# ACR Alpine Capital Research

ACR Alpine Capital Research is an Asset Manager based in St. Louis, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** St. Louis, United States
- **Region:** North America
- **Address:** St. Louis, MO, United States
- **Founded:** 2006
- **Assets under management:** $1B – $5B (Altss estimate)
- **Website:** acr-invest.com

## Regulatory record

- **CRD number:** 110933
- **SEC file number:** 801-60694
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-05-27T00:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/110933

## About

ACR Alpine Capital Research, LLC is an SEC-registered investment adviser in St. Louis, MO, registered since 2001. The firm manages $10.8 billion in assets, with $8.2 billion on a discretionary basis. It has 35 employees and 11 investment advisers.

## Sectors

- Financials
- Energy
- Utilities
- Consumer Discretionary
- Industrials

## People

- Nick Tompras — Founder, Chief Investment Officer

## Questions

### Who runs investment decisions at ACR Alpine Capital Research?

Founder Nick Tompras serves as Chief Investment Officer and leads the firm's concentrated global equity and credit portfolios. ACR operates a flat analyst structure where research team members are trained through the firm's internal ACR University program, a rigorous semester-long curriculum on fundamental valuation methodology. Investment decisions are made collectively by the partnership's senior investment committee.

### How does ACR source its investment ideas?

ACR relies on deep proprietary fundamental research rather than sell-side consensus or thematic screens. The firm's analysts build full three-statement financial models and stress-test assumptions over multi-year holding periods. Geographic and sector flexibility allows the team to follow value wherever it emerges, rather than being constrained by a rigid mandate or benchmark.

### Why does ACR close its strategies to new investors?

ACR imposes capacity limits on its strategies to protect returns for existing clients. When the firm determines that the investable opportunity set cannot absorb additional capital without dilution, it closes the relevant strategy. This discipline is central to the firm's partnership structure, which prioritizes investment performance over asset-gathering economics.

### What is ACR University and how does it affect the firm's investment process?

ACR University is an internal training program that teaches value-investing principles, accounting, and financial modeling to analysts and portfolio managers. The curriculum runs over an academic semester and emphasizes primary-source analysis of companies. By developing talent internally, ACR minimizes reliance on external hires and preserves a consistent analytical culture across its research team.

## Related profiles

- [ACP Credit Management](https://altss.com/profile/acp-credit-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/acr-alpine-capital-research-llc

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