ALPINE ASSOCIATES ADVISORS

Open in PORT →← all managers

CIK 1317329

13F portfolio (2014-Q3)

$94M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2014-Q3)

Holdings

Top 5

29.2%

Top 10

48.1%

Effective N

29.3

HHI

0.034

This quarter

34 new · 0 exit →

By sector

Unclassified82.6%

Financials11.5%

Materials3.4%

Industrials1.5%

Communication Services0.4%

Information Technology0.2%

Energy0.2%

Real Estate0.1%

By market cap

Unknown89.4%

Large ($10–200B)7.3%

Mid ($2–10B)2.3%

Mega (>$200B)1.0%

By region

Other82.6%

North America17.4%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	82.62%	49
Banks	11.52%	4
Metals & Mining	3.16%	2
Marine	0.95%	1
Construction & Engineering	0.40%	1
Diversified Telecommunication Services	0.38%	1
Technology Hardware & Equipment	0.25%	1
Airlines	0.20%	1
Oil, Gas & Consumable Fuels	0.20%	1
Chemicals	0.20%	1
Equity Real Estate Investment Trusts (REITs)	0.13%	1

Top holdings

#	Ticker	Name	Sector	Weight
1		HUDSON CITY BANCORP	Unclassified	9.72%
2	BSBR	Banco Santander (Brasil) S.A.	Financials	5.40%
3		AMER RLTY CAP HEALTHCAR TR INC COM	Unclassified	5.02%
4		COMPUWARE CORP	Unclassified	4.57%
5		CUBIST PHARMACEUTICALS INC	Unclassified	4.53%
6		GLIMCHER RLTY TR	Unclassified	4.48%
7		COMMUNITY HEALTH SYS INC NEW	Unclassified	4.41%
8		INTERNATIONAL GAME TECHNOLOG	Unclassified	3.75%
9	GULTU	UTS GULF COAST ULTRA DEEP	Unclassified	3.53%
10	RF	REGIONS FINANCIAL CORP	Financials	2.67%

14/63 names classified · sector 17.4% of weight · industry 17.4% · mkt cap 10.6%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 6 quarters

FinancialsHBAN, BSBR, ICE, RF, MTB · other

Information TechnologyGE, AAPL, MSFT, CSCO, CDNS · other

Communication ServicesOMC, SIRI, VZ, BCE

MaterialsLYB, AA, BTG, FCX, FMC · other

IndustrialsNVGS, DAL, ALK, FLR, UAL · other

Consumer StaplesSFD, DOLE

Real EstateWELL, MAA, RHP

Health CareSNN, CYH, BKD

EnergyVLO, MPC

Consumer Discretionary

UnclassifiedHUDSON CITY BANCORP, LIFE TECHNOLOGIES CORP, FOREST LABS INC, NYSE EURONEXT USD, BEAM INC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 17.4% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2014-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 8% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (10 classified)ALPINE ASSOCIATES ADVISORS centroid (Mid Value)

FinancialsMaterialsIndustrialsInformation TechnologyEnergyReal Estate

Style box summary for ALPINE ASSOCIATES ADVISORS: centroid Mid Value. Heaviest cells: Mid Value 5.5%, Small Core 1.0%, Large Value 1.0%.

