In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Saraza Management, LP reported 17 stock positions worth $345.4 million . Its top holding was Intl Flavors & Fragrances (IFF) at 15.6% of the portfolio, followed by Amazon.com (AMZN, 10.1% ) and Visa Class A (V, 7.4% ). Compared with Q2 2024, it opened 8 new positions, sold out of 3, added to 3 and reduced 6. The biggest buy was a new position in Booking (BKNG) and the biggest sale Intl Flavors & Fragrances (IFF, shares −30% ).
Location NEW YORK, NY
CIK 0001894188
Portfolio Value $345.4M (Q3 2024) Holdings 17 stocks · $345.4M 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 Q2 2024 IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 515,000 $54.0M Reduce -29.9% AMZN Amazon.com Inc. 187,500 $34.9M Add +17.2% V Visa Inc. Class A 92,500 $25.4M Add +3.9% ICE Intercontinental Exchange Inc. 150,000 $24.1M Reduce -20.5% BKNG Booking Holdings Inc. 5,000 $21.1M New AON Aon PLC Class A 60,000 $20.8M Reduce -17.2% MSFT Microsoft Corp. 45,000 $19.4M New TSM Taiwan Semiconductor-SP ADR 107,500 $18.7M New GE General Electric filed as GE AEROSPACE 96,500 $18.2M Reduce -14.2% INTU Intuit Inc. 28,500 $17.7M Add +26.7% FMX Fomento Economico Mex-SP ADR 177,250 $17.5M Reduce -41.3% TRU Transunion 161,500 $16.9M Reduce -37.9% ATI Ati Inc. 250,000 $16.7M New UNH Unitedhealth Group Inc. 25,070 $14.7M New AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 270,000 $12.2M New CPRT Copart Inc. 170,000 $8.9M New QXO Qxo Inc. 270,000 $4.3M New
Portfolio Sells Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ IFF Intl Flavors & Fragrances Reduce -29.9% 15.64% −7.65 CSX CSX Corp. Sold out 0.00% −6.68 FMX Fomento Economico Mex-SP ADR Reduce -41.3% 5.07% −5.76 SHW The Sherwin-Williams Co. Sold out 0.00% −5.22 WEX Wex Inc. Sold out 0.00% −2.95 ICE Intercontinental Exchange Inc. Reduce -20.5% 6.98% −1.62 TRU Transunion Reduce -37.9% 4.89% −1.52 AON Aon PLC Class A Reduce -17.2% 6.01% −1.08 GE General Electric Reduce -14.2% 5.27% −0.69
Portfolio Buys Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ BKNG Booking Holdings Inc. New 6.10% +6.10 MSFT Microsoft Corp. New 5.61% +5.61 TSM Taiwan Semiconductor-SP ADR New 5.40% +5.40 ATI Ati Inc. New 4.84% +4.84 UNH Unitedhealth Group Inc. New 4.24% +4.24 AL Sumisho Air Lease Corp. New 3.54% +3.54 CPRT Copart Inc. New 2.58% +2.58 QXO Qxo Inc. New 1.23% +1.23 INTU Intuit Inc. Add +26.7% 5.12% +0.20 AMZN Amazon.com Inc. Add +17.2% 10.11% −0.18 V Visa Inc. Class A Add +3.9% 7.36% −0.41
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ APPLE INC call Sold out 240,000 $50.5Mbefore exit
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 18 $238.9M V, TSM, COF, AON, BN Q1 2026 20 $238.6M V, AON, BN, WCN, COF Q4 2025 15 $259.0M V, AON, MSFT, BN, AMZN Q3 2025 14 $280.7M TSM, MSFT, AMZN, COF, BN Q2 2025 18 $414.0M INTU, BN, AON, COF, ATI Q1 2025 21 $328.3M BN, WST, DHR, COF, MSFT Q4 2024 17 $358.6M IFF, COF, AON, GE, MSFT Q3 2024 17 $345.4M IFF, AMZN, V, ICE, BKNG Q2 2024 12 $300.4M IFF, FMX, AMZN, ICE, V Q1 2024 14 $385.4M IFF, FMX, AMZN, ICE, CSX