Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q4 2019)

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 Dec 31, 2019. 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 Q4 2019, the filing reported:

New Buys - None reported

Increases - Upwork Inc., Zillow Group, Inc.

Reductions - Builders FirstSource, Inc., Redfin Corporation, Thor Industries, Inc.

Complete Exits - Fossil Group, Inc., Spirit Airlines, 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
Q4 2019	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-340,709	-46.9%	$9.81K	386,007
Q4 2019	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Sell - Position Exit	-375,677	-100.0%	$0.00	-
Q4 2019	RDFN Redfin Corporation	Redfin Corporation	Sell	-363,075	-12.0%	$56.10K	2,653,931
Q4 2019	SAVE Spirit Airlines, Inc.	Spirit Airlines, Inc.	Sell - Position Exit	-348,304	-100.0%	$0.00	-
Q4 2019	THO Thor Industries, Inc.	Thor Industries, Inc.	Sell	-34,822	-9.8%	$23.93K	322,140
Q4 2019	UPWK Upwork Inc.	Upwork Inc.	Buy	+835,489	+30.6%	$38.04K	3,565,015
Q4 2019	ZG Zillow Group, Inc.	Zillow Group, Inc.	Buy	+25,000	+1.0%	$117.02K	2,558,462