CAS Investment Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), CAS Investment Partners, LLC reported 4 stock positions worth $1.5 billion. Its top holding was Carvana (CVNA) at 77.2% of the portfolio, followed by Hilton Grand Vacations (HGV, 13.9%) and Capital One Financial (COF, 8.3%). Compared with Q4 2024, it reduced 4. The biggest sale was Hilton Grand Vacations (HGV, shares −12%).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0001697591
Portfolio Value
$1.5B (Q1 2025)
SEC Filing
0001420506-25-001269 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.5B $1.5B Q1 2025 Q2 2025: $2.1B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.3B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 4 stocks · $1.5B
CVNA Carvana Co. 77.19% 5,685,029 $1.2B Reduce -10.9%
HGV Hilton Grand Vacations Inc. 13.89% 5,716,641 $213.9M Reduce -11.9%
COF Capital One Financial Corp. 8.26% 709,295 $127.2M Reduce -12.0%
CDLX Cardlytics Inc. 0.66% 5,613,922 $10.2M Reduce -11.8%

Portfolio Sells Q4 2024 → Q1 2025
HGV Hilton Grand Vacations Inc. Reduce -11.9% 13.89% −0.84
CDLX Cardlytics Inc. Reduce -11.8% 0.66% −0.71
COF Capital One Financial Corp. Reduce -12.0% 8.26% −0.11
CVNA Carvana Co. Reduce -10.9% 77.19% +1.66

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$1.9BCVNA, HGV, META, VAC, SWIM
Q1 2026 5$1.7BCVNA, HGV, COF, CDLX, SWIM
Q4 2025 5$2.3BCVNA, HGV, COF, SWIM, CDLX
Q3 2025 5$2.2BCVNA, HGV, COF, CDLX, SWIM
Q2 2025 4$2.1BCVNA, HGV, COF, CDLX
Q1 2025 4$1.5BCVNA, HGV, COF, CDLX
Q4 2024 4$1.7BCVNA, HGV, COF, CDLX
Q3 2024 5$1.5BCVNA, HGV, COF, CDLX, WRLD
Q2 2024 5$1.3BCVNA, HGV, COF, CDLX, WRLD
Q1 2024 5$1.1BCVNA, HGV, COF, CDLX, WRLD