ACR Alpine Capital Research, LLC Long-Term Concentrated

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 30, 2025

Total Value: $5.853B (100.0% shares, 0.0% debt)

Holdings (35)

GBIL GOLDMAN SACHS ETF TR 8.2%

Value $478M Shares 4,768,657 Share Price $100.23 Est. Cost/Share $100.17 Unrealized @ Report Date —

GM GENERAL MTRS CO 7.5%

Value $441M Shares 7,236,999 Share Price $60.97 * Est. Cost/Share $37.84 Unrealized @ Report Date +46.8%

THO THOR INDS INC 7.3%

Value $426M Shares 4,107,070 Share Price $103.69 * Est. Cost/Share $91.11 Unrealized @ Report Date +9.5%

JNJ JOHNSON & JOHNSON 7.1%

Value $414M Shares 2,232,076 Share Price $185.42 * Est. Cost/Share $142.92 Unrealized @ Report Date +18.6%

FDX FEDEX CORP 7.0%

Value $407M Shares 1,726,667 Share Price $235.81 * Est. Cost/Share $249.41 Unrealized @ Report Date -8.5%

DG DOLLAR GEN CORP NEW 6.9%

Value $403M Shares 3,895,406 Share Price $103.35 * Est. Cost/Share $77.02 Unrealized @ Report Date +41.4%

CVX CHEVRON CORP NEW 6.6%

Value $384M Shares 2,471,567 Share Price $155.29 Est. Cost/Share $137.50 Unrealized @ Report Date +10.7%

C CITIGROUP INC 6.2%

Value $366M Shares 3,601,290 Share Price $101.50 * Est. Cost/Share $52.12 Unrealized @ Report Date +80.6%

LEN LENNAR CORP 6.2%

Value $363M Shares 2,880,031 Share Price $126.04 Est. Cost/Share $127.59 Unrealized @ Report Date -3.1%

MSFT MICROSOFT CORP 6.1%

Value $359M Shares 693,079 Share Price $517.95 Est. Cost/Share $351.61 Unrealized @ Report Date +44.7%

JPM JPMORGAN CHASE & CO. 5.9%

Value $347M Shares 1,100,218 Share Price $315.43 * Est. Cost/Share $157.02 Unrealized @ Report Date +88.5%

VOD VODAFONE GROUP PLC NEW 5.2%

Value $303M Shares 26,095,086 Share Price $11.60 Est. Cost/Share $10.01 Unrealized @ Report Date —

ARW ARROW ELECTRS INC 5.0%

Value $292M Shares 2,416,815 Share Price $121.00 * Est. Cost/Share $115.97 Unrealized @ Report Date +8.5%

MGA MAGNA INTL INC 4.9%

Value $288M Shares 6,076,011 Share Price $47.38 * Est. Cost/Share $46.71 Unrealized @ Report Date -6.2%

LBTYA LIBERTY GLOBAL LTD 4.2%

Value $243M Shares 21,237,740 Share Price $11.46 * Est. Cost/Share $11.25 Unrealized @ Report Date -2.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.9%

Value $114M Shares 226,049 Share Price $502.74 * Est. Cost/Share $313.56 Unrealized @ Report Date +54.5%

LBTYK LIBERTY GLOBAL LTD 1.4%

Value $83.72M Shares 7,125,306 Share Price $11.75 * Est. Cost/Share $9.07 Unrealized @ Report Date +23.5%

BRK/A BERKSHIRE HATHAWAY INC DEL 1.1%

Value $64.11M Shares 85 Share Price $754200.00 * Est. Cost/Share $692527.00 Unrealized @ Report Date +5.0%

DELL DELL TECHNOLOGIES INC 0.3%

Value $14.92M Shares 105,217 Share Price $141.77 * Est. Cost/Share $67.22 Unrealized @ Report Date +92.2%

SGOV ISHARES TR 0.2%

Value $9.667M Shares 96,000 Share Price $100.70 Est. Cost/Share $100.70 Unrealized @ Report Date —

