ACR Alpine Capital Research, LLC Long-Term Concentrated

Name: ACR Alpine Capital Research, LLC Q3 2026 13F Filing | 13F Explorer
Creator: ACR Alpine Capital Research, LLC
Published: 2026-11-02

Location: St. Louis, MO

CIK: 0001508822 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Nov 2, 2026

Total Value: $7.355B (100.0% shares, 0.0% debt)

Holdings (40)

New Positions (4)

BRC BRADY CORP 0.1%

Value $5.452M Shares 65,296 Share Price $83.49 Est. Cost/Share $91.09 Unrealized @ Report Date -8.3%

TSN TYSON FOODS INC 0.1%

Value $4.962M Shares 98,195 Share Price $50.53 Est. Cost/Share $56.06 Unrealized @ Report Date -9.9%

ACN ACCENTURE PLC IRELAND 0.0%

Value $3.117M Shares 17,000 Share Price $183.37 Est. Cost/Share $168.99 Unrealized @ Report Date +8.5%

NFE NEW FORTRESS ENERGY INC 0.0%

Value $151K Shares 24,074 Share Price $6.27 Est. Cost/Share $6.27 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRC	BRADY CORP	65,296	$5.452M	0.1%	$83.49	$91.09	-8.3%	CL A	104674106
TSN	TYSON FOODS INC	98,195	$4.962M	0.1%	$50.53	$56.06	-9.9%	CL A	902494103
ACN	ACCENTURE PLC IRELAND	17,000	$3.117M	0.0%	$183.37	$168.99	+8.5%	SHS CLASS A	G1151C101
NFE	NEW FORTRESS ENERGY INC	24,074	$151K	0.0%	$6.27	$6.27	—	COM CL A	644393308

Increased Positions (20)

ELV ELEVANCE HEALTH INC FORMERLY 4.9%

Value $357M (+25.2%) Shares 919,031 (+24.5%) Share Price $388.82 Est. Cost/Share $376.41 Unrealized @ Report Date +3.3%

RPV INVESCO EXCHANGE TRADED FD T 0.4%

Value $28.81M (+5965.2%) Shares 251,095 (+5917.1%) Share Price $114.73 Est. Cost/Share $119.47 Unrealized @ Report Date -4.0%

C CITIGROUP INC 3.7%

Value $275M (-5.5%) Shares 2,120,671 (+2.2%) Share Price $129.48 Est. Cost/Share $53.87 Unrealized @ Report Date +140.4%

THO THOR INDS INC 5.4%

Value $400M (-3.8%) Shares 5,781,882 (+4.6%) Share Price $69.10 Est. Cost/Share $90.35 Unrealized @ Report Date -23.5%

GM GENERAL MTRS CO 4.9%

Value $358M (+4.4%) Shares 4,645,689 (+4.5%) Share Price $77.00 Est. Cost/Share $43.49 Unrealized @ Report Date +77.0%

GBIL GOLDMAN SACHS ETF TR 18.6%

Value $1.368B (+1.0%) Shares 13,660,162 (+1.1%) Share Price $100.11 Est. Cost/Share $100.02 Unrealized @ Report Date +0.1%

LEN LENNAR CORP 6.0%

Value $439M (+2.3%) Shares 5,379,210 (+13.4%) Share Price $81.59 Est. Cost/Share $114.59 Unrealized @ Report Date -28.8%

LBTYK LIBERTY GLOBAL LTD 1.2%

Value $90.33M (-7.1%) Shares 10,161,204 (+14.9%) Share Price $8.89 Est. Cost/Share $9.80 Unrealized @ Report Date -9.3%

IAC PEOPLE INC 0.2%

Value $15.23M (+13.1%) Shares 363,022 (+24.4%) Share Price $41.96 Est. Cost/Share $38.88 Unrealized @ Report Date —

MGM MGM RESORTS INTERNATIONAL 0.0%

Value $3.116M (-29.8%) Shares 100,363 (+8.2%) Share Price $31.05 Est. Cost/Share $39.65 Unrealized @ Report Date -21.7%

