Ararat Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Ararat Capital Management LP reported 23 stock positions worth $352.1 million. Its top holding was Byline Bancorp (BY) at 9.6% of the portfolio, followed by Legalzoomcom (LZ, 9.5%) and Enfusion Class A (ENFN, 8.0%). Compared with Q4 2023, it opened 8 new positions, sold out of 4, added to 5 and reduced 10. The biggest buy was a new position in Gildan Activewear (GIL) and the biggest sale an exit from Rover (ROVR).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001768757
- Portfolio Value
- $352.1M (Q1 2024)
- SEC Filing
- 0001768757-24-000003 ↗ filed May 15, 2024
Holdings Value
Holdings 23 stocks · $352.1M
| BY Byline Bancorp Inc. | 9.57% | 1,551,808 | $33.7M | Add +23.7% |
| LZ Legalzoomcom Inc. | 9.55% | 2,520,285 | $33.6M | Reduce -0.8% |
| ENFN Enfusion Inc. Class A | 8.03% | 3,056,198 | $28.3M | Add +18.3% |
| SQSP Squarespace Inc. Class A | 7.95% | 768,625 | $28.0M | Reduce -9.5% |
| GIL Gildan Activewear Inc. | 7.58% | 718,725 | $26.7M | New |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 7.08% | 438,718 | $24.9M | Add +2.5% |
| USFD US Foods Holding Corp. | 6.55% | 427,396 | $23.1M | Reduce -12.0% |
| EWCZ European Wax Center Inc. Class A | 5.52% | 1,497,511 | $19.4M | Add +166.4% |
| KBR KBR Inc. | 4.82% | 266,492 | $17.0M | New |
| PAYC Paycom Software Inc. | 3.80% | 67,298 | $13.4M | Add +30.7% |
| WSC Willscot Holdings Corp. | 3.20% | 242,696 | $11.3M | New |
| PI Impinj Inc. | 3.19% | 87,572 | $11.2M | Reduce -58.5% |
| THR Thermon Group Holdings Inc. | 3.18% | 341,718 | $11.2M | New |
| FROG Jfrog Ltd. | 3.13% | 249,309 | $11.0M | Reduce -56.1% |
| KNX Knight-Swift Transportation | 2.88% | 184,639 | $10.2M | Reduce -15.7% |
| GDDY GoDaddy Inc. Class A | 2.77% | 82,171 | $9.8M | Reduce -32.9% |
| PLOW Douglas Dynamics Inc. | 2.61% | 381,133 | $9.2M | New |
| XOM Exxon Mobil Corp. | 2.48% | 75,061 | $8.7M | Reduce -1.6% |
| TGLS Tecnoglass Holdings Inc. | 2.12% | 143,317 | $7.5M | New |
| SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY | 1.40% | 1,111,406 | $4.9M | Reduce -36.2% |
| CWH Camping World Holdings Inc. Class A | 1.16% | 146,698 | $4.1M | New |
| NCNO Ncino Inc. | 0.82% | 76,820 | $2.9M | New |
| MAX Mediaalpha Inc. Class A | 0.61% | 105,373 | $2.1M | Reduce -90.8% |
Portfolio Sells Q4 2023 → Q1 2024
| ROVR Rover Group Inc. | Sold out | 0.00% | −8.33 |
| CMP Compass Minerals Internation | Sold out | 0.00% | −6.99 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −4.47 |
| VZIO Vizio Holding Corp. Class A | Sold out | 0.00% | −3.85 |
| MAX Mediaalpha Inc. Class A | Reduce -90.8% | 0.61% | −3.10 |
| FROG Jfrog Ltd. | Reduce -56.1% | 3.13% | −2.57 |
| PI Impinj Inc. | Reduce -58.5% | 3.19% | −2.31 |
| GDDY GoDaddy Inc. Class A | Reduce -32.9% | 2.77% | −1.00 |
| KNX Knight-Swift Transportation | Reduce -15.7% | 2.88% | −0.77 |
| SQSP Squarespace Inc. Class A | Reduce -9.5% | 7.95% | −0.17 |
| SKIN Skinhealth Systems Inc. | Reduce -36.2% | 1.40% | −0.17 |
| USFD US Foods Holding Corp. | Reduce -12.0% | 6.55% | +0.16 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 2.48% | +0.27 |
| LZ Legalzoomcom Inc. | Reduce -0.8% | 9.55% | +1.23 |
Portfolio Buys Q4 2023 → Q1 2024
| GIL Gildan Activewear Inc. | New | 7.58% | +7.58 |
| KBR KBR Inc. | New | 4.82% | +4.82 |
| EWCZ European Wax Center Inc. Class A | Add +166.4% | 5.52% | +3.31 |
| WSC Willscot Holdings Corp. | New | 3.20% | +3.20 |
| THR Thermon Group Holdings Inc. | New | 3.18% | +3.18 |
| PLOW Douglas Dynamics Inc. | New | 2.61% | +2.61 |
| TGLS Tecnoglass Holdings Inc. | New | 2.12% | +2.12 |
| CWH Camping World Holdings Inc. Class A | New | 1.16% | +1.16 |
| BY Byline Bancorp Inc. | Add +23.7% | 9.57% | +1.01 |
| NCNO Ncino Inc. | New | 0.82% | +0.82 |
| ENFN Enfusion Inc. Class A | Add +18.3% | 8.03% | +0.77 |
| SGI Somnigroup International Inc. | Add +2.5% | 7.08% | +0.76 |
| PAYC Paycom Software Inc. | Add +30.7% | 3.80% | +0.72 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $213.5M | FLYW, RELY, BY, GLBE, ITGR |
| Q1 2026 | 15 | $177.6M | BY, EWCZ, FLYW, RELY, EYE |
| Q4 2025 | 18 | $203.0M | CFLT, BY, DRVN, LZ, PLOW |
| Q3 2025 | 20 | $186.5M | BY, LZ, DRVN, PLOW, GIL |
| Q2 2025 | 18 | $220.3M | BY, DRVN, LZ, IAS, GIL |
| Q1 2025 | 16 | $204.4M | BY, GIL, PLOW, FROG, CWH |
| Q4 2024 | 16 | $250.5M | LZ, ENFN, IAS, BY, PLOW |
| Q3 2024 | 18 | $289.8M | SQSP, ENFN, BY, IAS, SGI |
| Q2 2024 | 21 | $325.9M | BY, ENFN, SQSP, GIL, LZ |
| Q1 2024 | 23 | $352.1M | BY, LZ, ENFN, SQSP, GIL |