Alpine Partners USVI 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3-D SYS CORP DEL	COM NEW	88554DAB2	878	20,000	SH		SOLE		878	0	0
3M CO	COM	88579Y101	1,139	10,424	SH		SOLE		1,139	0	0
ABBOTT LABS	COM	002824100	796	22,836	SH		SOLE		796	0	0
AFFILIATED MANAGERS GROUP	COM	008252AL2	245	1,500	SH		SOLE		245	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	213	5,000	SH		SOLE		213	0	0
ALASKA AIR GROUP INC	COM	011659109	1,812	34,852	SH		SOLE		1,812	0	0
ALKERMES PLC	SHS	G01767105	736	25,667	SH		SOLE		736	0	0
AMARIN CORP PLC	SPONS ADR NEW	023111206	1,160	200,000	SH		SOLE		1,160	0	0
AMERICAN EXPRESS CO	COM	025816109	1,685	22,552	SH		SOLE		1,685	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	334	6,000	SH		SOLE		334	0	0
AMGEN INC	COM	031162100	1,654	16,772	SH		SOLE		1,654	0	0
AMPHENOL CORP NEW	CL A	032095101	210	2,700	SH		SOLE		210	0	0
APPLE INC	COM	037833100	9,913	25,000	SH		SOLE		9,913	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	309	4,500	SH		SOLE		309	0	0
AUTOZONE INC	COM	053332102	292	690	SH		SOLE		292	0	0
AVIS BUDGET GROUP	COM	053774AB1	1,624	56,487	SH		SOLE		1,624	0	0
BANK OF AMERICA CORPORATION	COM	060505104	514	40,000	SH		SOLE		514	0	0
BARD C R INC	COM	067383109	249	2,300	SH		SOLE		249	0	0
BECTON DICKINSON & CO	COM	075887109	380	3,851	SH		SOLE		380	0	0
BMC SOFTWARE INC	COM	055921100	1,128	25,000	SH		SOLE		1,128	0	0
BOISE INC	COM	09746Y105	962	112,744	SH		SOLE		962	0	0
BOSTON PRIVATE FINL HLDGS IN	*W EXP 11/21/201	101119105	211	50,000	SH		SOLE		211	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	2,228	49,859	SH		SOLE		2,228	0	0
CA INC	COM	12673P105	269	9,400	SH		SOLE		269	0	0
CABELAS INC	COM	126804301	642	9,919	SH		SOLE		642	0	0
CATAMARAN CORP	COM	148887102	286	5,900	SH		SOLE		286	0	0
CBRE GROUP INC	CL A	12504L109	716	30,654	SH		SOLE		716	0	0
CELL THERAPEUTICS INC	COM NPV NEW 2012	150934883	94	90,017	SH		SOLE		94	0	0
CENTRAL FD CDA LTD	CL A	153501101	136	10,000	SH		SOLE		136	0	0
CF INDS HLDGS INC	COM	125269100	360	2,100	SH		SOLE		360	0	0
CHUBB CORP	COM	171232101	270	3,200	SH		SOLE		270	0	0
CITIGROUP INC	*W EXP 10/28/201	172967226	165	2,000,000	SH		SOLE		165	0	0
CME GROUP INC	COM	12572Q105	364	4,800	SH		SOLE		364	0	0
COCA COLA CO	COM	191216100	2,181	54,392	SH		SOLE		2,181	0	0
COLGATE PALMOLIVE CO	COM	194162103	912	15,920	SH		SOLE		912	0	0
COMERICA INC	*W EXP 11/14/201	200340107	4,178	306,100	SH		SOLE		4,178	0	0
COVIDIEN PLC	SHS	G2554F113	5,309	84,500	SH		SOLE		5,309	0	0
CROWN CASTLE INTL CORP	COM	228227104	713	9,856	SH		SOLE		713	0	0
CUBIST PHARMACEUTICALS INC	COM	229678AD9	642	13,295	SH		SOLE		642	0	0
CUSTOMERS BANCORP INC	COM	23204G100	325	20,012	SH		SOLE		325	0	0
CVR ENERGY INC	COM	12662P108	499	10,541	SH		SOLE		499	0	0
CVS CAREMARK CORPORATION	COM	126650100	1,322	23,120	SH		SOLE		1,322	0	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	253	2,100	SH		SOLE		253	0	0
DELL INC	COM	24702R101	1,249	93,758	SH		SOLE		1,249	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	715	14,116	SH		SOLE		715	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	859	45,956	SH		SOLE		859	0	0
DIRECTV	COM	25490A309	2,334	37,870	SH		SOLE		2,334	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	695	9,004	SH		SOLE		695	0	0
