We break down the stocks Cliff Sosin (CAS Investment Partners) bought, sold, and held in Q4 2024, including their holdings at the end of the quarter. All data sourced from CAS Investment Partners' 13F filed on February 14, 2025.
Who are Cliff Sosin and 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
Portfolio Changes in Q4 2024
New positions
CAS Investment Partners did not establish any new positions during Q4 2024.
Bought
CAS Investment Partners added to their position in Hilton Grand Vacations (HGV), increasing their stake by 129,333 shares to 6,492,344 shares, with the position generating a 9.42% return during the quarter.
Sold
CAS Investment Partners completely liquidated their position in World Acceptance (WRLD), selling all 93,299 shares worth $11.0 million. The firm also trimmed several existing positions, reducing their holdings in Carvana (CVNA) by 75,797 shares, Cardlytics (CDLX) by 50,823 shares, and Capital One (COF) by 5,111 shares, though all three trimmed positions still generated strong returns of 15.43%, 15.02%, and 18.34% respectively.
Holdings at the end of Q4 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| CVNA | Carvana | 75.5% | Trimmed (-1%) | $1.3B |
| HGV | Hilton Grand Vacations | 14.7% | Added (+2%) | $252.88M |
| COF | Capital One | 8.4% | Trimmed (-1%) | $143.8M |
| CDLX | Cardlytics | 1.4% | Trimmed (-1%) | $23.63M |
| WRLD | World Acceptance | 0.0% | Exited | $0 |
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