MRK MERCK & CO INC 0.1%

Value $6.491M (+22.8%) Shares 44,670 (+8.6%) Share Price $145.31 Est. Cost/Share $95.72 Unrealized @ Report Date +51.8%

CRK COMSTOCK RES INC 0.1%

Value $6.979M (-14.4%) Shares 566,470 (+3.7%) Share Price $12.32 Est. Cost/Share $15.23 Unrealized @ Report Date -19.1%

SGOV ISHARES TR 0.3%

Value $22.97M (+5.3%) Shares 228,160 (+5.3%) Share Price $100.68 Est. Cost/Share $100.53 Unrealized @ Report Date +0.2%

ZD ZIFF DAVIS INC 0.1%

Value $5.29M (+16.7%) Shares 93,317 (+7.8%) Share Price $56.69 Est. Cost/Share $39.33 Unrealized @ Report Date +44.1%

SATS ECHOSTAR CORP 0.1%

Value $7.158M (+6.8%) Shares 80,058 (+21.2%) Share Price $89.41 Est. Cost/Share $115.79 Unrealized @ Report Date —

TLN TALEN ENERGY CORP 0.0%

Value $2.877M (+15.2%) Shares 9,200 (+41.5%) Share Price $312.69 Est. Cost/Share $356.88 Unrealized @ Report Date -12.4%

FPH FIVE POINT HOLDINGS LLC 0.1%

Value $6.604M (-2.8%) Shares 1,411,192 (+9.5%) Share Price $4.68 Est. Cost/Share $4.33 Unrealized @ Report Date +8.0%

APG API GROUP CORP 0.0%

Value $2.954M (+5.1%) Shares 76,541 (+15.3%) Share Price $38.60 Est. Cost/Share $31.65 Unrealized @ Report Date +21.9%

JEF JEFFERIES FINANCIAL GROUP IN 0.1%

Value $6.589M (+1.8%) Shares 144,095 (+11.2%) Share Price $45.73 Est. Cost/Share $47.10 Unrealized @ Report Date -2.9%

LEN/B LENNAR CORP 0.0%

Value $3.595M (-0.3%) Shares 44,941 (+10.6%) Share Price $79.99 Est. Cost/Share $90.58 Unrealized @ Report Date -11.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ELV	ELEVANCE HEALTH INC FORMERLY	919,031 (+24.5%)	$357M (+25.2%)	4.9%	$388.82	$376.41	+3.3%	COM	036752103
RPV	INVESCO EXCHANGE TRADED FD T	251,095 (+5917.1%)	$28.81M (+5965.2%)	0.4%	$114.73	$119.47	-4.0%	S&P500 PUR VAL	46137V258
C	CITIGROUP INC	2,120,671 (+2.2%)	$275M (-5.5%)	3.7%	$129.48	$53.87	+140.4%	COM NEW	172967424
THO	THOR INDS INC	5,781,882 (+4.6%)	$400M (-3.8%)	5.4%	$69.10	$90.35	-23.5%	COM	885160101
GM	GENERAL MTRS CO	4,645,689 (+4.5%)	$358M (+4.4%)	4.9%	$77.00	$43.49	+77.0%	COM	37045V100
GBIL	GOLDMAN SACHS ETF TR	13,660,162 (+1.1%)	$1.368B (+1.0%)	18.6%	$100.11	$100.02	+0.1%	ACCES TREASURY	381430529
LEN	LENNAR CORP	5,379,210 (+13.4%)	$439M (+2.3%)	6.0%	$81.59	$114.59	-28.8%	CL A	526057104
LBTYK	LIBERTY GLOBAL LTD	10,161,204 (+14.9%)	$90.33M (-7.1%)	1.2%	$8.89	$9.80	-9.3%	COM CL C	G61188127
IAC	PEOPLE INC	363,022 (+24.4%)	$15.23M (+13.1%)	0.2%	$41.96	$38.88	—	COM NEW	44891N208
MGM	MGM RESORTS INTERNATIONAL	100,363 (+8.2%)	$3.116M (-29.8%)	0.0%	$31.05	$39.65	-21.7%	COM	552953101
MRK	MERCK & CO INC	44,670 (+8.6%)	$6.491M (+22.8%)	0.1%	$145.31	$95.72	+51.8%	COM	58933Y105
CRK	COMSTOCK RES INC	566,470 (+3.7%)	$6.979M (-14.4%)	0.1%	$12.32	$15.23	-19.1%	COM	205768302
SGOV	ISHARES TR	228,160 (+5.3%)	$22.97M (+5.3%)	0.3%	$100.68	$100.53	+0.2%	0-3 MTH TREASURY	46436E718
ZD	ZIFF DAVIS INC	93,317 (+7.8%)	$5.29M (+16.7%)	0.1%	$56.69	$39.33	+44.1%	COM	48123V102
SATS	ECHOSTAR CORP	80,058 (+21.2%)	$7.158M (+6.8%)	0.1%	$89.41	$115.79	—	CL A	278768106
TLN	TALEN ENERGY CORP	9,200 (+41.5%)	$2.877M (+15.2%)	0.0%	$312.69	$356.88	-12.4%	COM	87422Q109
FPH	FIVE POINT HOLDINGS LLC	1,411,192 (+9.5%)	$6.604M (-2.8%)	0.1%	$4.68	$4.33	+8.0%	COM CL A	33833Q106
APG	API GROUP CORP	76,541 (+15.3%)	$2.954M (+5.1%)	0.0%	$38.60	$31.65	+21.9%	COM STK	00187Y100
JEF	JEFFERIES FINANCIAL GROUP IN	144,095 (+11.2%)	$6.589M (+1.8%)	0.1%	$45.73	$47.10	-2.9%	COM	47233W109
LEN/B	LENNAR CORP	44,941 (+10.6%)	$3.595M (-0.3%)	0.0%	$79.99	$90.58	-11.7%	CL B	526057302

