Alua Capital Management LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Alua Capital Management LP reported 16 stock positions worth $1.2 billion . Its top holding was Allstate (ALL) at 14.4% of the portfolio, followed by Valvoline (VVV, 10.6% ) and Icici Bank Ltd.-Spon ADR (IBN, 10.5% ). Compared with Q4 2024, it opened 4 new positions, sold out of 6, added to 3 and reduced 6. The biggest buy was a new position in Tenaris SA-ADR (TS) and the biggest sale an exit from Vertiv Class A (VRT).
Location NEW YORK, NY
CIK 0001827442
Portfolio Value $1.2B (Q1 2025) Holdings 16 stocks · $1.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 ALL Allstate Corp. 852,590 $176.5M Reduce -8.7% VVV Valvoline Inc. 3,734,466 $130.0M Add +3.6% IBN Icici Bank Ltd.-Spon ADR 4,105,717 $129.4M Reduce -27.7% SN Sharkninja Inc. 1,269,433 $105.9M Add +21.8% TS Tenaris SA-ADR 2,387,363 $93.4M New FWONK Liberty Media Corp. Class C 899,368 $81.0M No change FCNCA First Citizens Bcshs Class A 40,859 $75.8M Reduce -55.5% COF Capital One Financial Corp. 412,748 $74.0M Add +20.6% DFS Discover Financial Services 419,100 $71.5M No change UBER Uber Technologies Inc. 928,182 $67.6M Reduce -35.0% SNPS Synopsys Inc. 127,900 $54.8M New APG Api Group Corp. 1,458,008 $52.1M Reduce -44.3% BIRK Birkenstock Holding PLC 735,500 $33.7M New BP BP PLC-Spons ADR 973,100 $32.9M New CRM Salesforce Inc. 103,089 $27.7M Reduce -68.0% TV Grupo Televisa SA-Spon ADR 12,617,056 $22.1M No change
Options reported separately and not counted above: IWM puts ($51.7M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ VRT Vertiv Holdings Co. Class A Sold out 0.00% −7.06 FCNCA First Citizens Bcshs Class A Reduce -55.5% 6.17% −5.88 CRM Salesforce Inc. Reduce -68.0% 2.25% −4.44 GOOGL Alphabet Inc. Class A Sold out 0.00% −3.91 CP Canadian Pacific Kansas City Sold out 0.00% −3.66 BGC BGC Group Inc. Class A Sold out 0.00% −2.52 APG Api Group Corp. Reduce -44.3% 4.24% −1.60 CRS Carpenter Technology Sold out 0.00% −1.30 OKTA Okta Inc. Sold out 0.00% −0.69 IBN Icici Bank Ltd.-Spon ADR Reduce -27.7% 10.53% +0.00 UBER Uber Technologies Inc. Reduce -35.0% 5.51% +0.15 ALL Allstate Corp. Reduce -8.7% 14.37% +3.19
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ TS Tenaris SA-ADR New 7.60% +7.60 SNPS Synopsys Inc. New 4.46% +4.46 BIRK Birkenstock Holding PLC New 2.75% +2.75 BP BP PLC-Spons ADR New 2.68% +2.68 VVV Valvoline Inc. Add +3.6% 10.58% +2.48 SN Sharkninja Inc. Add +21.8% 8.62% +2.31 COF Capital One Financial Corp. Add +20.6% 6.02% +2.23
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put New 259,000 $51.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 1 $102.7M VVV Q1 2026 14 $915.1M AMZN, VVV, AZO, IBN, COF Q4 2025 17 $1.3B COF, AMZN, SN, IBN, VVV Q3 2025 21 $1.4B COF, SN, VVV, IBN, AMZN Q2 2025 18 $1.5B ALL, VVV, IBN, COF, SN Q1 2025 16 $1.2B ALL, VVV, IBN, SN, TS Q4 2024 18 $1.6B FCNCA, ALL, IBN, VVV, VRT Q3 2024 15 $1.5B ALL, IBN, FCNCA, APG, VVV Q2 2024 25 $1.9B APG, IBN, FCNCA, META, ALL Q1 2024 22 $2.0B APG, IBN, ALL, FCNCA, META