Saraza Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Saraza Management, LP disclosed 15 US equity positions worth $259.0m in its Q4 2025 13F filing. The largest position was V at 9.0% of the reported book, followed by AON and MSFT. Against the Q3 2025 filing, it opened 2 new positions, added to 3 and reduced 10 among the top 15 holdings.
What did Saraza Management, LP own in Q4 2025? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | V VISA INC | Financial Services | 9.0% | $23.4m | 66,800 | 11% | added |
| 2 | AON AON PLC | Financial Services | 8.8% | $22.8m | 64,700 | 4% | added |
| 3 | MSFT MICROSOFT CORP | Technology | 8.4% | $21.6m | 44,750 | -6% | reduced |
| 4 | BN BROOKFIELD CORP | Financial Services | 8.1% | $21.0m | 458,500 | 41% | added |
| 5 | AMZN AMAZON COM INC | Consumer Cyclical | 7.9% | $20.5m | 89,000 | -15% | reduced |
| 6 | WCN WASTE CONNECTIONS INC | Industrials | 6.8% | $17.5m | 99,750 | – | new |
| 7 | DHR DANAHER CORPORATION | Healthcare | 6.7% | $17.2m | 75,250 | -32% | reduced |
| 8 | COF CAPITAL ONE FINL CORP | Financial Services | 6.5% | $16.7m | 69,000 | -34% | reduced |
| 9 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 6.1% | $15.9m | 52,250 | -42% | reduced |
| 10 | APH AMPHENOL CORP NEW | Technology | 5.9% | $15.3m | 113,000 | -27% | reduced |
| 11 | LPLA LPL FINL HLDGS INC | Financial Services | 5.7% | $14.8m | 41,400 | -17% | reduced |
| 12 | NU NU HLDGS LTD | Financial Services | 5.6% | $14.5m | 866,500 | -13% | reduced |
| 13 | JCI JOHNSON CTLS INTL PLC | Industrials | 5.6% | $14.4m | 120,500 | – | new |
| 14 | ATI ATI INC | Industrials | 4.5% | $11.8m | 102,500 | -51% | reduced |
| 15 | INTU INTUIT | Technology | 4.4% | $11.4m | 17,250 | -20% | 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.