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Saraza Management, LP

Q3 2025 · Filed 2025-11-14
Market Value
$281M
-32.2%
Holdings
20
-5
New Purchases
2
Added To
1
Closed
6
Reduced
11
Top 10 Concentration
77.8%
Turnover
40.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LPLA 5.93% 0.00% +5.93% $17M
UNP 5.39% 0.00% +5.39% $15M
V 7.30% 3.43% +3.87% $20M
MSFT 8.76% 5.89% +2.88% $25M
TSM 8.95% 6.29% +2.66% $25M
AMZN 8.21% 5.64% +2.57% $23M
APH 6.83% 4.77% +2.06% $19M
DHR 7.77% 6.20% +1.57% $22M
COF 7.95% 6.42% +1.53% $22M
AON 7.94% 7.04% +0.89% $22M
BN 7.94% 7.10% +0.84% $22M
NU 5.70% 5.25% +0.45% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GEHC 0.00% 6.08% -6.08% $0
CSX 0.00% 5.12% -5.12% $0
TRU 0.00% 4.36% -4.36% $0
CPNG 0.00% 4.16% -4.16% $0
WDAY 0.00% 4.14% -4.14% $0
EXPE 0.00% 4.12% -4.12% $0
INTU 5.23% 7.61% -2.38% $15M
ATI 6.09% 6.36% -0.28% $17M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $93M 33.2%
Large Cap 16 $187M 66.8%

Portfolio Analytics

Avg Market Cap
$492.1B
Median Market Cap
$86.0B
Avg P/E
30.7
Median P/E
27.8
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
20
# ETFs / Funds
0

Top Holdings (20 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TSM 8.95% 90,000 $25M $279.29 -$910K -25,000 -21.7%
2 MSFT 8.76% 47,500 $25M $517.95 $230K -1,500 -3.1%
3 AMZN 8.21% 105,000 $23M $219.57 -$310K -1,500 -1.4%
4 COF 7.95% 105,000 $22M $212.58 -$4M -20,000 -16.0%
5 BN 7.94% 325,000 $22M $68.58 -$7M -150,000 -31.6%
6 AON 7.94% 62,500 $22M $356.58 -$7M -19,250 -23.6%
7 DHR 7.77% 110,000 $22M $198.26 -$4M -20,000 -15.4%
8 V 7.30% 60,000 $20M $341.38 $6M +20,000 +50.0%
9 APH 6.83% 155,000 $19M $123.75 -$569K -45,000 -22.5%
10 ATI 6.09% 210,000 $17M $81.34 -$9M -95,000 -31.1%
11 LPLA 5.93% 50,000 $17M $332.69 +50,000 NEW
12 NU 5.70% 1,000,000 $16M $16.01 -$6M -585,000 -36.9%
13 UNP 5.39% 64,000 $15M $236.37 +64,000 NEW
14 INTU 5.23% 21,500 $15M $682.91 -$17M -18,500 -46.2%
15 CPNG —% -$17M -575,000 -100.0% SOLD
16 CSX —% -$21M -650,000 -100.0% SOLD
17 TRU —% -$18M -205,000 -100.0% SOLD
18 WDAY —% -$17M -71,500 -100.0% SOLD
19 GEHC —% -$25M -340,000 -100.0% SOLD
20 EXPE —% -$17M -101,000 -100.0% SOLD

New Positions

SymbolValue% Port
LPLA $17M 5.93%
UNP $15M 5.39%

Sold Out Positions

SymbolValue% Port
TRU —%
CPNG —%
EXPE —%
CSX —%
GEHC —%
WDAY —%
View SEC EDGAR Filings for Saraza Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms