM	594918104
JNJ	Johnson & Johnson	630,494	$65.96M	10.1%	$104.62 *	$61.89	+18.2%	COM	478160104
JPM	J P Morgan Chase & Co.	1,064,340	$61.33M	9.4%	$57.62 *	$37.54	+9.7%	COM	46625H100
SYY	Sysco Corporation	1,576,982	$59.06M	9.0%	$37.45 *	$24.69	+9.0%	COM	871829107
MRK	Merck & Co Inc	1,011,566	$58.52M	9.0%	$57.85 *	$30.52	+24.4%	COM	58933Y105
—	Vodafone Group PlC NEW	1,665,350	$55.61M	8.5%	$33.39	$30.96	—	SPONS ADR NEW	92857W209
WMT	Wal-Mart Stores Inc	578,865	$43.45M	6.6%	$75.07 *	$20.09	+2.2%	COM	931142103
—	Resolute Forest Products	2,126,403	$35.68M	5.5%	$16.78	$17.99	—	COM	76117W109
BRK/B	Berkshire Hathaway Inc	252,422	$31.95M	4.9%	$126.56	$110.51	+14.5%	CL B New	084670702
LMT	Lockheed Martin	175,955	$28.28M	4.3%	$160.73 *	$73.70	+60.5%	COM	539830109
VTI	Vanguard Stock Index	9,943	$1.012M	0.2%	$101.78	$82.66	—	TOT STK MKT	922908769
—	J P Morgan Chase & Co.	42,000	$812K	0.1%	$19.33	$15.60	—	*W EXP 10/28/2018	46634E114
BSV	Vanguard Bond Index Fund	7,888	$634K	0.1%	$80.38	$80.13	—	SHORT TRM BOND	921937827
—	Berkshire Hathaway Inc	2	$380K	0.1%	$190000.00	$168500.00	—	COM	084990175
MET	Metlife Inc	6,500	$361K	0.1%	$55.54 *	$31.07	+2.5%	COM	59156R108
NSC	Norfolk Southern Corp	3,500	$361K	0.1%	$103.14 *	$71.41	+6.4%	COM	655844108
TEVA	Teva Pharmaceuticals	6,700	$351K	0.1%	$52.39	$52.84	—	ADR	881624209
SMBC	Southern Missouri Bancorp	8,500	$303K	0.0%	$35.65 *	$12.57	+14.7%	COM	843380106
C	Citigroup Inc	5,700	$268K	0.0%	$47.02 *	$37.07	-4.5%	COM	172967424
PG	Proctor & Gamble	3,119	$245K	0.0%	$78.55 *	$55.00	+6.0%	COM	742718109
NAVI	Navient Corp	11,120	$197K	0.0%	$17.72 *	$16.58	0.0%	COM	63938C108
KINS	Kingstone Companies Inc	25,000	$167K	0.0%	$6.68 *	$4.55	+13.1%	COM	496719105
SLM	SLM Corp	11,120	$92,000	0.0%	$8.27 *	$8.73	+0.9%	COM	78442P106
F	Ford Motor Company	5,200	$90,000	0.0%	$17.31 *	$8.37	+5.9%	COM	345370860