AREX Capital Management, LP — 13F Holdings & Portfolio
CIK 1800261 · latest 13F-HR filed 2026-05-15
AREX Capital Management, LP manages $60.5M in 13F-reported U.S. long-equity assets across 26 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are EHAB (58.07%), PPLI (16.54%), GNW (6.92%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 19 new positions and exited 2; 3 existing positions rose in reported value and 4 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-05-15
vs 2025-12-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q1 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q4 25 → Q1 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 92.8%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 31, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ABRAMS, JASON, MARC Control | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER since Aug 2017 | Less than 5% | Individual |
| AREX CAPITAL GP, LLC Control | GENERAL PARTNER since Feb 2017 | Less than 5% | Domestic Entity |
| CLAAR, GARY Control | PARTNER since Feb 2018 | Less than 5% | Individual |
| GECCO CAPITAL, LLC Control | PARTNER since Feb 2018 | 5–10% | Domestic Entity |
| RECHTSCHAFFEN, ANDREW, VICTOR Control | MANAGING MEMBER since Feb 2017 | 75% or more | Individual |
| TOOMEY, VALERIE, STRUMWASSER Control | CHIEF OPERATING OFFICER since Aug 2017 | Less than 5% | Individual |
| RECHTSCHAFFEN, ANDREW, VICTOR Control Indirect owner via AREX CAPITAL GP, LLC | OWNER since Feb 2017 | 75% or more | Individual |
Ownership & leadership changes · 6 filings with changes since Aug 30, 2017
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedRECHTSCHAFFEN, ANDREW, VICTOR · indirect via AREX CAPITAL GP, LLC: ownership 50–75% → 75% or more
- ChangedGECCO CAPITAL, LLC · ownership 10–25% → 5–10%
- ChangedTOOMEY, VALERIE, STRUMWASSER · title HEAD OF OPERATIONS AND PARTNER RELATIONS → CHIEF OPERATING OFFICER
- ChangedRECHTSCHAFFEN, ANDREW, VICTOR · ownership 50–75% → 75% or more
- No longer listedAREX CAPITAL MANAGEMENT GP, LLC · GENERAL PARTNER · Less than 5% · control person · listed since Feb 2017
- No longer listedRECHTSCHAFFEN, ANDREW, VICTOR · OWNER · 75% or more · indirect via AREX CAPITAL MANAGEMENT GP, LLC · control person · listed since Feb 2017
- AddedAREX CAPITAL GP, LLC · GENERAL PARTNER · Less than 5% · control person
- AddedCLAAR, GARY · PARTNER · Less than 5% · control person
- AddedGECCO CAPITAL, LLC · PARTNER · 10–25% · control person
- AddedRECHTSCHAFFEN, ANDREW, VICTOR · OWNER · 50–75% · indirect via AREX CAPITAL GP, LLC · control person
- ChangedRECHTSCHAFFEN, ANDREW, VICTOR · ownership 75% or more → 50–75%
- No longer listedAREX CAPITAL PARTNERS, GP LLC · GENERAL PARTNER · Less than 5% · control person · listed since Aug 2017
- No longer listedRECHTSCHAFFEN, ANDREW, VICTOR · OWNER · 75% or more · indirect via AREX CAPITAL PARTNERS, GP LLC · control person · listed since Feb 2017
- AddedAREX CAPITAL MANAGEMENT GP, LLC · GENERAL PARTNER · Less than 5% · control person
- AddedRECHTSCHAFFEN, ANDREW, VICTOR · OWNER · 75% or more · indirect via AREX CAPITAL MANAGEMENT GP, LLC · control person
