Alpine Fox Capital LLC Hedge Fund

CIK: 0002096493 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $189,457 (78.3% shares, 21.7% debt)

Holdings (20)

New Positions (10)

CP Canadian Pacific Kansas City Limited 4.7%

Value ($000) $8,836 Shares 120,000 Est. Cost $73.60 Unrealized 0.0%

PEP PepsiCo, Inc. 2.4%

Value ($000) $4,521 Shares 31,500 Est. Cost $145.91 Unrealized 0.0%

BMY Bristol-Myers Squibb Company 1.4%

Value ($000) $2,697 Shares 50,000 Est. Cost $47.53 Unrealized 0.0%

LEN Lennar Corporation 1.4%

Value ($000) $2,570 Shares 25,000 Est. Cost $120.70 Unrealized 0.0%

TGT Target Corporation 1.3%

Value ($000) $2,444 Shares 25,000 Est. Cost $91.63 Unrealized 0.0%

— Strive Asset Management, LLC 1.2%

Value ($000) $2,325 Shares 3,150,345 Est. Cost $0.74 Unrealized —

WULF TeraWulf Inc. 0.6%

Value ($000) $1,149 Shares 100,000 Est. Cost $13.40 Unrealized 0.0%

BF/A Brown Forman Corporation 0.2%

Value ($000) $342 Shares 13,000 Est. Cost $27.75 Unrealized 0.0%

PYPL PayPal Holdings, Inc. 0.2%

Value ($000) $292 Shares 5,000 Est. Cost $64.84 Unrealized 0.0%

OPEN Opendoor Technologies Inc. 0.1%

Value ($000) $146 Shares 25,000 Est. Cost $7.30 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CP	Canadian Pacific Kansas City Limited	120,000	$8,836	4.7%	$73.60	0.0%	COM	13646K108
PEP	PepsiCo, Inc.	31,500	$4,521	2.4%	$145.91	0.0%	COM	713448108
BMY	Bristol-Myers Squibb Company	50,000	$2,697	1.4%	$47.53	0.0%	COM	110122108
LEN	Lennar Corporation	25,000	$2,570	1.4%	$120.70	0.0%	CL A	526057104
TGT	Target Corporation	25,000	$2,444	1.3%	$91.63	0.0%	COM	87612E106
—	Strive Asset Management, LLC	3,150,345	$2,325	1.2%	$0.74	—	CL A COM	862945102
WULF	TeraWulf Inc.	100,000	$1,149	0.6%	$13.40	0.0%	COM	88080T104
BF/A	Brown Forman Corporation	13,000	$342	0.2%	$27.75	0.0%	CL A	115637100
PYPL	PayPal Holdings, Inc.	5,000	$292	0.2%	$64.84	0.0%	COM	70450Y103
OPEN	Opendoor Technologies Inc.	25,000	$146	0.1%	$7.30	0.0%	COM	683712103

Increased Positions (5)

DEO Diageo PLC 5.6%

Value ($000) $10,525 (+359.5%) Shares 122,000 (+408.3%) Est. Cost $88.07 Unrealized —

STZ Constellation Brands, Inc. 7.3%

Value ($000) $13,796 (+51.8%) Shares 100,000 (+48.1%) Est. Cost $150.80 Unrealized -9.3%

NVO Novo Nordisk A/S 4.0%

Value ($000) $7,632 (+125.5%) Shares 150,000 (+145.9%) Est. Cost $52.75 Unrealized —

ETHA iShares Ethereum Trust ETF 1.7%

Value ($000) $3,185 (+44.4%) Shares 142,000 (+102.9%) Est. Cost $26.91 Unrealized —

CLSK CleanSpark, Inc. 0.3%

Value ($000) $506 (-12.8%) Shares 50,000 (+25.0%) Est. Cost $12.02 Unrealized +24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DEO	Diageo PLC	122,000 (+408.3%)	$10,525 (+359.5%)	5.6%	$88.07	—	SPON ADR NEW	25243Q205
STZ	Constellation Brands, Inc.	100,000 (+48.1%)	$13,796 (+51.8%)	7.3%	$150.80	-9.3%	CL A	21036P108
NVO	Novo Nordisk A/S	150,000 (+145.9%)	$7,632 (+125.5%)	4.0%	$52.75	—	ADR	670100205
ETHA	iShares Ethereum Trust ETF	142,000 (+102.9%)	$3,185 (+44.4%)	1.7%	$26.91	—	SHS	46438R105
CLSK	CleanSpark, Inc.	50,000 (+25.0%)	$506 (-12.8%)	0.3%	$12.02	+24.7%	COM NEW	18452B209

Exited Positions (3)

CIFR Cipher Mining Inc. 1.8%

Value ($000) $3,336 Shares 265,000 Est. Cost $7.54 Unrealized +134.0%

SBET SharpLink Gaming, Inc. 0.5%

Value ($000) $1,021 Shares 60,000 Est. Cost $19.64 Unrealized -37.8%

CLSK CleanSpark Inc. 0.5%

Value ($000) $870 Shares 60,000 Est. Cost $12.02 Unrealized +24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CIFR	Cipher Mining Inc.	265,000	$3,336	1.8%	$7.54	+134.0%	CALL	17253J106
SBET	SharpLink Gaming, Inc.	60,000	$1,021	0.5%	$19.64	-37.8%	—	820014405
CLSK	CleanSpark Inc.	60,000	$870	0.5%	$12.02	+24.7%	CALL	18452B209

Decreased Positions (2)

IBIT iShares Bitcoin Trust ETF 21.7%

Value ($000) $41,085 (-64.6%) Shares 827,500 (-53.6%) Est. Cost — Unrealized —

CIFR Cipher Mining Inc. 30.6%

Value ($000) $57,889 (-8.1%) Shares 3,922,000 (-21.6%) Est. Cost $7.54 Unrealized +134.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	iShares Bitcoin Trust ETF	827,500 (-53.6%)	$41,085 (-64.6%)	21.7%	—	—	CALL	46438F101
CIFR	Cipher Mining Inc.	3,922,000 (-21.6%)	$57,889 (-8.1%)	30.6%	$7.54	+134.0%	COM	17253J106

Unchanged Positions (3)

IREN IREN Limited 15.0%

Value ($000) $28,345 Shares 750,461 Est. Cost $24.29 Unrealized +112.4%

BKKT Bakkt, Inc. 0.2%

Value ($000) $402 Shares 40,000 Est. Cost $13.76 Unrealized +60.6%

REGN Regeneron Pharmaceuticals, Inc. 0.4%

Value ($000) $772 Shares 1,000 Est. Cost $564.28 Unrealized +20.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IREN	IREN Limited	750,461	$28,345	15.0%	$24.29	+112.4%	ORD SHS	Q4982L109
BKKT	Bakkt, Inc.	40,000	$402	0.2%	$13.76	+60.6%	COM CL A NEW	05759B305
REGN	Regeneron Pharmaceuticals, Inc.	1,000	$772	0.4%	$564.28	+20.3%	COM	75886F107