Quincy Lee - Ancient Art (Teton Capital) Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Ancient Art (Teton Capital) portfolio balances reported a total equity value of $416.08M across 12 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight INTERACTIVE BROKERS GROUP IN (IBKR) as the single largest position, accounting for 27.2% of total equity value, followed by UPWORK INC (UPWK), ALLY FINL INC (ALLY), ECHOSTAR CORP (SATS), and others. Collectively, the top five holdings represent 78.5% of the portfolio, showing how capital is distributed among core positions and long-term investments.