CAAS CAPITAL MANAGEMENT LP

CIK 1802881 · View on SEC EDGAR ↗

Portfolio value
$933.7M
#2,560 of 9,443 by 13F value · top 27.1%
Positions
469
As of
March 31, 2025 Data as of Q1 2025

Portfolio value QoQ: +63.3% 13F does not disclose cash

Top 10 holdings weight
25.39%
Top 25 holdings weight
45.65%
Positions above 1%
24
Effective number of positions
89.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q1 2025: 16.75% Est. buys $510,924,711 · sells $126,121,760

New positions
229
Increased
136
Decreased
71
Closed
57

Put-notional exposure: 37.8% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Performance vs S&P 500

Tracked Q4 2024–Q1 2025
+2.3%
S&P 500 total return (same window)
-6.5%
Excess return
+8.8%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.9% · Options excluded: 78.8%

Sector breakdown

Technology
26.3%
Communication Services
14.9%
Financials
14.8%
Financial Services
12.8%
Industrials
8.6%
Consumer Discretionary
4.8%
Retail
3.8%
Healthcare
3.8%
Energy
2.4%
Real Estate
1.4%
Materials
1.0%
Utilities
1.0%
Consumer products
0.7%
Telecommunication
0.3%
Consumer Staples
0.0%
N/A
0.0%
Other/Unmapped
3.4%

