SEC 13F Intelligence

Managers / Q2 2025 · view latest →

AREX Capital Management, LP

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

Reported Value
$51M
Q2 2025
Positions
19
Filings on Record
26
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Arex Capital Management, LP reported $51M in U.S.-listed holdings across 19 positions for Q2 2025.

The portfolio is heavily concentrated: EHABUSD alone accounts for 46.6% of reported value.

Compared with Q1 2025, the fund opened 8 new positions and exited 2.

Portfolio Metrics

Turnover
+10.2%
vs prior filed quarter
Top-10 Concentration
+95.6%
share of reported value
Largest Position
+46.6%
Enhabit
New / Exited
8 / 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: 100.0%
  • Common Stock · 100.0% · $51M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNRCORE NATURAL RESOURCES INCNEW+9.5K9.5K+$662,530$662,530
BHFBRIGHTHOUSE FINL INCNEW+7.5K7.5K+$403,275$403,275
FIPFTAI INFRASTRUCTURE INCNEW+60.0K60.0K+$370,200$370,200
KK0NEXTNAV INCNEW+20.0K20.0K+$304,000$304,000
TACTRANSALTA CORPNEW+25.0K25.0K+$269,630$269,630
SHCSOTERA HEALTH CONEW+17.5K17.5K+$194,600$194,600
BSLKBOLT PROJS HLDGS INCNEW+31.6K31.6K+$89,210$89,210
VSTSVESTIS CORPORATIONNEW+10.0K10.0K+$57,300$57,300

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

Holdings — Q2 2025

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EHABUSDENHABIT INChistory →COM46.65%$24M2.48M
2SKILSKILLSOFT CORPhistory →CL A12.59%$6M404.4K
3CALYTOPGOLF CALLAWAY BRANDS CORPhistory →COM11.07%$6M705.2K
4VYXNCR VOYIX CORPORATIONhistory →COM7.84%$4M342.9K
50J7QIAC INChistory →COM NEW4.83%$2M66.3K
6ODP1THE ODP CORPhistory →COM4.24%$2M120.0K
7XRAYDENTSPLY SIRONA INChistory →COM3.48%$2M112.5K
8CNNECANNAE HLDGS INChistory →COM2.34%$1M57.5K
9CNRCORE NATURAL RESOURCES INChistory →COM SHS1.29%$662,5309.5K
10BNBROOKFIELD CORPhistory →CL A LTD VT SH1.29%$661,23810.7K
11BHFBRIGHTHOUSE FINL INCCOM0.79%$403,2757.5K
12DKDELEK US HLDGS INC NEWCOM0.72%$370,65017.5K
13FIPFTAI INFRASTRUCTURE INCCOMMON STOCK0.72%$370,20060.0K
14KK0NEXTNAV INCCOMMON STOCK0.59%$304,00020.0K
15TACTRANSALTA CORPCOM0.53%$269,63025.0K
16OFIXORTHOFIX MED INCCOM0.38%$195,12517.5K
17SHCSOTERA HEALTH COCOM0.38%$194,60017.5K
18BSLKBOLT PROJS HLDGS INCCOM NEW0.17%$89,21031.6K
19VSTSVESTIS CORPORATIONCOM SHS0.11%$57,30010.0K

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 ↗.