Q2 2026 13F · SEC CIK 1964631
Alpine Investment Management Ltd
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $411.2M
- Reported positions
- 9
- Top holdings a year, 3 yrs
- -11.1%
- Average holding period
- 3 qtrs
Alpine Investment Management Ltd is a hedge fund that reported 9 positions worth $411.2M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Full Truck ADR (YMM, 34.0%), Pdd Holdings Inc (PDD, 30.8%), Lumentum Hldgs Inc (LITE, 10.2%). A portfolio copying its top holdings returned -11.1% a year over the last 3 years, against 20.6% for the S&P 500.
Alpine Investment Management Ltd holdings all 9 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| YMMFull Truck ADR | 34.0% | +55.8% | $139.7M |
| PDDPdd Holdings Inc | 30.8% | +1661.4% | $126.7M |
| LITELumentum Hldgs Inc | 10.2% | +5031.1% | $41.8M |
| NVDANvidia Corporation | 5.3% | +434.6% | $21.9M |
| TMETencent Music Entmt Group | 4.9% | — | $20.2M |
| 722304902Pdd Holdings Inc | 4.6% | — | $19.1M |
| LULufax Holding Ltd | 4.5% | +12.4% | $18.4M |
| MOMOHello Group Inc | 3.5% | +957.6% | $14.3M |
| QFINQfin Holdings Inc | 2.2% | — | $9.0M |
What Alpine Investment Management Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- TME Tencent Music Entmt Group4.9% of 13F
- Pdd Holdings Inc4.6% of 13F
- QFIN Qfin Holdings Inc2.2% of 13F
Added to
- LITE Lumentum Hldgs Inc+5031.1% shares
- PDD Pdd Holdings Inc+1661.4% shares
- MOMO Hello Group Inc+957.6% shares
- NVDA Nvidia Corporation+434.6% shares
- YMM Full Truck ADR+55.8% shares
- LU Lufax Holding Ltd+12.4% shares
Reduced
No position shrank by more than 5%.
Sold out
- BABA Alibaba Group Hldg Ltdwas 31.9%
- YY JOYY Incwas 1.9%
- META Meta Platforms Incwas 1.8%
- MU Micron Technology Incwas 1.3%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -37.2% /yr
- S&P 500 +11.7%
- 3 years
- -11.1% /yr
- S&P 500 +20.6%
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $411.2M | 9 |
| Q1 2026 | $205.9M | 10 |
| Q4 2025 | $222.6M | 7 |
| Q2 2025 | $209.0M | 5 |
| Q1 2025 | $107.6M | 5 |
| Q4 2024 | $156.2M | 9 |
| Q3 2024 | $150.7M | 5 |
| Q2 2024 | $260.3M | 8 |
| Q1 2024 | $304.0M | 12 |
| Q4 2023 | $244.3M | 8 |
| Q3 2023 | $274.6M | 5 |
| Q2 2023 | $340.0M | 8 |
Questions about Alpine Investment Management Ltd's portfolio
What stocks does Alpine Investment Management Ltd own?
Alpine Investment Management Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 9 positions worth $411.2M. The largest are Full Truck ADR (YMM) at 34.0%, Pdd Holdings Inc (PDD) at 30.8%, Lumentum Hldgs Inc (LITE) at 10.2%, Nvidia Corporation (NVDA) at 5.3% and Tencent Music Entmt Group (TME) at 4.9%.
What did Alpine Investment Management Ltd buy last quarter?
In Q2 2026, Alpine Investment Management Ltd added a new position in Tencent Music Entmt Group (TME), a new position in Pdd Holdings Inc, a new position in Qfin Holdings Inc (QFIN), Lumentum Hldgs Inc (LITE) (+5031.1% shares), Pdd Holdings Inc (PDD) (+1661.4% shares) and Hello Group Inc (MOMO) (+957.6% shares), compared with its Q1 2026 filing.
What did Alpine Investment Management Ltd sell last quarter?
In Q2 2026, Alpine Investment Management Ltd sold all of Alibaba Group Hldg Ltd (BABA), sold all of JOYY Inc (YY), sold all of Meta Platforms Inc (META) and sold all of Micron Technology Inc (MU), compared with its Q1 2026 filing.
How has Alpine Investment Management Ltd's portfolio performed?
A portfolio copying Alpine Investment Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned -11.1% a year over the last 3 years, against +20.6% for the S&P 500. Over 1 year: -37.2% against +11.7%.
When is Alpine Investment Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Alpine Investment Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.