SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Saraza Management, LP

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

Reported Value
$359M
Q4 2024
Positions
17
Filings on Record
18
2019–present window
Filed
Feb 13, 2025
original filing

Summary

Saraza Management, LP reported $359M in U.S.-listed holdings across 17 positions for Q4 2024.

Its largest position, IFF, represents 12.1% of the portfolio.

Compared with Q3 2024, the fund opened 7 new positions and exited 7.

Portfolio Metrics

Turnover
+34.9%
vs prior filed quarter
Top-10 Concentration
+72.4%
share of reported value
Largest Position
+12.1%
International Flavors Fragra
New / Exited
7 / 7
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: 86.0%Other: 7.5%ADR: 6.5%
  • Common Stock · 86.0% · $309M
  • Other · 7.5% · $27M
  • ADR · 6.5% · $23M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COFCAPITAL ONE FINL CORPNEW+155.0K155.0K+$28M$28M
EXPEEXPEDIA GROUP INCNEW+110.0K110.0K+$20M$20M
CPNGCOUPANG INCNEW+870.0K870.0K+$19M$19M
WDAYWORKDAY INCNEW+56.4K56.4K+$15M$15M
APHAMPHENOL CORP NEWNEW+205.0K205.0K+$14M$14M
GWREGUIDEWIRE SOFTWARE INCNEW+40.0K40.0K+$7M$7M
UALUNITED AIRLS HLDGS INCNEW+60.0K60.0K+$6M$6M
BKNGBOOKING HOLDINGS INCSOLD OUT−5.0K0−$21M$0

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

Holdings — Q4 2024

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM12.14%$44M515.0K
2COFCAPITAL ONE FINL CORPhistory →COM7.71%$28M155.0K
3AON PLCSHS CL A7.51%$27M75.0K
4GE AEROSPACECOM NEW7.21%$26M155.0K
5MSFTMICROSOFT CORPhistory →COM6.93%$25M59.0K
6TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS6.47%$23M117.5K
7AMZNAMAZON COM INChistory →COM6.36%$23M104.0K
8ICEINTERCONTINENTAL EXCHANGE INhistory →COM6.23%$22M150.0K
9VVISA INChistory →COM CL A6.17%$22M70.0K
10EXPEEXPEDIA GROUP INChistory →COM NEW5.71%$20M110.0K
11INTUINTUIThistory →COM5.52%$20M31.5K
12CPNGCOUPANG INChistory →CL A5.33%$19M870.0K
13TRUTRANSUNIONhistory →COM5.17%$19M200.0K
14WDAYWORKDAY INChistory →CL A4.06%$15M56.4K
15APHAMPHENOL CORP NEWhistory →CL A3.97%$14M205.0K
16GWREGUIDEWIRE SOFTWARE INChistory →COM1.88%$7M40.0K
17UALUNITED AIRLS HLDGS INChistory →COM1.62%$6M60.0K

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 ↗.