Quincy Lee's Portfolio Activity: March 31, 2026 Insights
Analysis of Quincy Lee's investment activities at Ancient Art (Teton Capital) as of March 31, 2026, highlighting key stock movements and sector shifts.
As of March 31, 2026, Quincy Lee, managing investments for Ancient Art (Teton Capital), demonstrated notable activity in their portfolio, with significant changes observed across various sectors. The total portfolio value stood at $442.64 million, with the top holdings reflecting strategic adjustments in holdings.
Lee's portfolio saw substantial increases in several positions during the quarter. Notably, UPWK (UPWORK INC) experienced a significant 28.42% increase in shares, adding 1,319,095 shares. Similarly, CPNG (COUPANG INC), ULCC (FRONTIER GROUP HLDGS INC), GTLB (GITLAB INC), SPT (SPROUT SOCIAL INC), and MELI (MERCADOLIBRE INC) all reported a 100% increase in shares, indicating new positions or substantial reinvestments. These additions span sectors including Communication Services, Consumer Cyclical, Technology, and Industrials.
Conversely, the portfolio also reflected strategic reductions. IBKR (INTERACTIVE BROKERS GROUP INC) saw an 18.8% decrease in allocation, with a 21.81% reduction in shares (-358,443 shares). SATS (ECHOSTAR CORP) allocation decreased by 3.74% (-21,200 shares). ULCC also showed a decrease of 12.87% (-461,099 shares). Additionally, VLRS (CONTROLADORA VUELA COMP DE A) experienced a substantial 76.83% reduction (-1,347,054 shares), lowering its allocation to just 0.64%. STLA (STELLANTIS N.V) saw an 8.57% reduction (-300,000 shares).
The disclosed holdings do not indicate any fully exited positions. The top holdings cover significant sectors including Financial Services (IBKR), Technology (SATS, GTLB, SPT), Consumer Cyclical (MELI, CPNG), Industrials (ULCC), and others, showcasing a diversified approach despite the reductions in some areas.
For a detailed view of Quincy Lee's investment profile and the specific stocks discussed, readers can explore the investor profile here and the individual stock pages for IBKR here, UPWK here, SATS here, MELI here, STLA here, GTLB here, SPT here, CPNG here, ULCC here, and VLRS here.