ALPINE ASSOCIATES MANAGEMENT INC.
Q4 2025 13F-HR Holdings
Net value change ($000)
-153,305
(-9.3%)
New positions
40
Sold out positions
40
Turnover %
111.2%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 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)
| EXAS | 81,807 | NEW |
| NGD | 81,553 | NEW |
| AL | 68,808 | 2261.2% |
| BA | 63,985 | NEW |
| RNAM | 62,575 | NEW |
| CDTX | 46,069 | NEW |
| KVUE | 37,236 | NEW |
| QRVO | 35,077 | NEW |
| EA | 34,075 | 159.4% |
| HOLX | 32,429 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| VRNA | -123,469 | -100.0% |
| KEL | -107,666 | -100.0% |
| Spirit AeroSystems Holdings, Inc. | -101,707 | -100.0% |
| COOP | -86,581 | -100.0% |
| Merus N.V. | -78,672 | -100.0% |
| IPG | -53,399 | -100.0% |
| SAND | -47,173 | -100.0% |
| INFA | -41,822 | -100.0% |
| ALE | -34,529 | -100.0% |
| WNS | -27,273 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
18,237
(1.2% 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 |
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