AREX Capital Management, LP

Registered adviser

CIK

1800261

Location

NEW YORK, NY

Portfolio Value

Micro $60,520,688

Diversification

Highly concentrated

Filing Date

Global Rank

#8,510 / 8,827 ▲ 160 · as of Mar 2026

Top Industry

Medical Care Facilities 58.1%

Period ended 7 months ago

Filed May 15, 2026 · 6mo

25 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 289595

Roster of Nov 1, 2026

Regulatory AUM

$99,382,000

Main clients

Pooled investment vehicles (76% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$74,795,000 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 29, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$98,704,000 gross assets in 3 funds Hedge funds $88,408,000 (2) Private equity funds $10,296,000 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$99,382,000	Pooled investment vehicles (76%)
Apr 2025 to Mar 2026	$139,078,189	Pooled investment vehicles (85%)
Apr 2024 to Mar 2025	$133,933,000	Pooled investment vehicles (74%)
May 2023 to Mar 2024	$337,817,877	Pooled investment vehicles (90%)
Apr 2023	$337,817,877	Pooled investment vehicles (90%)
Apr 2022 to Mar 2023	$541,417,786	Pooled investment vehicles (70%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 92.8% of the book (60%+)

Turnover

Low turnover

23.1% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 11.1 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 98.3%; sector active share 58.9% against the combined 13F book's sector weights.

Over time 25 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

26 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

58.1%

−7.3 pts

Top 5

87.3%

−8.2 pts

Top 10

92.8%

−7.2 pts

HHI

3,724

Highly concentrated−859

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	58.9%	$35,625,944	2
Communication Services	17.3%	$10,495,162	2
Financial Services	9.4%	$5,689,833	9
Consumer Cyclical	5.9%	$3,591,676	3
Technology	4.0%	$2,403,261	5
Consumer Defensive	1.5%	$914,460	1
Industrials	1.4%	$831,250	2
Utilities	0.9%	$524,000	1
Energy	0.7%	$445,102	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
PPLI	People Inc	+203,500	250,000	$10,007,500
VYX	NCR Voyix Corp	+37,500	158,864	$1,005,609
FIP	FTAI Infrastructure Inc.	+25,000	75,000	$370,500
—		+283	2,494,155	$35,142,644
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
CALY	Callaway Golf Co	−274,300	178,700	$2,480,356
SKIL	Skillsoft Corp.	−27,500	213,161	$914,460
NN	Nextnav Inc.	−19,500	5,500	$88,110
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
GNW	Genworth Financial Inc	515,616	$4,186,801
XPOF	Xponential Fitness, Inc.	150,000	$903,000
RIOT	Riot Platforms, Inc.	42,500	$525,300
TAC	Transalta Corp	40,000	$524,000
GOOG	Alphabet Inc.	1,700	$487,662
PRGO	PERRIGO Co plc	45,000	$483,300
KBR	Kbr, Inc.	12,500	$460,750
WEX	WEX Inc.	3,000	$459,120
AAPL	Apple Inc.	1,800	$456,822
CNR	Core Natural Resources, Inc.	4,250	$445,102
KD	Kyndryl Holdings, Inc.	30,000	$393,600
APTV	Aptiv PLC	3,000	$208,320
ARCC	Ares Capital Corp	9,500	$171,190
PSEC	Prospect Capital Corp	65,000	$169,650
BXSL	Blackstone Secured Lending Fund	7,000	$165,830
OCSL	Oaktree Specialty Lending Corp	12,500	$141,250
MSDL	Morgan Stanley Direct Lending Fund	9,500	$132,620
HTGC	Hercules Capital, Inc.	8,000	$118,160
GSBD	Goldman Sachs BDC, Inc.	8,900	$79,032
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
FMX	Mexican Economic Development Inc	6,584	$665,444
SPB	Spectrum Brands Holdings, Inc.	5,000	$295,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 tracked positions · $60,520,688 total · filing declares 26 positions · $60,522,590 · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		Added	2,494,155	+283	$35,142,644	+52.8%	15	unpriced	58.07%
PPLI	People Inc Communication Services	Added	250,000	+203,500	$10,007,500	+450.4%	7	unpriced	16.54%
GNW	Genworth Financial Inc Financial Services	NEW	515,616	NEW	$4,186,801	NEW	1	$8.48	6.92%
CALY	Callaway Golf Co Consumer Cyclical	Reduced	178,700	-274,300	$2,480,356	−53.1%	11	$13.03	4.10%
VYX	NCR Voyix Corp Technology	Added	158,864	+37,500	$1,005,609	−18.8%	17	$17.51	1.66%
SKIL	Skillsoft Corp. Consumer Defensive	Reduced	213,161	-27,500	$914,460	−59.1%	20	$20.07	1.51%
XPOF	Xponential Fitness, Inc. Consumer Cyclical	NEW	150,000	NEW	$903,000	NEW	1	$7.23	1.49%
RIOT	Riot Platforms, Inc. Financial Services	NEW	42,500	NEW	$525,300	NEW	1	$15.34	0.87%
TAC	Transalta Corp Utilities	NEW	40,000	NEW	$524,000	NEW	1	$12.88	0.87%
GOOG	Alphabet Inc. Communication Services	NEW	1,700	NEW	$487,662	NEW	1	$314.16	0.81%
PRGO	PERRIGO Co plc Healthcare	NEW	45,000	NEW	$483,300	NEW	1	$12.95	0.80%
KBR	Kbr, Inc. Industrials	NEW	12,500	NEW	$460,750	NEW	1	$41.07	0.76%
WEX	WEX Inc. Technology	NEW	3,000	NEW	$459,120	NEW	1	$156.31	0.76%
AAPL	Apple Inc. Technology	NEW	1,800	NEW	$456,822	NEW	1	$260.25	0.75%
CNR	Core Natural Resources, Inc. Energy	NEW	4,250	NEW	$445,102	NEW	1	$95.17	0.74%
KD	Kyndryl Holdings, Inc. Technology	NEW	30,000	NEW	$393,600	NEW	1	$17.60	0.65%
FIP	FTAI Infrastructure Inc. Industrials	Added	75,000	+25,000	$370,500	+60.7%	4	$5.37	0.61%
APTV	Aptiv PLC Consumer Cyclical	NEW	3,000	NEW	$208,320	NEW	1	$77.06	0.34%
ARCC	Ares Capital Corp Financial Services	NEW	9,500	NEW	$171,190	NEW	1	$19.36	0.28%
PSEC	Prospect Capital Corp Financial Services	NEW	65,000	NEW	$169,650	NEW	1	$2.74	0.28%
BXSL	Blackstone Secured Lending Fund Financial Services	NEW	7,000	NEW	$165,830	NEW	1	$24.91	0.27%
OCSL	Oaktree Specialty Lending Corp Financial Services	NEW	12,500	NEW	$141,250	NEW	1	$11.97	0.23%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	NEW	9,500	NEW	$132,620	NEW	1	$15.47	0.22%
HTGC	Hercules Capital, Inc. Financial Services	NEW	8,000	NEW	$118,160	NEW	1	$16.34	0.20%
NN	Nextnav Inc. Technology	Reduced	5,500	-19,500	$88,110	−78.8%	4	$13.63	0.15%
GSBD	Goldman Sachs BDC, Inc. Financial Services	NEW	8,900	NEW	$79,032	NEW	1	$9.23	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.