ACR Alpine Capital Research, LLC

ACR Alpine Capital Research reported $6.7B across 36 positions in its Q1 2026 13F-HR, a notably concentrated book by institutional standards. The largest single allocation is GBIL, Goldman Sachs's ultra-short Treasury ETF, at 16.7% — a position grown 37% quarter-over-quarter alongside a 61% increase in SGOV, the iShares short-duration government fund. The top ten equity names span industrials, healthcare, energy, and telecom, with Chevron, Johnson & Johnson, Arrow Electronics, and Vodafone each carrying mid-to-high single-digit weights. Lennar and Microsoft both saw additions exceeding 30%.

The portfolio generated +11.7% alpha versus SPY in Q1 2026, following +8.4% in Q4 2025, after a -2.5% lag in Q2 2025. Past performance is not indicative of future results.

Generated from public SEC filings. Not investment advice.…