Ararat Capital Management Sells 137,548 Gildan Activewear Shares, Reduces Position Value by $4.9 Million

Ararat Capital Management LP sold 137,548 shares of Gildan Activewear in Q3, reducing its position by $4.9 million. The fund now holds 217,685 Gildan shares worth $12.6 million, making it its fifth-largest holding. The transaction occurred as Gildan enters a new phase of growth following the completion of its HanesBrands acquisition, which doubled the company's scale and introduced $200 million in run-rate cost synergies.