What smart money is saying about Alpha Bank
ALPHA.AT
No fund has written a full thesis on Alpha Bank in our archive, but 2 fund letters report a position in it — most recently Overstone International Value Fund in December 2025.
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2
Reported positions
0
Bought
1
Sold
2
Letters
Position history
Every position in Alpha Bank on record in the archive was reported in Q4 2025, across 2 fund letters — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 2 | 0 | 1 | 0 |
Fund activity · 2 positions · 1 move
- December 2025
“The fund’s three bank holdings – Lloyds Banking Group, Svenska Handelsbanken and Alpha Bank – all did well, driven by a combination of earnings upgrades, on-going capital distributions and improving returns on tangible equity.”
Alpha Bank - December 2025
“We exited Alpha Bank, JD.com, Dr Reddy’s, PKO Bank, Gree Electric, Richter and Qfin, and reduced exposure to Alibaba, Emaar, CMOC, Kasikornbank and JB Financial, where prices had moved ahead of fundamentals or momentum had faded.”
Alpha Bank
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