Saraza Management, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Saraza Management, LP maintained a portfolio of 16 distinct positions. The most significant new addition to the portfolio was WASTE CONNECTIONS IN, which now represents 6.75% of the total fund value. They heavily accumulated shares in VISA INC, increasing their position by 11.3%. Conversely, Saraza Management, LP completely exited their position in UNION PAC CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
16
Quarter
2025 Q4
Top Holding
V (9.0%)
Top 10 Concentration
74.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-16 of 16
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
V
VISA INC
Financial Services 9.05% 7.30% #1 7
Prev: #8
5.7 6,800 11.3%
P
S
66,800 $23,427,428 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
AON PLC
Financial Services 8.82% 7.94% #2 4
Prev: #6
5.5 2,200 3.5%
P
S
64,700 $22,831,336 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 8.36% 8.76% #3 1
Prev: #2
3.4 -2,750 -5.8%
P
S
44,750 $21,641,995 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
BROOKFIELD CORP
Financial Services 8.12% 7.94% #4 1
Prev: #5
5.4 133,500 41.1%
P
S
458,500 $21,040,565 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 7.93% 8.21% #5 2
Prev: #3
3.2 -16,000 -15.2%
P
S
89,000 $20,542,980 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WCN
WASTE CONNECTIO...
Industrials 6.75% #6
Prev: #—
4.7 99,750 no change
NEW
99,750 $17,492,160 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORPORA...
Healthcare 6.65% 7.77% #7
Prev: #7
2.8 -34,750 -31.6%
P
S
75,250 $17,226,230 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 6.46% 7.95% #8 4
Prev: #4
2.7 -36,000 -34.3%
P
S
69,000 $16,722,840 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 6.13% 8.95% #9 8
Prev: #1
2.6 -37,750 -41.9%
P
S
52,250 $15,878,253 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APH
AMPHENOL CORP N...
Technology 5.90% 6.83% #10 1
Prev: #9
2.4 -42,000 -27.1%
P
S
113,000 $15,270,820 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LPLA
LPL FINL HLDGS ...
Financial Services 5.71% 5.93% #11
Prev: #11
2.3 -8,600 -17.2%
P
S
41,400 $14,786,838 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 5.60% 5.70% #12
Prev: #12
2.3 -133,500 -13.4%
P
S
866,500 $14,505,210 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JCI
JOHNSON CTLS IN...
Industrials 5.57% #13
Prev: #—
4.2 120,500 no change
NEW
120,500 $14,429,875 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ATI
ATI INC
Industrials 4.54% 6.09% #14 4
Prev: #10
2.0 -107,500 -51.2%
P
S
102,500 $11,762,900 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 4.41% 5.23% #15 1
Prev: #14
1.8 -4,250 -19.8%
P
S
17,250 $11,426,745 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UNP
UNION PAC CORP
Industrials 0.00% 5.39%
Sold All 😨
(Was: #13)
0.3 -64,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-16 of 16 holdings

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