Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q1 2020)

According to the SEC 13F filed on Aug 14, 2026, the Ancient Art (Teton Capital) portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2020. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2020, the filing reported:

New Buys - AdvanSix Inc., Credit Acceptance Corporation, Dell Technologies Inc., Canada Goose Holdings Inc. Subo, Guidewire Software, Inc., and 2 more

Increases - Allegiant Travel Company, Builders FirstSource, Inc., Liberty Media Corp Formula One Group, Interactive Brokers Group, Inc., Redfin Corporation, and 2 more

Reductions - Charter Communications, Inc., Eventbrite, Inc., Alphabet Inc., Zillow Group, Inc., Zillow Group, Inc.

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2020	ALGT Allegiant Travel Company	Allegiant Travel Company	Buy	+184,101	+205.1%	$22.40K	273,853
Q1 2020	ASIX AdvanSix Inc.	AdvanSix Inc.	Buy - Position Entry	+730,465	-	$6.97K	730,465
Q1 2020	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+519,685	+134.6%	$11.08K	905,692
Q1 2020	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy - Position Entry	+20,000	-	$5.11K	20,000
Q1 2020	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-44,817	-47.3%	$21.82K	50,000
Q1 2020	DELL Dell Technologies Inc.	Dell Technologies Inc.	Buy - Position Entry	+300,000	-	$11.87K	300,000
Q1 2020	EB Eventbrite, Inc.	Eventbrite, Inc.	Sell	-229,144	-69.6%	$730.00	100,000
Q1 2020	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy	+1,050,000	+173.8%	$45.04K	1,654,000
Q1 2020	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-5,000	-6.3%	$86.58K	74,460
Q1 2020	GOOS Canada Goose Holdings Inc. Subo	Canada Goose Holdings Inc. Subo	Buy - Position Entry	+554,647	-	$11.03K	554,647
Q1 2020	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Buy - Position Entry	+100,900	-	$8.00K	100,900
Q1 2020	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy	+272,300	+16.8%	$81.66K	1,891,573
Q1 2020	JBLU JetBlue Airways Corporation	JetBlue Airways Corporation	Buy - Position Entry	+725,000	-	$6.49K	725,000
Q1 2020	RDFN Redfin Corporation	Redfin Corporation	Buy	+317,888	+12.0%	$45.83K	2,971,819
Q1 2020	SAVE Spirit Airlines, Inc.	Spirit Airlines, Inc.	Buy - Position Entry	+926,425	-	$11.94K	926,425
Q1 2020	THO Thor Industries, Inc.	Thor Industries, Inc.	Buy	+14,747	+4.6%	$14.21K	336,887
Q1 2020	UPWK Upwork Inc.	Upwork Inc.	Buy	+2,009,644	+56.4%	$35.96K	5,574,659
Q1 2020	Z Zillow Group, Inc.	Zillow Group, Inc.	Sell	-195,159	-70.3%	$2.97K	82,523
Q1 2020	ZG Zillow Group, Inc.	Zillow Group, Inc.	Sell	-192,853	-7.5%	$80.36K	2,365,609