Alpine Investment Management Ltd
Follow13F filer, CIK 1964631, HONG KONG, Hong Kong
Alpine Investment Management Ltd reported $353,593,006 across 14 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-13. Its ten largest share positions make up 100% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001964631-25-000002
- Period
- 2024-12-31
- Reported value
- $354M
- Holdings
- 14
- Top 10 weight
- 100%
- New
- 10
- Sold out
- 4
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PDDnew | +400,000 | $38.8M |
| TSMnew | +150,000 | $29.6M |
| MUadded | +225,000 | $18.9M |
| CIENnew | +150,000 | $12.7M |
| BABAnew | +125,000 | $10.6M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ZTOexited | -2,000,000 | -$49.5M |
| YMMexited | -4,561,762 | -$41.1M |
| NXTexited | -673,540 | -$25.2M |
| MOMOreduced | -715,000 | -$5.51M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001964631-25-000002, largest first. % of portfolio is the value over $156,239,706, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| PDDPDD HOLDINGS INC | 400,000 | $38.8M | 24.83% | new | Timeline | ||
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 150,000 | $29.6M | 18.96% | new | Timeline | ||
| MUMICRON TECHNOLOGY INC | 325,000 | $27.4M | 17.51% | +225,000 | Timeline | ||
| MOMOHELLO GROUP INC | 2,500,000 | $19.3M | 12.34% | -715,000 | Timeline | ||
| CIENCIENA CORP | 150,000 | $12.7M | 8.14% | new | Timeline | ||
| BABAALIBABA GROUP HLDG LTD | 125,000 | $10.6M | 6.78% | new | Timeline | ||
| BEKEKE HLDGS INC | 550,000 | $10.1M | 6.48% | new | Timeline | ||
| ZGNERMENEGILDO ZEGNA N V | 859,583 | $7.1M | 4.54% | new | Timeline | ||
| EDUNEW ORIENTAL ED & TECHNOLOGY | 10,000 | $642K | 0.41% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| PDD HOLDINGS INCPDD HOLDINGS INC CALL | call | 10,500 | $102M | -750 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD CALL | call | 4,000 | $33.9M | new |
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC CALL | call | 1,500 | $29.6M | -1,000 |
| KE HLDGS INCKE HLDGS INC SPONSORED ADS | put | 15,000 | $27.6M | new |
| STRATEGY INCSTRATEGY INC COM NEW | put | 150 | $4.34M | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| ZTOZTO EXPRESS CAYMAN INC | 2,000,000 | $49.5M | shares |
| YMMFULL TRUCK ALLIANCE CO LTD | 4,561,762 | $41.1M | shares |
| MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC | 2,500 | $25.9M | call |
| NXTNEXTPOWER INC | 673,540 | $25.2M | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001964631-25-000002 | base | 2025-02-13 | acceptance time not in the bulk data set |