Full portfolio 469 positions

Type Streak 8Q trend
MSFT Microsoft Corporation - Common Stock $28,529,640 3.06% 76,000 Put option $16,053,240 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $27,510,456 2.95% 177,900 Put option $24,084,126 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $26,551,688 2.84% 171,700 Call option $23,617,538 Up ×1
MSFT Microsoft Corporation - Common Stock $26,540,073 2.84% 70,700 Call option $14,653,773 Up ×1
AAPL Apple Inc. - Common Stock $24,634,217 2.64% 110,900 Put option $8,181,623 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $23,982,131 2.57% 43,900 Call option $10,181,989 Up ×1
AAPL Apple Inc. - Common Stock $23,390,289 2.51% 105,300 Call option $7,488,619 Up ×1
C Citigroup, Inc. Common Stock $21,410,584 2.29% 301,600 Call option $-5,323,538 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $17,284,113 1.85% 111,770 $13,009,719 Up ×1
JPM JP Morgan Chase & Co. Common Stock $17,244,590 1.85% 70,300 Call option $-1,788,384 Down ×1
C Citigroup, Inc. Common Stock $16,824,630 1.80% 237,000 Put option $4,675,316 Up ×1
BAC Bank of America Corporation Common Stock $15,486,003 1.66% 371,100 Call option $7,284,933 Up ×1
SPY SPY $15,210,373 1.63% 27,191 $-7,712,388 Down ×1
NFLX Netflix, Inc. - Common Stock $14,640,721 1.57% 15,700 Put option $10,362,385 Up ×1
JPM JP Morgan Chase & Co. Common Stock $14,129,280 1.51% 57,600 Put option $-5,215,317 Down ×1
NFLX Netflix, Inc. - Common Stock $13,055,420 1.40% 14,000 Call option $8,955,348 Up ×1
WFC Wells Fargo & Company Common Stock $12,347,880 1.32% 172,000 Call option $-1,096,056 Down ×1
MSFT Microsoft Corporation - Common Stock $11,943,033 1.28% 31,815 $6,716,854 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $11,620,000 1.24% 70,000 Call option $2,831,695 Up ×1
WFC Wells Fargo & Company Common Stock $11,572,548 1.24% 161,200 Put option $-2,798,556 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $11,138,600 1.19% 67,100 Put option $5,450,888 Up ×1
AAPL Apple Inc. - Common Stock $10,959,006 1.17% 49,336 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $10,761,913 1.15% 19,700 Put option $-4,584,303 Down ×1
MS Morgan Stanley Common Stock $10,581,969 1.13% 90,700 Call option $4,924,569 Up ×1
IBM International Business Machines Corporation Common Stock $8,852,296 0.95% 35,600 Put option $8,170,823 Up ×1
IBM International Business Machines Corporation Common Stock $8,205,780 0.88% 33,000 Call option $7,502,324 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $8,017,823 0.86% 12,100 Put option $-1,893,221 Down ×1
NXT Nextpower Inc. - Class A Common Stock $7,788,694 0.83% 184,829 $-4,921,152 Down ×1
V Visa Inc. $7,710,120 0.83% 22,000 Call option $5,624,256 Up ×1
MS Morgan Stanley Common Stock $7,431,879 0.80% 63,700 Put option $1,133,307 Up ×1
V Visa Inc. $6,974,154 0.75% 19,900 Put option $4,919,894 Up ×1
BAC Bank of America Corporation Common Stock $6,910,488 0.74% 165,600 Put option $-354,447 Up ×1
MRP Millrose Properties, Inc. Class A Common Stock $6,492,140 0.70% 244,894 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $6,029,933 0.65% 9,100 Call option $-3,118,723 Down ×1
NOW ServiceNow, Inc. Common Stock $5,811,822 0.62% 7,300 Put option $4,327,654 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $5,210,523 0.56% 39,405 $2,493,427 Up ×1
NOW ServiceNow, Inc. Common Stock $5,174,910 0.55% 6,500 Call option $4,538,838 Up ×1
CAT Caterpillar, Inc. Common Stock $5,111,900 0.55% 15,500 Call option $3,261,824 Up ×1
CAT Caterpillar, Inc. Common Stock $5,078,920 0.54% 15,400 Put option $3,410,224 Up ×1
UBER Uber Technologies, Inc. Common Stock $4,903,478 0.53% 67,300 Put option $4,155,510 Up ×1
UBER Uber Technologies, Inc. Common Stock $4,706,756 0.50% 64,600 Call option $3,060,020 Up ×1
DASH DoorDash, Inc. - Common Stock $4,678,912 0.50% 25,600 Put option $3,806,612 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $4,317,034 0.46% 6,515 $3,566,428 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $4,266,200 0.46% 25,700 Up ×1
HSBC HSBC Holdings, plc. Common Stock $4,222,770 0.45% 73,529 $808,200 Up ×1
AER AerCap Holdings N.V. Ordinary Shares $4,210,017 0.45% 41,206 $266,603
CVX Chevron Corporation Common Stock $4,198,979 0.45% 25,100 Put option Up ×1
DASH DoorDash, Inc. - Common Stock $4,057,494 0.43% 22,200 Call option $3,084,544 Up ×1
LLY Eli Lilly and Company Common Stock $4,046,959 0.43% 4,900 Put option $1,499,359 Up ×1
CVX Chevron Corporation Common Stock $3,897,857 0.42% 23,300 Call option Up ×1
EA Electronic Arts Inc. - Common Stock $3,829,780 0.41% 26,500 Call option Up ×1
PDD PDD Holdings Inc. - American Depositary Shares $3,810,870 0.41% 32,200 Put option Up ×1
META Meta Platforms, Inc. - Class A Common Stock $3,803,976 0.41% 6,600 Call option Up ×1