Exited Positions (2)

FDXF FEDEX FGHT HLDG CO INC 0.0%

Value $231K Shares 1,533 Share Price $151.00 * Est. Cost/Share $163.79 Unrealized @ Report Date -33.2%

NFE NEW FORTRESS ENERGY INC 0.0%

Value $43,572 Shares 120,000 Share Price $0.36 * Est. Cost/Share $2.85 Unrealized @ Report Date +120.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FDXF	FEDEX FGHT HLDG CO INC	1,533	$231K	0.0%	$151.00 *	$163.79	-33.2%	—	314352105
NFE	NEW FORTRESS ENERGY INC	120,000	$43,572	0.0%	$0.36 *	$2.85	+120.3%	—	644393100

Decreased Positions (5)

FDX FEDEX CORP 3.3%

Value $243M (-30.3%) Shares 851,944 (-23.4%) Share Price $285.09 Est. Cost/Share $249.41 Unrealized @ Report Date +14.3%

LBTYA LIBERTY GLOBAL LTD 2.7%

Value $201M (-25.2%) Shares 21,979,807 (-6.8%) Share Price $9.13 Est. Cost/Share $11.28 Unrealized @ Report Date -19.1%

DELL DELL TECHNOLOGIES INC 0.3%

Value $21.02M (-17.2%) Shares 39,066 (-33.6%) Share Price $537.95 Est. Cost/Share $73.91 Unrealized @ Report Date +627.9%

SMBC SOUTHERN MO BANCORP INC 0.1%

Value $4.433M (-36.1%) Shares 62,528 (-31.3%) Share Price $70.90 Est. Cost/Share $47.42 Unrealized @ Report Date +49.5%

BCS BARCLAYS PLC 0.1%

Value $10.44M (-14.4%) Shares 430,000 (-5.3%) Share Price $24.27 Est. Cost/Share $8.02 Unrealized @ Report Date +202.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FDX	FEDEX CORP	851,944 (-23.4%)	$243M (-30.3%)	3.3%	$285.09	$249.41	+14.3%	COM	31428X106
LBTYA	LIBERTY GLOBAL LTD	21,979,807 (-6.8%)	$201M (-25.2%)	2.7%	$9.13	$11.28	-19.1%	COM CL A	G61188101
DELL	DELL TECHNOLOGIES INC	39,066 (-33.6%)	$21.02M (-17.2%)	0.3%	$537.95	$73.91	+627.9%	CL C	24703L202
SMBC	SOUTHERN MO BANCORP INC	62,528 (-31.3%)	$4.433M (-36.1%)	0.1%	$70.90	$47.42	+49.5%	COM	843380106
BCS	BARCLAYS PLC	430,000 (-5.3%)	$10.44M (-14.4%)	0.1%	$24.27	$8.02	+202.7%	ADR	06738E204

