Managers / Q4 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 $223M in U.S.-listed holdings across 19 positions for Q4 2021.
The portfolio is heavily concentrated: POST alone accounts for 31.2% of reported value.
Compared with Q3 2021, the fund opened 4 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, 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 · 100.0% · $223M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WUWESTERN UN CO | NEW | +425.0K | 425.0K | +$8M | $8M |
| SCIPLAY CORPORATION | NEW | +175.0K | 175.0K | +$2M | $2M |
| LOYALTY VENTURES INC | NEW | +35.0K | 35.0K | +$1M | $1M |
| MRCYMERCURY SYS INC | NEW | +13.1K | 13.1K | +$721,000 | $721,000 |
| MEREDITH CORP | SOLD OUT | −52.5K | 0 | −$3M | $0 |
| MXCTMAXCYTE INC | SOLD OUT | −127.0K | 0 | −$2M | $0 |
| SPBSPECTRUM BRANDS HLDGS INC NE | TRIMMED | −116.5K | 30.0K | −$11M | $3M |
| THE ODP CORP | ADDED | +125.5K | 285.5K | +$5M | $11M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | POSTPOST HLDGS INChistory → | COM | 31.22% | $70M | 616.6K |
| 2 | LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 22.96% | $51M | 1.01M |
| 3 | FIESTA RESTAURANT GROUP INC | COM | 12.41% | $28M | 2.51M |
| 4 | THE ODP CORP | COM | 5.04% | $11M | 285.5K |
| 5 | SKILLSOFT CORP | CL A | 4.58% | $10M | 1.12M |
| 6 | EHCENCOMPASS HEALTH CORPhistory → | COM | 3.43% | $8M | 117.0K |
| 7 | WUWESTERN UN COhistory → | COM | 3.41% | $8M | 425.0K |
| 8 | BCOBRINKS COhistory → | COM | 2.89% | $6M | 98.0K |
| 9 | APGAPI GROUP CORPhistory → | COM STK | 2.31% | $5M | 200.0K |
| 10 | BOTTOMLINE TECH DEL INC | COM | 2.22% | $5M | 87.5K |
| 11 | BBWIBATH & BODY WORKS INChistory → | COM | 1.57% | $3M | 50.0K |
| 12 | LNWOSCIENTIFIC GAMES CORPhistory → | COM | 1.50% | $3M | 50.0K |
| 13 | PPLIIAC INTERACTIVECORP NEWhistory → | COM NEW | 1.47% | $3M | 25.0K |
| 14 | SPBSPECTRUM BRANDS HLDGS INC NEhistory → | COM | 1.37% | $3M | 30.0K |
| 15 | SCIPLAY CORPORATION | CL A | 1.08% | $2M | 175.0K |
| 16 | PRIMO WATER CORPORATION | COM | 0.89% | $2M | 112.5K |
| 17 | BALLYS CORPORATION | COM | 0.85% | $2M | 50.0K |
| 18 | LOYALTY VENTURES INC | COMMON STOCK | 0.47% | $1M | 35.0K |
| 19 | MRCYMERCURY SYS INC | COM | 0.32% | $721,000 | 13.1K |
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 ↗.