Managers / Q3 2023 · view latest →
AREX Capital Management, LP
CIK 0001800261 · 10 EAST 53RD STREET, 11TH FLOOR, NEW YORK, NY, 10022 · 646-679-4000
Summary
Arex Capital Management, LP reported $147M in U.S.-listed holdings across 11 positions for Q3 2023.
The portfolio is heavily concentrated: VYX alone accounts for 32.1% of reported value.
Compared with Q2 2023, the fund opened 3 new positions and exited 3.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 99.5% · $146M
- Tracking Stk · 0.5% · $763,800
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CALYTOPGOLF CALLAWAY BRANDS CORP | NEW | +420.0K | 420.0K | +$6M | $6M |
| CNNECANNAE HLDGS INC | NEW | +175.0K | 175.0K | +$3M | $3M |
| LIBERTY MEDIA CORP DEL | NEW | +30.0K | 30.0K | +$763,800 | $763,800 |
| THE ODP CORP | ADDED | +454.5K | 567.3K | +$21M | $26M |
| SKILLSOFT CORP | ADDED | +960.0K | 1.43M | +$683,527 | $1M |
| VYXNCR CORP NEW | ADDED | +921.9K | 1.75M | +$26M | $47M |
| LIBERTY MEDIA CORP DEL | SOLD OUT | −1.15M | 0 | −$38M | $0 |
| CONSOL ENERGY INC NEW | SOLD OUT | −57.5K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VYXNCR CORP NEWhistory → | COM | 32.10% | $47M | 1.75M |
| 2 | EHABUSDENHABIT INChistory → | COM | 17.90% | $26M | 2.34M |
| 3 | THE ODP CORP | COM | 17.81% | $26M | 567.3K |
| 4 | FIESTA RESTAURANT GROUP INC | COM | 14.17% | $21M | 2.46M |
| 5 | SPBSPECTRUM BRANDS HLDGS INC NEhistory → | COM | 5.06% | $7M | 95.0K |
| 6 | CALYTOPGOLF CALLAWAY BRANDS CORPhistory → | COM | 3.95% | $6M | 420.0K |
| 7 | WEXWEX INChistory → | COM | 3.20% | $5M | 25.0K |
| 8 | CNNECANNAE HLDGS INChistory → | COM | 2.22% | $3M | 175.0K |
| 9 | KBRKBR INChistory → | COM | 2.20% | $3M | 55.0K |
| 10 | SKILLSOFT CORP | CL A | 0.86% | $1M | 1.43M |
| 11 | LIBERTY MEDIA CORP DEL | COM LBTY SRM S C | 0.52% | $763,800 | 30.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $61M | 26 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $35M | 9 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $43M | 12 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $51M | 19 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $49M | 13 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $70M | 14 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $82M | 13 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $88M | 13 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $89M | 10 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $68M | 11 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $147M | 11 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $135M | 11 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $137M | 15 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $166M | 17 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $151M | 17 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $163M | 14 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $173M | 16 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $223M | 19 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $214M | 17 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $211M | 16 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $170M | 14 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $156M | 9 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $156M | 10 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $99M | 10 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $85M | 7 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $151M | 11 | Feb 14, 2020 | 13F-HR | changes · 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 ↗.