Quincy Lee Portfolio Update: December 2025 Holdings

Ancient Art investor Quincy Lee's portfolio totaled $429 million as of December 31, 2025. This filing details holdings and changes in the portfolio.

Lee's portfolio saw significant increases in UPWK and THRY, with UPWK's share count rising by 8.72% and THRY's by 19.2%. Conversely, holdings in ULCC and VLRS decreased notably, with share reductions of 16.34% and 10.58% respectively. SATS experienced a 15.01% reduction in shares, while STLA saw a modest 1.45% increase.

Lee's largest position remains UPWK at 20.81% allocation, followed by SATS at 13.93% and STLA at 8.62%. For more details on Quincy Lee's investment profile, visit https://www.insiderset.com/investor/quincy-lee-ancient-art. Detailed information on each stock can be found at UPWK, SATS, STLA, ULCC, VLRS, and THRY.