ALPINE ASSOCIATES MANAGEMENT INC.

CIK 0001396835 · Q1 2026

13F Equity AUM

$1.7B

+12.8% QoQ

Positions

+3 QoQ

AUM Rank

#1,981

Top 16%

Skill Alpha (FF)

-6.6%/yr^ns

No Clear Edge

Rank #7,726 · Top 94%

vs S&P -16.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 25.9%Top 10: 40.1%Top 20: 60.7%

NSC7.9%

AL5.3%

GTLS5.2%

EA3.9%

QRVO3.7%

UNF3.2%

KVUE3.0%

VAL-WT2.7%

SLAB2.7%

ACLX2.6%

Others (60)59.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials26.4%

Technology18.8%

Healthcare18.1%

Communication Services9.1%

Financial Services7.3%

Consumer Defensive4.7%

Real Estate3.9%

Energy3.6%

Other8.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 70Median: 1.19%Avg: 1.43%

0–0.5%

22(5.3%)

0.5–1%

6(3.9%)

1–3%

35(58.7%)

3–5%

4(13.8%)

5%+

3(18.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 69Unique: 1vs 20 funds

0.9%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

GEODE CAPITAL MANAGEMENT, LLC

BlackRock, Inc.

1.7%

VANGUARD CAPITAL MANAGEMENT LLC

STATE STREET CORP

1.9%

MORGAN STANLEY

1.3%

JPMORGAN CHASE & CO

1.3%

BANK OF AMERICA CORP /DE/

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.2%

FMR LLC

1.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New40Increased21Decreased8Exited37

New Positions

UNF3.2%

+217K

VAL-WT2.7%

+473K

SLAB2.7%

+222K

ACLX2.6%

+378K

PEN2.5%

+132K

APLS2.0%

+864K

CNTA2.0%

+866K

SKYT2.0%

+1.2M

3M42.0%

+189K

ZIM1.8%

+1.2M

Increased

DBRG1.3%

+1.1M(+282%)

WBD2.5%

+995K(+175%)

CWAN1.8%

+880K(+229%)

KVUE3.0%

+810K(+38%)

SEMR1.1%

+704K(+80%)

AM61.4%

+647K(+68%)

UDMY0.3%

+618K(+108%)

QRVO3.7%

+387K(+93%)

CSGS1.9%

+355K(+747%)

JHG1.8%

+331K(+127%)

Decreased

SSTK1.1%

-15,000(-1%)

NSC7.9%

-3,700(-1%)

HOLX1.9%

-3,140(-1%)

LBRDK1.4%

-2,187(-0%)

GTLS5.2%

-2,182(-1%)

AMWD0.5%

-1,038(-0%)

GETY0.0%

-349(-0%)

AXTA0.1%

-174(-0%)

Exited

-190,355

-805,500

-9,363,161

-1,911,556

-294,701

-867,530

-208,560

-334,426

-240,376

-1,397,243

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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