Managers / Q1 2026
Saraza Management, LP
CIK 0001894188 · 125 EAST 56TH STREET, 28TH FLOOR, NEW YORK, NY, 10022 · 646-860-0181
Summary
Saraza Management, LP reported $239M in U.S.-listed holdings across 20 positions for Q1 2026.
Its largest position, V, represents 8.5% of the portfolio.
Compared with Q4 2025, the fund opened 7 new positions and exited 2.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 74.4% · $178M
- Other · 18.9% · $45M
- ADR · 6.7% · $16M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CPNGCOUPANG INC | NEW | +618.5K | 618.5K | +$12M | $12M |
| ADIANALOG DEVICES INC | NEW | +29.6K | 29.6K | +$9M | $9M |
| NVDANVIDIA CORPORATION | NEW | +46.5K | 46.5K | +$8M | $8M |
| SITMSITIME CORP | NEW | +19.3K | 19.3K | +$7M | $7M |
| ARESARES MANAGEMENT CORPORATION | NEW | +60.0K | 60.0K | +$7M | $7M |
| MLMMARTIN MARIETTA MATLS INC | NEW | +10.8K | 10.8K | +$6M | $6M |
| NOKNOKIA CORP | NEW | +102.9K | 102.9K | +$827,316 | $827,316 |
| DHRDANAHER CORPORATION | SOLD OUT | −75.3K | 0 | −$17M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VVISA INChistory → | COM CL A | 8.47% | $20M | 66.8K |
| 2 | AON PLC | SHS CL A | 7.75% | $19M | 57.3K |
| 3 | BNBROOKFIELD CORPhistory → | CL A LTD VT SH | 7.66% | $18M | 451.5K |
| 4 | WCNWASTE CONNECTIONS INChistory → | COM | 6.65% | $16M | 97.7K |
| 5 | COFCAPITAL ONE FINL CORPhistory → | COM | 6.60% | $16M | 86.3K |
| 6 | AMZNAMAZON COM INChistory → | COM | 6.37% | $15M | 73.0K |
| 7 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 6.36% | $15M | 44.9K |
| 8 | NU HLDGS LTD | ORD SHS CL A | 5.66% | $14M | 940.0K |
| 9 | APHAMPHENOL CORP NEWhistory → | CL A | 5.57% | $13M | 105.2K |
| 10 | JOHNSON CTLS INTL PLC | SHS | 5.46% | $13M | 99.4K |
| 11 | MSFTMICROSOFT CORPhistory → | COM | 5.28% | $13M | 34.0K |
| 12 | CPNGCOUPANG INChistory → | CL A | 4.89% | $12M | 618.5K |
| 13 | LPLALPL FINL HLDGS INChistory → | COM | 4.36% | $10M | 34.6K |
| 14 | ADIANALOG DEVICES INChistory → | COM | 3.94% | $9M | 29.6K |
| 15 | NVDANVIDIA CORPORATIONhistory → | COM | 3.40% | $8M | 46.5K |
| 16 | INTUINTUIThistory → | COM | 3.03% | $7M | 16.7K |
| 17 | SITMSITIME CORPhistory → | COM | 2.79% | $7M | 19.3K |
| 18 | ARESARES MANAGEMENT CORPORATIONhistory → | CL A COM STK | 2.74% | $7M | 60.0K |
| 19 | MLMMARTIN MARIETTA MATLS INChistory → | COM | 2.68% | $6M | 10.8K |
| 20 | NOKNOKIA CORP | SPONSORED ADR | 0.35% | $827,316 | 102.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $239M | 20 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $259M | 15 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $281M | 14 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $414M | 18 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $335M | 22 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $359M | 17 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | Under review | 17 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | Under review | 13 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $435M | 17 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | Under review | 15 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | Under review | 11 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $604M | 9 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $756M | 8 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $662M | 5 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $788M | 3 | Jul 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $891M | 4 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $1.1B | 5 | Feb 14, 2022 | 13F-HR | changes · 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 ↗.