Ararat Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Ararat Capital Management LP disclosed 20 US equity positions worth $186.5m in its Q3 2025 13F filing. The largest position was BY at 10.1% of the reported book, followed by LZ and DRVN. Against the Q2 2025 filing, it opened 2 new positions, added to 3 and reduced 14 among the top 20 holdings.
What did Ararat Capital Management LP own in Q3 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BY BYLINE BANCORP INC | Financial Services | 10.1% | $18.8m | 679,116 | -14% | reduced |
| 2 | LZ LEGALZOOM COM INC | Industrials | 9.5% | $17.8m | 1,715,356 | -20% | reduced |
| 3 | DRVN DRIVEN BRANDS HLDGS INC | Consumer Cyclical | 9.5% | $17.7m | 1,097,714 | 1% | added |
| 4 | PLOW DOUGLAS DYNAMICS INC | Consumer Cyclical | 7.3% | $13.6m | 434,998 | -26% | reduced |
| 5 | GIL GILDAN ACTIVEWEAR INC | Consumer Cyclical | 6.7% | $12.6m | 217,685 | -39% | reduced |
| 6 | EWCZ EUROPEAN WAX CTR INC | 6.7% | $12.4m | 3,114,767 | 26% | added | |
| 7 | EYE NATIONAL VISION HLDGS INC | Consumer Cyclical | 6.2% | $11.6m | 398,289 | -22% | reduced |
| 8 | SGI SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 6.0% | $11.3m | 133,456 | 0% | held |
| 9 | FLYW FLYWIRE CORPORATION | Technology | 5.6% | $10.5m | 774,864 | – | new |
| 10 | NCNO NCINO INC | Technology | 5.3% | $9.8m | 361,292 | 33% | added |
| 11 | CWH CAMPING WORLD HLDGS INC | Consumer Cyclical | 3.8% | $7.0m | 443,116 | -45% | reduced |
| 12 | IAS INTEGRAL AD SCIENCE HLDNG CO | 3.6% | $6.8m | 668,407 | -69% | reduced | |
| 13 | KVYO KLAVIYO INC | Technology | 3.3% | $6.1m | 221,107 | -22% | reduced |
| 14 | CARG CARGURUS INC | Communication Services | 3.0% | $5.6m | 151,021 | -38% | reduced |
| 15 | GDDY GODADDY INC | Technology | 2.6% | $4.8m | 35,027 | -18% | reduced |
| 16 | FROG JFROG LTD | Technology | 2.6% | $4.8m | 101,054 | -39% | reduced |
| 17 | USFD US FOODS HLDG CORP | Consumer Defensive | 2.5% | $4.7m | 61,773 | -46% | reduced |
| 18 | PAYC PAYCOM SOFTWARE INC | Technology | 2.0% | $3.8m | 18,126 | -18% | reduced |
| 19 | KLC KINDERCARE LEARNING COMPANIE | 2.0% | $3.7m | 550,644 | – | new | |
| 20 | FNKO FUNKO INC | Consumer Cyclical | 1.7% | $3.1m | 914,102 | -25% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.