AREX Capital Management LP's Q1 2025 13F: 1 new position, 2 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 15, 2025 · 13 reported positions · accession 0000919574-25-003057
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | CANNAE HLDGS INC (CNNE) | 26.6% | 2.0% | −24.6 pts | −888K sh | −94% |
| Reduced | BOLT PROJS HLDGS INC (BSLK) | 0.5% | 0.5% | 0.0 pts | −745K sh | −95% |
| Increased | IAC INC (IAC) | 1.7% | 5.2% | +3.5 pts | +28,000 sh | +102% |
| Increased | SKILLSOFT CORP (SKIL) | 11.7% | 15.6% | +3.9 pts | +57,239 sh | +17% |
| Exited | WESTERN DIGITAL CORP (WDC) | 1.9% | — | −1.9 pts | −22,500 sh | −100% |
| Increased | TOPGOLF CALLAWAY BRANDS CORP (CALY) | 6.7% | 9.4% | +2.7 pts | +100K sh | +17% |
| Reduced | BROOKFIELD CORP (BN) | 1.9% | 1.5% | −0.4 pts | −9,106 sh | −40% |
| Reduced | ORTHOFIX MED INC (OFIX) | 2.5% | 2.7% | +0.2 pts | −19,000 sh | −19% |
| Reduced | NCR VOYIX CORPORATION (VYX) | 6.6% | 6.0% | −0.5 pts | −29,036 sh | −9% |
| Increased | DENTSPLY SIRONA INC (XRAY) | 2.4% | 3.3% | +0.8 pts | +17,500 sh | +19% |
| New | DELEK US HLDGS INC NEW (DK) | — | 0.5% | +0.5 pts | +15,000 sh | new |
| Exited | FOMENTO ECONOMICO MEXICANO S (FMX) | 0.4% | — | −0.4 pts | −3,255 sh | −100% |
| Reduced | ENHABIT INC (EHAB) | 27.7% | 44.2% | +16.5 pts | −13,275 sh | −1% |
| Reduced | THE ODP CORP (ODP) | 5.3% | 4.6% | −0.7 pts | −6,000 sh | −4% |
| Increased | NCR ATLEOS CORPORATION (NATL) | 4.1% | 4.7% | +0.6 pts | +2,500 sh | +3% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 97.6% of the equity book
Changes in the top 10 this quarter: IAC entered · WDC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ENHABIT INC (EHAB) | 27.7% | 44.2% | |
| 2 | SKILLSOFT CORP (SKIL) | 11.7% | 15.6% | |
| 3 | TOPGOLF CALLAWAY BRANDS CORP (CALY) | 6.7% | 9.4% | |
| 4 | NCR VOYIX CORPORATION (VYX) | 6.6% | 6.0% | |
| 5 | IAC INC (IAC) | 1.7% | 5.2% | Entered the top 10 |
| 6 | NCR ATLEOS CORPORATION (NATL) | 4.1% | 4.7% | |
| 7 | THE ODP CORP (ODP) | 5.3% | 4.6% | |
| 8 | DENTSPLY SIRONA INC (XRAY) | 2.4% | 3.3% | |
| 9 | ORTHOFIX MED INC (OFIX) | 2.5% | 2.7% | |
| 10 | CANNAE HLDGS INC (CNNE) | 26.6% | 2.0% | |
| — | WESTERN DIGITAL CORP (WDC) | 1.9% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).