Alpine Investment Management Ltd
CIK 0001964631
Annualised vol
13.968536%
Beta
0.170992
HHI
2319.563313
Top-10 weight
100.0%
VaR 95%
1.029501%
VaR 99%
2.803801%
Max drawdown
22.415731%
Matched value
84.917685%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| PDD | ADDED | 1,664,100 | 101,836 | 1534.1% | 145,816,848 |
| YMM | ADDED | 17,210,388 | 11,050,000 | 55.75% | 139,748,351 |
| NVDA | ADDED | 109,600 | 20,500 | 434.63% | 21,929,864 |
| LU | ADDED | 13,939,985 | 12,404,000 | 12.38% | 18,400,780 |
| MOMO | ADDED | 2,466,700 | 233,234 | 957.61% | 14,306,860 |
| QFIN | NEW | 567,781 | - | - | 8,976,618 |
| JOYY | CLOSED OUT | 0 | 65,547 | -100.0% | 0 |
| MU | CLOSED OUT | 0 | 7,700 | -100.0% | 0 |
| META | CLOSED OUT | 0 | 6,420 | -100.0% | 0 |
| SNDK | CLOSED OUT | 0 | 825 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| YMM | ADDED | FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 | 139,748,351 | 33.99 | 1.7210388E7 |
| PDD | ADDED | PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 126,746,848 | 30.82 | 1661600.0 |
| - | LUMENTUM HLDGS INC | COM | 55024U109 | 41,826,135 | 10.17 | 48745.0 | |
| NVDA | ADDED | NVIDIA CORPORATION | COM | 67066G104 | 21,929,864 | 5.33 | 109600.0 |
| - | TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 | 20,191,953 | 4.91 | 2418198.0 | |
| PDD | ADDED | PDD HOLDINGS INC | CALL | 722304902 | 19,070,000 | 4.64 | 2500.0 |
| LU | ADDED | LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 | 18,400,780 | 4.47 | 1.3939985E7 |
| MOMO | ADDED | HELLO GROUP INC | ADS | 423403104 | 14,306,860 | 3.48 | 2466700.0 |
| QFIN | NEW | QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 | 8,976,618 | 2.18 | 567781.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 411,197,409 | 9 | 13.968536 | 0.170992 | 22.415731 |
| 2026-03-31 | 2026-05-15 | 400,804,218 | 13 | 10.735221 | 0.110278 | 19.951281 |
| 2025-12-31 | 2026-02-13 | 384,392,997 | 10 | 14.112976 | 0.328921 | 20.775176 |
| 2025-09-30 | 2025-11-13 | 295,384,200 | 5 | 16.867946 | 0.101221 | 28.927198 |
| 2025-03-31 | 2025-05-14 | 455,850,902 | 10 | 7.344388 | 0.039689 | 15.877918 |
| 2024-12-31 | 2025-02-13 | 353,593,006 | 14 | 11.427928 | 0.198335 | 21.753385 |