Quincy Lee

Mostly held

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

Data as of 2026-06-30 (filed 2026-08-14) · Source: SEC EDGAR

Portfolio value$489.4M (+7%)

Holdings16

Top holdingInteractive Brokers Group In

Below band1

New

Added

Exited

By what price implies: 0 demand a demanding growth rate, 3 modest.

13F × valuation

Valuation posture

Of 2 valued US positions, 1 trade below a conservative value band (as of 2026-09-03):

Interactive Brokers Group InIBKR26% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Interactive Brokers Group InIBKR	$111.9M	Below value	10	1,285,193	22.9%	Core 8q
Zillow Group IncZ	$68.1M	—	2	2,160,359	13.9%	Big new
Upwork IncUPWK	$60.4M	—	3	7,228,530	12.3%	Adding 4q
Ally Finl IncALLY	$60.1M	Below value· unconf.	6	1,308,399	12.3%	Core 8q
Coupang IncCPNG	$31.0M	—	11	1,784,799	6.3%	Big new
Rocket Cos IncRKT	$23.6M	—	8	1,500,000	4.8%	Big new
Gitlab IncGTLB	$22.9M	—	3	750,000	4.7%	—
Sprout Social IncSPT	$19.2M	—	1	2,537,074	3.9%	—
Frontier Group Hldgs IncULCC	$18.9M	—	1	2,395,119	3.9%	—
Bbb Foods IncTBBB	$18.8M	—	3	451,497	3.8%	No trim 4q
Stellantis N.VSTLA	$18.4M	—	4	3,199,412	3.8%	—
Loma Negra C I A S A Mtn 14LOMA	$16.4M	—	1	1,435,809	3.4%	—
Tamboran Res CorpTBN	$14.2M	—	2	437,142	2.9%	No trim 8q
Controladora Vuela Comp De AVLRS	$3.8M	—	1	406,139	0.8%	—
Thryv Hldgs IncTHRY	$1.5M	—	1	377,593	0.3%	—
Dlocal LtdDLO	$130,834	—	3	10,068	0.0%	—

Interactive Brokers Group InIBKRCore 8q
Value$111.9MValuationBelow valueHolders10Weight22.9%
Zillow Group IncZBig new
Value$68.1MValuation—Holders2Weight13.9%
Upwork IncUPWKAdding 4q
Value$60.4MValuation—Holders3Weight12.3%
Ally Finl IncALLYCore 8q
Value$60.1MValuationBelow value· unconf.Holders6Weight12.3%
Coupang IncCPNGBig new
Value$31.0MValuation—Holders11Weight6.3%
Rocket Cos IncRKTBig new
Value$23.6MValuation—Holders8Weight4.8%
Gitlab IncGTLB—
Value$22.9MValuation—Holders3Weight4.7%
Sprout Social IncSPT—
Value$19.2MValuation—Holders1Weight3.9%
Frontier Group Hldgs IncULCC—
Value$18.9MValuation—Holders1Weight3.9%
Bbb Foods IncTBBBNo trim 4q
Value$18.8MValuation—Holders3Weight3.8%
Stellantis N.VSTLA—
Value$18.4MValuation—Holders4Weight3.8%
Loma Negra C I A S A Mtn 14LOMA—
Value$16.4MValuation—Holders1Weight3.4%
Tamboran Res CorpTBNNo trim 8q
Value$14.2MValuation—Holders2Weight2.9%
Controladora Vuela Comp De AVLRS—
Value$3.8MValuation—Holders1Weight0.8%
Thryv Hldgs IncTHRY—
Value$1.5MValuation—Holders1Weight0.3%
Dlocal LtdDLO—
Value$130,834Valuation—Holders3Weight0.0%

Exited this quarter (2)Echostar Corp、Mercadolibre Inc

What is a superinvestor

About this investor

Portfolio overview

Ancient Art, L.P.'s most recent 13F filing, for the quarter ended 2026-06-30, reports 16 positions worth $489.4M. The top 5 holdings represent 68% of that value, a concentrated portfolio.

The single largest position is Interactive Brokers Group In at 22.9% of the portfolio, followed by Zillow Group Inc at 13.9% and Upwork Inc at 12.3%.

Against the prior quarter, Quincy Lee opened 2 new positions, exited 2, added to 2, and trimmed 2. The largest new buy was Zillow Group Inc. The most notable sale was the full exit from Echostar Corp.

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 2026-06-30 · filed 2026-08-14

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