# Alpine Fox Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2096493. Source: https://holderbook.com/funds/2096493-alpine-fox-capital-llc/

- Reported value: $211.2M
- Positions: 19
- Weight of the ten largest: 98.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $83.6M | 3,372,000 | 39.6% | 4 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $37.3M | 0 | 17.7% | 4 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $34.3M | 750,461 | 16.2% | 4 |
| OPENDOOR TECHNOLOGIES INC | [OPEN](https://holderbook.com/stocks/OPEN/) | $21.9M | 4,735,000 | 10.4% | 3 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $9.6M | 201,000 | 4.6% | 4 |
| BAKKT INC | [BKKT](https://holderbook.com/stocks/BKKT/) | $7.1M | 905,000 | 3.3% | 4 |
| ISHARES ETHEREUM TR | [ETHA](https://holderbook.com/stocks/ETHA/) | $6.7M | 560,000 | 3.2% | 4 |
| STRIVE INC | [ASST](https://holderbook.com/stocks/ASST/) | $6.1M | 560,000 | 2.9% | 2 |
| BITMINE IMMERSION TECHS INC | [BMNR](https://holderbook.com/stocks/BMNR/) | $1.3M | 100,000 | 0.6% | 2 |
| SOLUNA HOLDINGS INC | [SLNH](https://holderbook.com/stocks/SLNH/) | $1.0M | 750,882 | 0.5% | 1 |
| BED BATH & BEYOND INC | [BBBY](https://holderbook.com/stocks/BBBY/) | $579.0K | 100,000 | 0.3% | 1 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $485.4K | 5,000 | 0.2% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $311.8K | 500 | 0.1% | 4 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $292.8K | 10,000 | 0.1% | 1 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $173.3K | 2,000 | 0.1% | 3 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $139.1K | 1,000 | 0.1% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $135.4K | 1,000 | 0.1% | 3 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $130.6K | 1,000 | 0.1% | 3 |
| ENHANCED GROUP INC | [ENHA](https://holderbook.com/stocks/ENHA/) | $103.3K | 36,000 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +48.9% | +14.8% | +34.1% | 98% |
| Q1 2026 | -8.1% | -4.6% | -3.5% | 98% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $211.2M | 19 |
| Q1 2026 | $154.0M | 14 |
| Q4 2025 | $189.5M | 20 |
| Q3 2025 | $238.9M | 11 |