AREX Capital Management, LP

NEW YORK, NY · CIK 1800261 · 13F filing filed 2026-05-15

SEC-registered investment adviser since 2017 · limited partnership

Assets managed$99.4m
Staff6 · 3 in investment roles
Main clients (by assets)Private funds 76%
Private funds2 (2 hedge) · $74.8m gross assets
Websitearexcapital.com
Form ADV · 2026-03-31SEC adviser record

Legal entityAREX CAPITAL MANAGEMENT LP (US)

Kindhedge funds, futures
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 2

$60.5m reported value +72.0% vs Q4 2025

26positions

92.8%in top 10

19 new 4 added 3 reduced 2 sold out vs Q4 2025

Holdings, Q1 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	ENHABIT INC COM EHAB	EHAB	2,494,155	$35.1m58.07%	58.07%	Added +283	+283 0.0%
2	IAC INC COM NEW PPLI	PPLI	250,000	$10.0m16.54%	16.54%	Added +203.5k	+203,500 437.6%
3	GENWORTH FINL INC COM SHS GNW	GNW	515,616	$4.2m6.92%	6.92%	New
4	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	178,700	$2.5m4.10%	4.10%	Reduced -274.3k	-274,300 -60.5%
5	NCR VOYIX CORPORATION COM VYX	VYX	158,864	$1.0m1.66%	1.66%	Added +37.5k	+37,500 30.9%
6	SKILLSOFT CORP CL A SKIL	SKIL	213,161	$914.5k1.51%	1.51%	Reduced -27.5k	-27,500 -11.4%
7	XPONENTIAL FITNESS INC COM CL A XPOF	XPOF	150,000	$903.0k1.49%	1.49%	New
8	TRANSALTA CORP COM TAC	TAC	40,000	$525.9k0.87%	0.87%	New
9	RIOT PLATFORMS INC COM RIOT	RIOT	42,500	$525.3k0.87%	0.87%	New
10	ALPHABET INC CAP STK CL C GOOG	GOOG	1,700	$487.7k0.81%	0.81%	New
11	PERRIGO CO PLC SHS PRGO	PRGO	45,000	$483.3k0.80%	0.80%	New
12	KBR INC COM KBR	KBR	12,500	$460.8k0.76%	0.76%	New
13	WEX INC COM WEX	WEX	3,000	$459.1k0.76%	0.76%	New
14	APPLE INC COM AAPL	AAPL	1,800	$456.8k0.75%	0.75%	New
15	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	4,250	$445.1k0.74%	0.74%	New
16	KYNDRYL HLDGS INC COMMON STOCK KD	KD	30,000	$393.6k0.65%	0.65%	New
17	FTAI INFRASTRUCTURE INC COMMON STOCK FIP	FIP	75,000	$370.5k0.61%	0.61%	Added +25.0k	+25,000 50.0%
18	APTIV PLC COM SHS APTV	APTV	3,000	$208.3k0.34%	0.34%	New
19	ARES CAPITAL CORP COM ARCC	ARCC	9,500	$171.2k0.28%	0.28%	New
20	PROSPECT CAP CORP COM PSEC	PSEC	65,000	$169.7k0.28%	0.28%	New
21	BLACKSTONE SECD LENDING FD COMMON STOCK BXSL	BXSL	7,000	$165.8k0.27%	0.27%	New
22	OAKTREE SPECIALTY LENDING CO COM OCSL	OCSL	12,500	$141.2k0.23%	0.23%	New
23	MORGAN STANLEY DIRECT LENDIN COM SHS MSDL	MSDL	9,500	$132.6k0.22%	0.22%	New
24	HERCULES CAPITAL INC COM HTGC	HTGC	8,000	$118.2k0.20%	0.20%	New
25	NEXTNAV INC COMMON STOCK NN	NN	5,500	$88.1k0.15%	0.15%	Reduced -19.5k	-19,500 -78.0%
26	GOLDMAN SACHS BDC INC SHS GSBD	GSBD	8,900	$79.0k0.13%	0.13%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
FOMENTO ECONOMICO MEXICANO S FMX	FMX	6,584	$665.4k6.6k shares
SPECTRUM BRANDS HLDGS INC NE SPB	SPB	5,000	$295.4k5.0k shares