Shifts in Fund Holdings: A Closer Look at ACR Alpine Capital Research's Q4 2022 vs. Q1 2023 Comparisons

As investment management is a dynamic sphere, understanding how different funds perform is essential for making investment decisions. One crucial aspect of this is analyzing the quarterly 13F filings submitted to the SEC by institutional investment managers. In this article, we delve into the Q4 2022 and Q1 2023 13F holdings data of ACR Alpine Capital Research, LLC, and how their portfolio has transitioned.

ACR Alpine Capital Research, LLC is a New York-based investment management firm that manages around $6.3 billion in assets. According to the Q4 2022 and Q1 2023 13F filings, the firm has made some remarkable changes in its portfolio holdings. Here are some highlights from the filings and what to make of them.

FDX - FedEx Corp.

ACR increased its shares in FedEx Corp. (FDX) by 28,639, a 3% increase, totaling 1,007,789 shares, with a market value of $230,269 thousand. The rise in FDX shareholdings by ACR has been a good move so far as FDX has a Zacks Rank #1 (Strong Buy) and an earnings per share (EPS) growth rate of 30.2% in the last quarter.

LEN - Lennar Corp.

ACR has reduced its holdings in Lennar Corp. (LEN) by 0.8%, translating to a decrease of 37,758 shares. ACR now holds 2,010,199 shares of LEN with a market value of $211,292 thousand. An investment in LEN can be a good investment decision, as the stock has outperformed the S&P 500 index by over 100% in the last year.

GM - General Motors Co.

General Motors Co. (GM) is another stock that ACR has increased its holdings in, with an increase of 51,884 shares, around a 1% increase, holding a total of 5,380,358 shares with a market value of $197,351 thousand. This adjustment to ACR's portfolio is also a good move as GM has a Zacks Rank #1 (Strong Buy) and a P/E ratio of 6.29.

MSFT - Microsoft Corp.

ACR increased its holdings in Microsoft Corp. (MSFT), with an additional 28,276 shares, a 4% increase, holding a total of 669,547 shares with a market value of $193,030 thousand. Microsoft is a constant feature of institutional investors' portfolios, and ACR has not been left behind. The company has placed strong bets on its cloud computing offerings, providing investors with the perfect incentive to keep it in their portfolios.

Conclusion

The above is not an exhaustive list of ACR's portfolio movements. However, from the examples given and other newly introduced shares in the filings, it is evident ACR has taken a good stance in emerging markets such as energy, emerging markets exchange-traded funds (ETFs), and growth stocks such as Vodafone Group PLC (VOD). ACR has also eliminated some stocks from its portfolio, such as Lumen Technologies Inc. (LUMN), Ishares TR (LQD), and Resolute Fst Prods Inc. (RFP), among others.

Investing in the right stocks can be profitable, and the quarterly SEC filings help interested parties determine changes made by institutional investors such as ACR, offering a glimpse into the best portfolios' inner workings.