DISCOVERY LABORATORIES INC N	COM NEW	254668403	15	10,180	SH		SOLE		15	0	0
DISNEY WALT CO	COM DISNEY	254687106	492	7,800	SH		SOLE		492	0	0
DOLLAR TREE INC	COM	256746108	259	5,100	SH		SOLE		259	0	0
DOMINOS PIZZA INC	COM	25754A201	739	12,718	SH		SOLE		739	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	225	4,900	SH		SOLE		225	0	0
DRIL-QUIP INC	COM	262037104	773	8,570	SH		SOLE		773	0	0
EAGLE MATERIALS INC	COM	26969P108	690	10,415	SH		SOLE		690	0	0
EASTMAN CHEM CO	COM	277432100	224	3,200	SH		SOLE		224	0	0
EATON CORP PLC	SHS	G29183103	1,558	23,688	SH		SOLE		1,558	0	0
ECHELON CORP	COM	27874N105	26	12,400	SH		SOLE		26	0	0
EMERSON ELEC CO	COM	291011104	479	8,800	SH		SOLE		479	0	0
ENZO BIOCHEM INC	COM	294100102	230	110,810	SH		SOLE		230	0	0
EXIDE TECHNOLOGIES	COM NEW	302051AL1	12	100,000	SH		SOLE		12	0	0
EXTERRAN HLDGS INC	COM	30225XAA1	202	7,200	SH		SOLE		202	0	0
EXXON MOBIL CORP	COM	30231G102	13,357	147,844	SH		SOLE		13,357	0	0
FASTENAL CO	COM	311900104	338	7,400	SH		SOLE		338	0	0
FERRO CORP	COM	315405AL4	415	59,731	SH		SOLE		415	0	0
FIRST SOLAR INC	COM	336433107	329	7,354	SH		SOLE		329	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	77	18,960	SH		SOLE		77	0	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	753	77,200	SH		SOLE		753	0	0
GAMCO NAT RES GOLD & INCOME	SH BEN INT	36465E101	443	42,400	SH		SOLE		443	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T107	16	10,300	SH		SOLE		16	0	0
GENERAL ELECTRIC CO	COM	369604103	463	20,000	SH		SOLE		463	0	0
GENESEE & WYO INC	CL A	371559105	823	9,705	SH		SOLE		823	0	0
GENETIC TECHNOLOGIES LTD	SPONSORED ADR	37185R109	23	10,100	SH		SOLE		23	0	0
GOLD RESOURCE CORP	COM	38068T105	114	13,090	SH		SOLE		114	0	0
GOLDEN STAR RES LTD CDA	COM	38119TAE4	233	474,327	SH		SOLE		233	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	1,070	70,000	SH		SOLE		1,070	0	0
GULFMARK OFFSHORE INC	CL A NEW	402629208	252	5,600	SH		SOLE		252	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	772	16,407	SH		SOLE		772	0	0
HANCOCK JOHN PREMUIM DIV FD	COM SH BEN INT	41013T105	178	13,436	SH		SOLE		178	0	0
HANSEN MEDICAL INC	COM	411307101	60	42,444	SH		SOLE		60	0	0
HANWHA SOLARONE CO LTD	SPONSORED ADR	41135V103	26	12,570	SH		SOLE		26	0	0
HARLEY DAVIDSON INC	COM	412822108	246	4,500	SH		SOLE		246	0	0
HARRIS & HARRIS GROUP INC	COM	413833104	203	67,019	SH		SOLE		203	0	0
HARVEST NATURAL RESOURCES IN	COM	41754V103	101	32,665	SH		SOLE		101	0	0
HEALTH MGMT ASSOC INC NEW	CL A	421933102	303	19,300	SH		SOLE		303	0	0
HEXCEL CORP NEW	COM	428291108	725	21,307	SH		SOLE		725	0	0
HOME DEPOT INC	COM	437076102	1,828	23,602	SH		SOLE		1,828	0	0
ILLINOIS TOOL WKS INC	COM	452308109	2,286	33,058	SH		SOLE		2,286	0	0
IMMUNOCELLULAR THERAPEUTICS	COM	452536105	101	52,425	SH		SOLE		101	0	0
ING ASIA PAC HGH DIVID EQ IN	COM	44983J107	323	23,768	SH		SOLE		323	0	0
INGERSOLL-RAND PLC	SHS	G47791101	249	4,500	SH		SOLE		249	0	0
INSPIREMD INC	COM NEW	45779A309	165	75,000	SH		SOLE		165	0	0
INTEGRATED DEVICE TECHNOLOGY	COM	458118106	96	12,200	SH		SOLE		96	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	7,998	41,851	SH		SOLE		7,998	0	0
INTEVAC INC	COM	461148108	109	19,285	SH		SOLE		109	0	0
IPASS INC	COM	46261V108	25	13,271	SH		SOLE		25	0	0
ISHARES TR	NASDQ BIO INDX	464287101	447	2,573	SH		SOLE		447	0	0
