AREX Capital Management, LP
CIK 1800261 · View on SEC EDGAR ↗
- Portfolio value
- $60.5M
- Positions
- 26
- As of
- March 31, 2026 Data as of Q1 2026
Portfolio value QoQ: +72.0% 13F does not disclose cash
- Top 10 holdings weight
- 92.82%
- Top 25 holdings weight
- 99.87%
- Positions above 1%
- 7
- Effective number of positions
- 2.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q1 2026: 10.86% Est. buys $19,024,375 · sells $5,198,494
Median holding: 1.0 quarters Tracked Q4 2024–Q1 2026 · 63.4% still held
- New positions
- 19
- Increased
- 4
- Decreased
- 3
- Closed
- 2
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +21.1% · S&P 500: +9.2%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.4% · Options excluded: 0.0%
Sector breakdown
Full portfolio 26 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| EHAB Enhabit, Inc. Common Stock | $35,142,644 | 58.07% | 2,494,155 | $12,149,144 | Up ×4 | ||
| IAC IAC Inc. - Common Stock | $10,007,500 | 16.54% | 250,000 | $8,189,350 | Up ×1 | ||
| GNW Genworth Financial Inc Common Stock | $4,186,802 | 6.92% | 515,616 | Up ×1 | |||
| CALY Callaway Golf Company Common Stock | $2,480,356 | 4.10% | 178,700 | $-2,806,154 | Down ×3 | ||
| VYX NCR Voyix Corporation Common Stock | $1,005,612 | 1.66% | 158,864 | $-232,305 | Up ×1 | ||
| SKIL Skillsoft Corp. Class A Common Stock | $914,461 | 1.51% | 213,161 | $-1,323,686 | Down ×3 | ||
| XPOF Xponential Fitness, Inc. Class A Common Stock | $903,000 | 1.49% | 150,000 | Up ×1 | |||
| TAC TransAlta Corporation Ordinary Shares | $525,896 | 0.87% | 40,000 | ||||
| RIOT Riot Platforms, Inc. - Common Stock | $525,300 | 0.87% | 42,500 | Up ×1 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $487,662 | 0.81% | 1,700 | Up ×1 | |||
| PRGO Perrigo Company plc Ordinary Shares | $483,300 | 0.80% | 45,000 | Up ×1 | |||
| KBR KBR, Inc. Common Stock | $460,750 | 0.76% | 12,500 | Up ×1 | |||
| WEX WEX Inc. common stock | $459,120 | 0.76% | 3,000 | Up ×1 | |||
| AAPL Apple Inc. - Common Stock | $456,822 | 0.75% | 1,800 | Up ×1 | |||
| CNR Core Natural Resources, Inc. Common Stock | $445,103 | 0.74% | 4,250 | ||||
| KD Kyndryl Holdings, Inc. Common Stock | $393,600 | 0.65% | 30,000 | Up ×1 | |||
| FIP FTAI Infrastructure Inc. - Common Stock | $370,500 | 0.61% | 75,000 | $140,000 | Up ×1 | ||
| APTV Aptiv PLC Ordinary Shares | $208,320 | 0.34% | 3,000 | Up ×1 | |||
| ARCC Ares Capital Corporation - Closed End Fund | $171,190 | 0.28% | 9,500 | Up ×1 | |||
| PSEC Prospect Capital Corporation - Closed End Fund | $169,650 | 0.28% | 65,000 | Up ×1 | |||
| BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest | $165,830 | 0.27% | 7,000 | Up ×1 | |||
| OCSL Oaktree Specialty Lending Corporation - Closed End Fund | $141,250 | 0.23% | 12,500 | Up ×1 | |||
| MSDL Morgan Stanley Direct Lending Fund Common Stock | $132,620 | 0.22% | 9,500 | Up ×1 | |||
| HTGC Hercules Capital, Inc. Common Stock | $118,160 | 0.20% | 8,000 | Up ×1 | |||
| NN NextNav Inc. - Common stock | $88,110 | 0.15% | 5,500 | $-327,890 | Down ×2 | ||
| GSBD Goldman Sachs BDC, Inc. Common Stock | $79,032 | 0.13% | 8,900 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| EHAB | $35,142,644 | 58.07% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| GNW | $4,186,802 | 515,616 | 6.92% |
| XPOF | $903,000 | 150,000 | 1.49% |
| TAC | $525,896 | 40,000 | 0.87% |
| RIOT | $525,300 | 42,500 | 0.87% |
| GOOG | $487,662 | 1,700 | 0.81% |
| PRGO | $483,300 | 45,000 | 0.80% |
| KBR | $460,750 | 12,500 | 0.76% |
| WEX | $459,120 | 3,000 | 0.76% |
| AAPL | $456,822 | 1,800 | 0.75% |
| CNR | $445,103 | 4,250 | 0.74% |
| KD | $393,600 | 30,000 | 0.65% |
| APTV | $208,320 | 3,000 | 0.34% |
| ARCC | $171,190 | 9,500 | 0.28% |
| PSEC | $169,650 | 65,000 | 0.28% |
| BXSL | $165,830 | 7,000 | 0.27% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| EHAB | Bought more | +283 | +$12.1M |
| CALY | Trimmed | -274K | -$2.8M |
| SKIL | Trimmed | -28K | -$1.3M |
| NN | Trimmed | -20K | -$328K |
| VYX | Bought more | +38K | -$232K |
| FIP | Bought more | +25K | +$140K |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NATL | June 30, 2025 | 87,500 | $2,308,250 | 63.7% |
| XRAY | Dec. 31, 2025 | 160,000 | $2,030,400 | -5.1% |
| ODP | Dec. 31, 2025 | 55,000 | $1,531,750 | No longer tracked |
| WDC | March 31, 2025 | 22,500 | $1,341,675 | 1063.7% |
| CNNE | Sept. 30, 2025 | 57,500 | $1,198,875 | -17.4% |
| CNR | Dec. 31, 2025 | 8,500 | $709,580 | 9.0% |
| FMX | March 31, 2026 | 6,584 | $665,445 | 7.5% |
| BN | Dec. 31, 2025 | 8,491 | $582,313 | -8.6% |
| BHF | Sept. 30, 2025 | 7,500 | $403,275 | 0.4% |
| DK | Sept. 30, 2025 | 17,500 | $370,650 | 104.3% |
| SPB | March 31, 2026 | 5,000 | $295,400 | 17.2% |
| FMX | March 31, 2025 | 3,255 | $278,270 | 22.4% |
| TAC | Sept. 30, 2025 | 25,000 | $269,630 | -7.3% |
| OFIX | Sept. 30, 2025 | 17,500 | $195,125 | -33.0% |
| SHC | Sept. 30, 2025 | 17,500 | $194,600 | 21.1% |
| BSLK | Sept. 30, 2025 | 31,635 | $89,210 | No longer tracked |
| VSTS | Sept. 30, 2025 | 10,000 | $57,300 | 180.3% |