Clifford Sosin's CAS Investment Partners Q2 2026 Portfolio Activity: Major Buys & One Significant Sell
CAS Investment Partners, managed by Clifford Sosin as of June 30, 2026, saw substantial buying in CARVANA CO CL A (CVNA) and additions to META PLATFORMS INC (META) and MARRIOTT VACATIONS WORLDWIDE CORP. (VAC), while exiting CARDLYTICS, INC. (CDLX).
As of June 30, 2026, the portfolio managed by Clifford Sosin, through his firm CAS Investment Partners, stands at a total value of approximately $1.88 billion. This filing provides insight into the significant changes observed in this portfolio during the most recent quarter, highlighting both strategic additions and exits based on the available data from
The investor's activity was dominated by substantial increases in holdings within specific sectors. The largest position increase occurred in CARVANA CO CL A (CVNA), which saw its share count rise dramatically by 396.77% to become a dominant holding at 78.85% of the portfolio value ($1.48 billion). This significant stake was detailed under CVNA. Additionally, new positions were initiated in META PLATFORMS INC (META) and MARRIOTT VACATIONS WORLDWIDE CORP. (VAC), both representing 100% increases in their respective share counts.
Investment interest also appeared in the Communication Services sector via META, which was added to the portfolio, and further bolstered by a significant purchase of shares from VAC. The total value invested in these new or significantly increased positions reached nearly $800 million combined. Furthermore, there was notable buying activity reported for HGV (Hilton Grand Vacations), with a positive change percentage of 396.77%, although the share count increase was smaller (-33,035 shares).
Conversely, the investor disposed of their entire position in CARDLYTICS, INC. (CDLX). This exit represented a staggering 90.94% reduction in shares and effectively removed this stock from the portfolio entirely.
Other minor adjustments included slight reductions in SWIM (Latham Group) and HGV, although these were not significant exits compared to the overall changes observed. The Communication Services sector also saw a decrease due to the exit of CDLX, reducing its allocation slightly below 4%. Overall portfolio stability was maintained with six holdings across three sectors.
In summary, this quarter's activity for CAS Investment Partners under Clifford Sosin involved major new purchases in CVNA and META/VAC, alongside a complete exit from CDLX. The portfolio remains heavily concentrated in Consumer Cyclical stocks.