SEC 13F Intelligence

Managers / Q4 2022 · view latest →

AREX Capital Management, LP

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

Reported Value
$166M
Q4 2022
Positions
17
Filings on Record
26
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Arex Capital Management, LP reported $166M in U.S.-listed holdings across 17 positions for Q4 2022.

The portfolio is heavily concentrated: POST alone accounts for 32.1% of reported value.

Compared with Q3 2022, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+93.9%
share of reported value
Largest Position
+32.1%
Post
New / Exited
2 / 2
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: 76.3%Tracking Stk: 23.7%
  • Common Stock · 76.3% · $127M
  • Tracking Stk · 23.7% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FGF&G ANNUITIES & LIFE INCNEW+135.0K135.0K+$3M$3M
RXORXO INCNEW+115.0K115.0K+$2M$2M
WEXWEX INCADDED+21.5K28.5K+$4M$5M
FLEX LTDSOLD OUT−120.0K0−$2M$0
IAA-WUSDIAA INCSOLD OUT−37.5K0−$1M$0
CCXUSDSKILLSOFT CORPTRIMMED−831.7K363.8K−$2M$472,927
ANFABERCROMBIE & FITCH COTRIMMED−100.0K110.0K−$745,900$3M
LNWOLIGHT & WONDER INCTRIMMED−27.5K40.0K−$550,000$2M

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

Holdings — Q4 2022

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1POSTPOST HLDGS INChistory →COM32.09%$53M591.1K
2LIBERTY MEDIA CORP DELCOM C SIRIUSXM23.66%$39M1.01M
3FRGIUSDFIESTA RESTAURANT GROUP INChistory →COM11.09%$18M2.51M
4BRBRBELLRING BRANDS INChistory →COMMON STOCK8.79%$15M570.0K
5SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM5.22%$9M142.5K
6VYXNCR CORP NEWhistory →COM4.93%$8M350.0K
7WEXWEX INChistory →COM2.81%$5M28.5K
8ODP1THE ODP CORPhistory →COM2.04%$3M74.3K
9APGAPI GROUP CORPhistory →COM STK1.64%$3M145.0K
10FGF&G ANNUITIES & LIFE INChistory →COMMON STOCK1.62%$3M135.0K
11ANFABERCROMBIE & FITCH COhistory →CL A1.52%$3M110.0K
12LNWOLIGHT & WONDER INChistory →COM1.41%$2M40.0K
13RXORXO INChistory →COMMON STOCK1.19%$2M115.0K
14EHABUSDENHABIT INCCOM0.79%$1M99.4K
150J7QIAC INCCOM NEW0.52%$865,80019.5K
16EHCENCOMPASS HEALTH CORPCOM0.40%$672,86311.3K
17CCXUSDSKILLSOFT CORPCL A0.28%$472,927363.8K

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 ↗.