Alpine Investment Management Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Alpine Investment Management Ltd disclosed 7 US equity positions worth $222.6m in its Q4 2025 13F filing. The largest position was YMM at 35.9% of the reported book, followed by PDD and JOYY. Against the Q3 2025 filing, it opened 4 new positions, added to 2 and reduced 1 among the top 7 holdings.
What did Alpine Investment Management Ltd own in Q4 2025? Top 7 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 35.9% | $79.9m | 7,444,800 | 86% | added |
| 2 | PDD PDD HOLDINGS INC | Consumer Cyclical | 15.6% | $34.7m | 306,198 | – | new |
| 3 | JOYY JOYY INC | Communication Services | 14.4% | $32.1m | 496,300 | -14% | reduced |
| 4 | NVDA NVIDIA CORPORATION | Technology | 13.9% | $30.8m | 165,400 | – | new |
| 5 | LU LUFAX HOLDING LTD | Financial Services | 9.3% | $20.8m | 8,106,500 | 92% | added |
| 6 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 9.1% | $20.3m | 138,800 | – | new |
| 7 | WB WEIBO CORP | Communication Services | 1.8% | $3.9m | 386,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.