SEC 13F Intelligence

Managers / Q1 2026

AREX Capital Management, LP

CIK 0001800261 · 10 EAST 53RD STREET, 11TH FLOOR, NEW YORK, NY, 10022 · 646-679-4000

Reported Value
$61M
Q1 2026
Positions
26
Filings on Record
26
2019–present window
Filed
May 15, 2026
original filing

Summary

Arex Capital Management, LP reported $61M in U.S.-listed holdings across 26 positions for Q1 2026.

The portfolio is heavily concentrated: EHABUSD alone accounts for 58.1% of reported value.

Compared with Q4 2025, the fund opened 19 new positions and exited 2.

Portfolio Metrics

Turnover
+11.8%
vs prior filed quarter
Top-10 Concentration
+92.8%
share of reported value
Largest Position
+58.1%
Enhabit
New / Exited
19 / 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 ’19: $151MQ4 ’19Q1 ’20: $85MQ2 ’20: $99MQ3 ’20: $156MQ4 ’20: $156MQ4 ’20Q1 ’21: $170MQ2 ’21: $211MQ3 ’21: $214MQ4 ’21: $223MQ4 ’21Q1 ’22: $173MQ2 ’22: $163MQ3 ’22: $151MQ4 ’22: $166MQ4 ’22Q1 ’23: $137MQ2 ’23: $135MQ3 ’23: $147MQ4 ’23: $68MQ4 ’23Q1 ’24: $89MQ2 ’24: $88MQ3 ’24: $82MQ4 ’24: $70MQ4 ’24Q1 ’25: $49MQ2 ’25: $51MQ3 ’25: $43MQ4 ’25: $35MQ4 ’25Q1 ’26: $61Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 98.9%Other: 1.1%
  • Common Stock · 98.9% · $60M
  • Other · 1.1% · $691,620

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GNWGENWORTH FINL INCNEW+515.6K515.6K+$4M$4M
XPOFXPONENTIAL FITNESS INCNEW+150.0K150.0K+$903,000$903,000
TACTRANSALTA CORPNEW+40.0K40.0K+$525,896$525,896
RIOTRIOT PLATFORMS INCNEW+42.5K42.5K+$525,300$525,300
GOOGALPHABET INCNEW+1.7K1.7K+$487,662$487,662
PERRIGO CO PLCNEW+45.0K45.0K+$483,300$483,300
K6BKBR INCNEW+12.5K12.5K+$460,750$460,750
WEXWEX INCNEW+3.0K3.0K+$459,120$459,120

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

Holdings — Q1 2026

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EHABUSDENHABIT INChistory →COM58.07%$35M2.49M
20J7QIAC INChistory →COM NEW16.54%$10M250.0K
3GNWGENWORTH FINL INChistory →COM SHS6.92%$4M515.6K
4CALYCALLAWAY GOLF COhistory →COM4.10%$2M178.7K
5VYXNCR VOYIX CORPORATIONhistory →COM1.66%$1M158.9K
6SKILSKILLSOFT CORPhistory →CL A1.51%$914,461213.2K
7XPOFXPONENTIAL FITNESS INChistory →COM CL A1.49%$903,000150.0K
8TACTRANSALTA CORPCOM0.87%$525,89640.0K
9RIOTRIOT PLATFORMS INCCOM0.87%$525,30042.5K
10GOOGALPHABET INCCAP STK CL C0.81%$487,6621.7K
11PERRIGO CO PLCSHS0.80%$483,30045.0K
12K6BKBR INCCOM0.76%$460,75012.5K
13WEXWEX INCCOM0.76%$459,1203.0K
14AAPLAPPLE INCCOM0.75%$456,8221.8K
15CNRCORE NATURAL RESOURCES INCCOM SHS0.74%$445,1034.3K
16KDKYNDRYL HLDGS INCCOMMON STOCK0.65%$393,60030.0K
17FIPFTAI INFRASTRUCTURE INCCOMMON STOCK0.61%$370,50075.0K
18APTIV PLCCOM SHS0.34%$208,3203.0K
19ARCCARES CAPITAL CORPCOM0.28%$171,1909.5K
20PSECPROSPECT CAP CORPCOM0.28%$169,65065.0K
21BXSLBLACKSTONE SECD LENDING FDCOMMON STOCK0.27%$165,8307.0K
22FFC0OAKTREE SPECIALTY LENDINGCOM0.23%$141,25012.5K
23MSDLMORGAN STANLEY DIRECT LENDINCOM SHS0.22%$132,6209.5K
24HTGCHERCULES CAPITAL INCCOM0.20%$118,1608.0K
25KK0NEXTNAV INCCOMMON STOCK0.15%$88,1105.5K
26GSBDGOLDMAN SACHS BDC INCSHS0.13%$79,0328.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$61M26May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$35M9Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$43M12Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$51M19Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$49M13May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$70M14Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$82M13Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$88M13Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$89M10May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$68M11Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$147M11Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$135M11Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$137M15May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$166M17Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$151M17Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$163M14Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$173M16May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$223M19Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$214M17Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$211M16Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$170M14May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$156M9Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$156M10Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$99M10Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$85M7May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$151M11Feb 14, 202013F-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 ↗.