Managers / Q4 2025 · 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 $35M in U.S.-listed holdings across 9 positions for Q4 2025.
The portfolio is heavily concentrated: EHABUSD alone accounts for 65.4% of reported value.
Compared with Q3 2025, the fund opened 1 new position and exited 4.
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 · 98.1% · $35M
- ADR · 1.9% · $665,445
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPBSPECTRUM BRANDS HLDGS INC NE | NEW | +5.0K | 5.0K | +$295,400 | $295,400 |
| XRAYDENTSPLY SIRONA INC | SOLD OUT | −160.0K | 0 | −$2M | $0 |
| ODP1THE ODP CORP | SOLD OUT | −55.0K | 0 | −$2M | $0 |
| CNRCORE NATURAL RESOURCES INC | SOLD OUT | −8.5K | 0 | −$709,580 | $0 |
| BNBROOKFIELD CORP | SOLD OUT | −8.5K | 0 | −$582,313 | $0 |
| FMXFOMENTO ECONOMICO MEXICANO S | ADDED | +3.2K | 6.6K | +$330,103 | $665,445 |
| VYXNCR VOYIX CORPORATION | TRIMMED | −251.5K | 121.4K | −$3M | $1M |
| FIPFTAI INFRASTRUCTURE INC | TRIMMED | −85.0K | 50.0K | −$358,100 | $230,500 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EHABUSDENHABIT INChistory → | COM | 65.36% | $23M | 2.49M |
| 2 | CALYTOPGOLF CALLAWAY BRANDS CORPhistory → | COM | 15.03% | $5M | 453.0K |
| 3 | SKILSKILLSOFT CORPhistory → | CL A | 6.36% | $2M | 240.7K |
| 4 | 0J7QIAC INChistory → | COM NEW | 5.17% | $2M | 46.5K |
| 5 | VYXNCR VOYIX CORPORATIONhistory → | COM | 3.52% | $1M | 121.4K |
| 6 | FMXFOMENTO ECONOMICO MEXICANO Shistory → | SPON ADR UNITS | 1.89% | $665,445 | 6.6K |
| 7 | KK0NEXTNAV INChistory → | COMMON STOCK | 1.18% | $416,000 | 25.0K |
| 8 | SPBSPECTRUM BRANDS HLDGS INC NE | COM | 0.84% | $295,400 | 5.0K |
| 9 | FIPFTAI INFRASTRUCTURE INC | COMMON STOCK | 0.66% | $230,500 | 50.0K |
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 ↗.