ACR Alpine Capital Research, LLC

Background

ACR Alpine Capital Research, LLC is a value-oriented investment manager based in St. Louis, Missouri. The firm has built its reputation around patient, concentrated equity selection—seeking companies trading at meaningful discounts to intrinsic value across market cycles. Alpine is not a household name among retail investors, nor does it operate at the scale of mega-managers that dominate financial headlines. What distinguishes it is a track record of alpha generation that places it firmly in the performance bucket: a one-year return of +44.5% against a backdrop where generating any meaningful excess return over the S&P 500 has been genuinely difficult. That +26.8% one-year alpha figure is not incidental—it reflects a willingness to hold positions that diverge significantly from index composition.

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Current Portfolio Signal

The portfolio's most immediately striking feature is the 16.7% allocation to GBIL, the Goldman Sachs Access Treasury 0-1 Year ETF—a cash-equivalent instrument. This is not a passive hedge; at roughly one-sixth of the declared portfolio, it signals either elevated dry powder, a cautious stance on near-term deployment, or both. Strip that out and the equity concentration becomes even sharper. CHV (Chevron) at 8.5%, JNJ (Johnson & Johnson) at 7.9%, and ARW (Arrow Electronics) at…