Q4 2025 · 13F-HR
Ararat Capital Management LPholdings as filed
Filed 2026-02-17 · accession 0001768757-26-000001
$203.0M
Reported value
18
Positions
2025-12-31
Period end
The Brief · Ararat Capital Management LP · Q4 2025
AI · grounded in 13F
Ararat Capital Management LP established a new position in Confluent Inc 8QR valued at $21.2M. The fund also initiated new stakes in Byline Bancorp Inc BY for $19.0M and Driven Brands Hldgs Inc DRVN for $18.8M. Additional new positions include LegalZoom Com Inc LZ at $18.6M and Douglas Dynamics Inc PLOW at $14.9M. The fund ended the period with 18 positions and total AUM of $203.0M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 20717M103 | 8QR | CONFLUENT INC | $21.2M | 10.4% | 701,170 | Common | SOLE |
| 124411109 | BY | BYLINE BANCORP INC | $19.0M | 9.35% | 651,196 | Common | SOLE |
| 26210V102 | DRVN | DRIVEN BRANDS HLDGS INC | $18.8M | 9.27% | 1,269,989 | Common | SOLE |
| 52466B103 | LZ | LEGALZOOM COM INC | $18.6M | 9.17% | 1,875,255 | Common | SOLE |
| 25960R105 | PLOW | DOUGLAS DYNAMICS INC | $14.9M | 7.36% | 457,720 | Common | SOLE |
| 141788109 | CARG | CARGURUS INC | $12.7M | 6.25% | 330,969 | Common | SOLE |
| 302492103 | FLYW | FLYWIRE CORPORATION | $12.6M | 6.23% | 892,850 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $12.5M | 6.17% | 318,626 | Common | SOLE |
| 63845R107 | EYE | NATIONAL VISION HLDGS INC | $12.5M | 6.13% | 482,263 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $11.1M | 5.47% | 177,864 | Common | SOLE |
| 75960P104 | RELY | REMITLY GLOBAL INC | $9.7M | 4.77% | 702,186 | Common | SOLE |
| 88023U101 | SGI | SOMNIGROUP INTERNATIONAL INC | $9.5M | 4.66% | 106,002 | Common | SOLE |
| 29882P106 | EWCZ | EUROPEAN WAX CTR INC | $7.7M | 3.80% | 2,140,700 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $6.4M | 3.14% | 248,900 | Common | SOLE |
| 912008109 | USFD | US FOODS HLDG CORP | $5.2M | 2.54% | 68,440 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC | $5.1M | 2.51% | 41,059 | Common | SOLE |
| 361008105 | FNKO | FUNKO INC | $2.9M | 1.42% | 849,041 | Common | SOLE |
| 49456W105 | KLC | KINDERCARE LEARNING COMPANIE | $2.6M | 1.28% | 601,466 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.