SEC 13F Intelligence

Managers / Q2 2021 · view latest →

AREX Capital Management, LP

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

Reported Value
$211M
Q2 2021
Positions
16
Filings on Record
26
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Arex Capital Management, LP reported $211M in U.S.-listed holdings across 16 positions for Q2 2021.

The portfolio is heavily concentrated: POST alone accounts for 31.8% of reported value.

Compared with Q1 2021, the fund opened 11 new positions and exited 9.

Portfolio Metrics

Turnover
+48.2%
vs prior filed quarter
Top-10 Concentration
+94.2%
share of reported value
Largest Position
+31.8%
Post
New / Exited
11 / 9
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: 41.4%Other: 36.4%Tracking Stk: 22.1%
  • Common Stock · 41.4% · $87M
  • Other · 36.4% · $77M
  • Tracking Stk · 22.1% · $47M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIESTA RESTAURANT GROUP ORDNEW+2.52M2.52M+$34M$34M
SPECTRUM BRANDS HOLDINGS ORDNEW+179.1K179.1K+$15M$15M
SKILLSOFT CL A ORDNEW+963.0K963.0K+$9M$9M
API GROUP ORDNEW+240.0K240.0K+$5M$5M
ENCOMPASS HEALTH ORDNEW+58.0K58.0K+$5M$5M
MDPUSDMEREDITH CORPNEW+77.5K77.5K+$3M$3M
NEWS CL B ORDNEW+110.0K110.0K+$3M$3M
BALLY S ORDNEW+30.0K30.0K+$2M$2M

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

Holdings — Q2 2021

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1POSTPOST HLDGS INChistory →COM31.81%$67M618.1K
2LIBERTY MEDIA CORP DELCOM C SIRIUSXM22.12%$47M1.01M
3FIESTA RESTAURANT GROUP ORDCOM16.03%$34M2.52M
4SPECTRUM BRANDS HOLDINGS ORDCOM7.22%$15M179.1K
5SKILLSOFT CL A ORDCL A4.50%$9M963.0K
62XYSCIPLAY CORPORATIONhistory →CL A3.22%$7M400.0K
7BCOBRINKS COhistory →COM3.19%$7M87.5K
8API GROUP ORDCOM STK2.38%$5M240.0K
9ENCOMPASS HEALTH ORDCOM2.15%$5M58.0K
10LBEURL BRANDS INChistory →COM1.62%$3M47.5K
11MDPUSDMEREDITH CORPhistory →COM1.60%$3M77.5K
12NEWS CL B ORDCL B1.27%$3M110.0K
13BALLY S ORDCOM0.77%$2M30.0K
14BOWX ACQUISITION CORPCL A0.75%$2M137.2K
15IAC INTERACTIVE ORDCOM NEW0.73%$2M10.0K
16VIMEO ORDCOMMON STOCK0.64%$1M27.5K

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 ↗.