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Livermore
Livermore
ZHEN

ACR Alpine Capital Research, LLC

SEC CIK
0001508822
Latest filing
Jul 29, 2026

The latest 13F from ACR Alpine Capital Research, LLC covers Q2 2026 (filed Jul 29, 2026): 38 long positions worth $7.04B. The top 10 holdings make up 70.4% of the portfolio, and the largest is Goldman Sachs ETF Tr at 19.2%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$296.7M
Added
16
Est. +$537.0M
Reduced
14
Est. −$743.0M
Sold out
3
Est. −$8.20M

Top 5 holdings

Share of this quarter's portfolio value

  1. Goldman Sachs ETF Tr381430529
    19.2%$1.35B
  2. JNJJohnson & Johnson
    7.7%$545.1MHistory
  3. CVXChevron Corp
    6.5%$461.0MHistory
  4. LENLennar Corp
    6.1%$429.2MHistory
  5. MSFTMicrosoft Corp
    6.0%$423.9MHistory

Share of portfolio

Top 5 holdings and the other 33 positions, by share of portfolio value

  1. Goldman Sachs ETF Tr19.2%
  2. JNJ7.7%
  3. CVX6.5%
  4. LEN6.1%
  5. MSFT6.0%
  6. Other 33 positions54.4%

Biggest buys

New and added positions, by estimated amount bought

  1. ELVElevance Health, Inc.
    +$285.4MNewHistory
  2. Goldman Sachs ETF Tr381430529
    +$238.2MAdded
  3. DGDollar General Corp
    +$69.6MAddedHistory
  4. MSFTMicrosoft Corp
    +$57.7MAddedHistory
  5. LENLennar Corp
    +$48.1MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ELVElevance Health, Inc.
    +4.05 pp0.0% → 4.1%History
  2. Goldman Sachs ETF Tr381430529
    +2.56 pp16.7% → 19.2%
  3. DGDollar General Corp
    +0.83 pp2.0% → 2.8%History
  4. LENLennar Corp
    +0.63 pp5.5% → 6.1%History
  5. MSFTMicrosoft Corp
    +0.59 pp5.4% → 6.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ARWArrow Electronics, Inc.
    −$452.5MReducedHistory
  2. CCitigroup Inc
    −$205.6MReducedHistory
  3. VODVodafone Group Public Ltd Co
    −$37.5MReducedHistory
  4. DELLDell Technologies Inc.
    −$25.1MReducedHistory
  5. PPLIPeople Inc
    −$7.34MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ARWArrow Electronics, Inc.
    −3.24 pp7.7% → 4.4%History
  2. CCitigroup Inc
    −1.88 pp6.0% → 4.1%History
  3. VODVodafone Group Public Ltd Co
    −1.51 pp6.0% → 4.5%History
  4. FDXFedEx Corp
    −1.03 pp6.0% → 4.9%History
  5. LBTYALiberty Global Ltd.
    −0.46 pp4.3% → 3.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$7.04B
+$345.6M (+5.2%) vs. prior quarter
Positions
38
+2 vs. prior quarter
Top 10 concentration
70.4%
Top 10 as share of value
Turnover
10.9%
Q2 2026, one quarter
Average holding period
18.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $7.04B (Q2 2026)

