SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Ancient Art, L.P.

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

Reported Value
$390M
Q2 2024
Positions
17
Filings on Record
30
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Ancient Art, L.P. reported $390M in U.S.-listed holdings across 17 positions for Q2 2024.

The portfolio is heavily concentrated: UPWK alone accounts for 20.2% of reported value.

Compared with Q1 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+9.8%
vs prior filed quarter
Top-10 Concentration
+92.0%
share of reported value
Largest Position
+20.2%
Upwork
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: 71.3%Other: 21.7%ADR: 7.0%
  • Common Stock · 71.3% · $278M
  • Other · 21.7% · $85M
  • ADR · 7.0% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LOMA NEGRA C I A S A MTN 14NEW+1.32M1.32M+$9M$9M
TECNOGLASS INCNEW+150.0K150.0K+$8M$8M
GGALGRUPO FINANCIERO GALICIA S.ANEW+50.0K50.0K+$2M$2M
FCNCAFIRST CTZNS BANCSHARES INC NSOLD OUT−18.0K0−$29M$0
METAMETA PLATFORMS INCSOLD OUT−14.6K0−$7M$0
XPOFXPONENTIAL FITNESS INCADDED+96.0K203.1K+$1M$3M
EXPEEXPEDIA GROUP INCTRIMMED−72.9K8.7K−$10M$1M
628SEMRUSH HLDGS INCTRIMMED−1.70M493.6K−$22M$7M

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

Holdings — Q2 2024

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UPWKUPWORK INChistory →COM20.21%$79M7.34M
2IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A16.49%$64M525.2K
3STELLANTIS N.VSHS13.17%$51M2.59M
4ALLYALLY FINL INChistory →COM10.38%$41M1.02M
5ULCCFRONTIER GROUP HLDGS INChistory →COM9.51%$37M7.53M
6DESPEGAR COM CORPORD SHS6.62%$26M1.95M
78LP1VITAL ENERGY INChistory →COM4.63%$18M403.7K
8OSCROSCAR HEALTH INChistory →CL A4.35%$17M1.07M
9BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS3.63%$14M196.6K
10AMZNAMAZON COM INChistory →COM2.97%$12M60.0K
11LOMA NEGRA C I A S A MTN 14SPONSORED ADS2.28%$9M1.32M
12TECNOGLASS INCORD SHS1.93%$8M150.0K
13628SEMRUSH HLDGS INChistory →CL A COM1.69%$7M493.6K
14XPOFXPONENTIAL FITNESS INCCOM CL A0.81%$3M203.1K
15VLRSCONTROLADORA VUELA COMP DE ASPON ADR RP 100.65%$3M399.2K
16GGALGRUPO FINANCIERO GALICIA S.ASPONSORED ADR0.39%$2M50.0K
17EXPEEXPEDIA GROUP INCCOM NEW0.28%$1M8.7K

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 ↗.