Ancient Art, L.P.

Key Holdings

The portfolio is heavily weighted toward its top two holdings, which together constitute nearly 60% of the total assets.

• Interactive Brokers Group, Inc. (IBKR): This is the dominant position, valued at $113.10 million, representing 34.83% of the portfolio. With 1.64 million shares, Ancient Art, L.P. has made a massive bet on the financial services and brokerage sector.
• Upwork Inc. (UPWK): The second-largest holding is a significant technology position valued at $79.27 million (24.41% of the portfolio). The fund increased this stake substantially during the quarter, adding $28.55 million (+13.1%), bringing the total share count to 4.27 million.
• Ally Financial Inc. (ALLY): The third major holding is another financial services play, accounting for 15.79% of the portfolio ($51.29M). Combined with IBKR, financials represent the core of the fund's strategy.
• Stellantis N.V.: This position ($32.22M) represents the largest allocation within the "Unknown" sector classification (likely Consumer Discretionary/Automotive), comprising 9.92% of the portfolio.