Managers / Q1 2021 · 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 $170M in U.S.-listed holdings across 14 positions for Q1 2021.
The portfolio is heavily concentrated: Liberty Media alone accounts for 26.1% of reported value.
Compared with Q4 2020, the fund opened 7 new positions and exited 2.
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. 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 · 73.9% · $126M
- Tracking Stk · 26.1% · $44M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| POSTPOST HLDGS INC | NEW | +173.8K | 173.8K | +$18M | $18M |
| GRA1EURGRACE W R & CO DEL NEW | NEW | +85.0K | 85.0K | +$5M | $5M |
| LBEURL BRANDS INC | NEW | +45.0K | 45.0K | +$3M | $3M |
| NWSNEWS CORP NEW | NEW | +105.0K | 105.0K | +$2M | $2M |
| MIC2USDMACQUARIE INFRASTRUCTURE COR | NEW | +75.0K | 75.0K | +$2M | $2M |
| OCOWENS CORNING NEW | NEW | +5.0K | 5.0K | +$460,000 | $460,000 |
| DISCAUSDDISCOVERY INC | NEW | +10.0K | 10.0K | +$435,000 | $435,000 |
| CSVCARRIAGE SVCS INC | SOLD OUT | −121.5K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 26.07% | $44M | 1.01M |
| 2 | SPBSPECTRUM BRANDS HLDGS INC NEhistory → | COM | 19.87% | $34M | 397.6K |
| 3 | FRGIUSDFIESTA RESTAURANT GROUP INChistory → | COM | 18.56% | $32M | 2.51M |
| 4 | POSTPOST HLDGS INChistory → | COM | 10.80% | $18M | 173.8K |
| 5 | BCOBRINKS COhistory → | COM | 4.66% | $8M | 100.0K |
| 6 | CCXGBPCHURCHILL CAP CORP IIhistory → | CL A | 4.53% | $8M | 770.5K |
| 7 | APGAPI GROUP CORPhistory → | COM STK | 3.95% | $7M | 325.0K |
| 8 | 2XYSCIPLAY CORPORATIONhistory → | CL A | 3.57% | $6M | 375.0K |
| 9 | GRA1EURGRACE W R & CO DEL NEWhistory → | COM | 2.99% | $5M | 85.0K |
| 10 | LBEURL BRANDS INChistory → | COM | 1.64% | $3M | 45.0K |
| 11 | NWSNEWS CORP NEWhistory → | CL B | 1.45% | $2M | 105.0K |
| 12 | MIC2USDMACQUARIE INFRASTRUCTURE CORhistory → | COM | 1.40% | $2M | 75.0K |
| 13 | OCOWENS CORNING NEW | COM | 0.27% | $460,000 | 5.0K |
| 14 | DISCAUSDDISCOVERY INC | COM SER A | 0.26% | $435,000 | 10.0K |
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 ↗.