Ararat Capital Management LP

Q3 2025 13F-HR Holdings

Location
Westport, CT
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$186,518
Net value change ($000)
-33,997 (-15.4%)
New positions
2
Sold out positions
0
Turnover %
7.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FLYW 10,492 NEW
KLC 3,656 NEW
SGI 2,172 23.9%
NCNO 2,172 28.5%
Top Reduces (Value $000, Stocks/ETFs)
IASGBX -11,120 -62.1%
CWH -6,894 -49.6%
GIL -4,910 -28.1%
USFD -4,116 -46.5%
PLOW -3,640 -21.1%
KVYO -3,376 -35.5%
GDDY -2,887 -37.6%
FNKO -2,654 -45.8%
CARG -2,568 -31.4%
FROG -2,475 -34.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type