Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q4 2023)

According to the SEC 13F filed on Feb 14, 2024, the Ancient Art (Teton Capital) portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2023. 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 2023, the filing reported:

New Buys - Expedia Group, Inc.

Increases - Ally Financial Inc., Oscar Health, Inc., Spirit Airlines, Inc., Frontier Group Holdings, Inc., Vital Energy, Inc.

Reductions - Amazon.com, Inc., Meta Platforms, Inc., SEMrush Holdings, Inc., Upwork 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
Q4 2023	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+93,420	+6.0%	$57.49M	1,646,222
Q4 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-45,000	-20.0%	$27.35M	180,000
Q4 2023	EXPE Expedia Group, Inc.	Expedia Group, Inc.	Buy - Position Entry	+296,257	-	$44.97M	296,257
Q4 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-10,500	-12.3%	$26.41M	74,612
Q4 2023	OSCR Oscar Health, Inc.	Oscar Health, Inc.	Buy	+936,763	+33.5%	$34.13M	3,729,904
Q4 2023	SAVE Spirit Airlines, Inc.	Spirit Airlines, Inc.	Buy	+440,332	+31.8%	$29.92M	1,825,295
Q4 2023	SEMR SEMrush Holdings, Inc.	SEMrush Holdings, Inc.	Sell	-933,148	-25.5%	$37.19M	2,722,522
Q4 2023	ULCC Frontier Group Holdings, Inc.	Frontier Group Holdings, Inc.	Buy	+700,000	+8.8%	$47.29M	8,661,321
Q4 2023	UPWK Upwork Inc.	Upwork Inc.	Sell	-268,279	-4.6%	$83.12M	5,589,636
Q4 2023	VLRS Controladora Vuela Compania de	Controladora Vuela Compania de	Sell	-13,080	-3.2%	$3.74M	399,168
Q4 2023	VTLE Vital Energy, Inc.	Vital Energy, Inc.	Buy	+36,997	+11.7%	$16.09M	353,700