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

According to the SEC 13F filed on Feb 14, 2025, the Ancient Art (Teton Capital) portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2024. 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	-