SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Ancient Art, L.P.

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

Reported Value
$472M
Q2 2023
Positions
18
Filings on Record
30
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Ancient Art, L.P. reported $472M in U.S.-listed holdings across 18 positions for Q2 2023.

Its largest position, FCNCA, represents 13.7% of the portfolio.

Compared with Q1 2023, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+12.4%
vs prior filed quarter
Top-10 Concentration
+90.3%
share of reported value
Largest Position
+13.7%
First Ctzns Bancshares Inc N
New / Exited
3 / 2
positions this quarter

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: 80.1%Other: 18.5%Tracking Stk: 0.7%ADR: 0.6%
  • Common Stock · 80.1% · $378M
  • Other · 18.5% · $88M
  • Tracking Stk · 0.7% · $3M
  • ADR · 0.6% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WEWORK INCNEW+35.15M35.15M+$9M$9M
BABAALIBABA GROUP HLDG LTDNEW+35.0K35.0K+$3M$3M
S9QSPIRIT AEROSYSTEMS HLDGS INCNEW+61.8K61.8K+$2M$2M
UBERUBER TECHNOLOGIES INCSOLD OUT−840.4K0−$27M$0
ARCONIC CORPORATIONSOLD OUT−381.0K0−$10M$0
UPWKUPWORK INCADDED+2.78M5.86M+$20M$55M
METAMETA PLATFORMS INCTRIMMED−77.5K115.1K−$8M$33M
AMZNAMAZON COM INCTRIMMED−130.0K245.0K−$7M$32M

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

Holdings — Q2 2023

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FCNCAFIRST CTZNS BANCSHARES INC Nhistory →CL A13.73%$65M50.5K
2UPWKUPWORK INChistory →COM11.60%$55M5.86M
3STELLANTIS N.VSHS11.09%$52M2.98M
4ULCCFRONTIER GROUP HLDGS INChistory →COM10.71%$51M5.23M
5IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A10.18%$48M578.4K
6628SEMRUSH HLDGS INChistory →CL A COM7.41%$35M3.66M
7METAMETA PLATFORMS INChistory →CL A7.00%$33M115.1K
8AMZNAMAZON COM INChistory →COM6.77%$32M245.0K
9SAVEEURSPIRIT AIRLS INChistory →COM6.27%$30M1.73M
10DESPEGAR COM CORPORD SHS5.55%$26M3.71M
118LP1VITAL ENERGY INChistory →COM3.03%$14M316.7K
12OSCROSCAR HEALTH INChistory →CL A2.49%$12M1.46M
13WEWORK INCCL A · *W EXP 10/20/2021.91%$9M37.32M
14LM05LIBERTY MEDIA CORP DELCOM SER A FRMLA0.70%$3M49.1K
15BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.62%$3M35.0K
16UHAL/BU HAUL HOLDING COMPANYCOM SER N0.55%$3M51.2K
17S9QSPIRIT AEROSYSTEMS HLDGS INCCOM CL A0.38%$2M61.8K

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 ↗.