ISHARES TR	DJ US REAL EST	464287101	6,811	102,542	SH		SOLE		6,811	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	492	7,168	SH		SOLE		492	0	0
KAYNE ANDERSON ENRGY TTL RT	COM	48660P104	799	26,729	SH		SOLE		799	0	0
KINDER MORGAN INC DEL	COM	49456B101	392	10,300	SH		SOLE		392	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540RAG7	210	2,100	SH		SOLE		210	0	0
LAMAR ADVERTISING CO	CL A	512815101	295	6,800	SH		SOLE		295	0	0
LEGG MASON INC	COM	524901105	775	25,000	SH		SOLE		775	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	3,543	48,221	SH		SOLE		3,543	0	0
LIBERTY MEDIA CORP DELAWARE	CL A	531229102	215	1,700	SH		SOLE		215	0	0
LILLY ELI & CO	COM	532457108	942	19,186	SH		SOLE		942	0	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	463	16,886	SH		SOLE		463	0	0
LORILLARD INC	COM	544147101	401	9,200	SH		SOLE		401	0	0
LSI CORPORATION	COM	502161102	90	12,700	SH		SOLE		90	0	0
MARATHON PETE CORP	COM	56585A102	3,633	51,132	SH		SOLE		3,633	0	0
MATTSON TECHNOLOGY INC	COM	577223100	60	27,844	SH		SOLE		60	0	0
MCEWEN MNG INC	COM	58039P107	604	359,630	SH		SOLE		604	0	0
MCGRAW HILL FINL INC	COM	580645109	436	8,200	SH		SOLE		436	0	0
MCKESSON CORP	COM	58155Q103	309	2,700	SH		SOLE		309	0	0
NEPTUNE TECHNOLOGIES BIORESO	COM	64077P108	851	261,902	SH		SOLE		851	0	0
NEWS CORP	CL A	65249B109	6,841	210,000	SH		SOLE		6,841	0	0
NORDSON CORP	COM	655663102	214	3,100	SH		SOLE		214	0	0
NVR INC	COM	62944T105	212	230	SH		SOLE		212	0	0
OASIS PETE INC NEW	COM	674215108	577	14,847	SH		SOLE		577	0	0
OCLARO INC	COM NEW	67555N206	42	35,892	SH		SOLE		42	0	0
OCWEN FINL CORP	COM NEW	675746309	999	24,247	SH		SOLE		999	0	0
OCZ TECHNOLOGY GROUP INC	COM	67086E303	50	35,064	SH		SOLE		50	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	640	15,384	SH		SOLE		640	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	726	23,414	SH		SOLE		726	0	0
ONCOTHYREON INC	COM	682324108	46	29,332	SH		SOLE		46	0	0
PENTAIR LTD	SHS	H6169Q108	323	5,609	SH		SOLE		323	0	0
PEPSICO INC	COM	713448108	1,937	23,688	SH		SOLE		1,937	0	0
PERRIGO CO	COM	714290103	229	1,900	SH		SOLE		229	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V101	1,341	100,000	SH		SOLE		1,341	0	0
PHARMACYCLICS INC	COM	716933106	964	12,140	SH		SOLE		964	0	0
PHILIP MORRIS INTL INC	COM	718172109	8,123	93,780	SH		SOLE		8,123	0	0
POWER ONE INC NEW	COM	73930R102	269	42,714	SH		SOLE		269	0	0
PPG INDS INC	COM	693506107	2,558	17,472	SH		SOLE		2,558	0	0
PRAXAIR INC	COM	74005P104	310	2,700	SH		SOLE		310	0	0
PROSHARES TR II	ULTSH DJ UBS CRU	74347W106	2,733	75,000	SH		SOLE		2,733	0	0
QUICKLOGIC CORP	COM	74837P108	111	50,531	SH		SOLE		111	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	725	3,224	SH		SOLE		725	0	0
REPUBLIC SVCS INC	COM	760759100	386	11,400	SH		SOLE		386	0	0
RITE AID CORP	COM	767754BU7	28	10,000	SH		SOLE		28	0	0
ROCKWELL AUTOMATION INC	COM	773903109	224	2,700	SH		SOLE		224	0	0
ROSS STORES INC	COM	778296103	278	4,298	SH		SOLE		278	0	0
