SEC 13F Intelligence

Managers / Q4 2024 · view latest →

AREX Capital Management, LP

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

Reported Value
$70M
Q4 2024
Positions
14
Filings on Record
26
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Arex Capital Management, LP reported $70M in U.S.-listed holdings across 14 positions for Q4 2024.

The portfolio is heavily concentrated: EHABUSD alone accounts for 27.7% of reported value.

Compared with Q3 2024, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+14.1%
vs prior filed quarter
Top-10 Concentration
+95.5%
share of reported value
Largest Position
+27.7%
Enhabit
New / Exited
4 / 3
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, 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: 99.1%Other: 0.5%ADR: 0.4%
  • Common Stock · 99.1% · $70M
  • Other · 0.5% · $376,332
  • ADR · 0.4% · $278,270

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XRAYDENTSPLY SIRONA INCNEW+90.0K90.0K+$2M$2M
WDCWESTERN DIGITAL CORPNEW+22.5K22.5K+$1M$1M
BOLT PROJS HLDGS INCNEW+780.8K780.8K+$376,332$376,332
FMXFOMENTO ECONOMICO MEXICANO SNEW+3.3K3.3K+$278,270$278,270
PPLIIAC INCADDED+22.5K27.5K+$919,403$1M
BNBROOKFIELD CORPADDED+13.9K22.8K+$836,940$1M
KBRKBR INCSOLD OUT100.0K0$7M$0
MITKMITEK SYS INCSOLD OUT175.0K0$2M$0

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

Holdings — Q4 2024

14 positions
#IssuerClass% PortfolioValueShares
1EHABUSDENHABIT INChistory →COM27.71%$19M2.49M
2CNNECANNAE HLDGS INChistory →COM26.60%$19M940.3K
3SKILSKILLSOFT CORPhistory →CL A11.66%$8M341.7K
4CALYTOPGOLF CALLAWAY BRANDS CORPhistory →COM6.70%$5M598.8K
5VYXNCR VOYIX CORPORATIONhistory →COM6.59%$5M334.4K
6THE ODP CORPCOM5.30%$4M163.5K
7NATLNCR ATLEOS CORPORATIONhistory →COM SHS4.11%$3M85.0K
8OFIXORTHOFIX MED INChistory →COM2.49%$2M100.0K
9XRAYDENTSPLY SIRONA INChistory →COM2.43%$2M90.0K
10WDCWESTERN DIGITAL CORPhistory →COM1.91%$1M22.5K
11BNBROOKFIELD CORPhistory →CL A LTD VT SH1.86%$1M22.8K
12PPLIIAC INChistory →COM NEW1.69%$1M27.5K
13BOLT PROJS HLDGS INCCOM0.54%$376,332780.8K
14FMXFOMENTO ECONOMICO MEXICANO SSPON ADR UNITS0.40%$278,2703.3K

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 ↗.