Alpine Investment Management Ltd
Alpine Investment Management Ltd reported 9 US-listed holdings worth $411.2 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Full Truck Alliance Co. Ltd (34.0%), PDD Holdings Inc. (30.8%) and Lumentum Holdings Inc. (10.2%). Against the quarter before, it opened 3 positions, added to 6, trimmed 0 and sold out of 4.
The 9 largest of its 9 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 +5.5% over the 7 quarters to 30 June 2026, against +30.2% 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 3
- Tencent Music Entertainment Group TME$20.2 million
- PDD Holdings Inc.$19.1 million
- Qifu Technology Inc. QFIN$9.0 million
Added to 6
- PDD Holdings Inc. PDD+1.6 million shares · +1661%
- Full Truck Alliance Co. Ltd YMM+6.2 million shares · +56%
- Lumentum Holdings Inc. LITE+47,795 shares · +5031%
- NVIDIA Corp. NVDA+89,100 shares · +435%
- Hello Group Inc. MOMO+2.2 million shares · +958%
- Lufax Holding Ltd LU+1.5 million shares · +12%
Sold out of 4
- Alibaba Group Holding Limited BABA$65.6 million last quarter
- Joyy Inc. JOYY$3.8 million last quarter
- Meta Platforms, Inc. META$3.7 million last quarter
- Micron Technology Inc. MU$2.6 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Full Truck Alliance Co. Ltd YMM | 17.2M | $139.7 million | 33.99% | +6.2M |
| PDD Holdings Inc. PDD | 1.7M | $126.7 million | 30.82% | +1.6M |
| Lumentum Holdings Inc. LITE | 48.7K | $41.8 million | 10.17% | +47.8K |
| NVIDIA Corp. NVDA | 109.6K | $21.9 million | 5.33% | +89.1K |
| Tencent Music Entertainment Group TME | 2.4M | $20.2 million | 4.91% | new |
| PDD Holdings Inc. | 2.5K | $19.1 million | 4.64% | new |
| Lufax Holding Ltd LU | 13.9M | $18.4 million | 4.47% | +1.5M |
| Hello Group Inc. MOMO | 2.5M | $14.3 million | 3.48% | +2.2M |
| Qifu Technology Inc. QFIN | 567.8K | $9.0 million | 2.18% | new |