Ancient Art, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ancient Art, L.P. reported 12 stock positions worth $337.1 million. Its top holding was Interactive Brokers Gro Class A (IBKR) at 20.2% of the portfolio, followed by Upwork (UPWK, 14.6%) and Oscar Health Class A (OSCR, 11.5%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 1 and reduced 5. The biggest buy was a new position in Vital Energy (VTLE) and the biggest sale an exit from Despegar.com (DESP).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001426749
- Portfolio Value
- $337.1M (Q1 2025)
- SEC Filing
- 0001085146-25-003297 ↗ filed May 15, 2025
Holdings Value
Holdings 12 stocks · $337.1M
| IBKR Interactive Brokers Gro Class A | 20.18% | 410,909 | $68.0M | Reduce -7.8% |
| UPWK Upwork Inc. | 14.64% | 3,782,135 | $49.4M | Reduce -23.1% |
| OSCR Oscar Health Inc. Class A | 11.48% | 2,950,753 | $38.7M | No change |
| BABA Alibaba Group Holding-SP ADR | 11.24% | 286,629 | $37.9M | No change |
| STLA Stellantis NV | 11.14% | 3,349,412 | $37.5M | No change |
| ALLY Ally Financial Inc. | 10.91% | 1,008,399 | $36.8M | Reduce -51.0% |
| ULCC Frontier Group Holdings Inc. | 5.83% | 4,530,833 | $19.7M | Reduce -16.4% |
| LOMA Loma Negra Cia Ind-Spon ADR | 4.68% | 1,435,809 | $15.8M | Reduce -4.5% |
| TBN Tamboran Resources Corp. | 3.11% | 437,142 | $10.5M | No change |
| VLRS Controladora Vuela Cia-ADR | 2.81% | 1,816,225 | $9.5M | Add +22.2% |
| VTLE Vital Energy Inc. | 2.11% | 335,000 | $7.1M | New |
| IBIT iShares Bitcoin Trust ETF | 1.86% | 134,000 | $6.3M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| DESP Despegar.com Corp. | Sold out | 0.00% | −6.75 |
| ALLY Ally Financial Inc. | Reduce -51.0% | 10.91% | −4.87 |
| UPWK Upwork Inc. | Reduce -23.1% | 14.64% | −2.48 |
| ULCC Frontier Group Holdings Inc. | Reduce -16.4% | 5.83% | −2.36 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −2.18 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −0.66 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -4.5% | 4.68% | +0.86 |
| IBKR Interactive Brokers Gro Class A | Reduce -7.8% | 20.18% | +3.42 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $489.4M | IBKR, Z, UPWK, ALLY, CPNG |
| Q1 2026 | 16 | $458.6M | IBKR, UPWK, ECHO, MELI, ALLY |
| Q4 2025 | 11 | $442.1M | IBKR, UPWK, ECHO, ALLY, STLA |
| Q3 2025 | 12 | $416.1M | IBKR, UPWK, ALLY, ECHO, STLA |
| Q2 2025 | 15 | $309.6M | IBKR, ALLY, UPWK, STLA, ECHO |
| Q1 2025 | 12 | $337.1M | IBKR, UPWK, OSCR, BABA, STLA |
| Q4 2024 | 14 | $470.0M | UPWK, IBKR, ALLY, STLA, OSCR |
| Q3 2024 | 14 | $431.9M | ALLY, UPWK, IBKR, STLA, ULCC |
| Q2 2024 | 17 | $390.4M | UPWK, IBKR, STLA, ALLY, ULCC |
| Q1 2024 | 16 | $494.9M | STLA, UPWK, IBKR, ULCC, ALLY |