Alpine Associates Management Inc.
Alpine Associates Management Inc. is a hedge fund management firm based in Palm Beach, Florida, USA. Founded in 1976, it manages a mix of domestic limited partnerships and offshore funds, providing investment advisory services primarily to institutions. The firm currently manages several fund entities and supervises billions in client assets, catering mostly to institutional investors in need of complex investment strategies. Employee count is estimated as an industry-standard size for a multi-billion dollar hedge fund, with client service and research operations.
Investment Strategy
Alpine Associates Management specializes in event-driven investing, focusing on merger arbitrage, corporate restructurings, and special situations. The firm seeks to generate risk-adjusted returns by identifying and exploiting pricing inefficiencies associated with corporate events, employing a research-driven approach to portfolio construction across multiple fund structures and geographies. Their strategy emphasizes risk control, capital preservation, and institutional best practices.
Latest 13F Filing Activity
Alpine Associates Management Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 45 equity positions and 1 options positions with a total 13F market value of $2B. The fund increased holdings in Blueprint Medicines Corp., Mag Silver Corp., Springworks Therapeutics Inc. among other positions. Alpine Associates Management Inc. reduced exposure to Discover Finl SVCS, Intra-cellular Therapies Inc., Veren Inc. among others.
Top Holdings
Equity Positions (45)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HES | HESS CORP | 11.32% | $212.2M | 1,531,496 | $144.23 | $138.54 | -$37.8M |
A ANSS | ANSYS INC | 8.39% | $157.3M | 447,883 | $345.30 | $351.22 | +$14.2M |
B BPMC | BLUEPRINT MEDICINES CORP | 7.25% | $135.9M | 1,060,307 | $128.18 | $128.18 | +$135.9M |
K K | KELLANOVA | 6.06% | $113.7M | 1,429,375 | $81.22 | $79.53 | +$18.1M |
S SPR | SPIRIT AEROSYSTEMS HLDGS INC | 5.78% | $108.4M | 2,840,204 | $32.87 | $38.15 | +$5.9M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
A AXL | AMERICAN AXLE & MFG HLDGS IN | New | Call | $6.2M | 15,169 | $4.08 | $4.08 | +15,169 | +$6.2M |
Industry Allocation
Investment Team (5)
| Name | Role | Location | |
|---|---|---|---|
B Brad Cohen | Analyst | United States | |
K Kyle Amato | Research Analyst | Peabody, MA , United States | |
 | Analyst | New York, NY , United States | |
 | Foreign Arbitrage Trader | Palm Beach, FL , United States | |
R Robert Boiardi | Head Trader | Englewood Cliffs, NJ , United States |
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