ALPINE ASSOCIATES MANAGEMENT INC.
Q3 2025 13F-HR Holdings
Net value change ($000)
-217,824
(-11.6%)
New positions
47
Sold out positions
29
Turnover %
130.7%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q2 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| NSC | 150,989 | NEW |
| VRNA | 123,469 | NEW |
| CYBR | 98,635 | NEW |
| GTLS | 89,755 | 739.2% |
| Merus N.V. | 78,672 | NEW |
| SAND | 47,173 | NEW |
| COOP | 34,754 | 67.1% |
| LBRDA | 32,323 | NEW |
| WNS | 27,273 | NEW |
| STAA | 24,535 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| AHC | -212,173 | -100.0% |
| AKX | -157,305 | -100.0% |
| BPMC | -135,910 | -100.0% |
| ADY | -107,926 | -100.0% |
| SpringWorks Therapeutics, Inc. | -53,992 | -100.0% |
| MAG SILVER CORP | -53,779 | -100.0% |
| AZEK | -46,155 | -100.0% |
| RADIUS RECYCLING, INC. | -44,426 | -100.0% |
| JNP | -42,304 | -100.0% |
| CHX | -41,039 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
14,866
(0.9% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|