Ancient Art, L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ancient Art, L.P. reported 16 stock positions worth $458.6 million. Its top holding was Interactive Brokers Gro Class A (IBKR) at 18.8% of the portfolio, followed by Upwork (UPWK, 14.2%) and Echostar Class A (ECHO, 13.9%). Compared with Q4 2025, it opened 5 new positions, added to 2 and reduced 5. The biggest buy was a new position in MercadoLibre (MELI) and the biggest sale Interactive Brokers Gro Class A (IBKR, shares −22%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001426749
Portfolio Value
$458.6M (Q1 2026)
SEC Filing
0001426749-26-000002 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $494.9M Q1 2024 Q2 2024: $390.4M Q2 2024 Q3 2024: $431.9M Q3 2024 Q4 2024: $470.0M Q4 2024 Q1 2025: $337.1M Q1 2025 Q2 2025: $309.6M Q2 2025 Q3 2025: $416.1M Q3 2025 Q4 2025: $442.1M Q4 2025 Q1 2026: $458.6M $458.6M Q1 2026 Q2 2026: $489.4M Q2 2026

Holdings 16 stocks · $458.6M
IBKR Interactive Brokers Gro Class A 18.80% 1,285,193 $86.2M Reduce -21.8%
UPWK Upwork Inc. 14.24% 5,959,909 $65.3M Add +28.4%
ECHO Echostar Corp. Class A 13.92% 545,189 $63.8M Reduce -3.7%
MELI MercadoLibre Inc. 12.04% 31,935 $55.2M New
ALLY Ally Financial Inc. 11.19% 1,308,399 $51.3M No change
STLA Stellantis NV 4.95% 3,199,412 $22.7M Reduce -8.6%
TBN Tamboran Resources Corp. 4.76% 437,142 $21.9M No change
GTLB Gitlab Inc. Class A 3.54% 750,000 $16.2M New
TBBB BBB Foods Inc. Class A 3.48% 451,497 $16.0M Add +15.3%
LOMA Loma Negra Cia Ind-Spon ADR 3.47% 1,435,809 $15.9M No change
SPT Sprout Social Inc. Class A 3.15% 2,537,074 $14.5M New
CPNG Coupang Inc. 2.45% 594,799 $11.2M New
ULCC Frontier Group Holdings Inc. 2.40% 3,122,704 $11.0M Reduce -12.9%
THRY Thryv Holdings Inc. 0.93% 1,560,908 $4.3M No change
VLRS Controladora Vuela Cia-ADR 0.64% 406,139 $2.9M Reduce -76.8%
DLO Dlocal Ltd. 0.03% 10,068 $131K New

Portfolio Sells Q4 2025 → Q1 2026
IBKR Interactive Brokers Gro Class A Reduce -21.8% 18.80% −5.11
STLA Stellantis NV Reduce -8.6% 4.95% −3.67
VLRS Controladora Vuela Cia-ADR Reduce -76.8% 0.64% −2.88
ULCC Frontier Group Holdings Inc. Reduce -12.9% 2.40% −1.41
ECHO Echostar Corp. Class A Reduce -3.7% 13.92% −0.01

Portfolio Buys Q4 2025 → Q1 2026
MELI MercadoLibre Inc. New 12.04% +12.04
GTLB Gitlab Inc. Class A New 3.54% +3.54
SPT Sprout Social Inc. Class A New 3.15% +3.15
CPNG Coupang Inc. New 2.45% +2.45
TBBB BBB Foods Inc. Class A Add +15.3% 3.48% +0.52
DLO Dlocal Ltd. New 0.03% +0.03
UPWK Upwork Inc. Add +28.4% 14.24% −6.56

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$489.4MIBKR, Z, UPWK, ALLY, CPNG
Q1 2026 16$458.6MIBKR, UPWK, ECHO, MELI, ALLY
Q4 2025 11$442.1MIBKR, UPWK, ECHO, ALLY, STLA
Q3 2025 12$416.1MIBKR, UPWK, ALLY, ECHO, STLA
Q2 2025 15$309.6MIBKR, ALLY, UPWK, STLA, ECHO
Q1 2025 12$337.1MIBKR, UPWK, OSCR, BABA, STLA
Q4 2024 14$470.0MUPWK, IBKR, ALLY, STLA, OSCR
Q3 2024 14$431.9MALLY, UPWK, IBKR, STLA, ULCC
Q2 2024 17$390.4MUPWK, IBKR, STLA, ALLY, ULCC
Q1 2024 16$494.9MSTLA, UPWK, IBKR, ULCC, ALLY