Ancient Art, L.P. 13F: Quarter-over-Quarter Portfolio Changes
Ancient Art, L.P. reported a disclosed portfolio value of approximately $458.6 million in its latest SEC Form 13F-HR filing for Q1 2026, up 3.7% quarter on quarter. Over the quarter, the fund initiated 5 new positions, bought more shares in 2 holdings, and trimmed 5 holdings.
Ancient Art, L.P.'s top buy was a new stake in Mercadolibre INC (MELI) , equal to 12.0% of the disclosed portfolio. Its top sell was Controladora Vuela Comp De a (VLRS) . The fund sold 76.8% of its previously reported shares, reducing the position's portfolio weight by 2.9 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MERCADOLIBRE INC | MELI | 12.0% | History → |
| GITLAB INC | GTLB | 3.5% | History → |
| SPROUT SOCIAL INC | SPT | 3.2% | Holders → |
| COUPANG INC | CPNG | 2.4% | Holders → |
| DLOCAL LTD | DLO | 0.0% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| UPWORK INC | UPWK | +-6.6% | +28.4% | History → |
| BBB FOODS INC | TBBB | +0.5% | +15.3% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CONTROLADORA VUELA COMP DE A | VLRS | -2.9% | 76.8% | Holders → |
| INTERACTIVE BROKERS GROUP IN | IBKR | -5.1% | 21.8% | History → |
| FRONTIER GROUP HLDGS INC | ULCC | -1.4% | 12.9% | Holders → |
| STELLANTIS N.V | STLA | -3.7% | 8.6% | History → |
| ECHOSTAR CORP | SATS | -0.0% | 3.7% | History → |
Net Portfolio Value ChangeQ1 2026
- $0.4BPrior quarter
- $0.5BCurrent quarter
- +$0.0BNet delta
- +3.7%% change
Methodology & FAQ
How Ancient Art, L.P. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Ancient Art, L.P.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Ancient Art, L.P. buy in Q1 2026?
In Q1 2026, Ancient Art, L.P. initiated 5 new positions (MERCADOLIBRE INC (MELI), GITLAB INC (GTLB), SPROUT SOCIAL INC (SPT), COUPANG INC (CPNG), DLOCAL LTD (DLO)); bought more shares of UPWORK INC (UPWK), BBB FOODS INC (TBBB).
What stocks did Ancient Art, L.P. sell in Q1 2026?
In Q1 2026, Ancient Art, L.P. reduced holdings in CONTROLADORA VUELA COMP DE A (VLRS), INTERACTIVE BROKERS GROUP IN (IBKR), FRONTIER GROUP HLDGS INC (ULCC), STELLANTIS N.V (STLA), ECHOSTAR CORP (SATS).
Which positions did Ancient Art, L.P. initiate in Q1 2026?
Ancient Art, L.P. established 5 new positions in Q1 2026: MERCADOLIBRE INC (MELI, 12.0%), GITLAB INC (GTLB, 3.5%), SPROUT SOCIAL INC (SPT, 3.2%), COUPANG INC (CPNG, 2.4%), DLOCAL LTD (DLO, 0.0%).
Which existing positions saw the largest allocation increases for Ancient Art, L.P. in Q1 2026?
Of 2 existing positions with share-count increases in Q1 2026, the largest were: UPWORK INC (UPWK, +-6.6% weight, +28.4% shares), BBB FOODS INC (TBBB, +0.5% weight, +15.3% shares).
Which positions did Ancient Art, L.P. fully exit in Q1 2026?
Ancient Art, L.P. fully exited no positions in Q1 2026.
Which existing positions saw the largest allocation reductions for Ancient Art, L.P. in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: CONTROLADORA VUELA COMP DE A (VLRS, -2.9% weight, -76.8% shares), INTERACTIVE BROKERS GROUP IN (IBKR, -5.1% weight, -21.8% shares), FRONTIER GROUP HLDGS INC (ULCC, -1.4% weight, -12.9% shares), STELLANTIS N.V (STLA, -3.7% weight, -8.6% shares), ECHOSTAR CORP (SATS, -0.0% weight, -3.7% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.