ACR Alpine Capital Research, LLC
Net seller this quarter
$7.04B
35
-$238M
55.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 JNJ | $545M | 7.74% | 0.09% | -0.5% | Q2 2013 |
 CVX | $461M | 6.54% | 0.14% | +1.2% | Q1 2020 |
 LEN | $429M | 6.09% | Not reported | +12.6% | Q2 2022 |
 MSFT | $424M | 6.02% | 0.02% | +15.8% | Q2 2013 |
 THO | $415M | 5.90% | 10.62% | +12.7% | Q4 2022 |
 FDX | $348M | 4.94% | 0.47% | -1.0% | Q2 2022 |
 GM | $343M | 4.87% | 0.51% | +10.5% | Q1 2017 |
 JPM | $320M | 4.54% | 0.04% | -0.1% | Q2 2013 |
 VOD | $318M | 4.51% | 0.08% | -10.6% | Q2 2013 |
 MGA | $316M | 4.48% | 1.72% | -0.8% | Q4 2018 |
 ARW | $311M | 4.42% | 2.85% | -59.3% | Q2 2024 |
 C | $291M | 4.12% | 0.12% | -41.4% | Q1 2014 |
 ELV | $285M | 4.05% | 0.34% | New | Q2 2026 |
 LBTYA | $268M | 3.81% | Not reported | -0.2% | Q4 2023 |
 DG | $199M | 2.82% | 0.78% | +53.9% | Q3 2024 |
 BRK.B | $122M | 1.73% | Not reported | +8.5% | Q2 2013 |
| LBTYK | $97.3M | 1.38% | Not reported | +28.4% | Q1 2015 |
| BRK.A | $63.7M | 0.90% | Not reported | Not reported | Q4 2024 |
 DELL | $25.4M | 0.36% | 0.01% | -49.7% | Q2 2013 |
 PPLI | $13.5M | 0.19% | Not reported | -35.3% | Q2 2021 |
 BCS | $12.2M | 0.17% | 0.00% | Not reported | Q4 2018 |
 CRK | $8.15M | 0.12% | 0.19% | Not reported | Q3 2017 |
 SMBC | $6.94M | 0.10% | 0.83% | -3.9% | Q4 2013 |
 FPH | $6.79M | 0.10% | Not reported | +4.8% | Q4 2020 |
 ECHO | $6.7M | 0.10% | 0.14% | +428.4% | Q1 2026 |
 JEF | $6.47M | 0.09% | 0.06% | +3.8% | Q3 2018 |
 MRK | $5.29M | 0.08% | 0.00% | +4.3% | Q2 2013 |
 ZD | $4.53M | 0.06% | 0.25% | +19.1% | Q1 2026 |
 MGM | $4.44M | 0.06% | 0.04% | +2.6% | Q1 2024 |
 LEN.B | $3.6M | 0.05% | Not reported | +19.7% | Q3 2019 |
 APG | $2.81M | 0.04% | 0.02% | -0.1% | Q1 2025 |
 LILAK | $2.76M | 0.04% | Not reported | -42.1% | Q1 2017 |
 TLN | $2.5M | 0.04% | 0.01% | Not reported | Q4 2024 |
 FDXF | $231K | 0.00% | 0.00% | -99.7% | Q2 2026 |
 NFE | $43.6K | 0.00% | 0.04% | Not reported | Q3 2025 |
| Q1 2026 | |||||
| CVX | $569M | 8.49% | 0.14% | +1.4% | Q1 2020 |
| JNJ | $527M | 7.87% | 0.09% | -3.6% | Q2 2013 |
| ARW | $513M | 7.66% | 7.00% | +3.9% | Q2 2024 |
| VOD | $403M | 6.02% | 0.09% | +3.0% | Q2 2013 |
| C | $402M | 6.00% | 0.20% | -1.3% | Q1 2014 |
| FDX | $400M | 5.98% | 0.47% | -35.4% | Q2 2022 |
| THO | $392M | 5.85% | 9.32% | +18.6% | Q4 2022 |
| LEN | $366M | 5.46% | Not reported | +31.0% | Q2 2022 |