Classified: 8.5% of book weight (10/16 names) · unclassified 91.5%: , BSBR, GULTU, BTG, NVGS, BCE. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 63 positions (2014-Q3) · largest first · Δ vs 2014-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	HUDSON CITY BANCORP	89,075	$9M	9.7%	TRIM −99%
2	BSBRBANCO SANTANDER BRASIL S A	33,292	$5M	5.4%	TRIM −97%
3	AMER RLTY CAP HEALTHCAR TR INC COM	49,570	$5M	5.0%	TRIM −98%
4	COMPUWARE CORP	45,712	$4M	4.6%	NEW
5	CUBIST PHARMACEUTICALS INC	513	$4M	4.5%	TRIM −100%
6	GLIMCHER RLTY TR	57,208	$4M	4.5%	NEW
7	COMMUNITY HEALTH SYS INC NEW	146	$4M	4.4%	TRIM −100%
8	INTERNATIONAL GAME TECHNOLOG	59,637	$4M	3.7%	NEW
9	GULTUUTS GULF COAST ULTRA DEEP	6,657	$3M	3.5%	TRIM −100%
10	RFREGIONS FINANCIAL CORP NEW	25,252	$3M	2.7%	TRIM −98%
11	HBANHUNTINGTON BANCSHARES INC	24,432	$3M	2.7%	TRIM −98%
12	COVIDIEN PLC	206,638	$2M	2.5%	TRIM −86%
13	DIRECTV	197,127	$2M	2.4%	TRIM −86%
14	LINNCO LLC	64,574	$2M	2.4%	TRIM −97%
15	BTGB2GOLD CORP	4,143	$2M	2.2%	NEW
16	TRIQUINT SEMICONDUCTOR INC	34,462	$2M	1.9%	NEW
17	ROCKWOOD HLDGS INC	134,399	$2M	1.9%	NEW
18	SAFEWAY INC	57,185	$2M	1.8%	TRIM −96%
19	ATHLON ENERGY INC	94,595	$2M	1.7%	NEW
20	CONVERSANT INC	55,238	$2M	1.7%	NEW
21	TRW AUTOMOTIVE HLDGS CORP	158,112	$2M	1.7%	NEW
22	INTERNATIONAL RECTIFIER CORP	59,170	$2M	1.6%	NEW
23	KODIAK OIL & GAS CORP	18,994	$1M	1.5%	NEW
24	TRULIA INC	68,348	$1M	1.5%	NEW
25	PROTECTIVE LIFE CORP COM	90,608	$1M	1.4%	TRIM −90%
26	SHANDA GAMES LTD	8,496	$1M	1.4%	TRIM −99%
27	MOVE INC	24,963	$1M	1.3%	NEW
28	TW TELECOM INC COM	48,466	$1M	1.2%	TRIM −95%
29	PEPCO HOLDINGS INC	30,694	$1M	1.2%	TRIM −94%
30	LORILLARD INC	66,302	$1M	1.2%	NEW
31	LIN MEDIA LLC	24,096	$1M	1.2%	TRIM −98%
32	URS Corp	59,780	$1M	1.1%	NEW
33	CONCUR TECHNOLOGIES INC	123,130	$970,900	1.0%	NEW
34	BALLY TECHNOLOGIES	76,890	$952,787	1.0%	NEW
35	TIM HORTONS INC	73,359	$937,700	1.0%	NEW
36	AAALCOA INC	14,980	$931,000	1.0%	TRIM −98%
37	NVGSNAVIGATOR HLDGS LTD	24,996	$898,150	1.0%	TRIM −97%
38	MONTAGE TECHNOLOGY GROUP LTD	18,158	$869,200	0.9%	TRIM −98%
39	GFI Group Inc	4,102	$758,200	0.8%	NEW
40	BACBANK AMERICA CORP	12,692	$744,400	0.8%	NEW
41	FAMILY DLR STORES INC	49,664	$642,978	0.7%	NEW
42	DRESSER-RAND GROUP INC	48,887	$594,300	0.6%	NEW
43	SIGMA ALDRICH CORP	73,527	$540,600	0.6%	NEW
44	TIME WARNER CABLE INC	72,018	$501,900	0.5%	TRIM −89%
45	GENTIVA HEALTH SERVICES INC	8,276	$493,200	0.5%	TRIM −97%
46	TIBCO SOFTWARE INC	10,239	$433,300	0.5%	NEW
47	MULTIMEDIA GAMES HLDG CO INC	13,529	$375,700	0.4%	NEW
48	PWRQUANTA SVCS INC	13,529	$372,800	0.4%	TRIM −95%
49	BCEBCE INC	15,293	$357,637	0.4%	NEW
50	ANNIES INC	14,789	$322,200	0.3%	NEW
51	EINSTEIN NOAH REST GROUP INC	6,048	$300,000	0.3%	NEW
52	INTEGRYS ENERGY GROUP INC	16,762	$258,600	0.3%	TRIM −93%
53	AAPLAPPLE INC	23,445	$232,700	0.2%	TRIM −92%
54	ALLERGAN INC	34,729	$194,900	0.2%	TRIM −93%
55	DALDELTA AIR LINES INC	6,731	$186,200	0.2%	TRIM −98%
56	VLOVALERO ENERGY CORP	8,615	$186,200	0.2%	NEW
57	LYBLYONDELLBASELL INDUSTRIES N	20,232	$186,200	0.2%	TRIM −91%
58	Brookfield Property Partners LP	3,441	$164,700	0.2%	TRIM −99%
59	MEASUREMENT SPECIALTIES INC	10,830	$126,499	0.1%	NEW
60	RHPRYMAN HOSPITALITY PPTYS INC	5,913	$125,000	0.1%	NEW
61	CELGENE CORP	8,796	$92,800	0.1%	NEW
62	MALLINCKRODT PLC	6,070	$67,329	0.1%	NEW
63	BURGER KING WORLDWIDE INC	666	$22,462	0.0%	NEW

☆ALPINE ASSOCIATES ADVISORS