SEC 13F Intelligence

Managers / Q1 2025 · view latest →

AREX Capital Management, LP

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

Reported Value
$49M
Q1 2025
Positions
13
Filings on Record
26
2019–present window
Filed
May 15, 2025
original filing

Summary

Arex Capital Management, LP reported $49M in U.S.-listed holdings across 13 positions for Q1 2025.

The portfolio is heavily concentrated: EHABUSD alone accounts for 44.2% of reported value.

Compared with Q4 2024, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+97.6%
share of reported value
Largest Position
+44.2%
Enhabit
New / Exited
1 / 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: 99.5%Other: 0.5%
  • Common Stock · 99.5% · $49M
  • Other · 0.5% · $240,608

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DKDELEK US HLDGS INC NEWNEW+15.0K15.0K+$226,050$226,050
0J7QIAC INCADDED+28.0K55.5K+$1M$3M
WDCWESTERN DIGITAL CORPSOLD OUT−22.5K0−$1M$0
FMXFOMENTO ECONOMICO MEXICANO SSOLD OUT−3.3K0−$278,270$0
BOLT PROJS HLDGS INCTRIMMED−745.0K35.8K−$135,724$240,608
CNNECANNAE HLDGS INCTRIMMED−887.8K52.5K−$18M$962,325
BNBROOKFIELD CORPTRIMMED−9.1K13.7K−$591,981$715,868
XRAYDENTSPLY SIRONA INCADDED+17.5K107.5K−$102,150$2M

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

Holdings — Q1 2025

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EHABUSDENHABIT INChistory →COM44.24%$22M2.48M
2SKILSKILLSOFT CORPhistory →CL A15.59%$8M399.0K
3CALYTOPGOLF CALLAWAY BRANDS CORPhistory →COM9.36%$5M698.8K
4VYXNCR VOYIX CORPORATIONhistory →COM6.05%$3M305.4K
50J7QIAC INChistory →COM NEW5.18%$3M55.5K
6NATLNCR ATLEOS CORPORATIONhistory →COM SHS4.69%$2M87.5K
7ODP1THE ODP CORPhistory →COM4.59%$2M157.5K
8XRAYDENTSPLY SIRONA INChistory →COM3.26%$2M107.5K
9OFIXORTHOFIX MED INChistory →COM2.68%$1M81.0K
10CNNECANNAE HLDGS INChistory →COM1.96%$962,32552.5K
11BNBROOKFIELD CORPhistory →CL A LTD VT SH1.45%$715,86813.7K
12BOLT PROJS HLDGS INCCOM0.49%$240,60835.8K
13DKDELEK US HLDGS INC NEWCOM0.46%$226,05015.0K

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 ↗.