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Ararat Capital Management LP

Q4 2025 · Filed 2026-02-17
Market Value
$203M
+8.8%
Holdings
23
+3
New Purchases
3
Added To
9
Closed
5
Reduced
6
Top 10 Concentration
75.9%
Turnover
34.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CFLT 10.45% 0.00% +10.45% $21M
GLBE 6.17% 0.00% +6.17% $13M
RELY 4.77% 0.00% +4.77% $10M
CARG 6.25% 3.01% +3.24% $13M
FLYW 6.23% 5.63% +0.60% $13M
PLOW 7.36% 7.29% +0.07% $15M
USFD 2.54% 2.54% +0.00% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CWH 0.00% 3.75% -3.75% $0
IAS 0.00% 3.64% -3.64% $0
KVYO 0.00% 3.28% -3.28% $0
EWCZ 3.80% 6.66% -2.87% $8M
FROG 0.00% 2.56% -2.56% $0
NCNO 3.14% 5.25% -2.11% $6M
PAYC 0.00% 2.02% -2.02% $0
SGI 4.66% 6.03% -1.37% $9M
GIL 5.47% 6.75% -1.27% $11M
BY 9.35% 10.10% -0.74% $19M
KLC 1.28% 1.96% -0.68% $3M
LZ 9.17% 9.55% -0.37% $19M
FNKO 1.42% 1.69% -0.26% $3M
DRVN 9.27% 9.48% -0.21% $19M
EYE 6.13% 6.23% -0.10% $12M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 4 $41M 20.2%
Mid Cap 8 $65M 31.9%
Small Cap 10 $94M 46.5%
Micro Cap 1 $3M 1.4%

Portfolio Analytics

Avg Market Cap
$4.8B
Median Market Cap
$2.3B
Avg P/E
52.4
Median P/E
29.3
Avg Dividend Yield
0.01%
Avg Beta
1.24
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CFLT 10.45% 701,170 $21M $30.24 +701,170 NEW
2 BY 9.35% 651,196 $19M $29.15 $150K -27,920 -4.1%
3 DRVN 9.27% 1,269,989 $19M $14.82 $1M +172,275 +15.7%
4 LZ 9.17% 1,875,255 $19M $9.93 $816K +159,899 +9.3%
5 PLOW 7.36% 457,720 $15M $32.65 $1M +22,722 +5.2%
6 CARG 6.25% 330,969 $13M $38.35 $7M +179,948 +119.2%
7 FLYW 6.23% 892,850 $13M $14.16 $2M +117,986 +15.2%
8 GLBE 6.17% 318,626 $13M $39.31 +318,626 NEW
9 EYE 6.13% 482,263 $12M $25.82 $826K +83,974 +21.1%
10 GIL 5.47% 177,864 $11M $62.46 -$1M -39,821 -18.3%
11 RELY 4.77% 702,186 $10M $13.80 +702,186 NEW
12 SGI 4.66% 106,002 $9M $89.28 -$2M -27,454 -20.6%
13 EWCZ 3.80% 2,140,700 $8M $3.60 -$5M -974,067 -31.3%
14 NCNO 3.14% 248,900 $6M $25.64 -$3M -112,392 -31.1%
15 USFD 2.54% 68,440 $5M $75.32 $422K +6,667 +10.8%
16 GDDY 2.51% 41,059 $5M $124.08 $302K +6,032 +17.2%
17 FNKO 1.42% 849,041 $3M $3.40 -$258K -65,061 -7.1%
18 KLC 1.28% 601,466 $3M $4.32 -$1M +50,822 +9.2%
19 FROG —% -$5M -101,054 -100.0% SOLD
20 IAS —% -$7M -668,407 -100.0% SOLD
21 CWH —% -$7M -443,116 -100.0% SOLD
22 PAYC —% -$4M -18,126 -100.0% SOLD
23 KVYO —% -$6M -221,107 -100.0% SOLD

New Positions

SymbolValue% Port
CFLT $21M 10.45%
GLBE $13M 6.17%
RELY $10M 4.77%

Sold Out Positions

SymbolValue% Port
KVYO —%
CWH —%
FROG —%
PAYC —%
IAS —%
View SEC EDGAR Filings for Ararat Capital Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms