Ancient Art, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ancient Art, L.P. reported 12 stock positions worth $416.1 million. Its top holding was Interactive Brokers Gro Class A (IBKR) at 27.2% of the portfolio, followed by Upwork (UPWK, 19.1%) and Ally Financial (ALLY, 12.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 5, added to 2 and reduced 1. The biggest buy was a new position in Inmode (INMD) and the biggest sale an exit from Vital Energy (VTLE).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001426749
- Portfolio Value
- $416.1M (Q3 2025)
- SEC Filing
- 0001426749-25-000006 ↗ filed Nov 14, 2025
Holdings Value
Holdings 12 stocks · $416.1M
| IBKR Interactive Brokers Gro Class A | 27.18% | 1,643,636 | $113.1M | No change |
| UPWK Upwork Inc. | 19.05% | 4,268,667 | $79.3M | Add +13.1% |
| ALLY Ally Financial Inc. | 12.33% | 1,308,399 | $51.3M | No change |
| ECHO Echostar Corp. Class A | 12.23% | 666,389 | $50.9M | No change |
| STLA Stellantis NV | 7.74% | 3,449,412 | $32.2M | No change |
| ULCC Frontier Group Holdings Inc. | 4.55% | 4,283,803 | $18.9M | Reduce -9.4% |
| THRY Thryv Holdings Inc. | 3.80% | 1,309,459 | $15.8M | Add +468.2% |
| INMD Inmode Ltd. | 3.43% | 956,630 | $14.3M | New |
| VLRS Controladora Vuela Cia-ADR | 3.38% | 1,960,574 | $14.1M | No change |
| TBN Tamboran Resources Corp. | 2.88% | 437,142 | $12.0M | No change |
| LOMA Loma Negra Cia Ind-Spon ADR | 2.54% | 1,435,809 | $10.6M | No change |
| TBBB BBB Foods Inc. Class A | 0.90% | 138,317 | $3.7M | New |
Portfolio Sells Q2 2025 → Q3 2025
| VTLE Vital Energy Inc. | Sold out | 0.00% | −1.74 |
| ULCC Frontier Group Holdings Inc. | Reduce -9.4% | 4.55% | −1.00 |
| RKT Rocket Cos Inc. Class A | Sold out | 0.00% | −0.55 |
| ETWO E2OPEN Parent Holdings Inc. | Sold out | 0.00% | −0.43 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.31 |
| FLYYQ Spirit Aviation Holdings Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2025 → Q3 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 |