BCS BARCLAYS PLC 0.2%

Value $9.384M Shares 454,000 Share Price $20.67 Est. Cost/Share $7.67 Unrealized @ Report Date —

FPH FIVE POINT HOLDINGS LLC 0.1%

Value $6.514M Shares 1,062,657 Share Price $6.13 * Est. Cost/Share $4.02 Unrealized @ Report Date +44.5%

MGM MGM RESORTS INTERNATIONAL 0.1%

Value $6.266M Shares 180,789 Share Price $34.66 * Est. Cost/Share $40.77 Unrealized @ Report Date -10.0%

IAC IAC INC 0.1%

Value $6.191M Shares 181,719 Share Price $34.07 * Est. Cost/Share $42.43 Unrealized @ Report Date -12.1%

LILAK LIBERTY LATIN AMERICA LTD 0.1%

Value $4.955M Shares 587,130 Share Price $8.44 * Est. Cost/Share $6.91 Unrealized @ Report Date +8.7%

JEF JEFFERIES FINL GROUP INC 0.1%

Value $3.49M Shares 53,352 Share Price $65.42 * Est. Cost/Share $34.99 Unrealized @ Report Date +71.2%

LEN/B LENNAR CORP 0.1%

Value $3.466M Shares 28,883 Share Price $119.99 * Est. Cost/Share $90.25 Unrealized @ Report Date +30.1%

MRK MERCK & CO INC 0.1%

Value $3.033M Shares 36,139 Share Price $83.93 * Est. Cost/Share $89.23 Unrealized @ Report Date -9.2%

SMBC SOUTHERN MO BANCORP INC 0.0%

Value $2.797M Shares 53,207 Share Price $52.56 * Est. Cost/Share $40.97 Unrealized @ Report Date +34.6%

CORZ CORE SCIENTIFIC INC NEW 0.0%

Value $2.781M Shares 155,000 Share Price $17.94 * Est. Cost/Share $10.70 Unrealized @ Report Date +37.1%

APG API GROUP CORP 0.0%

Value $2.067M Shares 60,153 Share Price $34.37 Est. Cost/Share $29.21 Unrealized @ Report Date +19.5%

KW KENNEDY-WILSON HOLDINGS INC 0.0%

Value $1.544M Shares 185,589 Share Price $8.32 * Est. Cost/Share $8.19 Unrealized @ Report Date -2.0%

SLDP SOLID POWER INC 0.0%

Value $295K Shares 85,000 Share Price $3.47 * Est. Cost/Share $4.69 Unrealized @ Report Date -19.7%

NFE NEW FORTRESS ENERGY INC 0.0%

Value $265K Shares 120,000 Share Price $2.21 * Est. Cost/Share $2.85 Unrealized @ Report Date 0.0%

