SEC 13F Intelligence

Managers / Q1 2022 · view latest →

AREX Capital Management, LP

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

Reported Value
$173M
Q1 2022
Positions
16
Filings on Record
26
2019–present window
Filed
May 16, 2022
original filing

Summary

Arex Capital Management, LP reported $173M in U.S.-listed holdings across 16 positions for Q1 2022.

The portfolio is heavily concentrated: Liberty Media alone accounts for 26.5% of reported value.

Compared with Q4 2021, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+18.7%
vs prior filed quarter
Top-10 Concentration
+91.8%
share of reported value
Largest Position
+26.5%
Liberty Media
New / Exited
5 / 8
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: 71.1%Tracking Stk: 26.5%Other: 2.4%
  • Common Stock · 71.1% · $123M
  • Tracking Stk · 26.5% · $46M
  • Other · 2.4% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BRBRBELLRING BRANDS ORDNEW+794.5K794.5K+$18M$18M
VYXNCR CORP NEWNEW+132.5K132.5K+$5M$5M
FLEX LTDNEW+220.0K220.0K+$4M$4M
IAA-WUSDIAA INCNEW+53.5K53.5K+$2M$2M
ANFABERCROMBIE & FITCH CONEW+60.0K60.0K+$2M$2M
SPBSPECTRUM BRANDS HLDGS INC NEADDED+54.0K84.0K+$4M$7M
W3UWESTERN UN COSOLD OUT−425.0K0−$8M$0
BCOBRINKS COSOLD OUT−98.0K0−$6M$0

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

Holdings — Q1 2022

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LIBERTY MEDIA CORP DELCOM C SIRIUSXM26.54%$46M1.01M
2POSTPOST HLDGS INChistory →COM25.08%$43M627.1K
3FRGIUSDFIESTA RESTAURANT GROUP INChistory →COM10.83%$19M2.51M
4BRBRBELLRING BRANDS ORDhistory →COM10.59%$18M794.5K
5SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM4.30%$7M84.0K
6CCXUSDSKILLSOFT CORPhistory →CL A4.17%$7M1.20M
7VYXNCR CORP NEWhistory →COM3.07%$5M132.5K
8APGAPI GROUP CORPhistory →COM STK2.43%$4M200.0K
9LNWOSCIENTIFIC GAMES CORPhistory →COM2.43%$4M71.5K
10FLEX LTDORD2.36%$4M220.0K
11ODP1THE ODP CORPhistory →COM2.01%$3M75.8K
12BBWIBATH & BODY WORKS INChistory →COM1.77%$3M64.0K
130J7QIAC INTERACTIVECORP NEWhistory →COM NEW1.74%$3M30.0K
14IAA-WUSDIAA INChistory →COM1.18%$2M53.5K
15ANFABERCROMBIE & FITCH COhistory →CL A1.11%$2M60.0K
16EHCENCOMPASS HEALTH CORPCOM0.42%$729,00010.3K

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 ↗.