Ararat Capital Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Ararat Capital Management LP reported 18 stock positions worth $289.8 million. Its top holding was Squarespace Class A (SQSP) at 9.4% of the portfolio, followed by Enfusion Class A (ENFN, 8.4%) and Byline Bancorp (BY, 7.6%). Compared with Q2 2024, it sold out of 3, added to 5 and reduced 13. The biggest buy was Camping World Class A (CWH, shares +213%) and the biggest sale Thermon (THR, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001768757
- Portfolio Value
- $289.8M (Q3 2024)
- SEC Filing
- 0001768757-24-000006 ↗ filed Nov 14, 2024
Holdings Value
Holdings 18 stocks · $289.8M
| SQSP Squarespace Inc. Class A | 9.45% | 589,628 | $27.4M | Reduce -7.6% |
| ENFN Enfusion Inc. Class A | 8.43% | 2,573,922 | $24.4M | Reduce -23.3% |
| BY Byline Bancorp Inc. | 7.64% | 827,312 | $22.1M | Reduce -32.0% |
| IAS Integral Ad Science Holding | 7.51% | 2,012,566 | $21.8M | Add +15.1% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 7.47% | 396,360 | $21.6M | Reduce -13.8% |
| GIL Gildan Activewear Inc. | 6.55% | 403,089 | $19.0M | Reduce -39.9% |
| KNX Knight-Swift Transportation | 5.85% | 313,991 | $16.9M | Add +0.9% |
| LZ Legalzoomcom Inc. | 5.62% | 2,565,804 | $16.3M | Reduce -2.7% |
| PLOW Douglas Dynamics Inc. | 5.46% | 573,931 | $15.8M | Reduce -17.7% |
| EWCZ European Wax Center Inc. Class A | 5.25% | 2,237,244 | $15.2M | Add +53.4% |
| USFD US Foods Holding Corp. | 5.24% | 247,098 | $15.2M | Reduce -36.7% |
| FROG Jfrog Ltd. | 5.13% | 512,308 | $14.9M | Reduce -4.1% |
| CWH Camping World Holdings Inc. Class A | 4.84% | 578,961 | $14.0M | Add +212.7% |
| KBR KBR Inc. | 4.48% | 199,146 | $13.0M | Reduce -23.7% |
| PAYC Paycom Software Inc. | 3.62% | 62,982 | $10.5M | Reduce -11.0% |
| NCNO Ncino Inc. | 3.59% | 329,459 | $10.4M | Add +161.7% |
| GDDY GoDaddy Inc. Class A | 3.44% | 63,529 | $10.0M | Reduce -22.9% |
| THR Thermon Group Holdings Inc. | 0.42% | 40,820 | $1.2M | Reduce -87.1% |
Portfolio Sells Q2 2024 → Q3 2024
| THR Thermon Group Holdings Inc. | Reduce -87.1% | 0.42% | −2.57 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −2.57 |
| GIL Gildan Activewear Inc. | Reduce -39.9% | 6.55% | −1.25 |
| BY Byline Bancorp Inc. | Reduce -32.0% | 7.64% | −1.22 |
| LZ Legalzoomcom Inc. | Reduce -2.7% | 5.62% | −1.17 |
| USFD US Foods Holding Corp. | Reduce -36.7% | 5.24% | −1.10 |
| FROG Jfrog Ltd. | Reduce -4.1% | 5.13% | −1.02 |
| SKIN Skinhealth Systems Inc. | Sold out | 0.00% | −0.70 |
| KBR KBR Inc. | Reduce -23.7% | 4.48% | −0.66 |
| ENFN Enfusion Inc. Class A | Reduce -23.3% | 8.43% | −0.35 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.33 |
| GDDY GoDaddy Inc. Class A | Reduce -22.9% | 3.44% | −0.09 |
| PLOW Douglas Dynamics Inc. | Reduce -17.7% | 5.46% | +0.45 |
| PAYC Paycom Software Inc. | Reduce -11.0% | 3.62% | +0.52 |
| SGI Somnigroup International Inc. | Reduce -13.8% | 7.47% | +0.79 |
| SQSP Squarespace Inc. Class A | Reduce -7.6% | 9.45% | +0.90 |
Portfolio Buys Q2 2024 → Q3 2024
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 |