Alpine Associates Management provides portfolio management for pooled vehicles and portfolio management for institutions. The firm advises 9 private funds.
Alpine Associates Management reports 11 clients. They include 10 pooled investment vehicles and 1 corporate or other business client. Of its assets, 100.0% ($2.09B across 11 accounts) are managed with discretion. Of its clients, 27% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 91% | 98% |
| Corporations and other businesses | 9% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 10 | $2.05B | 97.8% | $205M |
| Corporations and other businesses | 1 | $45.3M | 2.2% | $45.3M |
| Total | 11 | $2.09B | 100% | $190M |
- Clients
- 10
- Regulatory AUM
- $2.05B
- AUM share
- 97.8%
- Avg. per client
- $205M
- Clients
- 1
- Regulatory AUM
- $45.3M
- AUM share
- 2.2%
- Avg. per client
- $45.3M
Total
- Clients
- 11
- Regulatory AUM
- $2.09B
- AUM share
- 100%
- Avg. per client
- $190M
- Clients outside the U.S.
- 27%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 9
Alpine Associates Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Victoria Zoellner owns 75% or more of Alpine Associates Management. Robert Zoellner is CEO; the leadership team includes Chief Operating Officer Christian Marzullo. It has 26 employees, 13 of them in advisory roles.
Leadership
- Robert ZoellnerChief Executive Officer, Chief Investment Officer, Director
- Christian MarzulloChief Operating Officer, Chief Compliance Officer
- Parker BlakeDirector of Operations
- Stephen CoanDirector
- Angela D'OnofrioController
- James JalilDirector
- Todd MasonDeputy Compliance Officer
- Victoria ZoellnerChairman, Director
Staff
- 26 employees
- 13 in advisory functions
- 7 soliciting firms
- Owns 75% or more of Alpine Associates Management Inc.
Victoria Zoellner
Control person · since January 2015
Alpine Associates Management’s regulatory assets fell from $3.66B (March 2021) to $2.09B (March 2026); clients fell from 12 to 11 and employees rose from 23 to 26.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.09B | 11 | 26 | 1 |
| March 2025 | $2.36B | 11 | 26 | 1 |
| March 2024 | $2.69B | 12 | 26 | 2 |
| March 2023 | $2.97B | 12 | 24 | 2 |
| March 2022 | $4.08B | 11 | 23 | 1 |
| March 2021 | $3.66B | 12 | 23 | 1 |
Besides its headquarters, Alpine Associates Management has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 249 Royal Palm Way, Suite 400, Palm BeachHQ
Contact and registration details
- Legal name
- Alpine Associates Management Inc.
- Headquarters
- 249 Royal Palm Way, Suite 400, Palm Beach, FL 33480-4334
- Phone
- 561-834-6550
- SEC file
- 801-65726
- Structure
- Delaware corporation
- Fiscal year end
- December
Alpine Associates Management uses J.P. Morgan ($40.4M, 83%) and UBS Securities ($8.34M, 17%) as custodians for its separately managed accounts. Alpine Associates Management has custody of $2.04B in client assets for 9 clients.
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $40.4M83%
- UBS SecuritiesUBS Securities LLC · New York, NY · $8.34M17%
At year end, Alpine Associates Management’s separately managed accounts were mostly in stocks (98%). Its reported 13F holdings for the quarter ended 31 March 2026 total $1.7B across 70 positions; the largest are Norfolk Southn Corp. (7.9%), Air Lease Corp. (5.3%) and Chart Inds Inc. (5.2%).
What the accounts hold
- Stocks98%
- Other2%
- Derivatives1%
- Other assets comprise receivables, dividends receivable and due from brokers1%
Reported 13F holdings
- $1.7B
- Reported 13F value
- 70
- Positions
- 40.1%
- In the 10 largest
- —
- Value vs. prior quarter
- Norfolk Southn Corp.7.9%
- Air Lease Corp. · CL A5.3%
- Chart Inds Inc.5.2%
- Electronic Arts Inc.3.9%
- Qorvo Inc.3.7%
- Unifirst Corp. Mass3.2%
- Kenvue Inc.3.0%
- Valaris Ltd · CL A2.7%
- Silicon Laboratories Inc.2.7%
- Arcellx Inc.2.6%
Together, the ten largest are 40.1% of reported value.
How many clients does Alpine Associates Management have?
Alpine Associates Management has 11 clients and manages $2.09 billion for them, as of March 2026. They include 10 pooled investment vehicles and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Alpine Associates Management offer?
Alpine Associates Management provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Alpine Associates Management use?
Alpine Associates Management’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $40.4M and UBS Securities LLC (New York, NY), with $8.34M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Alpine Associates Management have?
Alpine Associates Management has 0 investment adviser representatives registered with state securities authorities, out of 26 employees, and 13 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Alpine Associates Management invest in?
At the end of its last fiscal year, Alpine Associates Management’s separately managed accounts held 98% exchange-traded equities, 1% derivatives and 1% other. The 1% other category is described as: Other Assets Comprise Receivables, Dividends Receivable and Due From Brokers. It advises 9 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Alpine Associates Management?
Alpine Associates Management’s direct owner is Victoria Zoellner (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Alpine Associates Management get paid?
Alpine Associates Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Alpine Associates Management registered with the SEC?
Yes, Alpine Associates Management has been registered with the SEC as an investment adviser since 30 January 2006. Its CRD number is 138901 and its SEC file number is 801-65726.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Alpine Associates Management?
Alpine Associates Management’s main office is at 249 Royal Palm Way, Suite 400, Palm Beach, FL 33480-4334. Its phone number is 561-834-6550. Its website is alpineassociatesmanagement.com.