1y return+11.7%S&P 500 +20.9%
3y return+54.8%S&P 500 +68.5%
5y return+8.9%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $126 against $200 in the S&P 500.2
Ararat Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FLYWFlywire Corporation | $20.1M | 9.4% | −20.8% |
| RELYRemitly Global Inc | $19.3M | 9.0% | −15.3% |
| BYByline Bancorp Inc | $18.5M | 8.7% | −21.3% |
| Global E Online LtdCUSIP M5216V106 | $18.1M | 8.5% | +23.6% |
| ITGRInteger Hldgs Corp | $16.7M | 7.8% | +191.3% |
| RALRalliant Corp | $16.6M | 7.8% | New |
| GILGildan Activewear Inc | $16.3M | 7.6% | +28.4% |
| PLOWDouglas Dynamics Inc | $15.1M | 7.1% | −13.2% |
| CARGCargurus Inc | $13.3M | 6.2% | +1.9% |
| FNKOFunko Inc | $12.4M | 5.8% | −15.8% |
| USFDUs Foods Hldg Corp | $10.6M | 5.0% | +4.5% |
| SHCSotera Health Co | $10.5M | 4.9% | New |
| FELEFranklin Elec Inc | $9.7M | 4.5% | New |
| LZLegalzoom Com Inc | $9.6M | 4.5% | −28.5% |
| GDDYGodaddy Inc | $3.3M | 1.6% | |
| OMDAOmada Health Inc | $3.0M | 1.4% | New |
| EYENational Vision Hldgs Inc | $354K | 0.2% | −96.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| USFDUs Foods Hldg Corp | December 31, 2020 | +207.0% | $10.6M |
| BYByline Bancorp Inc | December 31, 2020 | +143.8% | $18.5M |
| PLOWDouglas Dynamics Inc | March 31, 2024 | +123.7% | $15.1M |
| RELYRemitly Global Inc | December 31, 2025 | +62.4% | $19.3M |
| EYENational Vision Hldgs Inc | March 31, 2025 | +48.7% | $354K |
| GILGildan Activewear Inc | March 31, 2024 | +39.0% | $16.3M |
| FLYWFlywire Corporation | September 30, 2025 | +29.8% | $20.1M |
| FNKOFunko Inc | June 30, 2025 | +23.5% | $12.4M |
| ITGRInteger Hldgs Corp | March 31, 2026 | +6.2% | $16.7M |
| GDDYGodaddy Inc | December 31, 2020 | +2.3% | $3.3M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.3% | +14.8% |
| March 31, 2026 | −6.0% | −4.6% |
| December 31, 2025 | −2.3% | +2.4% |
| September 30, 2025 | +2.8% | +7.8% |
| June 30, 2025 | +16.4% | +10.5% |
| March 31, 2025 | −6.1% | −4.6% |
| December 31, 2024 | +2.8% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | −7.3% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +19.8% | +11.2% |
| September 30, 2023 | −3.7% | −3.6% |
| June 30, 2023 | −1.4% | +8.3% |
| March 31, 2023 | +4.8% | +7.0% |
| December 31, 2022 | +7.6% | +7.1% |
| September 30, 2022 | −2.2% | −5.3% |
| June 30, 2022 | −20.7% | −16.5% |
| March 31, 2022 | −10.3% | −4.9% |
| December 31, 2021 | −2.7% | +10.7% |
| September 30, 2021 | −6.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ararat Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1768757&type=13F-HR&dateb=&owner=include&count=40CIK 1768757
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1768757/000176875726000004/Filed August 14, 2026 · accession 0001768757-26-000004