SEC 13F Intelligence

Managers / Q1 2023 · view latest →

AREX Capital Management, LP

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

Reported Value
$137M
Q1 2023
Positions
15
Filings on Record
26
2019–present window
Filed
May 15, 2023
original filing

Summary

Arex Capital Management, LP reported $137M in U.S.-listed holdings across 15 positions for Q1 2023.

The portfolio is heavily concentrated: POST alone accounts for 26.8% of reported value.

Compared with Q4 2022, the fund opened 3 new positions and exited 5.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+96.6%
share of reported value
Largest Position
+26.8%
Post
New / Exited
3 / 5
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: 76.8%Tracking Stk: 23.0%REIT: 0.2%
  • Common Stock · 76.8% · $105M
  • Tracking Stk · 23.0% · $31M
  • REIT · 0.2% · $293,700

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
K6BKBR INCNEW+50.0K50.0K+$3M$3M
CEIXEURCONSOL ENERGY INC NEWNEW+31.5K31.5K+$2M$2M
SAFESAFEHOLD INCNEW+10.0K10.0K+$293,700$293,700
EHABUSDENHABIT INCADDED+617.8K717.1K+$9M$10M
BRBRBELLRING BRANDS INCSOLD OUT−570.0K0−$15M$0
APGAPI GROUP CORPSOLD OUT−145.0K0−$3M$0
ANFABERCROMBIE & FITCH COSOLD OUT−110.0K0−$3M$0
LNWOLIGHT & WONDER INCSOLD OUT−40.0K0−$2M$0

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

Holdings — Q1 2023

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1POSTPOST HLDGS INChistory →COM26.84%$37M409.4K
2LIBERTY MEDIA CORP DELCOM C SIRIUSXM22.98%$31M1.13M
3FRGIUSDFIESTA RESTAURANT GROUP INChistory →COM15.05%$21M2.51M
4VYXNCR CORP NEWhistory →COM7.61%$10M442.0K
5EHABUSDENHABIT INChistory →COM7.28%$10M717.1K
6SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM6.76%$9M140.0K
7WEXWEX INChistory →COM3.89%$5M29.0K
8ODP1THE ODP CORPhistory →COM2.42%$3M73.8K
9K6BKBR INChistory →COM2.01%$3M50.0K
10FGF&G ANNUITIES & LIFE INChistory →COMMON STOCK1.72%$2M130.0K
11CEIXEURCONSOL ENERGY INC NEWhistory →COM1.34%$2M31.5K
120J7QIAC INChistory →COM NEW1.07%$1M28.5K
13CCXUSDSKILLSOFT CORPCL A0.53%$731,928366.0K
14EHCENCOMPASS HEALTH CORPCOM0.28%$377,0777.0K
15SAFESAFEHOLD INCCOM0.21%$293,70010.0K

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 ↗.