Q1 2021: $1.85BQ2 2021: $1.82BQ3 2021: $1.76BQ4 2021: $1.86BQ1 2022: $2.01BQ2 2022: $2.20BQ3 2022: $2.02BQ4 2022: $2.23BQ1 2023: $2.46BQ2 2023: $2.65BQ3 2023: $2.57BQ4 2023: $2.96BQ1 2024: $3.30BQ2 2024: $3.24BQ3 2024: $3.39BQ4 2024: $4.62BQ1 2025: $4.78BQ2 2025: $5.59BQ3 2025: $5.85BQ4 2025: $6.41BQ1 2026: $6.70BQ2 2026: $7.04B
Q1 2021Q2 2026
13F filings of ACR Alpine Capital Research, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 202638$7.04BGoldman Sachs ETF TrJNJCVXvs. Q1 2026SEC
Q1 2026Apr 30, 202636$6.70BGoldman Sachs ETF TrCVXJNJvs. Q4 2025SEC
Q4 2025Feb 5, 202634$6.41BGoldman Sachs ETF TrFDXJNJvs. Q3 2025SEC
Q3 2025Oct 30, 202535$5.85BGoldman Sachs ETF TrGMTHOvs. Q2 2025SEC
Q2 2025Aug 1, 202536$5.59BGoldman Sachs ETF TrCDGvs. Q1 2025SEC
Q1 2025May 6, 202541$4.78BGoldman Sachs ETF TrFDXJNJvs. Q4 2024SEC
Q4 2024Feb 6, 202538$4.62BGoldman Sachs ETF TrCGMvs. Q3 2024SEC
Q3 2024Nov 4, 202437$3.39BGoldman Sachs ETF TrCGMvs. Q2 2024SEC
Q2 2024Aug 1, 202435$3.24BGoldman Sachs ETF TrCGMvs. Q1 2024SEC
Q1 2024May 6, 202439$3.30BGoldman Sachs ETF TrCGMvs. Q4 2023SEC
Q4 2023Feb 6, 202439$2.96BGoldman Sachs ETF TrLENJPMvs. Q3 2023SEC
Q3 2023Nov 8, 2023Amended39$2.57BBRK.BJPMLBTYKvs. Q2 2023SEC
Q2 2023Jul 24, 202339$2.65BFDXGMBRK.Bvs. Q1 2023SEC
Q1 2023Apr 28, 202339$2.46BFDXLENGMvs. Q4 2022SEC
Q4 2022Feb 2, 202341$2.23BBRK.BJPMLENvs. Q3 2022SEC
Q3 2022Oct 19, 202241$2.02BGMBRK.BCvs. Q2 2022SEC
Q2 2022Jul 27, 202241$2.20BVODLENLBTYKvs. Q1 2022SEC
Q1 2022Apr 26, 202237$2.01BVODBRK.BLBTYKvs. Q4 2021SEC
Q4 2021Jan 26, 202232$1.86BGMLBTYKBRK.Bvs. Q3 2021SEC
Q3 2021Oct 22, 202132$1.76BLBTYKCVODvs. Q2 2021SEC
Q2 2021Jul 28, 202131$1.82BGMCMGAvs. Q1 2021SEC
Q1 2021Apr 28, 202132$1.85BCGMMGA–SEC

13D and 13G filings

Companies where ACR Alpine Capital Research, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where ACR Alpine Capital Research, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
LBTYALiberty Global Ltd.13G/A13.50%23.6M shares+2.10 ppfrom 11.40%Dec 13, 20244 filingsApr 9, 2026SEC
THOThor Industries Inc13G/A10.00%5.28M shares+0.70 ppfrom 9.30%Mar 12, 20255 filingsMay 19, 2026SEC

Latest filings

15 filings on file made by ACR Alpine Capital Research, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by ACR Alpine Capital Research, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ARWArrow Electronics, Inc.Aug 5, 20266:45 PM ET13G/A2.90%1.46M shares−3.80 ppfrom 6.70%Below 5%Jun 30, 2026SEC
THOThor Industries IncMay 19, 20266:54 PM ET13G/A10.00%5.28M shares+0.70 ppfrom 9.30%May 13, 2026SEC
LBTYALiberty Global Ltd.Apr 9, 20268:41 PM ET13G/A13.50%23.6M shares+2.10 ppfrom 11.40%Mar 31, 2026SEC
THOThor Industries IncApr 9, 20268:39 PM ET13G/A9.30%4.90M shares+1.30 ppfrom 8.00%Mar 31, 2026SEC
ARWArrow Electronics, Inc.Feb 10, 20262:49 PM ET13G/A6.70%3.45M shares+1.60 ppfrom 5.10%Dec 31, 2025SEC
ARWArrow Electronics, Inc.Oct 24, 20254:30 PM ET13G5.10%2.63M sharesNewOct 17, 2025SEC
THOThor Industries IncAug 1, 20259:34 PM ET13G/A8.00%4.27M shares+1.40 ppfrom 6.60%Jun 30, 2025SEC
THOThor Industries IncMay 9, 20254:16 PM ET13G/A6.60%3.48M shares+1.50 ppfrom 5.10%Mar 31, 2025SEC
LBTYALiberty Global Ltd.May 9, 20254:15 PM ET13G/A11.40%19.8M shares+1.40 ppfrom 10.00%Mar 31, 2025SEC
THOThor Industries IncMar 12, 20258:14 PM ET13G5.10%2.72M sharesNewMar 5, 2025SEC
LBTYALiberty Global Ltd.Dec 27, 20249:39 PM ET13G/A10.00%17.3M shares–Dec 24, 2024SEC
LBTYALiberty Global Ltd.Dec 13, 202413GOld format–New–SEC
RFPResolute Forest Products Inc.Feb 8, 202213G/AOld format–––SEC
RFPResolute Forest Products Inc.Jan 28, 202113G/AOld format–––SEC
RFPResolute Forest Products Inc.Jan 28, 202113G/AOld format–––SEC