Institutional Manager · CIK 0001426749
Ancient Art, L.P.
AUSTIN, TX · File #028-12920
Latest AUM
$442.1M
Positions
11
Top-10 Concentration
97.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | INMODE LTD | M5425M103 | -956,630 | -$14.3M | $0 |
| REDUCE | ECHOSTAR CORP | SATS | -100,000 | -$10.9M | +$21.6M |
| ADD | BBB FOODS INC | TBBB | +253,320 | +$8.5M | +$889,378 |
| ADD | UPWORK INC | UPWK | +372,147 | +$7.4M | +$5.3M |
| REDUCE | FRONTIER GROUP HLDGS INC | ULCC | -700,000 | -$3.3M | +$1.3M |
| REDUCE | CONTROLADORA VUELA COMP DE A | 21240E105 | -207,381 | -$1.8M | +$3.3M |
| ADD | THRYV HLDGS INC | THRY | +251,449 | +$1.5M | -$7.9M |
| ADD | STELLANTIS N.V | STLA | +50,000 | +$544,500 | +$5.3M |
| REDUCE | ALLY FINL INC | 02005N100 | 0 | $0 | +$8.0M |
| REDUCE | INTERACTIVE BROKERS GROUP IN | 45841N107 | 0 | $0 | -$7.4M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202511 pos · $442.1M
- 13F HOLDINGS REPORTQ/E Sep 202512 pos · $416.1M
- 13F HOLDINGS REPORTQ/E Jun 202515 pos · $309.6M
- 13F HOLDINGS REPORTQ/E Mar 202512 pos · $337.1M
- 13F HOLDINGS REPORTQ/E Dec 202414 pos · $470.0M
- 13F HOLDINGS REPORTQ/E Sep 202414 pos · $431.9M
- 13F HOLDINGS REPORTQ/E Jun 202417 pos · $390.4M
- 13F HOLDINGS REPORTQ/E Mar 202416 pos · $494.9M
- 13F HOLDINGS REPORTQ/E Dec 202317 pos · $465.8M
Top 11 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 1,643,636 | $105.7M | 23.91% |
| 2 | UPWORK INC | UPWK | 4,640,814 | $92.0M | 20.81% |
| 3 | ECHOSTAR CORP | SATS | 566,389 | $61.6M | 13.93% |
| 4 | ALLY FINL INC | 02005N100 | 1,308,399 | $59.3M | 13.40% |
| 5 | STELLANTIS N.V | STLA | 3,499,412 | $38.1M | 8.62% |
| 6 | LOMA NEGRA C I A S A MTN 14 | 54150E104 | 1,435,809 | $18.6M | 4.21% |
| 7 | FRONTIER GROUP HLDGS INC | ULCC | 3,583,803 | $16.9M | 3.82% |
| 8 | CONTROLADORA VUELA COMP DE A | 21240E105 | 1,753,193 | $15.6M | 3.52% |
| 9 | BBB FOODS INC | TBBB | 391,637 | $13.1M | 2.96% |
| 10 | TAMBORAN RES CORP | TBNRL | 437,142 | $11.9M | 2.69% |
| 11 | THRYV HLDGS INC | THRY | 1,560,908 | $9.4M | 2.14% |