CAS Investment Partners Portfolio - Jun 30, 2025

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CAS Investment Partners, Clifford Sosin, has built a diversified portfolio of 4 publicly traded holdings with a total market value of $2.1B as of Jun 30, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 80.8% of the total portfolio value. The top 5 holdings account for 100.0% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

4
Total Holdings
$2.1B
Portfolio Value
Jun 30, 2025
Latest Filing
80.8%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in CARVANA CO (CVNA) represents 80.8% of the total portfolio, valued at $1.7B.

Rank Symbol Company Value Portfolio % Change
1 CVNA CARVANA CO $1.7B 80.8% -13.4%
2 HGV HILTON GRAND VACATIONS INC $235.1M 11.5% -1.0%
3 COF CAPITAL ONE FINL CORP $149.4M 7.3% -1.0%
4 CDLX CARDLYTICS INC $9.2M 0.4% -

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 89 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
CVNA Carvana Co. -762,761 Jun 30, 2025 SELL
HGV Hilton Grand Vacations Inc. -56,838 Jun 30, 2025 SELL
COF Capital One Financial Corporati -7,114 Jun 30, 2025 SELL
HGV Hilton Grand Vacations Inc. -775,703 Mar 31, 2025 SELL
CDLX Cardlytics, Inc. Common Stock -754,988 Mar 31, 2025 SELL
CVNA Carvana Co. -692,768 Mar 31, 2025 SELL
COF Capital One Financial Corporati -97,094 Mar 31, 2025 SELL
HGV Hilton Grand Vacations Inc. +129,333 Dec 31, 2024 BUY
WRLD World Acceptance Corporation -93,299 Dec 31, 2024 SELL
CVNA Carvana Co. -75,797 Dec 31, 2024 SELL

Investment Strategy Insights

CAS Investment Partners's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in CARVANA CO (CVNA) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 13.4% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 89 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

CAS Investment Partners's portfolio as of Jun 30, 2025 reflects a strategic approach to equity investing with 4 holdings valued at $2.1B. The concentrated position in CARVANA CO and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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