AREX Capital Management, LP

CIK 0001800261 · Q1 2026

13F Equity AUM

$60.5M

+72.0% QoQ

Positions

+17 QoQ

AUM Rank

#10,905

Top 87%

Skill Alpha (FF)

+10.3%/yr^ns

No Clear Edge

Rank #352 · Top 4%

vs S&P +2.5%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 87.3%Top 10: 92.8%Top 20: 98.8%

EHAB58.1%

0J7Q16.5%

GNW6.9%

CALY4.1%

VYX1.7%

SKIL1.5%

XPOF1.5%

TAC0.9%

RIOT0.9%

GOOG0.8%

Others (16)7.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare58.9%

Technology20.4%

Financial Services9.4%

Consumer Cyclical5.9%

Other5.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 26Median: 0.76%Avg: 3.85%

0–0.5%

9(2.1%)

0.5–1%

10(7.6%)

1–3%

3(4.7%)

3–5%

1(4.1%)

5%+

3(81.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 26vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New19Increased4Decreased3Exited2

New Positions

GNW6.9%

+516K

XPOF1.5%

+150K

TAC0.9%

+40K

RIOT0.9%

+43K

GOOG0.8%

+2K

PRGO0.8%

+45K

WEX0.8%

+3K

K6B0.8%

+13K

AAPL0.8%

+2K

CNR0.7%

+4K

Increased

0J7Q16.5%

+204K(+438%)

VYX1.7%

+38K(+31%)

FIP0.6%

+25K(+50%)

EHAB58.1%

+283(+0%)

Decreased

CALY4.1%

-274,300(-61%)

SKIL1.5%

-27,500(-11%)

KK00.1%

-19,500(-78%)

Exited

FMX

-6,584

SPB

-5,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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