NINEQ NINE ENERGY SERVICE INC 0.0%

Value $9,479 Shares 15,000 Share Price $0.63 * Est. Cost/Share $5.47 Unrealized @ Report Date -87.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GBIL	GOLDMAN SACHS ETF TR	4,768,657	$478M	8.2%	$100.23	$100.17	—	ACCES TREASURY	381430529
GM	GENERAL MTRS CO	7,236,999	$441M	7.5%	$60.97 *	$37.84	+46.8%	COM	37045V100
THO	THOR INDS INC	4,107,070	$426M	7.3%	$103.69 *	$91.11	+9.5%	COM	885160101
JNJ	JOHNSON & JOHNSON	2,232,076	$414M	7.1%	$185.42 *	$142.92	+18.6%	COM	478160104
FDX	FEDEX CORP	1,726,667	$407M	7.0%	$235.81 *	$249.41	-8.5%	COM	31428X106
DG	DOLLAR GEN CORP NEW	3,895,406	$403M	6.9%	$103.35 *	$77.02	+41.4%	COM	256677105
CVX	CHEVRON CORP NEW	2,471,567	$384M	6.6%	$155.29	$137.50	+10.7%	COM	166764100
C	CITIGROUP INC	3,601,290	$366M	6.2%	$101.50 *	$52.12	+80.6%	COM NEW	172967424
LEN	LENNAR CORP	2,880,031	$363M	6.2%	$126.04	$127.59	-3.1%	CL A	526057104
MSFT	MICROSOFT CORP	693,079	$359M	6.1%	$517.95	$351.61	+44.7%	COM	594918104
JPM	JPMORGAN CHASE & CO.	1,100,218	$347M	5.9%	$315.43 *	$157.02	+88.5%	COM	46625H100
VOD	VODAFONE GROUP PLC NEW	26,095,086	$303M	5.2%	$11.60	$10.01	—	SPONSORED ADR	92857W308
ARW	ARROW ELECTRS INC	2,416,815	$292M	5.0%	$121.00 *	$115.97	+8.5%	COM	042735100
MGA	MAGNA INTL INC	6,076,011	$288M	4.9%	$47.38 *	$46.71	-6.2%	COM	559222401
LBTYA	LIBERTY GLOBAL LTD	21,237,740	$243M	4.2%	$11.46 *	$11.25	-2.2%	COM CL A	G61188101
BRK/B	BERKSHIRE HATHAWAY INC DEL	226,049	$114M	1.9%	$502.74 *	$313.56	+54.5%	CL B NEW	084670702
LBTYK	LIBERTY GLOBAL LTD	7,125,306	$83.72M	1.4%	$11.75 *	$9.07	+23.5%	COM CL C	G61188127
BRK/A	BERKSHIRE HATHAWAY INC DEL	85	$64.11M	1.1%	$754200.00 *	$692527.00	+5.0%	CL A	084670108
DELL	DELL TECHNOLOGIES INC	105,217	$14.92M	0.3%	$141.77 *	$67.22	+92.2%	CL C	24703L202
SGOV	ISHARES TR	96,000	$9.667M	0.2%	$100.70	$100.70	—	0-3 MNTH TREASRY	46436E718
BCS	BARCLAYS PLC	454,000	$9.384M	0.2%	$20.67	$7.67	—	ADR	06738E204
FPH	FIVE POINT HOLDINGS LLC	1,062,657	$6.514M	0.1%	$6.13 *	$4.02	+44.5%	COM CL A	33833Q106
MGM	MGM RESORTS INTERNATIONAL	180,789	$6.266M	0.1%	$34.66 *	$40.77	-10.0%	COM	552953101
IAC	IAC INC	181,719	$6.191M	0.1%	$34.07 *	$42.43	-12.1%	COM NEW	44891N208
LILAK	LIBERTY LATIN AMERICA LTD	587,130	$4.955M	0.1%	$8.44 *	$6.91	+8.7%	COM CL C	G9001E128
JEF	JEFFERIES FINL GROUP INC	53,352	$3.49M	0.1%	$65.42 *	$34.99	+71.2%	COM	47233W109
LEN/B	LENNAR CORP	28,883	$3.466M	0.1%	$119.99 *	$90.25	+30.1%	CL B	526057302
MRK	MERCK & CO INC	36,139	$3.033M	0.1%	$83.93 *	$89.23	-9.2%	COM	58933Y105
SMBC	SOUTHERN MO BANCORP INC	53,207	$2.797M	0.0%	$52.56 *	$40.97	+34.6%	COM	843380106
CORZ	CORE SCIENTIFIC INC NEW	155,000	$2.781M	0.0%	$17.94 *	$10.70	+37.1%	COM	21874A106
APG	API GROUP CORP	60,153	$2.067M	0.0%	$34.37	$29.21	+19.5%	COM STK	00187Y100
KW	KENNEDY-WILSON HOLDINGS INC	185,589	$1.544M	0.0%	$8.32 *	$8.19	-2.0%	COM	489398107
SLDP	SOLID POWER INC	85,000	$295K	0.0%	$3.47 *	$4.69	-19.7%	CLASS A COM	83422N105
NFE	NEW FORTRESS ENERGY INC	120,000	$265K	0.0%	$2.21 *	$2.85	0.0%	COM CL A	644393100
NINEQ	NINE ENERGY SERVICE INC	15,000	$9,479	0.0%	$0.63 *	$5.47	-87.0%	COM	65441V101