Quincy Lee - Ancient Art (Teton Capital) 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Ancient Art (Teton Capital) portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Civitas Resources, Inc., iShares Bitcoin Trust ETF

Increases - Alibaba Group Holding Limited, Oscar Health, Inc.

Reductions - Ally Financial Inc., Interactive Brokers Group, Inc., Loma Negra Compania Industrial , Frontier Group Holdings, Inc., Upwork Inc.

Complete Exits - Vital Energy, 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 2024	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-177,983	-8.0%	$74.18M	2,060,007
Q4 2024	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+125,000	+77.3%	$24.30M	286,629
Q4 2024	CIVI Civitas Resources, Inc.	Civitas Resources, Inc.	Buy - Position Entry	+223,500	-	$10.25M	223,500
Q4 2024	IBIT iShares Bitcoin Trust ETF	iShares Bitcoin Trust ETF	Buy - Position Entry	+134,000	-	$7.11M	134,000
Q4 2024	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-10,455	-2.3%	$78.78M	445,909
Q4 2024	LOMA Loma Negra Compania Industrial	Loma Negra Compania Industrial	Sell	-100,862	-6.3%	$17.95M	1,503,275
Q4 2024	OSCR Oscar Health, Inc.	Oscar Health, Inc.	Buy	+1,182,134	+66.8%	$39.66M	2,950,753
Q4 2024	ULCC Frontier Group Holdings, Inc.	Frontier Group Holdings, Inc.	Sell	-2,111,500	-28.0%	$38.51M	5,416,221
Q4 2024	UPWK Upwork Inc.	Upwork Inc.	Sell	-2,418,677	-33.0%	$80.46M	4,921,007
Q4 2024	VTLE Vital Energy, Inc.	Vital Energy, Inc.	Sell - Position Exit	-403,700	-100.0%	$0.00	-