SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Saraza Management, LP

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

Reported Value
$756M
Q4 2022
Positions
8
Filings on Record
18
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Saraza Management, LP reported $756M in U.S.-listed holdings across 8 positions for Q4 2022.

The portfolio is heavily concentrated: IFF alone accounts for 61.7% of reported value.

Compared with Q3 2022, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+9.9%
vs prior filed quarter
Largest Position
+61.7%
International Flavors Fragra
New / Exited
4 / 1
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
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: 87.0%Other: 9.5%ADR: 3.5%
  • Common Stock · 87.0% · $658M
  • Other · 9.5% · $72M
  • ADR · 3.5% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INTERNATIONAL FLAVORS&FRAGRANEW+6.5K6.5K+$72M$72M
FMXFOMENTO ECONOMICO MEXICANO SNEW+340.0K340.0K+$27M$27M
FISFIDELITY NATL INFORMATION SVNEW+285.0K285.0K+$19M$19M
ATVIEURACTIVISION BLIZZARD INCNEW+185.0K185.0K+$14M$14M
INTUINTUITADDED+45.0K55.0K+$18M$21M
SPDR S&P 500 ETF TRSOLD OUT−42.0K0−$15M$0
BBWIBATH & BODY WORKS INCTRIMMED−400.0K400.0K−$9M$17M
IFFINTERNATIONAL FLAVORS&FRAGRATRIMMED−512.5K4.45M+$16M$467M

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

Holdings — Q4 2022

7 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IFFINTERNATIONAL FLAVORS&FRAGRACOM · CALL71.14%$538M4.46M
2IRTCIRHYTHM TECHNOLOGIES INChistory →COM15.85%$120M1.28M
3FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS3.51%$27M340.0K
4INTUINTUIThistory →COM2.83%$21M55.0K
5FISFIDELITY NATL INFORMATION SVhistory →COM2.56%$19M285.0K
6BBWIBATH & BODY WORKS INChistory →COM2.23%$17M400.0K
7ATVIEURACTIVISION BLIZZARD INChistory →COM1.87%$14M185.0K

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 ↗.