Ararat Capital Management LP
Net buyer this quarter
$213M
17
+$6.69M
78.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 FLYW | $20.1M | 9.42% | 0.94% | -20.8% | Q3 2025 |
 RELY | $19.3M | 9.03% | 0.41% | -15.3% | Q4 2025 |
 BY | $18.5M | 8.65% | 1.09% | -21.4% | Q4 2020 |
 GLBE | $18.1M | 8.46% | 0.31% | +23.6% | Q4 2025 |
 ITGR | $16.7M | 7.84% | 0.53% | +191.3% | Q1 2026 |
 RAL | $16.6M | 7.80% | 0.20% | New | Q2 2026 |
 GIL | $16.3M | 7.64% | 0.17% | +28.4% | Q1 2024 |
 PLOW | $15.1M | 7.06% | 1.21% | -13.2% | Q1 2024 |
 CARG | $13.3M | 6.25% | Not reported | +1.9% | Q3 2021 |
 FNKO | $12.4M | 5.83% | 2116954.00% | -15.8% | Q2 2025 |
 USFD | $10.6M | 4.96% | 0.05% | +4.5% | Q4 2020 |
 SHC | $10.5M | 4.91% | 0.21% | New | Q2 2026 |
 FELE | $9.68M | 4.53% | 0.20% | New | Q2 2026 |
 LZ | $9.62M | 4.51% | 0.94% | -28.5% | Q1 2022 |
 GDDY | $3.33M | 1.56% | 0.03% | +0.3% | Q4 2020 |
 OMDA | $2.97M | 1.39% | 0.22% | New | Q2 2026 |
 EYE | $354K | 0.17% | 0.02% | -96.7% | Q1 2025 |
| Q1 2026 | |||||
| BY | $19.7M | 11.09% | 1.37% | -4.2% | Q4 2020 |
| EWCZ | $17.9M | 10.10% | 4.87% | +44.9% | Q4 2023 |
| FLYW | $16.8M | 9.47% | 1.19% | +61.8% | Q3 2025 |
| RELY | $15.9M | 8.95% | 0.48% | +44.6% | Q4 2025 |
| EYE | $14.7M | 8.27% | 0.71% | +17.6% | Q1 2025 |
| GIL | $13.7M | 7.71% | 0.13% | +38.4% | Q1 2024 |
| PLOW | $13.5M | 7.62% | 1.39% | -29.7% | Q1 2024 |
| CARG | $13.1M | 7.36% | Not reported | +16.0% | Q3 2021 |
| GLBE | $13M | 7.31% | 0.25% | +32.1% | Q4 2025 |
| LZ | $12.4M | 7.00% | 1.27% | +17.0% | Q1 2022 |
| USFD | $9.13M | 5.14% | 0.04% | +44.7% | Q4 2020 |
| FNKO | $7.92M | 4.46% | 2514703.00% | +196.2% | Q2 2025 |
| ITGR | $5.41M | 3.05% | 0.18% | New | Q1 2026 |
| GDDY | $3.24M | 1.82% | 0.03% | -4.7% | Q4 2020 |
 DRVN | $1.16M | 0.65% | 0.06% | -92.8% | Q1 2025 |
| Q4 2025 | |||||
| CFLT | $21.2M | 10.45% | 0.64% | New | Q4 2025 |
| BY | $19M | 9.35% | 1.43% | -4.1% | Q4 2020 |
| DRVN | $18.8M | 9.27% | 0.77% | +15.7% | Q1 2025 |
| LZ | $18.6M | 9.17% | 1.06% | +9.3% | Q1 2022 |
| PLOW | $14.9M | 7.36% | 1.98% | +5.2% | Q1 2024 |
| CARG | $12.7M | 6.25% | Not reported | +119.2% | Q3 2021 |
| FLYW | $12.6M | 6.23% | 0.74% | +15.2% | Q3 2025 |
| GLBE | $12.5M | 6.17% | 0.19% | New | Q4 2025 |
| EYE | $12.5M | 6.13% | 0.61% | +21.1% | Q1 2025 |
| GIL | $11.1M | 5.47% | 0.10% | -18.3% | Q1 2024 |
| RELY | $9.69M | 4.77% | 0.33% | New | Q4 2025 |
 SGI | $9.46M | 4.66% | 0.05% | -20.6% | Q4 2022 |
| EWCZ | $7.71M | 3.80% | 3.36% | -31.3% | Q4 2023 |
 NCNO | $6.38M | 3.14% | 0.22% | -31.1% | Q1 2024 |
| USFD | $5.15M | 2.54% | 0.03% | +10.8% | Q4 2020 |
| GDDY | $5.09M | 2.51% | 0.03% | +17.2% | Q4 2020 |
| FNKO | $2.89M | 1.42% | 849041.00% | -7.1% | Q2 2025 |
 KLC | $2.6M | 1.28% | 0.51% | +9.2% | Q3 2025 |
| Q3 2025 | |||||
| BY | $18.8M | 10.10% | 1.48% | -13.5% | Q4 2020 |
| LZ | $17.8M | 9.55% | 0.96% | -19.8% | Q1 2022 |
| DRVN | $17.7M | 9.48% | 0.67% | +1.0% | Q1 2025 |
| PLOW | $13.6M | 7.29% | 1.89% | -25.6% | Q1 2024 |
| GIL | $12.6M | 6.75% | 0.14% | -38.7% | Q1 2024 |
| EWCZ | $12.4M | 6.66% | 4.89% | +26.3% | Q4 2023 |
| EYE | $11.6M | 6.23% | 0.50% | -21.6% | Q1 2025 |
| SGI | $11.3M | 6.03% | 0.06% | Not reported | Q4 2022 |
| FLYW | $10.5M | 5.63% | 0.64% | New | Q3 2025 |
| NCNO | $9.79M | 5.25% | 0.31% | +32.6% | Q1 2024 |
 CWH | $7M | 3.75% | Not reported | -45.2% | Q1 2024 |
| IAS | $6.8M | 3.64% | 0.40% | -69.0% | Q2 2024 |
 KVYO | $6.12M | 3.28% | Not reported | -21.8% | Q2 2025 |
| CARG | $5.62M | 3.01% | Not reported | -38.3% | Q3 2021 |
| GDDY | $4.79M | 2.57% | 0.03% | -17.9% | Q4 2020 |
 FROG | $4.78M | 2.56% | 0.09% | -38.9% | Q3 2023 |
| USFD | $4.73M | 2.54% | 0.03% | -46.2% | Q4 2020 |
 PAYC | $3.77M | 2.02% | 0.03% | -17.6% | Q4 2023 |
| KLC | $3.66M | 1.96% | 0.47% | New | Q3 2025 |
| FNKO | $3.14M | 1.69% | 914102.00% | -25.0% | Q2 2025 |