META Meta Platforms, Inc. - Class A Common Stock $3,746,340 0.40% 6,500 Put option Up ×1
LLY Eli Lilly and Company Common Stock $3,716,595 0.40% 4,500 Call option $1,940,995 Up ×1
AMAT Applied Materials, Inc. - Common Stock $3,628,000 0.39% 25,000 Call option $814,501 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $3,576,014 0.38% 6,546 $1,010,676 Up ×1
GE GE Aerospace Common Stock $3,482,610 0.37% 17,400 Call option $1,230,945 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $3,353,298 0.36% 33,800 Put option Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $3,292,527 0.35% 24,900 Call option $748,827 Down ×1
GE GE Aerospace Common Stock $3,282,460 0.35% 16,400 Put option $1,714,634 Up ×1
Unknown issuer (CUSIP: 780153BQ4) $3,266,496 0.35% 15,900 Put option Up ×1
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $3,259,256 0.35% 14,300 $589,446
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $3,239,635 0.35% 24,500 Put option Up ×1
KRMN Karman Holdings Inc. Common Stock $3,191,610 0.34% 95,500 Up ×1
BK The Bank of New York Mellon Corporation Common Stock $3,136,738 0.34% 37,400 Call option Up ×1
AXP American Express Company Common Stock $3,120,980 0.33% 11,600 Put option $954,413 Up ×1
AXP American Express Company Common Stock $3,067,170 0.33% 11,400 Call option $2,503,269 Up ×1
JD JD.com, Inc. - American Depositary Shares $3,046,170 0.33% 74,080 $477,816
META Meta Platforms, Inc. - Class A Common Stock $2,948,081 0.32% 5,115 Up ×1
C Citigroup, Inc. Common Stock $2,940,761 0.31% 41,425 Up ×1
YUMC Yum China Holdings, Inc. Common Stock $2,922,336 0.31% 56,134 $218,361
NFLX Netflix, Inc. - Common Stock $2,888,978 0.31% 3,098 Up ×1
TCOM Trip.com Group Limited - American Depositary Shares $2,835,668 0.30% 44,600 $-226,568
MS Morgan Stanley Common Stock $2,827,497 0.30% 24,235 $2,092,035 Up ×1
Unknown issuer (CUSIP: 780153BQ4) $2,814,528 0.30% 13,700 Call option Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $2,739,800 0.29% 35,000 Put option $-176,194 Down ×1
CVS CVS Health Corporation Common Stock $2,737,100 0.29% 40,400 Call option Up ×1
NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares $2,723,984 0.29% 26,467 $362,863
WFC Wells Fargo & Company Common Stock $2,722,708 0.29% 37,926 $1,695,869 Up ×1
BEKE KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares) $2,662,467 0.29% 132,527 $973,942 Up ×1
PYPL PayPal Holdings, Inc. - Common Stock $2,655,675 0.28% 40,700 Call option $2,058,225 Up ×1
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $2,638,080 0.28% 36,000 $382,680
BX Blackstone Inc. Common Stock $2,613,886 0.28% 18,700 Put option $1,148,316 Up ×1
UBER Uber Technologies, Inc. Common Stock $2,547,768 0.27% 34,968 Up ×1
PDD PDD Holdings Inc. - American Depositary Shares $2,509,020 0.27% 21,200 Call option Up ×1
YMM Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) $2,494,888 0.27% 195,371 $380,974
GLD $2,478,004 0.27% 8,600 Put option Up ×1
MMM 3M Company Common Stock $2,437,876 0.26% 16,600 Put option $1,327,702 Up ×1
DIS Walt Disney Company (The) Common Stock $2,428,020 0.26% 24,600 Call option Up ×1
COF Capital One Financial Corporation Common Stock $2,402,620 0.26% 13,400 Put option $2,224,300 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,338,720 0.25% 4,700 Put option Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $2,293,632 0.25% 19,200 Call option $769,276 Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $2,293,632 0.25% 19,200 Put option $545,879 Up ×1
GLD $2,276,306 0.24% 7,900 Call option Up ×1
CVS CVS Health Corporation Common Stock $2,269,625 0.24% 33,500 Put option Up ×1
DIS Walt Disney Company (The) Common Stock $2,260,230 0.24% 22,900 Put option Up ×1
QCOM QUALCOMM Incorporated - Common Stock $2,227,345 0.24% 14,500 Call option $-860,417 Down ×1
RIO Rio Tinto Plc Common Stock $2,222,960 0.24% 37,000 $-881 Down ×1
HON Honeywell International Inc. - Common Stock $2,202,200 0.24% 10,400 Put option $1,818,187 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
AAPL $10,959,006 49,336 1.17%
MRP $6,492,140 244,894 0.70%
TSM $4,266,200 25,700 0.46%
CVX $4,198,979 25,100 0.45%
CVX $3,897,857 23,300 0.42%
EA $3,829,780 26,500 0.41%
PDD $3,810,870 32,200 0.41%
META $3,803,976 6,600 0.41%
META $3,746,340 6,500 0.40%
DDOG $3,353,298 33,800 0.36%
Unknown issuer (CUSIP: 780153BQ4) $3,266,496 15,900 0.35%
BABA $3,239,635 24,500 0.35%
KRMN $3,191,610 95,500 0.34%
BK $3,136,738 37,400 0.34%
META $2,948,081 5,115 0.32%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MSFT Bought more +46K +$16.1M
MSFT Bought more +42K +$14.7M
GOOGL Bought more +89K +$13.0M
NFLX Bought more +11K +$10.4M
GS Bought more +20K +$10.2M
NFLX Bought more +9K +$9.0M
AAPL Bought more +45K +$8.2M
SPY Trimmed -12K -$7.7M
AAPL Bought more +42K +$7.5M
BAC Bought more +184K +$7.3M

