Q4 2025 · 13F-HR
Alpine Investment Management Ltdholdings as filed
Filed 2026-02-13 · accession 0001964631-26-000002
$384.4M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Alpine Investment Management Ltd · Q4 2025
AI · grounded in 13F
Alpine Investment Management Ltd initiated a new position in BABA valued at $40.3M. The fund also established new stakes in PDD for $34.7M and NVDA for $30.8M. Conversely, the fund closed its position in AGX, reducing its exposure by $16.2M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 722304902 | PDD | PDD HOLDINGS INC | $94.7M | 24.6% | 8,350 | CALL | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $79.9M | 20.8% | 7,444,800 | Common | SOLE |
| 01609W952 | BABA | ALIBABA GROUP HLDG LTD | $40.3M | 10.5% | 2,750 | PUT | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $34.7M | 9.03% | 306,198 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $32.1M | 8.36% | 496,300 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $30.8M | 8.02% | 165,400 | Common | SOLE |
| 007903957 | AMD | ADVANCED MICRO DEVICES INC | $26.8M | 6.96% | 1,250 | PUT | SOLE |
| 54975P201 | LU | LUFAX HOLDING LTD | $20.8M | 5.40% | 8,106,500 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $20.3M | 5.29% | 138,800 | Common | SOLE |
| 948596101 | WB | WEIBO CORP | $3.9M | 1.03% | 386,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.