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AA

Ancient Art Portfolio holdings

AUM $459M
1-Year Est. Return 52.34%
This Fund
S&P 500
This Quarter Est. Return
+23.95%
1 Year Est. Return
+52.34%
3 Year Est. Return
+156.76%
5 Year Est. Return
+124.98%
10 Year Est. Return
+876.03%
AUM
$459M
AUM Growth
-$14M
Cap. Flow
-$109M
Cap. Flow %
-23.84%
Top 10 Hldgs %
86.12%
Holding
23
New
2
Increased
3
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
SAVE
Spirit Airlines, Inc.
SAVE
+$32.2M
2
FCNCA icon
First Citizens BancShares
FCNCA
+$31.2M
3
UPWK icon
Upwork
UPWK
+$7.02M
4
VTLE
Vital Energy
VTLE
+$6.69M
5
SEMR
Semrush
SEMR
+$2.27M

Top Sells

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$38M
2
META icon
Meta Platforms (Facebook)
META
+$37.9M
3
IBKR icon
Interactive Brokers
IBKR
+$35.2M
4
FWONA icon
Liberty Media Series A
FWONA
+$25.2M
5
ET icon
Energy Transfer Partners
ET
+$13.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.85%
2 Financials 19.33%
3 Industrials 18.57%
4 Communication Services 17.44%
5 Technology 13.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STLA icon
1
Stellantis
STLA
$16.7B
$57M 12.43%
3,133,135
– –
IBKR icon
2
Interactive Brokers
IBKR
$39.2B
$47.8M 10.41%
2,313,512
-1,727,884
-43% -$35.2M
ULCC icon
3
Frontier Group Holdings
ULCC
$1.55B
$42.9M 9.35%
4,358,535
-50,000
-1% -$558K
FCNCA icon
4
First Citizens BancShares
FCNCA
$24.9B
$40.9M 8.92%
+42,011
New +$31.2M
META icon
5
Meta Platforms (Facebook)
META
$1.42T
$40.8M 8.9%
192,612
-222,500
-54% -$37.9M
AMZN icon
6
Amazon
AMZN
$2.92T
$38.7M 8.45%
375,000
– –
SEMR
7
DELISTED
Semrush
SEMR
$35.7M 7.79%
3,555,670
+257,341
+8% +$2.27M
UPWK icon
8
Upwork
UPWK
$1.13B
$34.8M 7.6%
3,077,501
+589,872
+24% +$7.02M
SAVE
9
DELISTED
Spirit Airlines, Inc.
SAVE
$29.6M 6.46%
+1,725,000
New +$32.2M
UBER icon
10
Uber
UBER
$143B
$26.6M 5.81%
840,375
-235,000
-22% -$7.45M
DESP
11
DELISTED
Despegar.com
DESP
$22.8M 4.97%
3,712,783
– –
VTLE
12
DELISTED
Vital Energy
VTLE
$14.2M 3.09%
310,969
+133,902
+76% +$6.69M
ARNC
13
DELISTED
Arconic Corporation
ARNC
$9.99M 2.18%
380,965
-261,539
-41% -$6.43M
OSCR icon
14
Oscar Health
OSCR
$9.41B
$9.52M 2.08%
1,455,154
– –
FWONA icon
15
Liberty Media Series A
FWONA
$22.5B
$4.33M 0.94%
66,954
-417,787
-86% -$25.2M
UHAL.B icon
16
U-Haul Holding Co Series N
UHAL.B
$12.2B
$2.66M 0.58%
51,249
-242,628
-83% -$13.8M
WE.WS
17
DELISTED
WeWork Inc. Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
WE.WS
$174K 0.04%
2,169,453
– –
BABA icon
18
Alibaba
BABA
$293B
– –
-11,662
Closed -$1.03M
ET icon
19
Energy Transfer Partners
ET
$70.1B
– –
-1,166,511
Closed -$13.8M
SPOT icon
20
Spotify
SPOT
$103B
– –
-481,304
Closed -$38M
UHAL icon
21
U-Haul Holding Co
UHAL
$13.9B
– –
-32,653
Closed -$1.97M
ZG icon
22
Zillow
ZG
$7.94B
– –
-14,075
Closed -$439K
WE
23
DELISTED
WeWork Inc.
WE
– –
-122,595
Closed -$7.01M

Similar funds

UAM
UAS Asset Management New York $458M AUM 14.11% 1-Year Est. Return
FCG
Fielder Capital Group Nashville, Tennessee $459M AUM 48.94% 1-Year Est. Return
OCM
Olstein Capital Management Purchase, New York $458M AUM 6.27% 1-Year Est. Return
PIN
Prudent Investors Network Lake Forest, California $459M AUM 9.48% 1-Year Est. Return
PC
Pureheart Capital Singapore $459M AUM 23.59% 1-Year Est. Return
MIC
Maxi Investments CY Limassol, Cyprus $458M AUM 0.99% 1-Year Est. Return
AWMG
Alliance Wealth Management Group Flemington, New Jersey $457M AUM 12.13% 1-Year Est. Return
MCB
Morton Community Bank East Peoria, Illinois $460M AUM 17.72% 1-Year Est. Return

Ancient Art's Q1 2023 Portfolio in Review

As of Q1 2023, Ancient Art held 23 positions worth $459M, down 3% from $473M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Ancient Art withdrew a net $109M in Q1 2023, closing 6 positions and reducing 7 holdings. Its most notable exit was Spotify, an estimated $38M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, up from 20% a quarter earlier, followed by Financials and Industrials.

Against the trend, Ancient Art opened a new position in Spirit Airlines, Inc. worth $29.6M.

  • Ancient Art's largest Q1 2023 buy was Spirit Airlines, Inc.: 1,725,000 shares worth $29.6M.
  • Ancient Art added most to Upwork in Q1 2023, an estimated $7.02M increase.
  • Ancient Art's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $37.9M.
  • Ancient Art fully exited Spotify in Q1 2023, selling an estimated $38M.
  • Ancient Art's ten largest holdings make up 86% of its $459M portfolio in Q1 2023.
  • Ancient Art opened 2 new positions and closed 6 in Q1 2023.
  • Ancient Art's portfolio value fell 3% quarter-over-quarter to $459M.

Based on Ancient Art's 13F filing for Q1 2023, filed 15 May 2023.