Alpine Investment Management Ltd

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Alpine Investment Management Ltd maintained a portfolio of 11 distinct positions. The most significant new addition to the portfolio was ALIBABA GROUP HLDG L, which now represents 10.49% of the total fund value. They heavily accumulated shares in FULL TRUCK ALLIANCE , increasing their position by 86.1%. Conversely, Alpine Investment Management Ltd completely exited their position in ARGAN INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
11
Quarter
2025 Q4
Top Holding
N/A (24.6%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-11 of 11
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
N/A
PDD HOLDINGS IN...
CALL
CALL Option 24.63% 59.73% #1
Prev: #1
6.0 -5,000 -37.5%
P
S
8,350 $94,680,650 13F Filing 2025-12-31 2026-02-14 (Est.)
YMM
FULL TRUCK ALLI...
Technology 20.78% 17.56% #2
Prev: #2
8.5 3,444,800 86.1%
P
S
7,444,800 $79,882,704 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ALIBABA GROUP H...
PUT
PUT Option 10.49% #3
Prev: #—
8.5 2,750 no change
NEW
2,750 $40,309,500 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 9.03% #4
Prev: #—
7.6 306,198 no change
NEW
306,198 $34,719,791 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JOYY
JOYY INC
ETF 8.36% 11.41% #5 2
Prev: #3
4.3 -78,700 -13.7%
P
S
496,300 $32,140,388 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 8.02% #6
Prev: #—
6.7 165,400 no change
NEW
165,400 $30,847,100 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ADVANCED MICRO ...
PUT
PUT Option 6.96% #7
Prev: #—
6.3 1,250 no change
NEW
1,250 $26,770,000 13F Filing 2025-12-31 2026-02-14 (Est.)
LU
LUFAX HOLDING L...
Financial Services 5.40% 5.81% #8 4
Prev: #4
5.2 3,881,500 91.9%
P
S
8,106,500 $20,752,640 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 5.29% #9
Prev: #—
5.6 138,800 no change
NEW
138,800 $20,345,304 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WB
WEIBO CORP
Communication Services 1.03% #10
Prev: #—
3.9 386,000 no change
NEW
386,000 $3,944,920 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AGX
ARGAN INC
Industrials 0.00% 5.49%
Sold All 😨
(Was: #5)
0.0 -60,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-11 of 11 holdings

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