Ararat Capital Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Ararat Capital Management LP reported 21 stock positions worth $325.9 million. Its top holding was Byline Bancorp (BY) at 8.9% of the portfolio, followed by Enfusion Class A (ENFN, 8.8%) and Squarespace Class A (SQSP, 8.5%). Compared with Q1 2024, it opened 2 new positions, sold out of 4, added to 11 and reduced 8. The biggest buy was a new position in Integral Ad Science (IAS) and the biggest sale an exit from Willscot (WSC).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001768757
- Portfolio Value
- $325.9M (Q2 2024)
- SEC Filing
- 0001768757-24-000004 ↗ filed Aug 14, 2024
Holdings Value
Holdings 21 stocks · $325.9M
| BY Byline Bancorp Inc. | 8.86% | 1,215,900 | $28.9M | Reduce -21.6% |
| ENFN Enfusion Inc. Class A | 8.78% | 3,356,733 | $28.6M | Add +9.8% |
| SQSP Squarespace Inc. Class A | 8.55% | 638,278 | $27.8M | Reduce -17.0% |
| GIL Gildan Activewear Inc. | 7.81% | 670,985 | $25.4M | Reduce -6.6% |
| LZ Legalzoomcom Inc. | 6.79% | 2,637,204 | $22.1M | Add +4.6% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 6.68% | 459,920 | $21.8M | Add +4.8% |
| USFD US Foods Holding Corp. | 6.35% | 390,517 | $20.7M | Reduce -8.6% |
| FROG Jfrog Ltd. | 6.16% | 534,443 | $20.1M | Add +114.4% |
| IAS Integral Ad Science Holding | 5.21% | 1,748,084 | $17.0M | New |
| KBR KBR Inc. | 5.14% | 260,935 | $16.7M | Reduce -2.1% |
| PLOW Douglas Dynamics Inc. | 5.01% | 697,558 | $16.3M | Add +83.0% |
| KNX Knight-Swift Transportation | 4.77% | 311,110 | $15.5M | Add +68.5% |
| EWCZ European Wax Center Inc. Class A | 4.44% | 1,458,467 | $14.5M | Reduce -2.6% |
| GDDY GoDaddy Inc. Class A | 3.53% | 82,387 | $11.5M | Add +0.3% |
| PAYC Paycom Software Inc. | 3.11% | 70,748 | $10.1M | Add +5.1% |
| THR Thermon Group Holdings Inc. | 2.99% | 317,060 | $9.8M | Reduce -7.2% |
| XOM Exxon Mobil Corp. | 2.57% | 72,710 | $8.4M | Reduce -3.1% |
| NCNO Ncino Inc. | 1.21% | 125,872 | $4.0M | Add +63.9% |
| CWH Camping World Holdings Inc. Class A | 1.01% | 185,178 | $3.3M | Add +26.2% |
| SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY | 0.70% | 1,193,471 | $2.3M | Add +7.4% |
| LOAR Loar Holdings Inc. | 0.33% | 20,000 | $1.1M | New |
Portfolio Sells Q1 2024 → Q2 2024
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −3.20 |
| PI Impinj Inc. | Sold out | 0.00% | −3.19 |
| TGLS Tecnoglass Holdings Inc. | Sold out | 0.00% | −2.12 |
| EWCZ European Wax Center Inc. Class A | Reduce -2.6% | 4.44% | −1.08 |
| BY Byline Bancorp Inc. | Reduce -21.6% | 8.86% | −0.71 |
| MAX Mediaalpha Inc. Class A | Sold out | 0.00% | −0.61 |
| USFD US Foods Holding Corp. | Reduce -8.6% | 6.35% | −0.20 |
| THR Thermon Group Holdings Inc. | Reduce -7.2% | 2.99% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 2.57% | +0.09 |
| GIL Gildan Activewear Inc. | Reduce -6.6% | 7.81% | +0.23 |
| KBR KBR Inc. | Reduce -2.1% | 5.14% | +0.32 |
| SQSP Squarespace Inc. Class A | Reduce -17.0% | 8.55% | +0.59 |
Portfolio Buys Q1 2024 → Q2 2024
| IAS Integral Ad Science Holding | New | 5.21% | +5.21 |
| FROG Jfrog Ltd. | Add +114.4% | 6.16% | +3.03 |
| PLOW Douglas Dynamics Inc. | Add +83.0% | 5.01% | +2.40 |
| KNX Knight-Swift Transportation | Add +68.5% | 4.77% | +1.88 |
| GDDY GoDaddy Inc. Class A | Add +0.3% | 3.53% | +0.76 |
| ENFN Enfusion Inc. Class A | Add +9.8% | 8.78% | +0.75 |
| NCNO Ncino Inc. | Add +63.9% | 1.21% | +0.40 |
| LOAR Loar Holdings Inc. | New | 0.33% | +0.33 |
| CWH Camping World Holdings Inc. Class A | Add +26.2% | 1.01% | −0.15 |
| SGI Somnigroup International Inc. | Add +4.8% | 6.68% | −0.40 |
| PAYC Paycom Software Inc. | Add +5.1% | 3.11% | −0.70 |
| SKIN Skinhealth Systems Inc. | Add +7.4% | 0.70% | −0.70 |
| LZ Legalzoomcom Inc. | Add +4.6% | 6.79% | −2.76 |
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 |