ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Jan 5, 2018

Total Value: $1.851B (99.9% shares, 0.1% debt)

Holdings (30)

GBIL Goldman Sachs Treas Acc ETF 28.6%

Value $530M Shares 5,291,121 Share Price $100.15 Est. Cost/Share $100.15 Unrealized @ Report Date —

MSFT Microsoft 7.3%

Value $135M Shares 1,815,715 Share Price $74.49 * Est. Cost/Share $31.59 Unrealized @ Report Date +111.1%

— Liberty Global Plc 6.1%

Value $113M Shares 3,448,227 Share Price $32.70 Est. Cost/Share $31.35 Unrealized @ Report Date —

— Express Scripts Hldg Co 5.9%

Value $109M Shares 1,723,327 Share Price $63.32 Est. Cost/Share $73.35 Unrealized @ Report Date —

— Vodafone Group PlC NEW 5.9%

Value $109M Shares 3,814,519 Share Price $28.46 Est. Cost/Share $30.58 Unrealized @ Report Date —

JNJ Johnson & Johnson 5.9%

Value $108M Shares 834,253 Share Price $130.01 * Est. Cost/Share $67.26 Unrealized @ Report Date +56.1%

— Level 3 Communications 5.8%

Value $107M Shares 2,008,892 Share Price $53.29 Est. Cost/Share $50.09 Unrealized @ Report Date —

— General Motors 5.4%

Value $99.5M Shares 2,464,019 Share Price $40.38 Est. Cost/Share $35.12 Unrealized @ Report Date —

BRK/B Berkshire Hathaway Inc 5.1%

Value $94.17M Shares 513,688 Share Price $183.32 * Est. Cost/Share $124.92 Unrealized @ Report Date +41.5%

— SPX Flow Inc 5.0%

Value $91.69M Shares 2,377,742 Share Price $38.56 Est. Cost/Share $29.66 Unrealized @ Report Date —

AAP Advance Auto Parts Inc 4.9%

Value $91.02M Shares 917,552 Share Price $99.20 * Est. Cost/Share $88.61 Unrealized @ Report Date 0.0%

— SPX Corp 4.1%

Value $76.25M Shares 2,598,683 Share Price $29.34 Est. Cost/Share $13.96 Unrealized @ Report Date —

INTC Intel Corporation 3.8%

Value $70.47M Shares 1,850,647 Share Price $38.08 * Est. Cost/Share $23.38 Unrealized @ Report Date +26.6%

JPM J P Morgan Chase & Co. 3.5%

Value $64.72M Shares 677,659 Share Price $95.51 * Est. Cost/Share $40.84 Unrealized @ Report Date +80.4%

— Resolute Forest Products 1.4%

Value $25.99M Shares 5,146,056 Share Price $5.05 Est. Cost/Share $11.20 Unrealized @ Report Date —

— Liberty Global Plc Cl C 0.3%

Value $5.898M Shares 253,136 Share Price $23.30 Est. Cost/Share $32.44 Unrealized @ Report Date —

— Howard Hughes Corp 0.3%

Value $4.788M Shares 40,597 Share Price $117.94 Est. Cost/Share $118.36 Unrealized @ Report Date —

BSV Vanguard Bond Index Fund 0.2%

Value $3.944M Shares 49,406 Share Price $79.83 Est. Cost/Share $80.25 Unrealized @ Report Date —

KINS Kingstone Companies Inc 0.2%

Value $3.398M Shares 208,452 Share Price $16.30 * Est. Cost/Share $7.91 Unrealized @ Report Date +67.6%

— Tenneco Inc 0.1%

Value $2.111M Shares 34,800 Share Price $60.66 Est. Cost/Share $60.66 Unrealized @ Report Date —

— Comstock Res Inc 0.1%

Value $1.6M Shares 2,000,000 Share Price $0.80 Est. Cost/Share $0.80 Unrealized @ Report Date —

— DELL Tech Cl V 0.0%

Value $823K Shares 10,657 Share Price $77.23 Est. Cost/Share $47.76 Unrealized @ Report Date —

VTEB Vanguard Muni Bnd Tax 0.0%

Value $726K Shares 14,053 Share Price $51.66 Est. Cost/Share $52.34 Unrealized @ Report Date —

MRK Merck & Co Inc 0.0%

Value $599K Shares 9,352 Share Price $64.05 * Est. Cost/Share $32.92 Unrealized @ Report Date +41.8%

— Berkshire Hathaway Inc 0.0%

Value $549K Shares 200 Share Price $2745.00 Est. Cost/Share $2149.80 Unrealized @ Report Date —

EMBJ Embraer SA 0.0%

Value $509K Shares 22,500 Share Price $22.62 Est. Cost/Share $19.41 Unrealized @ Report Date —

