AREX Capital Management, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), AREX Capital Management, LP reported 13 stock positions worth $49.2 million. Its top holding was Enhabit (EHAB) at 44.2% of the portfolio, followed by Skillsoft (SKIL, 15.6%) and Callaway Golf (CALY, 9.4%). Compared with Q4 2024, it opened 1 new position, sold out of 2, added to 5 and reduced 7. The biggest buy was Skillsoft (SKIL, shares +17%) and the biggest sale Cannae (CNNE, shares −94%).
- Most Recent 13F
- Q1 2026
- Location
- NEW YORK, NY
- CIK
- 0001800261
- Portfolio Value
- $49.2M (Q1 2025)
- SEC Filing
- 0000919574-25-003057 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $49.2M
| EHAB Enhabit Inc. | 44.24% | 2,477,520 | $21.8M | Reduce -0.5% |
| SKIL Skillsoft Corp. | 15.59% | 398,960 | $7.7M | Add +16.8% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 9.36% | 698,800 | $4.6M | Add +16.7% |
| VYX NCR Voyix Corp. | 6.05% | 305,400 | $3.0M | Reduce -8.7% |
| PPLI People Inc. filed as IAC INC | 5.18% | 55,500 | $2.5M | Add +101.8% |
| NATL NCR Atleos Corp. | 4.69% | 87,500 | $2.3M | Add +2.9% |
| ODP The Odp Corp. filed as THE ODP CORP | 4.59% | 157,500 | $2.3M | Reduce -3.7% |
| XRAY Dentsply Sirona Inc. | 3.26% | 107,500 | $1.6M | Add +19.4% |
| OFIX Orthofix Medical Inc. | 2.68% | 81,000 | $1.3M | Reduce -19.0% |
| CNNE Cannae Holdings Inc. | 1.96% | 52,500 | $962K | Reduce -94.4% |
| BN Brookfield Corp. | 1.45% | 13,659 | $716K | Reduce -40.0% |
| BOLT PROJS HLDGS INC | 0.49% | 35,805 | $241K | Reduce -95.4% |
| DK Delek US Holdings Inc. | 0.46% | 15,000 | $226K | New |
Portfolio Sells Q4 2024 → Q1 2025
| CNNE Cannae Holdings Inc. | Reduce -94.4% | 1.96% | −24.65 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.91 |
| ODP The Odp Corp. | Reduce -3.7% | 4.59% | −0.71 |
| VYX NCR Voyix Corp. | Reduce -8.7% | 6.05% | −0.54 |
| BN Brookfield Corp. | Reduce -40.0% | 1.45% | −0.41 |
| FMX Fomento Economico Mex-SP ADR | Sold out | 0.00% | −0.40 |
| BOLT PROJS HLDGS INC | Reduce -95.4% | 0.49% | −0.05 |
| OFIX Orthofix Medical Inc. | Reduce -19.0% | 2.68% | +0.20 |
| EHAB Enhabit Inc. | Reduce -0.5% | 44.24% | +16.53 |
Portfolio Buys Q4 2024 → Q1 2025
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 |