SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Saraza Management, LP

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

Reported Value
$335M
Q1 2025
Positions
22
Filings on Record
18
2019–present window
Filed
May 14, 2025
original filing

Summary

Saraza Management, LP reported $335M in U.S.-listed holdings across 22 positions for Q1 2025.

Its largest position, BN, represents 7.7% of the portfolio.

Compared with Q4 2024, the fund opened 12 new positions and exited 7.

Portfolio Metrics

Turnover
+45.8%
vs prior filed quarter
Top-10 Concentration
+66.3%
share of reported value
Largest Position
+7.7%
Brookfield
New / Exited
12 / 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: 76.9%Other: 16.7%ADR: 6.4%
  • Common Stock · 76.9% · $257M
  • Other · 16.7% · $56M
  • ADR · 6.4% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BNBROOKFIELD CORPNEW+490.0K490.0K+$26M$26M
WSTWEST PHARMACEUTICAL SVSC INCNEW+110.0K110.0K+$25M$25M
DHRDANAHER CORPORATIONNEW+115.0K115.0K+$24M$24M
AMAZON COM INCNEW+115.0K115.0K+$22M$22M
PRMBPRIMO BRANDS CORPORATIONNEW+460.0K460.0K+$16M$16M
BKNGBOOKING HOLDINGS INCNEW+2.6K2.6K+$12M$12M
SHWSHERWIN WILLIAMS CONEW+31.0K31.0K+$11M$11M
PCORPROCORE TECHNOLOGIES INCNEW+135.0K135.0K+$9M$9M

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

Holdings — Q1 2025

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BNBROOKFIELD CORPhistory →CL A LTD VT SH7.67%$26M490.0K
2WSTWEST PHARMACEUTICAL SVSC INChistory →COM7.35%$25M110.0K
3DHRDANAHER CORPORATIONhistory →COM7.04%$24M115.0K
4COFCAPITAL ONE FINL CORPhistory →COM7.01%$23M131.0K
5MSFTMICROSOFT CORPhistory →COM6.73%$23M60.0K
6AMAZON COM INCCOM6.53%$22M115.0K
7TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS6.40%$21M129.0K
8AON PLCSHS CL A6.14%$21M51.5K
9CPNGCOUPANG INChistory →CL A5.96%$20M910.0K
10INTUINTUIThistory →COM5.50%$18M30.0K
11PRMBPRIMO BRANDS CORPORATIONhistory →CLASS A COM SHS4.88%$16M460.0K
12WDAYWORKDAY INChistory →CL A4.18%$14M60.0K
13TRUTRANSUNIONhistory →COM3.90%$13M157.5K
14APHAMPHENOL CORP NEWhistory →CL A3.87%$13M197.5K
15BKNGBOOKING HOLDINGS INChistory →COM3.58%$12M2.6K
16SHWSHERWIN WILLIAMS COhistory →COM3.23%$11M31.0K
17EXPEEXPEDIA GROUP INChistory →COM NEW3.16%$11M63.0K
18PCORPROCORE TECHNOLOGIES INChistory →COM2.66%$9M135.0K
19NU HLDGS LTDORD SHS CL A2.06%$7M675.0K
20DALDELTA AIR LINES INC DELCOM NEW0.12%$392,4009.0K
21LPLALPL FINL HLDGS INCCOM0.05%$163,570500

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 ↗.