Saraza Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Saraza Management, LP disclosed 14 US equity positions worth $280.7m in its Q3 2025 13F filing. The largest position was TSM at 9.0% of the reported book, followed by MSFT and AMZN. Against the Q2 2025 filing, it opened 2 new positions, added to 1 and reduced 11 among the top 14 holdings.
What did Saraza Management, LP own in Q3 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 9.0% | $25.1m | 90,000 | -22% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 8.8% | $24.6m | 47,500 | -3% | reduced |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 8.2% | $23.1m | 105,000 | -1% | reduced |
| 4 | COF CAPITAL ONE FINL CORP | Financial Services | 8.0% | $22.3m | 105,000 | -16% | reduced |
| 5 | BN BROOKFIELD CORP | Financial Services | 7.9% | $22.3m | 325,000 | -32% | reduced |
| 6 | AON AON PLC | Financial Services | 7.9% | $22.3m | 62,500 | -24% | reduced |
| 7 | DHR DANAHER CORPORATION | Healthcare | 7.8% | $21.8m | 110,000 | -15% | reduced |
| 8 | V VISA INC | Financial Services | 7.3% | $20.5m | 60,000 | 50% | added |
| 9 | APH AMPHENOL CORP NEW | Technology | 6.8% | $19.2m | 155,000 | -22% | reduced |
| 10 | ATI ATI INC | Industrials | 6.1% | $17.1m | 210,000 | -31% | reduced |
| 11 | LPLA LPL FINL HLDGS INC | Financial Services | 5.9% | $16.6m | 50,000 | – | new |
| 12 | NU NU HLDGS LTD | Financial Services | 5.7% | $16.0m | 1,000,000 | -37% | reduced |
| 13 | UNP UNION PAC CORP | Industrials | 5.4% | $15.1m | 64,000 | – | new |
| 14 | INTU INTUIT | Technology | 5.2% | $14.7m | 21,500 | -46% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.