Q2 2026 13F · SEC CIK 1894188
Saraza Management, LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $238.9M
- Reported positions
- 18
- Top holdings a year, 3 yrs
- +17.2%
- Assets under management
- $366.5M
Saraza Management, LP is a hedge fund that reported 18 positions worth $238.9M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Visa Inc (V, 8.2%), Taiwan Semiconductor Manufac (TSM, 7.5%), Capital One Finl Corp (COF, 7.5%). A portfolio copying its top holdings returned 17.2% a year over the last 3 years, against 20.4% for the S&P 500.
Saraza Management, LP holdings all 18 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| VVisa Inc | 8.2% | -14.5% | $19.6M |
| TSMTaiwan Semiconductor Manufac | 7.5% | -16.5% | $17.9M |
| COFCapital One Finl Corp | 7.5% | +3.1% | $17.9M |
| AONAon PLC | 7.0% | -11.6% | $16.8M |
| BNBrookfield Corp | 7.0% | -12.7% | $16.8M |
| JCIJohnson Controls Internation | 6.7% | +10.4% | $16.0M |
| APHAmphenol Corp | 6.6% | -14.6% | $15.8M |
| AMZNAmazon Com Inc | 5.9% | -18.5% | $14.2M |
| NUNu Hldgs Ltd | 5.7% | +8.2% | $13.6M |
| CPNGCoupang Inc | 5.2% | +16.0% | $12.5M |
| ADIAnalog Devices Inc | 5.1% | +3.8% | $12.2M |
| MSFTMicrosoft Corp | 4.8% | -9.7% | $11.5M |
| NVDANvidia Corporation | 4.7% | +21.4% | $11.3M |
| ARESAres Management Corp | 4.5% | +59.8% | $10.7M |
| STXSeagate Technology Hldngs Pl | 4.2% | — | $10.0M |
| UNPUnion Pac Corp | 3.4% | — | $8.2M |
| SITMSitime Corp | 3.0% | -49.9% | $7.2M |
| LPLALpl Finl Hldgs Inc | 2.9% | -29.2% | $6.9M |
What Saraza Management, LP bought and sold in Q2 2026, against Q1 2026.
New positions
- STX Seagate Technology Hldngs Pl4.2% of 13F
- UNP Union Pac Corp3.4% of 13F
Added to
- ARES Ares Management Corp+59.8% shares
- NVDA Nvidia Corporation+21.4% shares
- CPNG Coupang Inc+16.0% shares
- JCI Johnson Controls Internation+10.4% shares
- NU Nu Hldgs Ltd+8.2% shares
Reduced
- SITM Sitime Corp-49.9% shares
- LPLA Lpl Finl Hldgs Inc-29.2% shares
- AMZN Amazon Com Inc-18.5% shares
- TSM Taiwan Semiconductor Manufac-16.5% shares
- APH Amphenol Corp-14.6% shares
- V Visa Inc-14.5% shares
- BN Brookfield Corp-12.7% shares
- AON Aon PLC-11.6% shares
Sold out
- WCN Waste Connections Incwas 6.7%
- INTU Intuitwas 3.0%
- MLM Martin Marietta Matls Incwas 2.7%
- NOK Nokia Corpwas 0.3%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +12.5% /yr
- S&P 500 +20.1%
- 3 years
- +17.2% /yr
- S&P 500 +20.4%
- 5 years
- +3.8% /yr
- S&P 500 +15.8%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $238.9M | 18 |
| Q1 2026 | $238.6M | 20 |
| Q4 2025 | $259.0M | 15 |
| Q3 2025 | $280.7M | 14 |
| Q2 2025 | $414.0M | 18 |
| Q1 2025 | $328.3M | 21 |
| Q4 2024 | $358.6M | 17 |
| Q3 2024 | $345.4M | 17 |
| Q2 2024 | $300.4M | 12 |
| Q1 2024 | $385.4M | 14 |
| Q4 2023 | $427.9M | 15 |
| Q3 2023 | $454.9M | 14 |
Questions about Saraza Management, LP's portfolio
What stocks does Saraza Management, LP own?
Saraza Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 18 positions worth $238.9M. The largest are Visa Inc (V) at 8.2%, Taiwan Semiconductor Manufac (TSM) at 7.5%, Capital One Finl Corp (COF) at 7.5%, Aon PLC (AON) at 7.0% and Brookfield Corp (BN) at 7.0%.
What did Saraza Management, LP buy last quarter?
In Q2 2026, Saraza Management, LP added a new position in Seagate Technology Hldngs Pl (STX), a new position in Union Pac Corp (UNP), Ares Management Corp (ARES) (+59.8% shares), Nvidia Corporation (NVDA) (+21.4% shares) and Coupang Inc (CPNG) (+16.0% shares), compared with its Q1 2026 filing.
What did Saraza Management, LP sell last quarter?
In Q2 2026, Saraza Management, LP sold all of Waste Connections Inc (WCN), sold all of Intuit (INTU), sold all of Martin Marietta Matls Inc (MLM), sold all of Nokia Corp (NOK), Sitime Corp (SITM) (-49.9% shares), Lpl Finl Hldgs Inc (LPLA) (-29.2% shares) and Amazon Com Inc (AMZN) (-18.5% shares), compared with its Q1 2026 filing.
How has Saraza Management, LP's portfolio performed?
A portfolio copying Saraza Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.5% against +20.1%. Over 5 years: +3.8% a year against +15.8%.
When is Saraza Management, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Saraza Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Saraza Management, LP manage?
Saraza Management, LP reported $366.5M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $238.9M.