AREX Capital Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), AREX Capital Management, LP reported 14 stock positions worth $70.2 million. Its top holding was Enhabit (EHAB) at 27.7% of the portfolio, followed by Cannae (CNNE, 26.6%) and Skillsoft (SKIL, 11.7%). Compared with Q3 2024, it opened 4 new positions, sold out of 3, added to 5 and reduced 5. The biggest buy was Skillsoft (SKIL, shares +75%) and the biggest sale an exit from KBR (KBR).
- Most Recent 13F
- Q1 2026
- Location
- NEW YORK, NY
- CIK
- 0001800261
- Portfolio Value
- $70.2M (Q4 2024)
- SEC Filing
- 0000919574-25-001162 ↗ filed Feb 14, 2025
Holdings Value
Holdings 14 stocks · $70.2M
| EHAB Enhabit Inc. | 27.71% | 2,490,795 | $19.5M | Add +2.0% |
| CNNE Cannae Holdings Inc. | 26.60% | 940,290 | $18.7M | Reduce -22.8% |
| SKIL Skillsoft Corp. | 11.66% | 341,721 | $8.2M | Add +75.1% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 6.70% | 598,800 | $4.7M | Reduce -42.3% |
| VYX NCR Voyix Corp. | 6.59% | 334,436 | $4.6M | Reduce -15.4% |
| ODP The Odp Corp. filed as THE ODP CORP | 5.30% | 163,500 | $3.7M | Add +9.9% |
| NATL NCR Atleos Corp. | 4.11% | 85,000 | $2.9M | Reduce -35.9% |
| OFIX Orthofix Medical Inc. | 2.49% | 100,000 | $1.7M | Reduce -42.7% |
| XRAY Dentsply Sirona Inc. | 2.43% | 90,000 | $1.7M | New |
| WDC Western Digital Corp. | 1.91% | 22,500 | $1.3M | New |
| BN Brookfield Corp. | 1.86% | 22,765 | $1.3M | Add +156.9% |
| PPLI People Inc. filed as IAC INC | 1.69% | 27,500 | $1.2M | Add +454.4% |
| BOLT PROJS HLDGS INC | 0.54% | 780,771 | $376K | New |
| FMX Fomento Economico Mex-SP ADR | 0.40% | 3,255 | $278K | New |
Portfolio Sells Q3 2024 → Q4 2024
| KBR KBR Inc. | Sold out | 0.00% | −7.92 |
| CALY Callaway Golf Company | Reduce -42.3% | 6.70% | −7.14 |
| MITK Mitek Systems Inc. | Sold out | 0.00% | −1.84 |
| CNNE Cannae Holdings Inc. | Reduce -22.8% | 26.60% | −1.62 |
| OFIX Orthofix Medical Inc. | Reduce -42.7% | 2.49% | −0.83 |
| NATL NCR Atleos Corp. | Reduce -35.9% | 4.11% | −0.49 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −0.34 |
| VYX NCR Voyix Corp. | Reduce -15.4% | 6.59% | +0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| SKIL Skillsoft Corp. | Add +75.1% | 11.66% | +7.99 |
| EHAB Enhabit Inc. | Add +2.0% | 27.71% | +4.27 |
| XRAY Dentsply Sirona Inc. | New | 2.43% | +2.43 |
| WDC Western Digital Corp. | New | 1.91% | +1.91 |
| PPLI People Inc. | Add +454.4% | 1.69% | +1.37 |
| BN Brookfield Corp. | Add +156.9% | 1.86% | +1.29 |
| BOLT PROJS HLDGS INC | New | 0.54% | +0.54 |
| FMX Fomento Economico Mex-SP ADR | New | 0.40% | +0.40 |
| ODP The Odp Corp. | Add +9.9% | 5.30% | −0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 26 | $60.5M | EHAB, PPLI, GNW, CALY, VYX |
| Q4 2025 | 9 | $35.2M | EHAB, CALY, SKIL, PPLI, VYX |
| Q3 2025 | 12 | $43.4M | EHAB, SKIL, CALY, VYX, PPLI |
| Q2 2025 | 19 | $51.3M | EHAB, SKIL, CALY, VYX, PPLI |
| Q1 2025 | 13 | $49.2M | EHAB, SKIL, CALY, VYX, PPLI |
| Q4 2024 | 14 | $70.2M | EHAB, CNNE, SKIL, CALY, VYX |
| Q3 2024 | 13 | $82.3M | CNNE, EHAB, CALY, KBR, VYX |
| Q2 2024 | 13 | $87.5M | CNNE, EHAB, ODP, CALY, KBR |
| Q1 2024 | 10 | $89.3M | EHAB, CNNE, ODP, NATL, KBR |