AREX Capital Management, LP
NEW YORK, NY
$61m in 26 US stocks at the end of 31 March 2026. The top 10 are 92.8% of the money. It changed about 28.7% of the portfolio this quarter.
Value
$61m
Stocks
26
Top 10 share
92.8%
Turnover
28.7%
What changed this quarter
New
Bought for the first time this quarter.
- Genworth FinancialGNW6.9% of the fund
- Xponential FitnessXPOF1.5% of the fund
- TransaltaTAC0.9% of the fund
- Riot PlatformsRIOT0.9% of the fund
- AlphabetGOOG0.8% of the fund
- PerrigoPRGO0.8% of the fund
- KBRKBR0.8% of the fund
- WEXWEX0.8% of the fund
- AppleAAPL0.8% of the fund
- Core Natural ResourcesCNR0.7% of the fund
- Kyndryl HoldingsKD0.7% of the fund
- AptivAPTV0.3% of the fund
- Ares CapitalARCC0.3% of the fund
- Prospect CapitalPSEC0.3% of the fund
- Blackstone Secured Lending FundBXSL0.3% of the fund
- Oaktree Specialty LendingOCSL0.2% of the fund
- Morgan Stanley Direct Lending FundMSDL0.2% of the fund
- Hercules CapitalHTGC0.2% of the fund
- Goldman Sachs BDCGSBD0.1% of the fund
Added
Bought more of a stock they already held.
- People Inc.PPLI16.5% of the fund+438%
- NCR VoyixVYX1.7% of the fund+31%
- FTAI InfrastructureFIP0.6% of the fund+50%
Cut
Sold some of their stake.
- Callaway GolfCALY4.1% of the fund-61%
- SkillsoftSKIL1.5% of the fund-11%
- NextnavNN0.1% of the fund-78%
Sold out
Sold their entire stake.
Holdings
- Enhabit
- Share
- 58.1%
- Value
- $35m
- Shares
- 2,494,155
Held
- TransaltaTAC
- Share
- 0.9%
- Value
- $525,896
- Shares
- 40,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Enhabit | 58.1% | $35m | 2,494,155 | Held |
| People Inc.PPLI | 16.5% | $10m | 250,000 | +438% |
| Genworth FinancialGNW | 6.9% | $4m | 515,616 | New |
| Callaway GolfCALY | 4.1% | $2m | 178,700 | -61% |
| NCR VoyixVYX | 1.7% | $1m | 158,864 | +31% |
| SkillsoftSKIL | 1.5% | $914,461 | 213,161 | -11% |
| Xponential FitnessXPOF | 1.5% | $903,000 | 150,000 | New |
| TransaltaTAC | 0.9% | $525,896 | 40,000 | New |
| Riot PlatformsRIOT | 0.9% | $525,300 | 42,500 | New |
| AlphabetGOOG | 0.8% | $487,662 | 1,700 | New |
| PerrigoPRGO | 0.8% | $483,300 | 45,000 | New |
| KBRKBR | 0.8% | $460,750 | 12,500 | New |
| WEXWEX | 0.8% | $459,120 | 3,000 | New |
| AppleAAPL | 0.8% | $456,822 | 1,800 | New |
| Core Natural ResourcesCNR | 0.7% | $445,103 | 4,250 | New |
| Kyndryl HoldingsKD | 0.7% | $393,600 | 30,000 | New |
| FTAI InfrastructureFIP | 0.6% | $370,500 | 75,000 | +50% |
| AptivAPTV | 0.3% | $208,320 | 3,000 | New |
| Ares CapitalARCC | 0.3% | $171,190 | 9,500 | New |
| Prospect CapitalPSEC | 0.3% | $169,650 | 65,000 | New |
| Blackstone Secured Lending FundBXSL | 0.3% | $165,830 | 7,000 | New |
| Oaktree Specialty LendingOCSL | 0.2% | $141,250 | 12,500 | New |
| Morgan Stanley Direct Lending FundMSDL | 0.2% | $132,620 | 9,500 | New |
| Hercules CapitalHTGC | 0.2% | $118,160 | 8,000 | New |
| NextnavNN | 0.1% | $88,110 | 5,500 | -78% |
| Goldman Sachs BDCGSBD | 0.1% | $79,032 | 8,900 | New |
Over time and by industry
Value over time
Sep '25
Mar '26
Value is up 18.0% since 30 June 2025.
Where the money is
Technology21.1%
Financial services8.5%
Retail & consumer5.9%
Industrials1.5%
Utilities0.9%
Media & telecom0.8%
Health care0.8%
Energy0.7%
Other59.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.