Ararat Capital Management LP

WESTPORT, CT · CIK 1768757 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2020 · corporation

Assets managed$358.6m
Staff7 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $358.6m gross assets
Websiteararatcapital.com
Form ADV · 2026-03-31SEC adviser record

$213.5m reported value +20.2% vs Q1 2026

17positions

78.0%in top 10

4 new 6 added 7 reduced 2 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	FLYWIRE CORPORATION COM VTG FLYW	FLYW	1,144,903	$20.1m9.42%	9.42%	Reduced -299.9k	-299,881 -20.8%
2	REMITLY GLOBAL INC COM RELY	RELY	859,890	$19.3m9.03%	9.03%	Reduced -155.1k	-155,101 -15.3%
3	BYLINE BANCORP INC COM BY	BY	490,609	$18.5m8.65%	8.65%	Reduced -133.2k	-133,163 -21.4%
4	GLOBAL E ONLINE LTD SHS GLBE	GLBE	519,947	$18.1m8.46%	8.46%	Added +99.2k	+99,206 23.6%
5	INTEGER HLDGS CORP COM ITGR	ITGR	179,039	$16.7m7.84%	7.84%	Added +117.6k	+117,571 191.3%
6	RALLIANT CORP COM RAL	RAL	226,080	$16.6m7.80%	7.80%	New
7	GILDAN ACTIVEWEAR INC COM GIL	GIL	316,073	$16.3m7.64%	7.64%	Added +70.0k	+69,996 28.4%
8	DOUGLAS DYNAMICS INC COM PLOW	PLOW	279,440	$15.1m7.06%	7.06%	Reduced -42.3k	-42,321 -13.2%
9	CARGURUS INC COM CL A CARG	CARG	391,283	$13.3m6.25%	6.25%	Added +7.4k	+7,430 1.9%
10	FUNKO INC COM CL A FNKO	FNKO	2,116,954	$12.4m5.83%	5.83%	Reduced -397.7k	-397,749 -15.8%
11	US FOODS HLDG CORP COM USFD	USFD	103,467	$10.6m4.96%	4.96%	Added +4.4k	+4,448 4.5%
12	SOTERA HEALTH CO COM SHC	SHC	590,362	$10.5m4.91%	4.91%	New
13	FRANKLIN ELEC INC COM FELE	FELE	90,308	$9.7m4.53%	4.53%	New
14	LEGALZOOM COM INC COM LZ	LZ	1,569,055	$9.6m4.51%	4.51%	Reduced -625.2k	-625,216 -28.5%
15	GODADDY INC CL A GDDY	GDDY	39,236	$3.3m1.56%	1.56%	Added +98	+98 0.2%
16	OMADA HEALTH INC COM OMDA	OMDA	135,300	$3.0m1.39%	1.39%	New
17	NATIONAL VISION HLDGS INC COM EYE	EYE	18,641	$354.4k0.17%	0.17%	Reduced -548.5k	-548,502 -96.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EUROPEAN WAX CTR INC EWCZ	EWCZ	3,102,117	$17.9m3.1m shares
DRIVEN BRANDS HLDGS INC DRVN	DRVN	91,624	$1.2m91.6k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
EUROPEAN WAX CTR INC EWCZ · 13G · filed 2026-04-10	EWCZ	7.0%	+2.0 pts	13G	2026-04-10