SEATTLE GENETICS INC	COM	812578102	614	19,525	SH		SOLE		614	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y100	3,973	50,748	SH		SOLE		3,973	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y100	3,228	85,796	SH		SOLE		3,228	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	4,289	111,871	SH		SOLE		4,289	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y100	12,412	260,705	SH		SOLE		12,412	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y100	16,001	283,707	SH		SOLE		16,001	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y100	18,539	606,156	SH		SOLE		18,539	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y100	22,603	1,162,416	SH		SOLE		22,603	0	0
SIRIUS XM RADIO INC	COM	82967N108	3,588	1,071,218	SH		SOLE		3,588	0	0
SMITH A O	COM	831865209	619	17,068	SH		SOLE		619	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	16,079	135,000	SH		SOLE		16,079	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,997	12,450	SH		SOLE		1,997	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A102	1,016	9,751	SH		SOLE		1,016	0	0
SPRINT NEXTEL CORP	COM SER 1	852061100	1,817	258,878	SH		SOLE		1,817	0	0
STARBUCKS CORP	COM	855244109	794	12,128	SH		SOLE		794	0	0
STARWOOD PPTY TR INC	COM	85571BAA3	901	36,421	SH		SOLE		901	0	0
SUNTRUST BKS INC	*W EXP 11/14/201	867914103	355	110,500	SH		SOLE		355	0	0
SYNERGY PHARMACEUTICALS DEL	COM NEW	871639118	280	65,000	SH		SOLE		280	0	0
TELLABS INC	COM	879664100	3,207	1,624,100	SH		SOLE		3,207	0	0
THERAVANCE INC	COM	88338TAA2	244	6,357	SH		SOLE		244	0	0
TJX COS INC NEW	COM	872540109	420	8,400	SH		SOLE		420	0	0
T-MOBILE US INC	COM	872590104	3,607	145,419	SH		SOLE		3,607	0	0
TRACTOR SUPPLY CO	COM	892356106	270	2,300	SH		SOLE		270	0	0
TRANSDIGM GROUP INC	COM	893641100	216	1,380	SH		SOLE		216	0	0
TRAVELERS COMPANIES INC	COM	89417E109	423	5,300	SH		SOLE		423	0	0
TWO HBRS INVT CORP	COM	90187B101	792	77,291	SH		SOLE		792	0	0
TYCO INTERNATIONAL LTD	SHS	H89128104	12,390	376,038	SH		SOLE		12,390	0	0
U S AIRWAYS GROUP INC	COM	90341W108	1,231	75,000	SH		SOLE		1,231	0	0
UNION PAC CORP	COM	907818108	1,242	8,052	SH		SOLE		1,242	0	0
UNITED CONTL HLDGS INC	COM	910047109	447	14,300	SH		SOLE		447	0	0
UNITED STATES ANTIMONY CORP	COM	911549103	16	14,959	SH		SOLE		16	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	1,021	10,992	SH		SOLE		1,021	0	0
URANERZ ENERGY CORP	COM	91688T104	40	37,100	SH		SOLE		40	0	0
V F CORP	COM	918204108	222	1,150	SH		SOLE		222	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,102	31,698	SH		SOLE		1,102	0	0
VERISIGN INC	COM	92343EAD4	317	7,100	SH		SOLE		317	0	0
VIACOM INC NEW	CL B	92553P102	728	10,708	SH		SOLE		728	0	0
VISTA GOLD CORP	COM NEW	927926303	28	29,026	SH		SOLE		28	0	0
WAL-MART STORES INC	COM	931142103	2,216	29,752	SH		SOLE		2,216	0	0
WASHINGTON FED INC	*W EXP 11/14/201	938824109	363	82,900	SH		SOLE		363	0	0
WATERS CORP	COM	941848103	230	2,300	SH		SOLE		230	0	0
WATSCO INC	COM	942622101	319	3,800	SH		SOLE		319	0	0
WEBMD HEALTH CORP	COM	94770VAF9	245	8,369	SH		SOLE		245	0	0
WESTERN UN CO	COM	959802109	196	11,500	SH		SOLE		196	0	0
WHOLE FOODS MKT INC	COM	966837106	712	13,832	SH		SOLE		712	0	0
WINTRUST FINANCIAL CORP	*W EXP 12/19/201	97650W108	908	50,000	SH		SOLE		908	0	0
WISDOMTREE TRUST	JAPN HEDGE EQT	97717W109	4,104	90,000	SH		SOLE		4,104	0	0
WOODWARD INC	COM	980745103	208	5,200	SH		SOLE		208	0	0
YAHOO INC	COM	984332106	1,625	64,674	SH		SOLE		1,625	0	0
YUM BRANDS INC	COM	988498101	443	6,400	SH		SOLE		443	0	0
ZOETIS INC	CL A	98978V103	12,774	413,540	SH		SOLE		12,774	0	0