# EDGAR Filing Document

**Accession Number:** 0001508822
**File Stem:** 0001508822-25-000007
**Filing Date:** 2025-10
**Character Count:** 11279
**Document Hash:** 62eacf81590138b8adb3f2d40fcbfc6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001508822-25-000007.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001508822-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**EFFECTIVENESS DATE**: 20251030

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ACR Alpine Capital Research, LLC
- **CENTRAL INDEX KEY:** 0001508822

**ORGANIZATION NAME:**
- **EIN:** 814872049
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14059
- **FILM NUMBER:** 251435151

**BUSINESS ADDRESS:**
- **STREET 1:** 190 CARONDELET PLAZA
- **STREET 2:** SUITE 1300
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 314-932-1010

**MAIL ADDRESS:**
- **STREET 1:** 190 CARONDELET PLAZA
- **STREET 2:** SUITE 1300
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpine Investment Management, LLC
- **DATE OF NAME CHANGE:** 20101227

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ACR Alpine Capital Research LLC<br>**Address:** 190 CARONDELET PLAZA<br>SUITE 1300<br>ST. LOUIS, MO 63105

**Form 13F File Number:** 028-14059

**CRD Number (if applicable):** 000110933

**SEC File Number (if applicable):** 801-60694

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mitul D. Nakum<br>**Title:** Chief Operating Officer<br>**Phone:** 314-932-7600

**Signature, Place, and Date of Signing:**

/s/ Mitul D. Nakum  Saint Louis, MO  10-30-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 64

