Saraza Management, LP

CIK 1894188 · View on SEC EDGAR ↗

Portfolio value
$250.9M
#5,725 of 9,443 by 13F value · top 60.6%
Positions
19
As of
June 30, 2026

Portfolio value QoQ: +5.1% 13F does not disclose cash

Top 10 holdings weight
64.19%
Top 25 holdings weight
100.00%
Positions above 1%
19
Effective number of positions
17.6

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

Turnover Q2 2026: 16.89% Est. buys $41,332,919 · sells $59,006,790

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 44.2% still held

New positions
3
Increased
7
Decreased
9
Closed
4
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+27.0%
S&P 500 total return (same window)
+28.1%
Excess return
-1.1%

Annualized: +17.3% · S&P 500: +18.0%

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: 98.8% · Options excluded: 0.4%

Sector breakdown

Financial Services
28.6%
Technology
27.9%
Industrials
16.0%
Financials
12.1%
Retail
10.6%
Other/Unmapped
4.8%

Full portfolio 19 positions

Type Streak 8Q trend
V Visa Inc. $19,611,024 7.82% 57,160 $-593,720 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $17,884,997 7.13% 37,450 $2,719,491 Down ×5
COF Capital One Financial Corporation Common Stock $17,855,180 7.12% 89,000 $2,111,471 Up ×2
AON Aon plc Class A Ordinary Shares (Ireland) $16,800,099 6.70% 50,650 $-1,703,265 Down ×2
BN Brookfield Corporation Class A Limited Voting Shares $16,786,849 6.69% 394,150 $-1,485,356 Down ×2
JCI Johnson Controls International plc Ordinary Share $16,035,573 6.39% 109,750 $3,019,143 Up ×1
APH Amphenol Corporation Common Stock $15,824,720 6.31% 89,750 $2,539,017 Down ×4
AMZN Amazon.com, Inc. - Common Stock $14,181,230 5.65% 59,500 $-1,022,480 Down ×4
NU Nu Holdings Ltd. Class A Ordinary Shares $13,587,120 5.42% 1,017,000 $79,320 Up ×2
CPNG Coupang, Inc. Class A Common Stock $12,462,975 4.97% 717,500 $784,751 Up ×1
ADI Analog Devices, Inc. - Common Stock $12,193,119 4.86% 30,700 $2,784,128 Up ×1
Unknown issuer (CUSIP: 023135906) $11,917,000 4.75% 50,000 Call option Up ×1
MSFT Microsoft Corporation - Common Stock $11,461,040 4.57% 30,725 $-1,133,994 Down ×5
NVDA NVIDIA Corporation - Common Stock $11,305,085 4.51% 56,500 $3,186,765 Up ×1
ARES Ares Management Corporation Class A Common Stock $10,663,498 4.25% 95,800 $4,122,953 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $10,026,350 4.00% 10,390 Up ×1
UNP Union Pacific Corporation Common Stock $8,160,000 3.25% 30,000
SITM SiTime Corporation - Common Stock $7,194,654 2.87% 9,650 $546,666 Down ×1
LPLA LPL Financial Holdings Inc. - Common Stock $6,901,160 2.75% 24,500 $-3,507,558 Down ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 023135906) $11,917,000 50,000 4.75%
STX $10,026,350 10,390 4.00%
UNP $8,160,000 30,000 3.25%

Top movers (QoQ)

Security Action Shares Δ Value Δ
ARES Bought more +36K +$4.1M
LPLA Trimmed -10K -$3.5M
NVDA Bought more +10K +$3.2M
JCI Bought more +10K +$3.0M
ADI Bought more +1K +$2.8M
TSM Trimmed -7K +$2.7M
APH Trimmed -15K +$2.5M
COF Bought more +3K +$2.1M
AON Trimmed -7K -$1.7M
BN Trimmed -57K -$1.5M

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
IFF March 31, 2025 515,000 $43,543,250 8.6%
GE March 31, 2025 155,000 $25,852,450 74.2%
GEHC Sept. 30, 2025 340,000 $25,183,800 -1.4%
WST June 30, 2025 110,000 $24,626,800 61.2%
AMZN March 31, 2025 104,000 $22,816,560 35.5%
ICE March 31, 2025 150,000 $22,351,500 -6.7%
V March 31, 2025 70,000 $22,122,800 5.0%
CSX Sept. 30, 2025 650,000 $21,209,500 44.9%
TRU Sept. 30, 2025 205,000 $18,040,000 1.7%
CPNG Sept. 30, 2025 575,000 $17,227,000 -50.0%
DHR March 31, 2026 75,250 $17,226,230 12.9%
WDAY Sept. 30, 2025 71,500 $17,160,000 -18.8%
EXPE Sept. 30, 2025 101,000 $17,036,680 50.5%
PRMB June 30, 2025 460,000 $16,325,400 -21.9%
WCN June 30, 2026 97,700 $15,870,388 1.2%
UNP Dec. 31, 2025 64,000 $15,127,680 32.4%
BKNG June 30, 2025 2,600 $11,977,966 -96.4%
ATI March 31, 2026 102,500 $11,762,900 45.4%
SHW June 30, 2025 31,000 $10,824,890 1.3%
PCOR June 30, 2025 135,000 $8,912,700 -9.1%
INTU June 30, 2026 16,725 $7,231,556 38.2%
GWRE March 31, 2025 40,000 $6,743,200 -3.2%
MLM June 30, 2026 10,845 $6,384,235 -8.0%
UAL March 31, 2025 60,000 $5,826,000 63.7%
NOK June 30, 2026 102,900 $827,316 -23.0%
DAL June 30, 2025 9,000 $392,400 67.0%
LPLA June 30, 2025 500 $163,570 -4.4%