# Ancient Art, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1426749. Source: https://holderbook.com/funds/1426749-ancient-art-l-p/

- Reported value: $489.4M
- Positions: 16
- Weight of the ten largest: 88.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $111.9M | 1,285,193 | 22.9% | 31 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $68.1M | 2,160,359 | 13.9% | 1 |
| UPWORK INC | [UPWK](https://holderbook.com/stocks/UPWK/) | $60.4M | 7,228,530 | 12.3% | 30 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $60.1M | 1,308,399 | 12.3% | 12 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $31.0M | 1,784,799 | 6.3% | 2 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $23.6M | 1,500,000 | 4.8% | 1 |
| GITLAB INC | [GTLB](https://holderbook.com/stocks/GTLB/) | $22.9M | 750,000 | 4.7% | 2 |
| SPROUT SOCIAL INC | [SPT](https://holderbook.com/stocks/SPT/) | $19.2M | 2,537,074 | 3.9% | 2 |
| FRONTIER GROUP HLDGS INC | [ULCC](https://holderbook.com/stocks/ULCC/) | $18.9M | 2,395,119 | 3.9% | 20 |
| BBB FOODS INC | [TBBB](https://holderbook.com/stocks/TBBB/) | $18.8M | 451,497 | 3.8% | 4 |
| STELLANTIS N.V | [STLA](https://holderbook.com/stocks/STLA/) | $18.4M | 3,199,412 | 3.8% | 22 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $16.4M | 1,435,809 | 3.4% | 9 |
| TAMBORAN RES CORP | [TBN](https://holderbook.com/stocks/TBN/) | $14.2M | 437,142 | 2.9% | 8 |
| CONTROLADORA VUELA COMP DE A | [VLRS](https://holderbook.com/stocks/VLRS/) | $3.8M | 406,139 | 0.8% | 12 |
| THRYV HLDGS INC | [THRY](https://holderbook.com/stocks/THRY/) | $1.5M | 377,593 | 0.3% | 5 |
| DLOCAL LTD | [DLO](https://holderbook.com/stocks/DLO/) | $130.8K | 10,068 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.0% | +14.8% | -8.8% | 100% |
| Q1 2026 | -13.0% | -4.6% | -8.3% | 100% |
| Q4 2025 | +9.2% | +2.4% | +6.8% | 100% |
| Q3 2025 | +25.6% | +7.8% | +17.8% | 100% |
| Q2 2025 | +11.0% | +10.5% | +0.6% | 100% |
| Q1 2025 | -7.8% | -4.6% | -3.2% | 100% |
| Q4 2024 | +18.1% | +2.1% | +15.9% | 100% |
| Q3 2024 | -0.1% | +5.4% | -5.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $489.4M | 16 |
| Q1 2026 | $458.6M | 16 |
| Q4 2025 | $442.1M | 11 |
| Q3 2025 | $416.1M | 12 |
| Q2 2025 | $309.6M | 15 |
| Q1 2025 | $337.1M | 12 |
| Q4 2024 | $470.0M | 14 |
| Q3 2024 | $431.9M | 14 |
| Q2 2024 | $390.4M | 17 |
| Q1 2024 | $494.9M | 16 |
| Q4 2023 | $599.7M | 17 |
| Q3 2023 | $465.8M | 17 |