Alpine Investment Management Ltd
Follow13F filer, CIK 1964631, HONG KONG, Hong Kong
Alpine Investment Management Ltd reported $331,462,008 across 8 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001964631-25-000006
- Period
- 2025-06-30
- Reported value
- $331M
- Holdings
- 8
- Top 10 weight
- 100%
- New
- 5
- Sold out
- 7
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PDDnew | +900,000 | $94.2M |
| YMMnew | +4,598,038 | $54.3M |
| DECKnew | +65,000 | $6.7M |
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 |
|---|---|---|
| TSMexited | -275,000 | -$45.6M |
| MOMOexited | -1,551,200 | -$9.79M |
| ZGNreduced | -525,716 | -$4.49M |
| JOYYreduced | -85,847 | -$4.37M |
| WBexited | -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.
Holdings, Q2 2025
Share positions as resolved from 13F-HR 0001964631-25-000006, largest first. % of portfolio is the value over $209,003,408, 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 | 900,000 | $94.2M | 45.07% | new | Timeline | ||
| YMMFULL TRUCK ALLIANCE CO LTD | 4,598,038 | $54.3M | 25.98% | new | Timeline | ||
| JOYYJOYY INC | 914,153 | $46.5M | 22.27% | -85,847 | Timeline | ||
| ZGNERMENEGILDO ZEGNA N V | 850,000 | $7.27M | 3.48% | -525,716 | Timeline | ||
| DECKDECKERS OUTDOOR CORP | 65,000 | $6.7M | 3.21% | 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 |
|---|---|---|---|---|
| MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC CALL | call | 5,000 | $61.6M | new |
| PDD HOLDINGS INCPDD HOLDINGS INC CALL | call | 3,350 | $35.1M | -7,650 |
| ENPHASE ENERGY INCENPHASE ENERGY INC COM | put | 6,500 | $25.8M | new |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC | 9,500 | $158M | call |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 275,000 | $45.6M | shares |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD | 2,000 | $26.4M | call |
| STRATEGY INCSTRATEGY INC | 600 | $17.3M | put |
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC | 1,000 | $16.6M | put |
| MOMOHELLO GROUP INC | 1,551,200 | $9.79M | shares |
| WBWEIBO CORP | 2,675 | $25.3K | shares |
How Q2 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 0001964631-25-000006 | base | 2025-08-13 | acceptance time not in the bulk data set |