13F filing recap · Q4 2025

What did CAS Investment Partners buy in Q4 2025?

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

Stock value

$2.34B

Positions

Estimated turnover

6.7%

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 trimmed its Carvana and Hilton Grand Vacations positions slightly, and reduced its Capital One Financial stake. It also modestly decreased its Latham Group holding.

Reduced positions

CVNACarvana Co.$1.95Breported value-279.5K shares-5.7%HGVHilton Grand Vacations Inc.$237.95Mreported value-326.4K shares-5.8%COFCapital One Financial Corp$141.57Mreported value-81.3K shares-12.2%SWIMLatham Group, Inc.$5.98Mreported value-57.6K shares-5.8%