Quincy Lee

Net buying

Ancient Art, L.P. — managed by Quincy Lee; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$458.6M (+4%)

Holdings16 (+5)

Top holdingInteractive Brokers Group In

Below band1

New

Added

Exited

13F × valuation

Valuation posture

Of 1 valued US positions, 1 trade below a conservative value band (as of 2026-07-20):

Interactive Brokers Group InIBKR22% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-03-31):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Interactive Brokers Group InIBKR	$86.2M	Below value	8	1,285,193	18.8%	Core 8q
Upwork IncUPWK	$65.3M	—	3	5,959,909	14.2%	Adding 3q
Echostar CorpSATS	$63.8M	—	6	545,189	13.9%	—
Mercadolibre IncMELI	$55.2M	—	13	31,935	12.0%	Big new
Ally Finl IncALLY	$51.3M	—	6	1,308,399	11.2%	Core 8q
Stellantis N.VSTLA	$22.7M	—	6	3,199,412	4.9%	—
Tamboran Res CorpTBN	$21.9M	—	2	437,142	4.8%	No trim 7q
Gitlab IncGTLB	$16.2M	—	3	750,000	3.5%	Big new
Bbb Foods IncTBBB	$16.0M	—	3	451,497	3.5%	Adding 3q
Loma Negra C I A S A Mtn 14LOMA	$15.9M	—	2	1,435,809	3.5%	—
Sprout Social IncSPT	$14.5M	—	1	2,537,074	3.2%	Big new
Coupang IncCPNG	$11.2M	—	10	594,799	2.4%	—
Frontier Group Hldgs IncULCC	$11.0M	—	1	3,122,704	2.4%	—
Thryv Hldgs IncTHRY	$4.3M	—	1	1,560,908	0.9%	No trim 4q
Controladora Vuela Comp De AVLRS	$2.9M	—	1	406,139	0.6%	—
Dlocal LtdDLO	$130,582	—	3	10,068	0.0%	—

Interactive Brokers Group InIBKRCore 8q
Value$86.2MValuationBelow valueHolders8Weight18.8%
Upwork IncUPWKAdding 3q
Value$65.3MValuation—Holders3Weight14.2%
Echostar CorpSATS—
Value$63.8MValuation—Holders6Weight13.9%
Mercadolibre IncMELIBig new
Value$55.2MValuation—Holders13Weight12.0%
Ally Finl IncALLYCore 8q
Value$51.3MValuation—Holders6Weight11.2%
Stellantis N.VSTLA—
Value$22.7MValuation—Holders6Weight4.9%
Tamboran Res CorpTBNNo trim 7q
Value$21.9MValuation—Holders2Weight4.8%
Gitlab IncGTLBBig new
Value$16.2MValuation—Holders3Weight3.5%
Bbb Foods IncTBBBAdding 3q
Value$16.0MValuation—Holders3Weight3.5%
Loma Negra C I A S A Mtn 14LOMA—
Value$15.9MValuation—Holders2Weight3.5%
Sprout Social IncSPTBig new
Value$14.5MValuation—Holders1Weight3.2%
Coupang IncCPNG—
Value$11.2MValuation—Holders10Weight2.4%
Frontier Group Hldgs IncULCC—
Value$11.0MValuation—Holders1Weight2.4%
Thryv Hldgs IncTHRYNo trim 4q
Value$4.3MValuation—Holders1Weight0.9%
Controladora Vuela Comp De AVLRS—
Value$2.9MValuation—Holders1Weight0.6%
Dlocal LtdDLO—
Value$130,582Valuation—Holders3Weight0.0%

What is a superinvestor

About this investor

Portfolio overview

Ancient Art, L.P.'s most recent 13F filing, for the quarter ended 2026-03-31, reports 16 positions worth $458.6M. The top 5 holdings represent 70% of that value, a concentrated portfolio.

The single largest position is Interactive Brokers Group In at 18.8% of the portfolio, followed by Upwork Inc at 14.2% and Echostar Corp at 13.9%.

Against the prior quarter, Quincy Lee opened 5 new positions, exited 0, added to 2, and trimmed 5. The largest new buy was Mercadolibre Inc.

Across all 8 quarters on file, Interactive Brokers Group In has appeared in every filing, as has Upwork Inc. Interactive Brokers Group In currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Quincy Lee has no positions in the strike zone right now. Browse the whole market by value band

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

Stay Updated

New-quarter 13F moves and valuation updates, to your inbox.