SEC 13F Intelligence

Managers / Q3 2022 · view latest →

AREX Capital Management, LP

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

Reported Value
$151M
Q3 2022
Positions
17
Filings on Record
26
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Arex Capital Management, LP reported $151M in U.S.-listed holdings across 17 positions for Q3 2022.

The portfolio is heavily concentrated: POST alone accounts for 33.5% of reported value.

Compared with Q2 2022, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+93.4%
share of reported value
Largest Position
+33.5%
Post

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

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: 98.7%Other: 1.3%
  • Common Stock · 98.7% · $149M
  • Other · 1.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLEX LTDNEW+120.0K120.0K+$2M$2M
EHABUSDENHABIT INCNEW+109.9K109.9K+$2M$2M
WEXWEX INCNEW+7.0K7.0K+$889,000$889,000
IAA INCTRIMMED30.0K37.5K$1M$1M
SPBSPECTRUM BRANDS HLDGS INC NEADDED+34.5K128.5K$3M$5M
ANFABERCROMBIE & FITCH COADDED+55.0K210.0K+$643,000$3M
THE ODP CORPTRIMMED35.0K80.8K$661,000$3M
VYXNCR CORP NEWADDED+64.5K305.0K$2M$6M

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

Holdings — Q3 2022

17 positions
#IssuerClass% PortfolioValueShares
1POSTPOST HLDGS INChistory →COM33.54%$51M616.6K
2LIBERTY MEDIA CORP DELCOM C SIRIUSXM25.18%$38M1.01M
3FIESTA RESTAURANT GROUP INCCOM10.56%$16M2.51M
4BRBRBELLRING BRANDS INChistory →COMMON STOCK9.09%$14M664.5K
5VYXNCR CORP NEWhistory →COM3.85%$6M305.0K
6SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM3.33%$5M128.5K
7ANFABERCROMBIE & FITCH COhistory →CL A2.17%$3M210.0K
8LNWOLIGHT & WONDER INChistory →COM1.92%$3M67.5K
9THE ODP CORPCOM1.89%$3M80.8K
10APGAPI GROUP CORPhistory →COM STK1.87%$3M212.0K
11SKILLSOFT CORPCL A1.45%$2M1.20M
12FLEX LTDORD1.33%$2M120.0K
13EHABUSDENHABIT INChistory →COM1.02%$2M109.9K
14PPLIIAC INCCOM NEW0.92%$1M25.0K
15IAA INCCOM0.79%$1M37.5K
16WEXWEX INCCOM0.59%$889,0007.0K
17EHCENCOMPASS HEALTH CORPCOM0.49%$735,00016.3K

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 ↗.