Ancient Art, L.P.
Ancient Art, L.P. is a Texas-based hedge fund and investment adviser firm founded in 2006, headquartered in Austin, TX. The firm manages discretionary assets primarily for a single client (Teton), with assets exceeding $970 million as of December 31, 2024. The team is relatively small, likely fewer than 20 employees, and the firm specializes in long-term fundamental investing using public equities across diverse sectors.
Investment Strategy
Ancient Art, L.P. employs a fundamental, value-oriented investment strategy, focusing on public equities with significant price dislocations or long-term growth prospects. The fund creates concentrated portfolios with high conviction, actively managing positions based on deep research and long-term holding periods. Sectors of focus include finance, technology, real estate, and automotive, with frequent rebalancing based on shifting market conditions and business fundamentals.
Top Holdings
Equity Positions (15)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IBKR | INTERACTIVE BROKERS GROUP IN | 29.41% | $91.1M | 1,643,636 | $48.89 | $55.41 | +$23.0M |
A ALLY | ALLY FINL INC | 16.46% | $51.0M | 1,308,399 | $33.39 | $38.95 | +$14.2M |
U UPWK | UPWORK INC | 16.38% | $50.7M | 3,773,908 | $12.63 | $13.44 | +$1.4M |
S STLA | STELLANTIS N.V | 11.17% | $34.6M | 3,449,412 | $15.69 | $10.03 | -$2.9M |
S SATS | ECHOSTAR CORP | 5.96% | $18.5M | 666,389 | $27.70 | $27.70 | +$18.5M |