Quincy Lee Portfolio Analysis: Concentration in Top Holdings as of March 31, 2026

Analysis of Quincy Lee's portfolio concentration as of March 31, 2026, highlighting major holdings and recent share changes.

By AI Generated.May 16, 2026, 5:32 AM

IBKR

Ancient Art (Teton Capital)

Quincy Lee Portfolio Analysis: Concentration in Top Holdings as of March 31, 2026

As of March 31, 2026, Quincy Lee's portfolio managed by Ancient Art (Teton Capital) totals approximately $442.6 million. This analysis focuses on the concentration in top holdings, which represent a significant portion of the total portfolio value.

The largest position is Interactive Brokers Group Inc (IBKR), holding 1,285,193 shares valued at $86.2 million, accounting for 18.8% of the portfolio. Quincy Lee reduced his stake in Interactive Brokers compared to the previous period, decreasing shares by 358,443 (-21.81%) and lowering its portfolio allocation.

UPWK (Upwork Inc) is the second-largest holding, with 5,959,909 shares valued at $65.3 million (14.24% allocation). Lee significantly increased his position in Upwork, adding 1,319,095 shares (+28.42%) since the last reporting period.

Echostar Corp (SATS) follows with a substantial 13.92% allocation, comprising 545,189 shares valued at $63.8 million. There was a slight reduction in shares (-3.74%) during the period.

Mercadolibre Inc (MELI) represents 12.04% of the portfolio, with 31,935 shares valued at $55.2 million. Lee significantly boosted his stake in Mercadolibre by acquiring all 31,935 shares (+100%) since the prior period.

Stellantis N.V. (STLA) holds a 4.95% allocation, valued at $22.7 million. Lee decreased his stake in Stellantis, reducing shares by 300,000 (-8.57%) and its portfolio percentage.

The remaining holdings, including GitLab Inc (GTLB), Sprout Social Inc (SPT), Coupa Networks Inc (CPNG), Frontier Group Holdings Inc (ULCC), and Controladora Vuela Comp de A (VLRS), each hold allocations below 4%. Lee significantly increased positions in several small-cap stocks during the period, including GitLab (+100%), Sprout Social (+100%), Coupa Networks (+100%), and Frontier Group Holdings (+2.43% allocation, though shares decreased).

Overall, Quincy Lee's portfolio exhibits significant concentration in a select number of stocks, particularly Interactive Brokers, Upwork, Echostar, and Mercadolibre. Recent changes show both reductions in established positions and significant increases in others, including several new or substantially increased small-cap holdings.