SEC 13F Intelligence

Managers / Q1 2026

Ancient Art, L.P.

CIK 0001426749 · 500 WEST 5TH STREET, SUITE 1110, AUSTIN, TX, 78701 · 512.351.4440

Reported Value
$459M
Q1 2026
Positions
16
Filings on Record
30
2019–present window
Filed
May 15, 2026
original filing

Summary

Ancient Art, L.P. reported $459M in U.S.-listed holdings across 16 positions for Q1 2026.

Its largest position, IBKR, represents 18.8% of the portfolio.

Compared with Q4 2025, the fund opened 5 new positions and exited 0.

Portfolio Metrics

Turnover
+21.3%
vs prior filed quarter
Top-10 Concentration
+90.4%
share of reported value
Largest Position
+18.8%
Interactive Brokers Group In

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $498MQ4 ’18Q1 ’19: $549MQ2 ’19: $631MQ3 ’19: $603MQ4 ’19: $672MQ4 ’19Q1 ’20: $620MQ2 ’20: $545MQ3 ’20: $729MQ4 ’20: $1.0BQ4 ’20Q1 ’21: $1.0BQ2 ’21: $1.1BQ3 ’21: $947MQ4 ’21: $887MQ4 ’21Q1 ’22: $769MQ2 ’22: $650MQ3 ’22: $536MQ4 ’22: $473MQ4 ’22Q1 ’23: $459MQ2 ’23: $472MQ3 ’23: $466MQ4 ’23: $600MQ4 ’23Q1 ’24: $495MQ2 ’24: $390MQ3 ’24: $432MQ4 ’24: $470MQ4 ’24Q1 ’25: $337MQ2 ’25: $310MQ3 ’25: $416MQ4 ’25: $442MQ4 ’25Q1 ’26: $459Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.4%Other: 8.5%ADR: 4.1%
  • Common Stock · 87.4% · $401M
  • Other · 8.5% · $39M
  • ADR · 4.1% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MLB1MERCADOLIBRE INCNEW+31.9K31.9K+$55M$55M
GTLBGITLAB INCNEW+750.0K750.0K+$16M$16M
SPTSPROUT SOCIAL INCNEW+2.54M2.54M+$14M$14M
CPNGCOUPANG INCNEW+594.8K594.8K+$11M$11M
DLOCAL LTDNEW+10.1K10.1K+$130,582$130,582
VLRSCONTROLADORA VUELA COMP DE ATRIMMED−1.35M406.1K−$13M$3M
UPWKUPWORK INCADDED+1.32M5.96M−$27M$65M
IBKRINTERACTIVE BROKERS GROUP INTRIMMED−358.4K1.29M−$20M$86M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A18.80%$86M1.29M
2UPWKUPWORK INChistory →COM14.24%$65M5.96M
3ECHOECHOSTAR CORPhistory →CL A13.92%$64M545.2K
4MLB1MERCADOLIBRE INChistory →COM12.04%$55M31.9K
5ALLYALLY FINL INChistory →COM11.19%$51M1.31M
6STELLANTIS N.VSHS4.95%$23M3.20M
7TBNTAMBORAN RES CORPhistory →COM4.76%$22M437.1K
8GTLBGITLAB INChistory →CLASS A COM3.54%$16M750.0K
9BBB FOODS INCCL A COM3.48%$16M451.5K
10LOMA NEGRA C I A S A MTN 14SPONSORED ADS3.47%$16M1.44M
11SPTSPROUT SOCIAL INChistory →COM CL A3.15%$14M2.54M
12CPNGCOUPANG INChistory →CL A2.45%$11M594.8K
13ULCCFRONTIER GROUP HLDGS INChistory →COM2.40%$11M3.12M
14THRYTHRYV HLDGS INCCOM NEW0.93%$4M1.56M
15VLRSCONTROLADORA VUELA COMP DE ASPON ADR RP 100.64%$3M406.1K
16DLOCAL LTDCLASS A COM0.03%$130,58210.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$459M16May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$442M11Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$416M12Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$310M15Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$337M12May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$470M14Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$432M14Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$390M17Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$495M16May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$600M17Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$466M17Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$472M18Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$459M17May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$473M21Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$536M21Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$650M21Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$769M20May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$887M21Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$947M22Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B22Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.0B23May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.0B22Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$729M20Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$545M19Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$620M27May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$672M17Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$603M18Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$631M16Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$549M15May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$498M11Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.