Alpine Investment Management Ltd
Follow13F filer, CIK 1964631, HONG KONG, Hong Kong
Alpine Investment Management Ltd reported $455,850,902 across 10 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001964631-25-000005
- Period
- 2025-03-31
- Reported value
- $456M
- Holdings
- 10
- Top 10 weight
- 100%
- New
- 3
- Sold out
- 7
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| JOYYnew | +1,000,000 | $42M |
| TSMadded | +125,000 | $20.8M |
| ZGNadded | +516,133 | $3.82M |
| WBnew | +2,675 | $25.3K |
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 |
|---|---|---|
| PDDexited | -400,000 | -$38.8M |
| MUexited | -325,000 | -$27.4M |
| CIENexited | -150,000 | -$12.7M |
| BABAexited | -125,000 | -$10.6M |
| BEKEexited | -550,000 | -$10.1M |
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, Q1 2025
Share positions as resolved from 13F-HR 0001964631-25-000005, largest first. % of portfolio is the value over $107,623,702, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 275,000 | $45.6M | 42.42% | +125,000 | Timeline | ||
| JOYYJOYY INC | 1,000,000 | $42M | 39.01% | new | Timeline | ||
| ZGNERMENEGILDO ZEGNA N V | 1,375,716 | $10.2M | 9.46% | +516,133 | Timeline | ||
| MOMOHELLO GROUP INC | 1,551,200 | $9.79M | 9.09% | -948,800 | Timeline | ||
| WBWEIBO CORP | 2,675 | $25.3K | 0.02% | 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 |
|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC CALL | call | 9,500 | $158M | +8,000 |
| PDD HOLDINGS INCPDD HOLDINGS INC CALL | call | 11,000 | $130M | +500 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD CALL | call | 2,000 | $26.4M | -2,000 |
| STRATEGY INCSTRATEGY INC COM NEW | put | 600 | $17.3M | +450 |
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC PUT | put | 1,000 | $16.6M | new |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| PDDPDD HOLDINGS INC | 400,000 | $38.8M | shares |
| KE HLDGS INCKE HLDGS INC | 15,000 | $27.6M | put |
| MUMICRON TECHNOLOGY INC | 325,000 | $27.4M | shares |
| CIENCIENA CORP | 150,000 | $12.7M | shares |
| BABAALIBABA GROUP HLDG LTD | 125,000 | $10.6M | shares |
| BEKEKE HLDGS INC | 550,000 | $10.1M | shares |
| EDUNEW ORIENTAL ED & TECHNOLOGY | 10,000 | $642K | shares |
How Q1 2025 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 0001964631-25-000005 | base | 2025-05-14 | acceptance time not in the bulk data set |