Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Ancient Art (Teton Capital) portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 2026, the filing reported:

New Buys - Coupang, Inc., Dlocal, GitLab Inc., MercadoLibre, Inc., Sprout Social, Inc

Increases - Upwork Inc.

Reductions - Interactive Brokers Group, Inc., EchoStar Corporation, Stellantis, Frontier Group Holdings, Inc., Controladora Vuela Compania de

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 2026	CPNG Coupang, Inc.	Coupang, Inc.	Buy - Position Entry	+594,799	-	$11.23M	594,799
Q1 2026	DLO Dlocal	Dlocal	Buy - Position Entry	+10,068	-	$130.58K	10,068
Q1 2026	GTLB GitLab Inc.	GitLab Inc.	Buy - Position Entry	+750,000	-	$16.23M	750,000
Q1 2026	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-358,443	-21.8%	$86.20M	1,285,193
Q1 2026	MELI MercadoLibre, Inc.	MercadoLibre, Inc.	Buy - Position Entry	+31,935	-	$55.22M	31,935
Q1 2026	SATS EchoStar Corporation	EchoStar Corporation	Sell	-21,200	-3.7%	$63.83M	545,189
Q1 2026	SPT Sprout Social, Inc	Sprout Social, Inc	Buy - Position Entry	+2,537,074	-	$14.46M	2,537,074
Q1 2026	STLA Stellantis	Stellantis	Sell	-300,000	-8.6%	$22.68M	3,199,412
Q1 2026	ULCC Frontier Group Holdings, Inc.	Frontier Group Holdings, Inc.	Sell	-461,099	-12.9%	$11.02M	3,122,704
Q1 2026	UPWK Upwork Inc.	Upwork Inc.	Buy	+1,319,095	+28.4%	$65.32M	5,959,909
Q1 2026	VLRS Controladora Vuela Compania de	Controladora Vuela Compania de	Sell	-1,347,054	-76.8%	$2.94M	406,139