SCHZ Schwab Strategic Tr 0.0%

Value $465K Shares 8,881 Share Price $52.36 Est. Cost/Share $52.13 Unrealized @ Report Date —

MBI MBIA Inc 0.0%

Value $449K Shares 51,600 Share Price $8.70 * Est. Cost/Share $3.59 Unrealized @ Report Date +22.0%

CRK Comstock Resources 0.0%

Value $304K Shares 50,000 Share Price $6.08 Est. Cost/Share $6.16 Unrealized @ Report Date 0.0%

VTI Vanguard Stock Index 0.0%

Value $162K Shares 1,247 Share Price $129.91 Est. Cost/Share $84.08 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GBIL	Goldman Sachs Treas Acc ETF	5,291,121	$530M	28.6%	$100.15	$100.15	—	TREASURYACCESS	381430529
MSFT	Microsoft	1,815,715	$135M	7.3%	$74.49 *	$31.59	+111.1%	COM	594918104
—	Liberty Global Plc	3,448,227	$113M	6.1%	$32.70	$31.35	—	COM	G5480U120
—	Express Scripts Hldg Co	1,723,327	$109M	5.9%	$63.32	$73.35	—	COM	30219G108
—	Vodafone Group PlC NEW	3,814,519	$109M	5.9%	$28.46	$30.58	—	SPONS ADR NEW	92857W209
JNJ	Johnson & Johnson	834,253	$108M	5.9%	$130.01 *	$67.26	+56.1%	COM	478160104
—	Level 3 Communications	2,008,892	$107M	5.8%	$53.29	$50.09	—	COM	52729N308
—	General Motors	2,464,019	$99.5M	5.4%	$40.38	$35.12	—	COM	37045v100
BRK/B	Berkshire Hathaway Inc	513,688	$94.17M	5.1%	$183.32 *	$124.92	+41.5%	CL B New	084670702
—	SPX Flow Inc	2,377,742	$91.69M	5.0%	$38.56	$29.66	—	COM	78469X107
AAP	Advance Auto Parts Inc	917,552	$91.02M	4.9%	$99.20 *	$88.61	0.0%	COM	00751Y106
—	SPX Corp	2,598,683	$76.25M	4.1%	$29.34	$13.96	—	COM	784635104
INTC	Intel Corporation	1,850,647	$70.47M	3.8%	$38.08 *	$23.38	+26.6%	COM	458140100
JPM	J P Morgan Chase & Co.	677,659	$64.72M	3.5%	$95.51 *	$40.84	+80.4%	COM	46625H100
—	Resolute Forest Products	5,146,056	$25.99M	1.4%	$5.05	$11.20	—	COM	76117W109
—	Liberty Global Plc Cl C	253,136	$5.898M	0.3%	$23.30	$32.44	—	SHS CL C	G5480U153
—	Howard Hughes Corp	40,597	$4.788M	0.3%	$117.94	$118.36	—	COM	44267D107
BSV	Vanguard Bond Index Fund	49,406	$3.944M	0.2%	$79.83	$80.25	—	SHORT TRM BOND	921937827
KINS	Kingstone Companies Inc	208,452	$3.398M	0.2%	$16.30 *	$7.91	+67.6%	COM	496719105
—	Tenneco Inc	34,800	$2.111M	0.1%	$60.66	$60.66	—	COM	880349105
—	Comstock Res Inc	2,000,000	$1.6M	0.1%	$0.80	$0.80	—	NOTE 7.750% 4/0	205768am6
—	DELL Tech Cl V	10,657	$823K	0.0%	$77.23	$47.76	—	COM	24703L103
VTEB	Vanguard Muni Bnd Tax	14,053	$726K	0.0%	$51.66	$52.34	—	MUNI BOND	922907746
MRK	Merck & Co Inc	9,352	$599K	0.0%	$64.05 *	$32.92	+41.8%	COM	58933Y105
—	Berkshire Hathaway Inc	200	$549K	0.0%	$2745.00	$2149.80	—	COM	084990175
EMBJ	Embraer SA	22,500	$509K	0.0%	$22.62	$19.41	—	COM	29082A107
SCHZ	Schwab Strategic Tr	8,881	$465K	0.0%	$52.36	$52.13	—	US AGGREGATE B	808524839
MBI	MBIA Inc	51,600	$449K	0.0%	$8.70 *	$3.59	+22.0%	COM	55262C100
CRK	Comstock Resources	50,000	$304K	0.0%	$6.08	$6.16	0.0%	COM	205768302
VTI	Vanguard Stock Index	1,247	$162K	0.0%	$129.91	$84.08	—	TOT STK MKT	922908769