SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Saraza Management, LP

CIK 0001894188 · 125 EAST 56TH STREET, 28TH FLOOR, NEW YORK, NY, 10022 · 646-860-0181

Reported Value
$662M
Q3 2022
Positions
5
Filings on Record
18
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Saraza Management, LP reported $662M in U.S.-listed holdings across 5 positions for Q3 2022.

The portfolio is heavily concentrated: IFF alone accounts for 68.1% of reported value.

Compared with Q2 2022, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Largest Position
+68.1%
International Flavors Fragra

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
Q4 ’21: $1.1BQ4 ’21Q1 ’22: $891MQ2 ’22: $788MQ2 ’22Q3 ’22: $662MQ4 ’22: $756MQ4 ’22Q1 ’23: $604MQ1 ’24: $435MQ1 ’24Q4 ’24: $359MQ1 ’25: $335MQ1 ’25Q2 ’25: $414MQ3 ’25: $281MQ3 ’25Q4 ’25: $259MQ1 ’26: $239MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 97.7%ETP: 2.3%
  • Common Stock · 97.7% · $647M
  • ETP · 2.3% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P 500 ETF TRNEW+42.0K42.0K+$15M$15M
INTUINTUITNEW+10.0K10.0K+$4M$4M
BBWIBATH & BODY WORKS INCTRIMMED−685.0K800.0K−$14M$26M
IRTCIRHYTHM TECHNOLOGIES INCTRIMMED−198.9K1.33M+$1M$166M
IFFINTERNATIONAL FLAVORS&FRAGRAHELD+62.5K4.96M−$133M$451M

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

Holdings — Q3 2022

5 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM68.11%$451M4.96M
2IRTCIRHYTHM TECHNOLOGIES INChistory →COM25.10%$166M1.33M
3BBWIBATH & BODY WORKS INChistory →COM3.94%$26M800.0K
4SPDR S&P 500 ETF TRTR UNIT2.27%$15M42.0K
5INTUINTUITCOM0.59%$4M10.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$239M20May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$259M15Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$281M14Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$414M18Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$335M22May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$359M17Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024Under review17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review13Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$435M17May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023Under review15Feb 14, 202413F-HRchanges · EDGAR ↗
Q2 2023Under review11Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$604M9May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$756M8Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$662M5Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$788M3Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$891M4May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.1B5Feb 14, 202213F-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 ↗.