Saraza Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Saraza Management, LP reported 20 stock positions worth $238.6 million. Its top holding was Visa Class A (V) at 8.5% of the portfolio, followed by Aon Class A (AON, 7.8%) and Brookfield (BN, 7.7%). Compared with Q4 2025, it opened 7 new positions, sold out of 2, added to 3 and reduced 10. The biggest buy was a new position in Coupang (CPNG) and the biggest sale an exit from Danaher (DHR).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001894188
- Portfolio Value
- $238.6M (Q1 2026)
- SEC Filing
- 0001894188-26-000006 ↗ filed May 14, 2026
Holdings Value
Holdings 20 stocks · $238.6M
| V Visa Inc. Class A | 8.47% | 66,850 | $20.2M | Add +0.1% |
| AON Aon PLC Class A | 7.75% | 57,325 | $18.5M | Reduce -11.4% |
| BN Brookfield Corp. | 7.66% | 451,500 | $18.3M | Reduce -1.5% |
| WCN Waste Connections Inc. | 6.65% | 97,700 | $15.9M | Reduce -2.1% |
| COF Capital One Financial Corp. | 6.60% | 86,300 | $15.7M | Add +25.1% |
| AMZN Amazon.com Inc. | 6.37% | 73,000 | $15.2M | Reduce -18.0% |
| TSM Taiwan Semiconductor-SP ADR | 6.36% | 44,875 | $15.2M | Reduce -14.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.66% | 940,000 | $13.5M | Add +8.5% |
| APH Amphenol Corp. Class A | 5.57% | 105,150 | $13.3M | Reduce -7.0% |
| JCI Johnson Controls Internation | 5.46% | 99,400 | $13.0M | Reduce -17.5% |
| MSFT Microsoft Corp. | 5.28% | 34,025 | $12.6M | Reduce -24.0% |
| CPNG Coupang Inc. | 4.89% | 618,550 | $11.7M | New |
| LPLA LPL Financial Holdings Inc. | 4.36% | 34,600 | $10.4M | Reduce -16.4% |
| ADI Analog Devices Inc. | 3.94% | 29,575 | $9.4M | New |
| NVDA Nvidia Corp. | 3.40% | 46,550 | $8.1M | New |
| INTU Intuit Inc. | 3.03% | 16,725 | $7.2M | Reduce -3.0% |
| SITM Sitime Corp. | 2.79% | 19,250 | $6.6M | New |
| ARES Ares Management Corp. Class A | 2.74% | 59,950 | $6.5M | New |
| MLM Martin Marietta Materials | 2.68% | 10,845 | $6.4M | New |
| NOK Nokia Corp.-Spon ADR | 0.35% | 102,900 | $827K | New |
Portfolio Sells Q4 2025 → Q1 2026
| DHR Danaher Corp. | Sold out | 0.00% | −6.65 |
| ATI Ati Inc. | Sold out | 0.00% | −4.54 |
| MSFT Microsoft Corp. | Reduce -24.0% | 5.28% | −3.08 |
| AMZN Amazon.com Inc. | Reduce -18.0% | 6.37% | −1.56 |
| INTU Intuit Inc. | Reduce -3.0% | 3.03% | −1.38 |
| LPLA LPL Financial Holdings Inc. | Reduce -16.4% | 4.36% | −1.35 |
| AON Aon PLC Class A | Reduce -11.4% | 7.75% | −1.06 |
| BN Brookfield Corp. | Reduce -1.5% | 7.66% | −0.47 |
| APH Amphenol Corp. Class A | Reduce -7.0% | 5.57% | −0.33 |
| JCI Johnson Controls Internation | Reduce -17.5% | 5.46% | −0.12 |
| WCN Waste Connections Inc. | Reduce -2.1% | 6.65% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -14.1% | 6.36% | +0.22 |
Portfolio Buys Q4 2025 → Q1 2026
| CPNG Coupang Inc. | New | 4.89% | +4.89 |
| ADI Analog Devices Inc. | New | 3.94% | +3.94 |
| NVDA Nvidia Corp. | New | 3.40% | +3.40 |
| SITM Sitime Corp. | New | 2.79% | +2.79 |
| ARES Ares Management Corp. Class A | New | 2.74% | +2.74 |
| MLM Martin Marietta Materials | New | 2.68% | +2.68 |
| NOK Nokia Corp.-Spon ADR | New | 0.35% | +0.35 |
| COF Capital One Financial Corp. | Add +25.1% | 6.60% | +0.14 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +8.5% | 5.66% | +0.06 |
| V Visa Inc. Class A | Add +0.1% | 8.47% | −0.58 |
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 |