Alpine Investment Management Limited
Alpine Investment Management Limited is an exempt reporting adviser based in Hong Kong, Hong Kong that reports managing 1 hedge fund on Form ADV. Its private funds, of all types, hold $733.0 million in gross assets. Its disclosed U.S. stock holdings returned an estimated -23.9% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +14.2% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- —Form ADV Item 5.F
- Gross assets of private funds
- $733.0 millionAll private fund types, Form ADV
- Hedge funds managed
- 11 private funds in total
- Employees
- —Form ADV Item 5.A
- Registration
- Exempt reporting adviserCRD 323490
- Latest Form ADV
- 03/26/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | -9.4% | +14.8% |
| Q1 2026 | -16.1% | -4.6% |
| Q4 2025 | -7.7% | +2.4% |
| Q3 2025 | +18.1% | +7.8% |
| Q2 2025 | +28.3% | +10.4% |
| Q1 2025 | +2.2% | -4.5% |
| Q4 2024 | -3.0% | +2.1% |
| Q3 2024 | +8.2% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Full Truck Alliance Co LTD$139.7 million
- PDD Holdings Inc$126.7 million
- Lumentum Hldgs Inc$41.8 million
- Nvidia Corp$21.9 million
- Tencent Music Entertainment GR$20.2 million
- PDD Holdings Inc$19.1 million
- Lufax Holding LTD$18.4 million
- Hello Group Inc$14.3 million
- Qfin Holdings Inc$9.0 million
As of 2026-06-30, from 13F filing by Alpine Investment Management Ltd.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures