13F filing recap · Q3 2025

What did CAS Investment Partners buy in Q3 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.24B

Positions

Estimated turnover

1.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

CAS Investment Partners opened a new position in Latham Group. The firm also slightly trimmed Carvana, Hilton Grand Vacations, Capital One Financial, and Cardlytics.

New positions

SWIMLatham Group, Inc.$7.61Mreported value+1.00M shares

Reduced positions

CVNACarvana Co.$1.84Breported value-32.6K shares-0.7%HGVHilton Grand Vacations Inc.$235.97Mreported value-16.0K shares-0.3%COFCapital One Financial Corp$141.47Mreported value-36.7K shares-5.2%CDLXCardlytics, Inc.$12.63Mreported value-415.9K shares