Equal-WT
WhaleScore 2.0
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Ancient Art is based out of Austin. Ancient Art is a hedge fund with 1 clients and discretionary assets under management (AUM) of $1,374,084,806 (Form ADV from 2024-03-28). Their last reported 13F filing for Q3 2024 included $431,937,600 in managed 13F securities
and a top 10 holdings concentration of 94.91%. Ancient Art's largest holding is Ally Financial Inc with shares held of 2,237,990. Whalewisdom has at least 68 13F filings, 2 13D filings, 41 13G filings, and 3 Form 4 filings
Business Description
Ancient Art, L.P. is a Texas Limited Partnership established in 2002, with Trango II, L.L.C. as its General Partner. The firm solely provides investment advisory services to Teton Capital Partners, L.P., a private pooled fund focused on long/short equity investments. Ancient Art's investment decisions are driven by fundamental bottom-up research, and it has full investment discretion over Teton's assets.
Ancient Art does not participate in wrap fee programs and manages a total of $1,012.96 million in net assets, all belonging to Teton. The firm does not have any other clients besides Teton, making it a specialized advisor focused on this single client's investment needs.
Investment Strategy
Ancient Art conducts disciplined fundamental research on investment ideas that meet their criteria, focusing on verifying growth and appreciation potential, as well as defining the level of risk. This research involves reviewing company and analyst reports, creating earnings models, and engaging in discussions with key stakeholders.
Ancient Art's investment strategies are flexible and adapt to market conditions and economic trends. They may pursue any objectives, employ any investment techniques, and purchase any type of security they deem appropriate and in the best interests of Teton Capital Partners, L.P.
Owners
- TRANGO II, L.L.C. - GENERAL PARTNER
- LEE, QUINCY, JAMES - LIMITED PARTNER
- RENCH, PATRICIA, GAITHER - CHIEF COMPLIANCE OFFICER
- PHILLIPS, BROOKE, ANNA - CHIEF FINANCIAL OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| ALLY Ally Financial Inc | 8.06% |
| OSCR Oscar Health, Inc | 4.33% |
| TBN Tamboran Resources C | 2.06% |
| VLRS Controladora Vuela C | 1.53% |
| LOMA Loma Negra Compania | 0.71% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| AMZN Amazon.com Inc | 2.97% |
| TGLS Tecnoglass Inc | 1.93% |
| IBKR Interactive Brokers | 1.77% |
| SEMR SEMrush Holdings Inc | 1.69% |
| XPOF Xponential Fitness I | 0.81% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| ALLY Ally Financial Inc | 18.44% |
| UPWK Upwork Inc | 17.76% |
| IBKR Interactive Brokers | 14.72% |
| STLA Stellantis NV | 10.89% |
| ULCC Frontier Group Holdi | 9.32% |
2024-09-30
13F Activity
| Market Value | $432m, Prior: $390m |
| Inflows (Outflows) as % of Total MV | +9.6903% |
| New Purchases | 2 stocks |
| Added To | 5 stocks |
| Sold out of | 5 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 94.91% |
| Turnover %[1] | 36.84% |
| Turnover Alt %[2] | 9.48% |
| Time Held Top 20 | 11.0714 quarters |
| Time Held Top 10 | 9.1 quarters |
| Time Held All | 11.79 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30