Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q3 2021)

According to the SEC 13F filed on Nov 15, 2021, the Ancient Art (Teton Capital) portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2021. 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 Q3 2021, the filing reported:

New Buys - Interface, Inc., Frontier Group Holdings, Inc.

Increases - Alibaba Group Holding Limited, Energy Transfer LP, Uber Technologies, Inc.

Reductions - Builders FirstSource, Inc., Meta Platforms, Inc., SEMrush Holdings, Inc., Upwork Inc., Wells Fargo & Company

Complete Exits - Alphabet Inc.

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
Q3 2021	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+260,000	+86.7%	$82.91K	560,000
Q3 2021	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-74,863	-5.8%	$62.58K	1,209,535
Q3 2021	ET Energy Transfer LP	Energy Transfer LP	Buy	+1,300,000	+116.4%	$23.15K	2,416,511
Q3 2021	GOOG Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-26,460	-100.0%	$0.00	-
Q3 2021	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-50,000	-13.7%	$106.91K	315,000
Q3 2021	SEMR SEMrush Holdings, Inc.	SEMrush Holdings, Inc.	Sell	-45,117	-1.9%	$54.69K	2,371,780
Q3 2021	TILE Interface, Inc.	Interface, Inc.	Buy - Position Entry	+20,136	-	$305.00	20,136
Q3 2021	UBER Uber Technologies, Inc.	Uber Technologies, Inc.	Buy	+125,000	+15.5%	$41.81K	933,238
Q3 2021	ULCC Frontier Group Holdings, Inc.	Frontier Group Holdings, Inc.	Buy - Position Entry	+86,394	-	$1.36K	86,394
Q3 2021	UPWK Upwork Inc.	Upwork Inc.	Sell	-296,934	-25.5%	$39.01K	866,386
Q3 2021	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-100,566	-6.5%	$67.15K	1,446,811