Alpine Investment Management Ltd 13F annual report
Alpine Investment Management Ltd is an investment fund managing more than $260 billion ran by Yi Fan. There are currently 8 companies in Fan’s portfolio. The largest investments include PDD Inc and Alibaba Group Hldg Ltd, together worth $128 billion.
$260 billion Assets Under Management (AUM)
As of 6th August 2024, Alpine Investment Management Ltd’s top holding is 605,000 shares of PDD Inc currently worth over $80.4 billion and making up 30.9% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, Alpine Investment Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 660,000 shares of Alibaba Group Hldg Ltd worth $47.5 billion.
The third-largest holding is New Oriental Ed Technology worth $45.1 billion and the next is Micron Technology worth $32.9 billion, with 250,000 shares owned.
Currently, Alpine Investment Management Ltd's portfolio is worth at least $260 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Alpine Investment Management Ltd
The Alpine Investment Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Yi Fan serves as the Director at Alpine Investment Management Ltd.
Recent trades
In the most recent 13F filing, Alpine Investment Management Ltd revealed that it had opened a new position in
Micron Technology and bought 250,000 shares worth $32.9 billion.
This means they effectively own approximately 0.1% of the company.
Micron Technology makes up
53.8%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in New Oriental Ed Technology by buying
127,512 additional shares.
This makes their stake in New Oriental Ed Technology total 580,278 shares worth $45.1 billion.
On the other hand, there are companies that Alpine Investment Management Ltd is getting rid of from its portfolio.
Alpine Investment Management Ltd closed its position in Daqo New Corp on 13th August 2024.
It sold the previously owned 1,900,000 shares for $75.4 billion.
Yi Fan also disclosed a decreased stake in PDD Inc by 0.3%.
This leaves the value of the investment at $80.4 billion and 605,000 shares.
One of the smaller hedge funds
The two most similar investment funds to Alpine Investment Management Ltd are Snow Phipps and Aft, Forsyth & Sober. They manage $260 billion and $260 billion respectively.
Yi Fan investment strategy
Alpine Investment Management Ltd’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 38.0% of
the total portfolio value.
The fund focuses on investments in the China as
37.5% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
38% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $37.4 billion.
The complete list of Alpine Investment Management Ltd trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
34.59%
605,000
|
$80,434,750,000 | 30.90% |
| Daqo New Energy Corp |
Closed
1,900,000
|
$75,430,000,000 | |
| Alibaba Group Hldg Ltd |
58.10%
660,000
|
$47,520,000,000 | 18.26% |
| New Oriental Ed Technology |
28.16%
580,278
|
$45,105,009,000 | 17.33% |
| Micron Technology Inc. |
Opened
250,000
|
$32,882,500,000 | 12.63% |
| Hello Group Inc |
16.67%
3,500,000
|
$21,420,000,000 | 8.23% |
| Las Vegas Sands Corp |
Opened
416,684
|
$18,438,267,000 | 7.08% |
| Qualcomm, Inc. |
Closed
125,000
|
$14,880,000,000 | |
| Array Technologies, Inc. |
Opened
750,000
|
$7,695,000,000 | 2.96% |
| Full Truck Alliance Co. Ltd. |
Opened
842,256
|
$6,771,738,000 | 2.60% |
| Ishares Tr |
Closed
195,000
|
$5,302,050,000 | |
| Atour Lifestyle Holdings Ltd |
Closed
150,000
|
$2,436,000,000 | |
| No transactions found | |||
| Showing first 500 out of 12 holdings | |||
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