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13-F holdings, Q3 2026

ACR Alpine Capital Research, LLC

A 13-F is the report large US investment managers file with the SEC each quarter, listing the stocks they held at quarter end.

Reported value
$7.4B
Positions
40
Filed
Data as of

These holdings are as of , 41 days ago.

13-Fs for Q4 2026 are due by .

See this manager's Holder IQ and how the book overlaps yours

Free to start, with no card. Holder IQ scores a manager's past record. It describes the past and is not a recommendation to buy or sell anything. Sign up and you can follow this manager: one notice for each new 13-F, naming what changed and which of those positions you hold or watch.

Top holdings

  1. GBIL$1.4B
    13,660,162 shares18.6% of the book
  2. MSFT$584M
    1,138,644 shares7.9% of the book
  3. CVX$568.5M
    2,783,736 shares7.7% of the book
  4. JNJ$564.4M
    2,131,745 shares7.7% of the book
  5. LEN$438.9M
    5,379,210 shares6% of the book
  6. THO$399.5M
    5,781,882 shares5.4% of the book
  7. VOD$388.6M
    24,060,313 shares5.3% of the book
  8. GM$357.7M
    4,645,689 shares4.9% of the book
  9. ELV$357.3M
    919,031 shares4.9% of the book
  10. ARW$329M
    1,449,437 shares4.5% of the book

What changed this quarter

3 new positions and 1 sold out, against Q2 2026. Added and trimmed positions use the change in split-adjusted shares at the Q3 2026 implied price; full exits use their Q2 2026 reported value, not sale proceeds.

Largest buys

  • ELV

    ELEVANCE HEALTH INC FORMERLY

    +$70.4M

    +24.5% shares

    Your stake and evidence for ELV

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$70.4M. The current book reports 919,031 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    919,031 current shares − 737,922 prior shares on the same basis = +181,109 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 70418763.65778522 USD. Current reported shares: 919031. Prior shares on current basis: 737922.

  • LEN

    LENNAR CORP

    +$51.9M

    +13.4% shares

    Your stake and evidence for LEN

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$51.9M. The current book reports 5,379,210 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    5,379,210 current shares − 4,743,250 prior shares on the same basis = +635,960 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 51887973.21973301 USD. Current reported shares: 5379210. Prior shares on current basis: 4743250.

  • RPV

    INVESCO EXCHANGE TRADED FD T

    +$28.3M

    +5,917.1% shares

    Your stake and evidence for RPV

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$28.3M. The current book reports 251,095 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    251,095 current shares − 4,173 prior shares on the same basis = +246,922 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 28329360.71581672 USD. Current reported shares: 251095. Prior shares on current basis: 4173.

  • THO

    THOR INDS INC

    +$17.6M

    +4.6% shares

    Your stake and evidence for THO

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$17.6M. The current book reports 5,781,882 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    5,781,882 current shares − 5,527,556 prior shares on the same basis = +254,326 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 17573927.294990107 USD. Current reported shares: 5781882. Prior shares on current basis: 5527556.

  • GM

    GENERAL MTRS CO

    +$15.3M

    +4.5% shares

    Your stake and evidence for GM

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$15.3M. The current book reports 4,645,689 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    4,645,689 current shares − 4,447,271 prior shares on the same basis = +198,418 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 15278185.57289866 USD. Current reported shares: 4645689. Prior shares on current basis: 4447271.

Largest sells

  • FDX

    FEDEX CORP

    −$74.2M

    -23.4% shares

    Your stake and evidence for FDX

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$74.2M. The current book reports 851,944 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    851,944 current shares − 1,112,339 prior shares on the same basis = -260,395 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -74236032.87453167 USD. Current reported shares: 851944. Prior shares on current basis: 1112339.

  • LBTYA

    LIBERTY GLOBAL LTD

    −$14.7M

    -6.8% shares

    Your stake and evidence for LBTYA

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$14.7M. The current book reports 21,979,807 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    21,979,807 current shares − 23,595,165 prior shares on the same basis = -1,615,358 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -14748218.179150254 USD. Current reported shares: 21979807. Prior shares on current basis: 23595165.

  • DELL

    DELL TECHNOLOGIES INC

    −$10.6M

    -33.6% shares

    Your stake and evidence for DELL

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$10.6M. The current book reports 39,066 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    39,066 current shares − 58,798 prior shares on the same basis = -19,732 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -10614829.04643424 USD. Current reported shares: 39066. Prior shares on current basis: 58798.

  • JNJ

    JOHNSON & JOHNSON

    −$3.9M

    -0.7% shares

    Your stake and evidence for JNJ

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$3.9M. The current book reports 2,131,745 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    2,131,745 current shares − 2,146,488 prior shares on the same basis = -14,743 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -3903062.0323190624 USD. Current reported shares: 2131745. Prior shares on current basis: 2146488.

  • MGA

    MAGNA INTL INC

    −$2.2M

    -0.7% shares

    Your stake and evidence for MGA

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$2.2M. The current book reports 4,773,926 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    4,773,926 current shares − 4,809,078 prior shares on the same basis = -35,152 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -2238127.6601874433 USD. Current reported shares: 4773926. Prior shares on current basis: 4809078.

What was sold out, by size

  • 1 slivers under 0.015%, often rounding or client flows

Not counted as trades: NFE (new CUSIP).

All of this comes from the filer's public SEC filings. A 13-F shows long positions in US-listed securities at quarter end and can leave out short positions, cash and non-US holdings, so it is not the whole portfolio. This is filing data, not investment advice.