Managers / Q4 2020 · view latest →
AREX Capital Management, LP
CIK 0001800261 · 10 EAST 53RD STREET, 11TH FLOOR, NEW YORK, NY, 10022 · 646-679-4000
Summary
Arex Capital Management, LP reported $156M in U.S.-listed holdings across 9 positions for Q4 2020.
The portfolio is heavily concentrated: Liberty Media alone accounts for 34.8% of reported value.
Compared with Q3 2020, the fund opened 2 new positions and exited 3.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 99.7% · $156M
- PUBLIC · 0.3% · $396,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CHURCHILL CAP CORP II | NEW | +934.0K | 934.0K | +$10M | $10M |
| QURATE RETAIL INC | NEW | +4.0K | 4.0K | +$396,000 | $396,000 |
| LIBERTY MEDIA CORP DEL | ADDED | +1.12M | 1.25M | +$50M | $54M |
| IAC INTERACTIVECORP NEW | SOLD OUT | −504.2K | 0 | −$60M | $0 |
| ZAGG INC | SOLD OUT | −2.28M | 0 | −$6M | $0 |
| XPOXPO LOGISTICS INC | SOLD OUT | −21.0K | 0 | −$2M | $0 |
| CSVCARRIAGE SVCS INC | TRIMMED | −126.0K | 121.5K | −$2M | $4M |
| SPBSPECTRUM BRANDS HLDGS INC NE | TRIMMED | −122.6K | 472.0K | +$3M | $37M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 34.84% | $54M | 1.25M |
| 2 | SPBSPECTRUM BRANDS HLDGS INC NEhistory → | COM | 23.86% | $37M | 472.0K |
| 3 | FIESTA RESTAURANT GROUP INC | COM | 18.28% | $29M | 2.51M |
| 4 | CHURCHILL CAP CORP II | CL A | 6.19% | $10M | 934.0K |
| 5 | BCOBRINKS COhistory → | COM | 5.76% | $9M | 125.0K |
| 6 | APGAPI GROUP CORPhistory → | COM STK | 4.94% | $8M | 425.0K |
| 7 | SCIPLAY CORPORATION | CL A | 3.46% | $5M | 390.0K |
| 8 | CSVCARRIAGE SVCS INChistory → | COM | 2.44% | $4M | 121.5K |
| 9 | QURATE RETAIL INC | COM SER A | 0.25% | $396,000 | 4.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $61M | 26 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $35M | 9 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $43M | 12 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $51M | 19 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $49M | 13 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $70M | 14 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $82M | 13 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $88M | 13 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $89M | 10 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $68M | 11 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $147M | 11 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $135M | 11 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $137M | 15 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $166M | 17 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $151M | 17 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $163M | 14 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $173M | 16 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $223M | 19 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $214M | 17 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $211M | 16 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $170M | 14 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $156M | 9 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $156M | 10 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $99M | 10 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $85M | 7 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $151M | 11 | Feb 14, 2020 | 13F-HR | changes · 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 ↗.