6 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
SPOT March 31, 2025 7,900 $3,534,302 -4.1%
INTC March 31, 2025 96,540 $1,935,627 304.8%
LW March 31, 2025 25,661 $1,714,925 0.1%
Z March 31, 2025 21,760 $1,611,328 -48.0%
CSCO March 31, 2025 22,800 $1,349,760 79.9%
AIG March 31, 2025 18,000 $1,310,400 -11.8%
WDAY March 31, 2025 5,000 $1,290,150 -16.3%
PH March 31, 2025 2,000 $1,272,060 66.5%
GPN March 31, 2025 9,100 $1,019,746 -5.4%
LUV March 31, 2025 30,000 $1,008,600 20.2%
LQD March 31, 2025 8,800 $940,192 No longer tracked
VXX March 31, 2025 20,037 $917,695 No longer tracked
CMG March 31, 2025 14,700 $886,410 -28.5%
MCD March 31, 2025 2,800 $811,692 -14.0%
FAST March 31, 2025 10,420 $749,302 31.4%
ADP March 31, 2025 2,505 $733,289 -8.7%
MU March 31, 2025 8,700 $732,192 1033.2%
FCNCA March 31, 2025 344 $726,879 17.6%
MTCH March 31, 2025 22,200 $726,162 28.3%
DPZ March 31, 2025 1,500 $629,640 -27.0%
BRKB March 31, 2025 1,300 $589,264 No longer tracked
WBD March 31, 2025 50,100 $529,557 164.9%
BHP March 31, 2025 10,700 $522,481 98.4%
MET March 31, 2025 6,000 $491,280 17.9%
AFL March 31, 2025 4,480 $463,411 5.2%
BILL March 31, 2025 5,200 $440,492 3.2%
DE March 31, 2025 1,000 $423,700 32.9%
SWKS March 31, 2025 4,700 $416,796 5.1%
ORCL March 31, 2025 2,400 $399,936 4.8%
LIN March 31, 2025 900 $376,803 4.8%
APTV March 31, 2025 6,100 $368,928 -19.7%
ULTA March 31, 2025 800 $347,944 41.4%
EMR March 31, 2025 2,800 $347,004 42.3%
DT March 31, 2025 6,200 $336,970 2.2%
JEF March 31, 2025 4,270 $334,768 -2.1%
THC March 31, 2025 2,580 $325,673 104.1%
DOCU March 31, 2025 3,600 $323,784 -25.1%
MTB March 31, 2025 1,600 $300,816 34.3%
FSLR March 31, 2025 1,700 $299,608 70.0%
PNR March 31, 2025 2,900 $291,856 -26.6%
EXPE March 31, 2025 1,500 $279,495 91.4%
GNRC March 31, 2025 1,800 $279,090 66.5%
GPC March 31, 2025 2,000 $233,520 12.5%
AVAV March 31, 2025 1,500 $230,835 35.1%
WSM March 31, 2025 1,200 $222,216 49.6%
NXPI March 31, 2025 1,000 $207,850 18.4%
BLK March 31, 2025 200 $205,022 22.2%
MARXR March 31, 2025 80,000 $30,400 No longer tracked
IPXXW March 31, 2025 25,000 $12,250 No longer tracked
GODNR March 31, 2025 25,200 $8,316 No longer tracked
NOTEWS March 31, 2025 42,750 $6,669 No longer tracked
PWUPW March 31, 2025 75,000 $3,563 No longer tracked
VMCAW March 31, 2025 100,000 $3,510 No longer tracked
HYACWS March 31, 2025 19,405 $2,717 No longer tracked
LVWRWS March 31, 2025 52,200 $2,662 No longer tracked
NKGNW March 31, 2025 10,000 $1,000 No longer tracked
ALURWS March 31, 2025 10,950 $329 No longer tracked