Unchanged Positions (11)

MSFT MICROSOFT CORP 7.9%

Value $584M Shares 1,138,644 Share Price $512.90 Est. Cost/Share $375.53 Unrealized @ Report Date +36.6%

CVX CHEVRON CORPORATION 7.7%

Value $568M Shares 2,783,736 Share Price $204.21 Est. Cost/Share $139.87 Unrealized @ Report Date +46.0%

VOD VODAFONE GROUP PLC 5.3%

Value $389M Shares 24,060,313 Share Price $16.15 Est. Cost/Share $10.29 Unrealized @ Report Date +57.0%

JNJ JOHNSON & JOHNSON 7.7%

Value $564M Shares 2,131,745 Share Price $264.74 Est. Cost/Share $142.92 Unrealized @ Report Date +85.2%

ARW ARROW ELECTRS INC 4.5%

Value $329M Shares 1,449,437 Share Price $227.00 Est. Cost/Share $116.07 Unrealized @ Report Date +95.6%

MGA MAGNA INTL INC 4.1%

Value $304M Shares 4,773,926 Share Price $63.67 Est. Cost/Share $46.71 Unrealized @ Report Date +36.3%

DG DOLLAR GEN CORP 2.8%

Value $208M Shares 1,737,618 Share Price $119.58 Est. Cost/Share $89.85 Unrealized @ Report Date +33.1%

JPM JPMORGAN CHASE & CO 4.4%

Value $322M Shares 972,535 Share Price $330.83 Est. Cost/Share $157.02 Unrealized @ Report Date +110.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.7%

Value $123M Shares 246,140 Share Price $497.95 Est. Cost/Share $326.64 Unrealized @ Report Date +52.4%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.9%

Value $63.5M Shares 85 Share Price $747005.00 Est. Cost/Share $692527.00 Unrealized @ Report Date +7.9%

LILAK LIBERTY LATIN AMERICA LTD 0.0%

Value $2.915M Shares 354,642 Share Price $8.22 Est. Cost/Share $6.91 Unrealized @ Report Date +19.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	1,138,644	$584M	7.9%	$512.90	$375.53	+36.6%	COM	594918104
CVX	CHEVRON CORPORATION	2,783,736	$568M	7.7%	$204.21	$139.87	+46.0%	COM	166764100
VOD	VODAFONE GROUP PLC	24,060,313	$389M	5.3%	$16.15	$10.29	+57.0%	SPONSORED ADR	92857W308
JNJ	JOHNSON & JOHNSON	2,131,745	$564M	7.7%	$264.74	$142.92	+85.2%	COM	478160104
ARW	ARROW ELECTRS INC	1,449,437	$329M	4.5%	$227.00	$116.07	+95.6%	COM	042735100
MGA	MAGNA INTL INC	4,773,926	$304M	4.1%	$63.67	$46.71	+36.3%	COM	559222401
DG	DOLLAR GEN CORP	1,737,618	$208M	2.8%	$119.58	$89.85	+33.1%	COM	256677105
JPM	JPMORGAN CHASE & CO	972,535	$322M	4.4%	$330.83	$157.02	+110.7%	COM	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL	246,140	$123M	1.7%	$497.95	$326.64	+52.4%	CL B NEW	084670702
BRK/A	BERKSHIRE HATHAWAY INC DEL	85	$63.5M	0.9%	$747005.00	$692527.00	+7.9%	CL A	084670108
LILAK	LIBERTY LATIN AMERICA LTD	354,642	$2.915M	0.0%	$8.22	$6.91	+19.0%	COM CL C	G9001E128