Ancient Art, L.P. 13F annual report

Ancient Art, L.P. is an investment fund managing more than $649 million ran by Patricia Rench. There are currently 20 companies in Mrs. Rench’s portfolio. The largest investments include Liberty Media and Meta Platforms Inc, together worth $150 million.

$649 million Assets Under Management (AUM)

As of 8th August 2022, Ancient Art, L.P.’s top holding is 1,416,403 shares of Liberty Media currently worth over $82.1 million and making up 12.6% of the portfolio value. Relative to the number of outstanding shares of Liberty Media, Ancient Art, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 420,997 shares of Meta Platforms Inc worth $67.9 million, whose value fell 11.0% in the past six months. The third-largest holding is Interactive Brokers Group In worth $55.6 million and the next is Frontier Group Hldgs Inc worth $47.9 million, with 5,106,992 shares owned.

Currently, Ancient Art, L.P.'s portfolio is worth at least $649 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Ancient Art, L.P.

The Ancient Art, L.P. office and employees reside in Austin, Texas. According to the last 13-F report filed with the SEC, Patricia Rench serves as the Chief Compliance Officer at Ancient Art, L.P..

Recent trades

In the most recent 13F filing, Ancient Art, L.P. revealed that it had opened a new position in Zillow Inc and bought 1,010,652 shares worth $32.1 million. This means they effectively own approximately 0.1% of the company. Zillow Inc makes up 100.0% of the fund's Real Estate sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Meta Platforms Inc by buying 105,997 additional shares. This makes their stake in Meta Platforms Inc total 420,997 shares worth $67.9 million. Meta Platforms Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Ancient Art, L.P. is getting rid of from its portfolio. Ancient Art, L.P. closed its position in Wells Fargo Co New on 15th August 2022. It sold the previously owned 1,446,811 shares for $67.1 million. Patricia Rench also disclosed a decreased stake in Liberty Media by 0.4%. This leaves the value of the investment at $82.1 million and 1,416,403 shares.

One of the average hedge funds

The two most similar investment funds to Ancient Art, L.P. are Private Ocean and Ausdal Partners. They manage $649 million and $649 million respectively.

Patricia Rench investment strategy

Ancient Art, L.P.’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 36.7% of the total portfolio value. The fund focuses on investments in the United States as 55.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 40% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $57.5 billion.

The complete list of Ancient Art, L.P. trades based on 13F SEC filings

These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Liberty Media Corp.	40.73% 1,416,403	$82,109,000	12.65%
Meta Platforms Inc	33.65% 420,997	$67,886,000	10.46%
Wells Fargo Co New	Closed 1,446,811	$67,146,000
Builders Firstsource Inc	Closed 1,209,535	$62,581,000
Interactive Brokers Group In	41.79% 1,010,349	$55,579,000	8.56%
Frontier Group Hldgs Inc	5,811.28% 5,106,992	$47,853,000	7.37%
Upwork Inc	149.91% 2,165,181	$44,776,000	6.90%
Alibaba Group Hldg Ltd	33.18% 374,182	$42,537,000	6.55%
SEMrush Holdings, Inc.	35.89% 3,222,996	$41,673,000	6.42%
Bowx Acquisition Corp	Closed 3,952,114	$39,521,000
Uber Technologies Inc	98.27% 1,850,375	$37,859,000	5.83%
Stellantis N.V	67.35% 2,908,135	$35,945,000	5.54%
Zillow Group Inc	Opened 1,010,652	$32,149,000	4.95%
Wework Inc	Opened 5,924,124	$29,739,000	4.58%
Despegar.com Corp	11.45% 3,631,259	$29,413,000	4.53%
Twitter Inc	20.21% 733,050	$27,409,000	4.22%
Archaea Energy Inc	Closed 1,203,420	$22,793,000
Spotify Technology S.A.	Opened 196,646	$18,451,000	2.84%
Arconic Corporation	23.64% 642,504	$18,022,000	2.78%
Amazon.com Inc.	Opened 140,000	$14,869,000	2.29%
Energy Transfer L P	51.73% 1,166,511	$11,642,000	1.79%
CIT Group Inc	Closed 182,046	$9,457,000
Oscar Health, Inc.	Opened 1,455,154	$6,184,000	0.95%
Liberty Tripadvisor Hldgs In	46.51% 277,892	$4,946,000	0.76%
Caesarstone Ltd	Closed 68,486	$851,000
Interface Inc.	No change 20,136	$253,000	0.04%
No transactions found
Showing first 500 out of 26 holdings