CAS Investment Partners, LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $2,447,181,816 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $1,811,678,305 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $951,083,043 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $585,299,680 | Pooled investment vehicles (100%) |
| Apr 2023 | $585,299,680 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $2,228,659,586 | Pooled investment vehicles (100%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 97.4%; sector active share 87.3% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
6 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 95.5% | $1,798,305,945 |
| Communication Services | 4.2% | $78,860,736 |
| Industrials | 0.3% | $5,969,474 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CVNA | Carvana Co. | +18,018,279 | 22,559,570 | $1,484,870,897 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| COF | Capital One Financial Corp | 575,548 | $104,997,221 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CVNA |
Carvana Co.
Consumer Cyclical
|
Added | 22,559,570 | $1,484,870,897 | 78.85% | |
| HGV |
Hilton Grand Vacations Inc.
Consumer Cyclical
|
Reduced | 5,206,856 | $272,683,048 | 14.48% | |
| META |
Meta Platforms, Inc.
Communication Services
|
NEW | 136,246 | $76,746,009 | 4.08% | |
| VAC |
MARRIOTT VACATIONS WORLDWIDE Corp
Consumer Cyclical
|
NEW | 400,000 | $40,752,000 | 2.16% | |
| SWIM |
Latham Group, Inc.
Industrials
|
Reduced | 922,639 | $5,969,474 | 0.32% | |
| CDLX |
Cardlytics, Inc.
Communication Services
|
Reduced | 470,986 | $2,114,727 | 0.11% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.