Latest Ararat Capital Management, LP Stock Portfolio

Ararat Capital Management, LP Performance:

2025 Q4: -1.54%YTD: 5.3%2024: 6.14%

Performance for 2025 Q4 is -1.54%, and YTD is 5.3%, and 2024 is 6.14%.

About Ararat Capital Management, LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Ararat Capital Management LP reported an equity portfolio of $203 Millions as of 31 Dec, 2025.

The top stock holdings of Ararat Capital Management LP are CFLT, BY, . The fund has invested 10.4% of it's portfolio in CONFLUENT INC and 9.3% of portfolio in BYLINE BANCORP INC.

The fund managers got completely rid off CAMPING WORLD HLDGS INC (CWH), INTEGRAL AD SCIENCE HLDNG CO (IAS) and KLAVIYO INC stocks. They significantly reduced their stock positions in EUROPEAN WAX CTR INC (EWCZ), NCINO INC (NCNO) and SOMNIGROUP INTERNATIONAL INC (TPX). Ararat Capital Management LP opened new stock positions in CONFLUENT INC (CFLT), GLOBAL E ONLINE LTD (GLBE) and REMITLY GLOBAL INC (RELY). The fund showed a lot of confidence in some stocks as they added substantially to CARGURUS INC (CARG), NATIONAL VISION HLDGS INC (EYE) and GODADDY INC (GDDY).

Ararat Capital Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Ararat Capital Management LP made a return of -1.54% in the last quarter. In trailing 12 months, it's portfolio return was 5.3%.

Performance
S&P 500

New Buys

Ticker	$ Bought
confluent inc	21,203,400
global e online ltd	12,525,200
remitly global inc	9,690,170

New stocks bought by Ararat Capital Management, LP

Additions

Ticker	% Inc.
cargurus inc	119
national vision hldgs inc	21.08
godaddy inc	17.22
driven brands hldgs inc	15.69
flywire corporation	15.23
us foods hldg corp	10.79
legalzoom com inc	9.32
kindercare learning companie	9.23

Additions to existing portfolio by Ararat Capital Management, LP

Reductions

Ticker	% Reduced
european wax ctr inc	-31.27
ncino inc	-31.11
somnigroup international inc	-20.57
gildan activewear inc	-18.29
funko inc	-7.12
byline bancorp inc	-4.11

Ararat Capital Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
integral ad science hldng co	-6,797,700
camping world hldgs inc	-6,996,800
klaviyo inc	-6,122,450
jfrog ltd	-4,782,890
paycom software inc	-3,772,750

Ararat Capital Management, LP got rid off the above stocks

Sector Distribution

Ararat Capital Management LP has about 27.1% of it's holdings in Technology sector.

Sector	%
Technology	27.1
Consumer Cyclical	25.8
Others	22.2
Financial Services	9.4
Industrials	9.2
Consumer Defensive	6.3

Market Cap. Distribution

Ararat Capital Management LP has about 20.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	39.1
UNALLOCATED	22.2
LARGE-CAP	20.2
MID-CAP	17.2
MICRO-CAP	1.4

Stocks belong to which Index?

About 54.5% of the stocks held by Ararat Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	54.5
Others	45.5

Top 5 Winners (%)		%
GIL	gildan activewear inc	7.3 %
TPX	somnigroup international inc	5.3 %
BY	byline bancorp inc	5.0 %
PLOW	douglas dynamics inc	4.3 %
FLYW	flywire corporation	4.3 %

Top 5 Winners ($)		$
BY	byline bancorp inc	0.9 M
GIL	gildan activewear inc	0.9 M
PLOW	douglas dynamics inc	0.6 M
TPX	somnigroup international inc	0.6 M
FLYW	flywire corporation	0.5 M

Top 5 Losers (%)		%
	kindercare learning companie	-34.0 %
EYE	national vision hldgs inc	-10.7 %
GDDY	godaddy inc	-8.7 %
EWCZ	european wax ctr inc	-8.3 %
	driven brands hldgs inc	-7.5 %

Top 5 Losers ($)		$
	driven brands hldgs inc	-1.5 M
EYE	national vision hldgs inc	-1.5 M
	kindercare learning companie	-1.3 M
EWCZ	european wax ctr inc	-1.0 M
LZ	legalzoom com inc	-0.8 M

Ararat Capital Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Ararat Capital Management, LP

Ararat Capital Management LP has 18 stocks in it's portfolio. About 75.9% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. BY was the most profitable stock for Ararat Capital Management LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
BY	byline bancorp inc	9.35	651,196	18,982,400	reduced	-4.11

CARG	cargurus inc	6.25	330,969	12,692,700	added	119

CFLT	confluent inc	10.45	701,170	21,203,400	new

CWH	camping world hldgs inc	0.00	0.00	0.00	sold off	-100

EWCZ	european wax ctr inc	3.80	2,140,700	7,706,520	reduced	-31.27

EYE	national vision hldgs inc	6.14	482,263	12,452,000	added	21.08

FLYW	flywire corporation	6.23	892,850	12,642,800	added	15.23

FNKO	funko inc	1.42	849,041	2,886,740	reduced	-7.12

FROG	jfrog ltd	0.00	0.00	0.00	sold off	-100

GDDY	godaddy inc	2.51	41,059	5,094,600	added	17.22

GIL	gildan activewear inc	5.47	177,864	11,109,400	reduced	-18.29

GLBE	global e online ltd	6.17	318,626	12,525,200	new

IAS	integral ad science hldng co	0.00	0.00	0.00	sold off	-100

LZ	legalzoom com inc	9.17	1,875,260	18,621,300	added	9.32

NCNO	ncino inc	3.14	248,900	6,381,800	reduced	-31.11

PAYC	paycom software inc	0.00	0.00	0.00	sold off	-100

PLOW	douglas dynamics inc	7.36	457,720	14,944,600	added	5.22

RELY	remitly global inc	4.77	702,186	9,690,170	new

TPX	somnigroup international inc	4.66	106,002	9,463,860	reduced	-20.57

USFD	us foods hldg corp	2.54	68,440	5,154,900	added	10.79