SEC 13F Intelligence

Managers / Q1 2025

CAAS CAPITAL MANAGEMENT LP

CIK 0001802881 · 800 THIRD AVE 26TH FLOOR, NEW YORK, NY, 10022 · 212-518-8638

Reported Value
$934M
Q1 2025
Positions
469
Filings on Record
21
2019–present window
Filed
May 1, 2025
original filing

Summary

Caas Capital Management LP reported $934M in U.S.-listed holdings across 469 positions for Q1 2025.

Its largest position, GOOGL, represents 1.9% of the portfolio.

Compared with Q4 2024, the fund opened 94 new positions and exited 57.

Portfolio Metrics

Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+9.4%
share of reported value
Largest Position
+1.9%
Alphabet
New / Exited
94 / 57
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’20: $958MQ1 ’20Q2 ’20: $3.0BQ3 ’20: $4.3BQ4 ’20: $10.5BQ4 ’20Q1 ’21: $9.2BQ2 ’21: $5.9BQ3 ’21: $5.0BQ3 ’21Q4 ’21: $4.1BQ1 ’22: $2.4BQ2 ’22: $2.0BQ2 ’22Q3 ’22: $2.1BQ4 ’22: $1.7BQ1 ’23: $1.9BQ1 ’23Q2 ’23: $1.5BQ3 ’23: $1.5BQ4 ’23: $946MQ4 ’23Q1 ’24: $1.4BQ2 ’24: $310MQ3 ’24: $856MQ3 ’24Q4 ’24: $572MQ1 ’25: $934Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.9%ADR: 8.7%Other: 4.2%ETP: 2.3%US DOMESTIC: 1.0%Other: 0.9%
  • Common Stock · 82.9% · $774M
  • ADR · 8.7% · $81M
  • Other · 4.2% · $39M
  • ETP · 2.3% · $21M
  • US DOMESTIC · 1.0% · $10M
  • Other · 0.9% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+18.2K18.2K+$10M$10M
CHVCHEVRON CORP NEWNEW+48.4K48.4K+$8M$8M
ROYAL CARIBBEAN GROUPNEW+37.6K37.6K+$8M$8M
MRPMILLROSE PPTYS INCNEW+244.9K244.9K+$6M$6M
EAELECTRONIC ARTS INCNEW+38.8K38.8K+$6M$6M
DDOGDATADOG INCNEW+52.1K52.1K+$5M$5M
CVSCVS HEALTH CORPNEW+73.9K73.9K+$5M$5M
GQ9SPDR GOLD TRNEW+16.5K16.5K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A1.85%$17M111.8K
2SPDR S&P 500 ETF TRTR UNIT1.63%$15M27.2K
3MSFTMICROSOFT CORPhistory →COM1.28%$12M31.8K
4AAPLAPPLE INChistory →COM1.17%$11M49.3K
5NXTNEXTRACKER INCCLASS A COM0.83%$8M184.8K
6MRPMILLROSE PPTYS INCCOM CL A0.70%$6M244.9K
7BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.56%$5M39.4K
8ASML HOLDING N VN Y REGISTRY SHS0.46%$4M6.5K
9TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.46%$4M25.7K
10HBC2HSBC HLDGS PLCSPON ADR NEW0.45%$4M73.5K
11AERCAP HOLDINGS NVSHS0.45%$4M41.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2025$934M469May 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$572M358Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$856M429Oct 28, 202413F-HRchanges · EDGAR ↗
Q2 2024$310M221Jul 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.4B499Apr 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$946M478Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.5B631Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.5B665Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.9B689May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.7B752Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.1B833Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.0B877Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.4B625May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.1B845Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.0B923Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.9B1,013Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$9.2B1,123May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$10.5B826Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.3B463Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.0B398Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$958M227May 15, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.