Arex Capital Management, L.P. 13F annual report

Arex Capital Management, L.P. is an investment fund managing more than $87.5 billion ran by Jason Abrams. There are currently 13 companies in Mr. Abrams’s portfolio. The largest investments include Cannae Inc and Enhabit, together worth $44.9 billion.

$87.5 billion Assets Under Management (AUM)

As of 7th August 2024, Arex Capital Management, L.P.’s top holding is 1,260,539 shares of Cannae Inc currently worth over $22.9 billion and making up 26.1% of the portfolio value. Relative to the number of outstanding shares of Cannae Inc, Arex Capital Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 2,472,662 shares of Enhabit worth $22.1 billion, whose value fell 8.3% in the past six months. The third-largest holding is The Odp Corp worth $9.44 billion and the next is Topgolf Callaway Brands Corp worth $7.38 billion, with 482,197 shares owned.

Currently, Arex Capital Management, L.P.'s portfolio is worth at least $87.5 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Arex Capital Management, L.P.

The Arex Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jason Abrams serves as the Chief Financial Officer & Chief Compliance Officer at Arex Capital Management, L.P..

Recent trades

In the most recent 13F filing, Arex Capital Management, L.P. revealed that it had opened a new position in Fortrea Hldgs Inc and bought 22,500 shares worth $525 million.

The investment fund also strengthened its position in Cannae Inc by buying 432,260 additional shares. This makes their stake in Cannae Inc total 1,260,539 shares worth $22.9 billion. Cannae Inc dropped 3.5% in the past year.

On the other hand, Jason Abrams disclosed a decreased stake in KBR Inc by approximately 0.1%. This leaves the value of the investment at $6.57 billion and 102,500 shares.

One of the smallest hedge funds

The two most similar investment funds to Arex Capital Management, L.P. are Bluedrive Global Investors LL.P. and Account Management. They manage $87.6 billion and $87.7 billion respectively.

Jason Abrams investment strategy

Arex Capital Management, L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Finance — making up 26.1% of the total portfolio value. The fund focuses on investments in the United States as 30.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $3.64 billion.

The complete list of Arex Capital Management, L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Cannae Holdings Inc	52.19% 1,260,539	$22,866,177,000	26.12%
Enhabit, Inc.	2.46% 2,472,662	$22,056,145,000	25.19%
The Odp Corp	26.25% 240,500	$9,444,435,000	10.79%
Topgolf Callaway Brands Corp	225.95% 482,197	$7,377,614,000	8.43%
KBR Inc	6.82% 102,500	$6,574,350,000	7.51%
Ncr Voyix Corporation	16.94% 515,000	$6,360,250,000	7.26%
Ncr Atleos Corporation	55.36% 187,500	$5,066,250,000	5.79%
Orthofix Med Inc	5.68% 232,500	$3,082,950,000	3.52%
Spectrum Brands Hldgs Inc Ne	52.50% 28,500	$2,449,005,000	2.80%
Skillsoft Corp	12.67% 83,744	$1,158,180,000	1.32%
Fortrea Hldgs Inc	Opened 22,500	$525,150,000	0.60%
Chemours Company	Opened 15,000	$338,550,000	0.39%
Dayforce Inc	Opened 5,030	$249,488,000	0.28%
No transactions found
Showing first 500 out of 13 holdings