| MSFT | $363M | 5.42% | 0.01% | +41.2% | Q2 2013 |
| GM | $300M | 4.48% | 0.45% | -14.1% | Q1 2017 |
| JPM | $288M | 4.30% | 0.04% | +0.1% | Q2 2013 |
| LBTYA | $286M | 4.27% | Not reported | +9.7% | Q4 2023 |
| MGA | $271M | 4.04% | 1.73% | -19.3% | Q4 2018 |
| DG | $133M | 1.99% | 0.51% | -57.3% | Q3 2024 |
| BRK.B | $108M | 1.61% | Not reported | -0.2% | Q2 2013 |
| LBTYK | $80.8M | 1.21% | Not reported | +7.3% | Q1 2015 |
| BRK.A | $61M | 0.91% | Not reported | Not reported | Q4 2024 |
| DELL | $19.2M | 0.29% | 0.02% | +9.4% | Q2 2013 |
| PPLI | $18M | 0.27% | Not reported | +4.6% | Q2 2021 |
| BCS | $9.61M | 0.14% | 0.00% | Not reported | Q4 2018 |
| SMBC | $6.06M | 0.09% | 0.85% | +4.0% | Q4 2013 |
| FPH | $5.95M | 0.09% | Not reported | +10.3% | Q4 2020 |
| JEF | $5.15M | 0.08% | 0.06% | +30.3% | Q3 2018 |
| MRK | $4.75M | 0.07% | 0.00% | +6.9% | Q2 2013 |
| DHIL | $4.09M | 0.06% | 0.88% | New | Q1 2026 |
| KW | $3.84M | 0.06% | 0.25% | -24.3% | Q1 2025 |
| LILAK | $3.67M | 0.05% | Not reported | -0.4% | Q1 2017 |
| MGM | $3.35M | 0.05% | 0.04% | +38.1% | Q1 2024 |
| ZD | $3.05M | 0.05% | 0.19% | New | Q1 2026 |
| LEN.B | $2.86M | 0.04% | Not reported | +12.5% | Q3 2019 |
| APG | $2.69M | 0.04% | 0.02% | +8.0% | Q1 2025 |
| ECHO | $1.46M | 0.02% | 0.03% | New | Q1 2026 |
 NINE | $279K | 0.00% | 0.33% | New | Q1 2026 |
| NFE | $70.8K | 0.00% | 0.04% | Not reported | Q3 2025 |
| Q4 2025 | |||||
| FDX | $503M | 7.84% | 0.74% | +0.8% | Q2 2022 |
| JNJ | $463M | 7.22% | 0.09% | +0.2% | Q2 2013 |
| THO | $424M | 6.62% | 7.82% | +0.7% | Q4 2022 |
| C | $419M | 6.53% | 0.20% | -0.3% | Q1 2014 |
| CVX | $413M | 6.44% | 0.13% | +9.7% | Q1 2020 |
| GM | $381M | 5.94% | 0.52% | -35.3% | Q1 2017 |
| ARW | $380M | 5.92% | 6.69% | +42.6% | Q2 2024 |
| DG | $349M | 5.44% | 1.19% | -32.6% | Q3 2024 |
| VOD | $344M | 5.37% | 0.09% | -0.1% | Q2 2013 |
| MSFT | $336M | 5.24% | 0.01% | +0.3% | Q2 2013 |
| LEN | $331M | 5.15% | Not reported | +11.6% | Q2 2022 |
| MGA | $320M | 4.99% | 2.14% | -1.2% | Q4 2018 |
| JPM | $315M | 4.91% | 0.04% | -11.2% | Q2 2013 |
| LBTYA | $240M | 3.74% | Not reported | +1.5% | Q4 2023 |
| BRK.B | $113M | 1.76% | Not reported | -0.5% | Q2 2013 |
| LBTYK | $70.8M | 1.10% | Not reported | -9.9% | Q1 2015 |
| BRK.A | $64.2M | 1.00% | Not reported | Not reported | Q4 2024 |
| PPLI | $16.9M | 0.26% | Not reported | +137.2% | Q2 2021 |
| DELL | $13.4M | 0.21% | 0.02% | +1.5% | Q2 2013 |
