Alpine Fox Capital LLC
Alpine Fox Capital LLC reported 18 US-listed holdings worth $173.0 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Cipher Mining Inc. (47.8%), Iris Energy Ltd (19.8%) and Opendoor Technologies Inc. (12.6%). Against the quarter before, it opened 5 positions, added to 5, trimmed 7 and sold out of 0.
The 14 largest of its 18 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +38.8% over the 3 quarters to 30 June 2026, against +12.1% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 5
- Soluna Holdings Inc. SLNH$1.0 million
- Beyond Inc. NXH$579,000
- Wynn Resorts Ltd. WYNN$485,450
- Celsius Holdings, Inc. CELH$292,800
- Enhanced Group Inc - US ENHA$103,320
Added to 5
- Opendoor Technologies Inc. OPEN+3.1 million shares · +183%
- Bakkt Holdings Inc. BKKT+865,000 shares · +2162%
- Novo Nordisk A/S NVO+36,000 shares · +22%
- iShares Ethereum Trust ETF ETHA+93,000 shares · +20%
- Bitmine Immersion Tecnologie BMNR+8,000 shares · +9%
Trimmed 7
- Cipher Mining Inc. CIFR-390,000 shares · -10%
- PepsiCo Inc. PEP-4,000 shares · -80%
- Strive Inc. Class A Com ASST-46,242 shares · -8%
- Regeneron Pharmaceuticals, Inc. REGN-500 shares · -50%
- Constellation Brands, Inc. STZ-2,000 shares · -67%
- Canadian Pacific Kansas City LT CP-3,000 shares · -60%
- Target Corp. TGT-1,000 shares · -50%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Cipher Mining Inc. CIFR | 3.4M | $82.6 million | 47.76% | -390.0K |
| Iris Energy Ltd IREN | 750.5K | $34.3 million | 19.84% | no change |
| Opendoor Technologies Inc. OPEN | 4.7M | $21.9 million | 12.65% | +3.1M |
| Novo Nordisk A/S NVO | 201.0K | $9.6 million | 5.57% | +36.0K |
| Bakkt Holdings Inc. BKKT | 905.0K | $7.1 million | 4.09% | +865.0K |
| iShares Ethereum Trust ETF ETHA | 560.0K | $6.7 million | 3.85% | +93.0K |
| Strive Inc. Class A Com ASST | 560.0K | $6.1 million | 3.53% | -46.2K |
| Bitmine Immersion Tecnologie BMNR | 100.0K | $1.3 million | 0.77% | +8.0K |
| Soluna Holdings Inc. SLNH | 750.9K | $1.0 million | 0.59% | new |
| Beyond Inc. NXH | 100.0K | $579,000 | 0.33% | new |
| Wynn Resorts Ltd. WYNN | 5.0K | $485,450 | 0.28% | new |
| Regeneron Pharmaceuticals, Inc. REGN | 500 | $311,770 | 0.18% | -500 |
| Celsius Holdings, Inc. CELH | 10.0K | $292,800 | 0.17% | new |
| Canadian Pacific Kansas City LT CP | 2.0K | $173,300 | 0.10% | -3.0K |
| Constellation Brands, Inc. STZ | 1.0K | $139,090 | 0.08% | -2.0K |
| PepsiCo Inc. PEP | 1.0K | $135,400 | 0.08% | -4.0K |
| Target Corp. TGT | 1.0K | $130,610 | 0.08% | -1.0K |
| Enhanced Group Inc - US ENHA | 36.0K | $103,320 | 0.06% | new |
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Change is shares against its 13F for the quarter before.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | Calls | 1.1M | $37.3 million |
| Cipher Mining Inc. CIFR | Calls | 40.0K | $980,000 |
2 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.