SEC 13F Intelligence

Managers / Q2 2023 · view latest →

AREX Capital Management, LP

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

Reported Value
$135M
Q2 2023
Positions
11
Filings on Record
26
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Arex Capital Management, LP reported $135M in U.S.-listed holdings across 11 positions for Q2 2023.

The portfolio is heavily concentrated: Liberty Media alone accounts for 27.9% of reported value.

Compared with Q1 2023, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+28.3%
vs prior filed quarter
Top-10 Concentration
+99.6%
share of reported value
Largest Position
+27.9%
Liberty Media

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: 72.1%Tracking Stk: 27.9%
  • Common Stock · 72.1% · $97M
  • Tracking Stk · 27.9% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EHABUSDENHABIT INCADDED+1.57M2.29M+$16M$26M
POSTPOST HLDGS INCSOLD OUT−409.4K0−$37M$0
FGF&G ANNUITIES & LIFE INCSOLD OUT−130.0K0−$2M$0
EHCENCOMPASS HEALTH CORPSOLD OUT−7.0K0−$377,077$0
SAFESAFEHOLD INCSOLD OUT−10.0K0−$293,700$0
VYXNCR CORP NEWADDED+386.0K828.0K+$10M$21M
CEIXEURCONSOL ENERGY INC NEWADDED+26.0K57.5K+$2M$4M
ODP1THE ODP CORPADDED+39.0K112.8K+$2M$5M

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

Holdings — Q2 2023

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LIBERTY MEDIA CORP DELCOM C SIRIUSXM27.85%$38M1.15M
2EHABUSDENHABIT INChistory →COM19.49%$26M2.29M
3VYXNCR CORP NEWhistory →COM15.49%$21M828.0K
4FRGIUSDFIESTA RESTAURANT GROUP INChistory →COM14.77%$20M2.51M
5SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM7.52%$10M130.0K
6WEXWEX INChistory →COM4.05%$5M30.0K
7ODP1THE ODP CORPhistory →COM3.92%$5M112.8K
8CEIXEURCONSOL ENERGY INC NEWhistory →COM2.89%$4M57.5K
9K6BKBR INChistory →COM2.41%$3M50.0K
100J7QIAC INChistory →COM NEW1.16%$2M25.0K
11CCXUSDSKILLSOFT CORPCL A0.44%$587,095473.5K

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 ↗.