CAAS CAPITAL MANAGEMENT LP

CIK 1802881 · View on SEC EDGAR ↗

Top 10 holdings weight25.39%

Top 25 holdings weight45.65%

Positions above 1%24

Effective number of positions89.6

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

New positions229

Increased136

Decreased71

Closed0

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

Portfolio value $933.7M #2,633 of 9,337 by 13F value · top 28.2%

Positions 469

As of March 31, 2025 Data as of Q1 2025

Sector breakdown

Financials 27.6%

Technology 26.3%

Communication Services 15.2%

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%

Consumer Staples 0.0%

Other/Unmapped 3.4%

Full portfolio 469 positions

Search positions by ticker or company name

				Type		Streak
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 SPDR Gold Shares	$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 SPDR Gold Shares	$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
No matches

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 — reported move looks larger than the position itself (data completeness check)