CAS Investment Partners, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), CAS Investment Partners, LLC reported 4 stock positions worth $2.1 billion. Its top holding was Carvana (CVNA) at 80.8% of the portfolio, followed by Hilton Grand Vacations (HGV, 11.5%) and Capital One Financial (COF, 7.3%). Compared with Q1 2025, it reduced 3. The biggest sale was Hilton Grand Vacations (HGV, shares −1%).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0001697591
Portfolio Value
$2.1B (Q2 2025)
SEC Filing
0001420506-25-002046 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $2.1B $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 · $2.1B
CVNA Carvana Co. 80.82% 4,922,268 $1.7B Reduce -13.4%
HGV Hilton Grand Vacations Inc. 11.45% 5,659,803 $235.1M Reduce -1.0%
COF Capital One Financial Corp. 7.28% 702,181 $149.4M Reduce -1.0%
CDLX Cardlytics Inc. 0.45% 5,613,922 $9.2M No change

Portfolio Sells Q1 2025 → Q2 2025
HGV Hilton Grand Vacations Inc. Reduce -1.0% 11.45% −2.43
COF Capital One Financial Corp. Reduce -1.0% 7.28% −0.98
CVNA Carvana Co. Reduce -13.4% 80.82% +3.63

Portfolio Buys Q1 2025 → Q2 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