Ararat Capital Management LP

Q4 2025 13F-HR Holdings

Location
Westport, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
18
Total value ($000)
$202,972
Net value change ($000)
+16,454 (8.8%)
New positions
3
Sold out positions
5
Turnover %
35.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
CFLT 21,203 NEW
GLBE 12,525 NEW
RELY 9,690 NEW
CARG 7,070 125.7%
FLYW 2,151 20.5%
PLOW 1,347 9.9%
DRVN 1,137 6.4%
EYE 826 7.1%
LZ 816 4.6%
USFD 422 8.9%
Top Reduces (Value $000, Stocks/ETFs)
CWH -6,997 -100.0%
IASGBX -6,798 -100.0%
KVYO -6,122 -100.0%
FROG -4,783 -100.0%
EWCZ -4,721 -38.0%
PAYC -3,773 -100.0%
NCNO -3,413 -34.8%
SGI -1,790 -15.9%
GIL -1,473 -11.7%
KLC -1,058 -28.9%
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