Breaking down the stocks Cliff Sosin (CAS Investment Partners) bought, sold, and held in Q2 2025, including their holdings at the end of the quarter. All data sourced from CAS Investment Partners' 13F filed on August 14, 2025.
Who is CAS Investment Partners?
Cliff Sosin is the founder of CAS Investment Partners, a fund he started with $5 million in 2012 and has grown to $1.7 billion. CAS runs an extremely concentrated portfolio that consists of just a few companies at any one time.
CASinvestmentpartners.com
Interview with Cliff Sosin on Carvana investment
Q2 '25 13F filed with SEC
Portfolio Changes in Q2 2025
New positions
CAS Investment Partners did not establish any new positions during Q2 2025.
Bought
CAS Investment Partners did not add to any existing positions during Q2 2025.
Sold
CAS Investment Partners trimmed three of its holdings during Q2 2025, reducing its stake in Carvana (CVNA) by 762,761 shares, Hilton Grand Vacations (HGV) by 56,838 shares, and Capital One (COF) by 7,114 shares, while maintaining its position in Cardlytics (CDLX) unchanged.
Holdings at the end of Q2 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| CVNA | Carvana | 80.8% | Trimmed (-13%) | $1.66B |
| HGV | Hilton Grand Vacations | 11.5% | Trimmed (-1%) | $235.05M |
| COF | Capital One | 7.3% | Trimmed (-1%) | $149.4M |
| CDLX | Cardlytics | 0.4% | $9.23M |
Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.