**Form 13F Information Table Value Total:** $5852572901

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                       | Form 13F File Number   |
|:---|:---|:---|
|  | ALPINE PRIVATE CAPITAL LLC | 028-18336              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| API GROUP CORP | COM STK | 00187Y100 | BBG00HVV7984 | 75786 | 2205 | SH |  | SOLE |  | 2205 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 | BBG00HVV7984 | 1991673 | 57948 | SH |  | SOLE | 1 | 57948 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 34667226 | 286506 | SH |  | SOLE | 1 | 286506 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 257767414 | 2130309 | SH |  | SOLE |  | 2130309 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 | BBG001S5P2T2 | 9384180 | 454000 | SH |  | SOLE |  | 454000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 2262600 | 3 | SH |  | SOLE | 1 | 3 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 61844400 | 82 | SH |  | SOLE |  | 82 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 20905437 | 41583 | SH |  | SOLE | 1 | 41583 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 92738214 | 184466 | SH |  | SOLE |  | 184466 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 47725982 | 307334 | SH |  | SOLE | 1 | 307334 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 336083814 | 2164233 | SH |  | SOLE |  | 2164233 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 51728866 | 509644 | SH |  | SOLE | 1 | 509644 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 313802065 | 3091646 | SH |  | SOLE |  | 3091646 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 2780700 | 155000 | SH |  | SOLE |  | 155000 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZT0 | 6013600 | 42418 | SH |  | SOLE |  | 42418 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZT0 | 8903014 | 62799 | SH |  | SOLE | 1 | 62799 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 54222267 | 524647 | SH |  | SOLE | 1 | 524647 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 348367982 | 3370759 | SH |  | SOLE |  | 3370759 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 358712150 | 1521191 | SH |  | SOLE |  | 1521191 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 48453296 | 205476 | SH |  | SOLE | 1 | 205476 | 0 | 0 |
| FIVE POINT HOLDINGS LLC | COM CL A | 33833Q106 | BBG00BK2WQG8 | 2059760 | 336013 | SH |  | SOLE |  | 336013 | 0 | 0 |
| FIVE POINT HOLDINGS LLC | COM CL A | 33833Q106 | BBG00BK2WQG8 | 4454328 | 726644 | SH |  | SOLE | 1 | 726644 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 62285855 | 1021582 | SH |  | SOLE | 1 | 1021582 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 378953976 | 6215417 | SH |  | SOLE |  | 6215417 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 | BBG00DRGSD25 | 91989891 | 917788 | SH |  | SOLE | 1 | 917788 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 | BBG00DRGSD25 | 385972565 | 3850869 | SH |  | SOLE |  | 3850869 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 | BBG00S1LR2D2 | 4343550 | 127489 | SH |  | SOLE | 1 | 127489 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 | BBG00S1LR2D2 | 1847616 | 54230 | SH |  | SOLE |  | 54230 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 | BBG00TZR7YF0 | 9667200 | 96000 | SH |  | SOLE |  | 96000 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 | BBG001S5SX02 | 123382 | 1886 | SH |  | SOLE |  | 1886 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 | BBG001S5SX02 | 3366906 | 51466 | SH |  | SOLE | 1 | 51466 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 363130289 | 1958420 | SH |  | SOLE |  | 1958420 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 50741447 | 273656 | SH |  | SOLE | 1 | 273656 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 44822603 | 142100 | SH |  | SOLE | 1 | 142100 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 302219113 | 958118 | SH |  | SOLE |  | 958118 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 | BBG001SM6C41 | 57416 | 6901 | SH |  | SOLE |  | 6901 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 | BBG001SM6C41 | 1486684 | 178688 | SH |  | SOLE | 1 | 178688 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 319045730 | 2531305 | SH |  | SOLE |  | 2531305 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 43953425 | 348726 | SH |  | SOLE | 1 | 348726 | 0 | 0 |
| LENNAR CORP | CL B | 526057302 | BBG001SKR1T9 | 1262895 | 10525 | SH |  | SOLE | 1 | 10525 | 0 | 0 |
| LENNAR CORP | CL B | 526057302 | BBG001SKR1T9 | 2202776 | 18358 | SH |  | SOLE |  | 18358 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 | BBG01K9HZHB9 | 220657783 | 19254606 | SH |  | SOLE |  | 19254606 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 | BBG01K9HZHB9 | 22726716 | 1983134 | SH |  | SOLE | 1 | 1983134 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 | BBG01K9KJ456 | 70155055 | 5970643 | SH |  | SOLE |  | 5970643 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 | BBG01K9KJ456 | 13567290 | 1154663 | SH |  | SOLE | 1 | 1154663 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 | BBG00JKWJ004 | 178413 | 21139 | SH |  | SOLE | 1 | 21139 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 | BBG00JKWJ004 | 4776961 | 565991 | SH |  | SOLE |  | 565991 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 | BBG001S5SY91 | 56805493 | 1198934 | SH |  | SOLE | 1 | 1198934 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 | BBG001S5SY91 | 231075920 | 4877077 | SH |  | SOLE |  | 4877077 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 2922443 | 34820 | SH |  | SOLE | 1 | 34820 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 110704 | 1319 | SH |  | SOLE |  | 1319 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 | BBG001S6BYT5 | 3813120 | 110015 | SH |  | SOLE | 1 | 110015 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 | BBG001S6BYT5 | 2453027 | 70774 | SH |  | SOLE |  | 70774 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 48950839 | 94508 | SH |  | SOLE | 1 | 94508 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 310029745 | 598571 | SH |  | SOLE |  | 598571 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 | BBG00MJH9M32 | 265200 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| NINE ENERGY SERVICE INC | COM | 65441V101 | BBG004M28MG8 | 9479 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SOLID POWER INC | CLASS A COM | 83422N105 | BBG0112HCTV5 | 294950 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| SOUTHERN MO BANCORP INC | COM | 843380106 | BBG001S7WWN0 | 69379 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| SOUTHERN MO BANCORP INC | COM | 843380106 | BBG001S7WWN0 | 2727181 | 51887 | SH |  | SOLE | 1 | 51887 | 0 | 0 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 52530287 | 506609 | SH |  | SOLE | 1 | 506609 | 0 | 0 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 373331847 | 3600461 | SH |  | SOLE |  | 3600461 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 248594773 | 21430584 | SH |  | SOLE |  | 21430584 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 54108223 | 4664502 | SH |  | SOLE | 1 | 4664502 | 0 | 0 |

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