- ListedABRAMS, JASON, MARC · CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ListedAREX CAPITAL PARTNERS, GP LLC · GENERAL PARTNER · Less than 5% · control person
- ListedRECHTSCHAFFEN, ANDREW, VICTOR · MANAGING MEMBER · 75% or more · control person
- ListedRECHTSCHAFFEN, ANDREW, VICTOR · OWNER · 75% or more · indirect via AREX CAPITAL PARTNERS, GP LLC · control person
- ListedTOOMEY, VALERIE, STRUMWASSER · HEAD OF OPERATIONS AND PARTNER RELATIONS · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ENHABIT INC$12.1M +52.8%
- IAC INC$8.2M +450.4%
- FTAI INFRASTRUCTURE INC$140.0K +60.7%
Top Trims
- CALLAWAY GOLF CO-$2.8M -53.1%
- SKILLSOFT CORP-$1.3M -59.1%
- NEXTNAV INC-$327.9K -78.8%
- NCR VOYIX CORPORATION-$232.3K -18.8%
New Positions
- GENWORTH FINL INC$4.2M
- XPONENTIAL FITNESS INC$903.0K
- TRANSALTA CORP$525.9K
- RIOT PLATFORMS INC$525.3K
- ALPHABET INC$487.7K
Exited Positions
- FOMENTO ECONOMICO MEXICANO S$665.4K
- SPECTRUM BRANDS HLDGS INC NE$295.4K
AREX Capital Management, LP Holdings (2026-03-31)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ENHABIT INC | EHAB | 29332G102 | $35.1M | 58.07% | 2,494,155 | SH |
| 2 | IAC INC | PPLI | 44891N208 | $10.0M | 16.54% | 250,000 | SH |
| 3 | GENWORTH FINL INC | GNW | 37247D106 | $4.2M | 6.92% | 515,616 | SH |
| 4 | CALLAWAY GOLF CO | CALY | 131193104 | $2.5M | 4.10% | 178,700 | SH |
| 5 | NCR VOYIX CORPORATION | VYX | 62886E108 | $1.0M | 1.66% | 158,864 | SH |
| 6 | SKILLSOFT CORP | SKIL | 83066P309 | $914.5K | 1.51% | 213,161 | SH |
| 7 | XPONENTIAL FITNESS INC | XPOF | 98422X101 | $903.0K | 1.49% | 150,000 | SH |
| 8 | TRANSALTA CORP | TAC | 89346D107 | $525.9K | 0.87% | 40,000 | SH |
| 9 | RIOT PLATFORMS INC | RIOT | 767292105 | $525.3K | 0.87% | 42,500 | SH |
| 10 | ALPHABET INC | GOOG | 02079K107 | $487.7K | 0.81% | 1,700 | SH |
| 11 | PERRIGO CO PLC | PRGO | G97822103 | $483.3K | 0.80% | 45,000 | SH |
| 12 | KBR INC | KBR | 48242W106 | $460.8K | 0.76% | 12,500 | SH |
| 13 | WEX INC | WEX | 96208T104 | $459.1K | 0.76% | 3,000 | SH |
| 14 | APPLE INC | AAPL | 037833100 | $456.8K | 0.75% | 1,800 | SH |
| 15 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $445.1K | 0.74% | 4,250 | SH |
| 16 | KYNDRYL HLDGS INC | KD | 50155Q100 | $393.6K | 0.65% | 30,000 | SH |
| 17 | FTAI INFRASTRUCTURE INC | FIP | 35953C106 | $370.5K | 0.61% | 75,000 | SH |
| 18 | APTIV PLC | APTV | G3265R107 | $208.3K | 0.34% | 3,000 | SH |
| 19 | ARES CAPITAL CORP | ARCC | 04010L103 | $171.2K | 0.28% | 9,500 | SH |
| 20 | PROSPECT CAP CORP | PSEC | 74348T102 | $169.7K | 0.28% | 65,000 | SH |
| 21 | BLACKSTONE SECD LENDING FD | BXSL | 09261X102 | $165.8K | 0.27% | 7,000 | SH |
| 22 | OAKTREE SPECIALTY LENDING | OCSL | 67401P405 | $141.2K | 0.23% | 12,500 | SH |
| 23 | MORGAN STANLEY DIRECT LENDIN | MSDL | 61774A103 | $132.6K | 0.22% | 9,500 | SH |
| 24 | HERCULES CAPITAL INC | HTGC | 427096508 | $118.2K | 0.20% | 8,000 | SH |
| 25 | NEXTNAV INC | NN | 65345N106 | $88.1K | 0.15% | 5,500 | SH |
| 26 | GOLDMAN SACHS BDC INC | GSBD | 38147U107 | $79.0K | 0.13% | 8,900 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $60.5M | 26 | 0001800261-26-000001 |
| 2025-12-31 | 2026-02-17 | $35.2M | 9 | 0000919574-26-001237 |
| 2025-09-30 | 2025-11-14 | $43.4M | 12 | 0000919574-25-006886 |