Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q2 2026)

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 Jun 30, 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 Q2 2026, the filing reported:

New Buys - Rocket Companies, Inc., Zillow Group, Inc.

Increases - Coupang, Inc., Upwork Inc.

Reductions - Thryv Holdings, Inc., Frontier Group Holdings, Inc.

Complete Exits - MercadoLibre, Inc., EchoStar Corporation

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
Q2 2026	CPNG Coupang, Inc.	Coupang, Inc.	Buy	+1,190,000	+200.1%	$31.00M	1,784,799
Q2 2026	MELI MercadoLibre, Inc.	MercadoLibre, Inc.	Sell - Position Exit	-31,935	-100.0%	$0.00	-
Q2 2026	RKT Rocket Companies, Inc.	Rocket Companies, Inc.	Buy - Position Entry	+1,500,000	-	$23.62M	1,500,000
Q2 2026	SATS EchoStar Corporation	EchoStar Corporation	Sell - Position Exit	-545,189	-100.0%	$0.00	-
Q2 2026	THRY Thryv Holdings, Inc.	Thryv Holdings, Inc.	Sell	-1,183,315	-75.8%	$1.49M	377,593
Q2 2026	ULCC Frontier Group Holdings, Inc.	Frontier Group Holdings, Inc.	Sell	-727,585	-23.3%	$18.95M	2,395,119
Q2 2026	UPWK Upwork Inc.	Upwork Inc.	Buy	+1,268,621	+21.3%	$60.43M	7,228,530
Q2 2026	Z Zillow Group, Inc.	Zillow Group, Inc.	Buy - Position Entry	+2,160,359	-	$68.09M	2,160,359