| BCS | $11.6M | 0.18% | 0.00% | Not reported | Q4 2018 |
| FPH | $6.23M | 0.10% | Not reported | +4.9% | Q4 2020 |
| JEF | $5.93M | 0.09% | 0.05% | +79.5% | Q3 2018 |
| SMBC | $5.38M | 0.08% | 0.81% | +71.1% | Q4 2013 |
| KW | $4.53M | 0.07% | 0.34% | +152.4% | Q1 2025 |
| MRK | $3.88M | 0.06% | 0.00% | +2.1% | Q2 2013 |
| LILAK | $3.12M | 0.05% | Not reported | -28.8% | Q1 2017 |
| LEN.B | $2.87M | 0.04% | Not reported | +4.5% | Q3 2019 |
| MGM | $2.39M | 0.04% | 0.03% | -63.8% | Q1 2024 |
| APG | $2.36M | 0.04% | 0.01% | +2.3% | Q1 2025 |
| NFE | $137K | 0.00% | 0.04% | Not reported | Q3 2025 |
| Q3 2025 | |||||
| GM | $441M | 7.54% | 0.78% | -5.9% | Q1 2017 |
| THO | $426M | 7.28% | 7.80% | -3.7% | Q4 2022 |
| JNJ | $414M | 7.07% | 0.09% | +0.1% | Q2 2013 |
| FDX | $407M | 6.96% | 0.73% | +8.3% | Q2 2022 |
| DG | $403M | 6.88% | 1.77% | -6.8% | Q3 2024 |
| CVX | $384M | 6.56% | 0.12% | +2.2% | Q1 2020 |
| C | $366M | 6.25% | 0.20% | -36.8% | Q1 2014 |
| LEN | $363M | 6.20% | Not reported | -2.6% | Q2 2022 |
| MSFT | $359M | 6.13% | 0.01% | -2.7% | Q2 2013 |
| JPM | $347M | 5.93% | 0.04% | -3.4% | Q2 2013 |
| VOD | $303M | 5.17% | 0.09% | +0.9% | Q2 2013 |
| ARW | $292M | 5.00% | 4.69% | +12.1% | Q2 2024 |
| MGA | $288M | 4.92% | 2.15% | +1.0% | Q4 2018 |
| LBTYA | $243M | 4.16% | Not reported | +3.5% | Q4 2023 |
| BRK.B | $114M | 1.94% | Not reported | -0.1% | Q2 2013 |
| LBTYK | $83.7M | 1.43% | Not reported | -0.9% | Q1 2015 |
| BRK.A | $64.1M | 1.10% | Not reported | Not reported | Q4 2024 |
| DELL | $14.9M | 0.25% | 0.02% | +0.8% | Q2 2013 |
| BCS | $9.38M | 0.16% | 0.00% | -31.0% | Q4 2018 |
| FPH | $6.51M | 0.11% | Not reported | +5.4% | Q4 2020 |
| MGM | $6.27M | 0.11% | 0.07% | +3.2% | Q1 2024 |
| PPLI | $6.19M | 0.11% | Not reported | +7.9% | Q2 2021 |
| LILAK | $4.96M | 0.08% | Not reported | -0.3% | Q1 2017 |
| JEF | $3.49M | 0.06% | 0.03% | +0.1% | Q3 2018 |
| LEN.B | $3.47M | 0.06% | Not reported | -19.2% | Q3 2019 |
| MRK | $3.03M | 0.05% | 0.00% | +6.9% | Q2 2013 |
| SMBC | $2.8M | 0.05% | 0.47% | +9.6% | Q4 2013 |
 CORZ | $2.78M | 0.05% | 0.05% | -33.5% | Q3 2024 |
| APG | $2.07M | 0.04% | 0.01% | +1.6% | Q1 2025 |
| KW | $1.54M | 0.03% | 0.13% | +2.1% | Q1 2025 |
 SLDP | $295K | 0.01% | 0.04% | Not reported | Q2 2022 |
| NFE | $265K | 0.00% | 0.04% | New | Q3 2025 |
| NINEQ | $9.48K | 0.00% | Not reported | Not reported | Q1 2023 |