SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Saraza Management, LP

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

Reported Value
$435M
Q1 2024
Positions
17
Filings on Record
18
2019–present window
Filed
May 15, 2024
original filing

Summary

Saraza Management, LP reported $435M in U.S.-listed holdings across 17 positions for Q1 2024.

The portfolio is heavily concentrated: IFF alone accounts for 23.1% of reported value.

Compared with Q4 2023, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+23.1%
vs prior filed quarter
Top-10 Concentration
+75.4%
share of reported value
Largest Position
+23.1%
International Flavors Fragra
New / Exited
4 / 4
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: 84.7%ADR: 10.3%Other: 5.0%
  • Common Stock · 84.7% · $369M
  • ADR · 10.3% · $45M
  • Other · 5.0% · $22M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AON PLCNEW+65.0K65.0K+$22M$22M
GENERAL ELECTRIC CONEW+118.0K118.0K+$21M$21M
EPAMEPAM SYS INCNEW+52.5K52.5K+$14M$14M
ITGARTNER INCNEW+25.0K25.0K+$12M$12M
IRTCIRHYTHM TECHNOLOGIES INCSOLD OUT−350.0K0−$37M$0
HUMHUMANA INCSOLD OUT−40.0K0−$18M$0
MTNVAIL RESORTS INCSOLD OUT−77.5K0−$17M$0
FDXFEDEX CORPSOLD OUT−35.0K0−$9M$0

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

Holdings — Q1 2024

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM23.06%$100M1.17M
2FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS10.32%$45M345.0K
3AMZNAMAZON COM INChistory →COM7.25%$32M175.0K
4ICEINTERCONTINENTAL EXCHANGE INhistory →COM5.68%$25M180.0K
5CSXCSX CORPhistory →COM5.32%$23M625.0K
6AON PLCSHS CL A4.98%$22M65.0K
7TRUTRANSUNIONhistory →COM4.86%$21M265.0K
8MSFTMICROSOFT CORPhistory →COM4.83%$21M50.0K
9GENERAL ELECTRIC COCOM NEW4.76%$21M118.0K
10VVISA INChistory →COM CL A4.33%$19M67.5K
11DUTMOODYS CORPhistory →COM4.06%$18M45.0K
12EPAMEPAM SYS INChistory →COM3.33%$14M52.5K
13SHWSHERWIN WILLIAMS COhistory →COM3.00%$13M37.6K
14ITGARTNER INChistory →COM2.74%$12M25.0K

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 ↗.