Clifford Sosin portfolio & holdings
CAS Investment Partners
Historical clone performance and limitations
Clifford Sosin (CAS Investment Partners) discloses a $1.88B portfolio across 6 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is CVNA at 78.9% of the book.
A material reported change · Q2 2026
Clifford Sosin reported no remaining COF position.
Holdings as of Jun 30, 2026 · filed Aug 14, 2026. Previously 6.0% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (6) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | CVNA | 78.9% | $1.48B | |||
| 2 | HGV | 14.5% | $273M | |||
| 3 | META | 4.1% | $77M | |||
| 4 | VAC | 2.2% | $41M | |||
| 5 | SWIM | 0.3% | $6M | |||
| 6 | CDLX | 0.1% | $2M |
- 1CVNAport78.9%val$1.48BCarvana COthis Q hold·34q
- 2HGVport14.5%val$273MHilton Grand Vacations Incthis Q hold·20q
- 3METAport4.1%val$77MMeta Platforms Inc-class Athis Q New·—1q
- 4VACport2.2%val$41MMarriott Vacations Worldthis Q New·—1q
- 5SWIMport0.3%val$6MLatham Group Incthis Q hold·4q
- 6CDLXport0.1%val$2MCardlytics Incthis Q hold·29q
2026Q2 moves, by size (3)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| COF | Capital One Financial Corp | EXIT | 6.0% | -100% | $0 |
| META | Meta Platforms Inc-class A | NEW | 4.1% | +100% | $77M |
| VAC | Marriott Vacations World | NEW | 2.2% | +100% | $41M |
- EXITCOF6.0%Capital One Financial CorpΔ -100%·$0
- NEWMETA4.1%Meta Platforms Inc-class AΔ +100%·$77M
- NEWVAC2.2%Marriott Vacations WorldΔ +100%·$41M
About Clifford Sosin
Clifford Sosin runs CAS Investment Partners as an intensely concentrated long-only equity fund — five positions, with roughly 82% of the disclosed portfolio sitting in Carvana (CVNA) as of the latest filing. That positioning is not a recent development; Sosin has been a prominent Carvana bull through the stock's full cycle, including its near-bankruptcy episode in 2022, and has written publicly about his long-term thesis on the company's unit economics and used-car marketplace durability. His style sits in the tradition of high-conviction fundamental value investing, closer to a private-equity ownership mentality than a diversified long book. With only five reported equity positions and a top-five concentration of 100%, the 13F is essentially the entire picture of his long exposure — there is little hidden in a long tail. Readers should note, however, that any short positions, options overlays, or derivatives would not appear here, and that a single-stock weight of this magnitude makes the portfolio's reported performance inseparable from CVNA's own.
2026Q2 brief
Clifford Sosin's CAS Investment Partners runs one of the most concentrated books among all super-investors, and Q2 2026 only reinforced that identity: CVNA now sits at a staggering 78.9% of a $1.88B portfolio, effectively making CAS a single-stock fund. The quarter's activity was modest but directional — Sosin exited COF (previously 6.0%) and rotated into two new positions: META (4.1%) and VAC (Marriott Vacations, 2.2%). The META initiation is notable given that it's a consensus super-investor holding (also held by Tiger Global, Giverny, and FPA this quarter), but Sosin's version of consensus is always filtered through deep value logic. HGV (Hilton Grand Vacations, 14.5%) and VAC together suggest a deliberate thesis around the timeshare/vacation-ownership sector's capital-light, recurring-revenue model. With CVNA continuing its run, the portfolio's fate is almost entirely tied to Carvana's execution. Watch next filing for any trimming of CVNA — even a 5-10% reduction would be the most significant signal Sosin has sent in years.
AI-generated. Not investment advice.
Filing history
Clifford Sosin's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 6 | $1.88B |
| Q1 2026 holdings | 5 | $1.75B |
| Q4 2025 holdings | 5 | $2.34B |
| Q3 2025 — what changed → | 5 | $2.24B |
| Q2 2025 holdings | 4 | $2.05B |
| Q1 2025 holdings | 4 | $1.54B |
| Q4 2024 holdings | 4 | $1.72B |
| Q3 2024 holdings | 5 | $1.51B |
| Q2 2024 holdings | 5 | $1.28B |
| Q1 2024 holdings | 5 | $1.12B |
| Q4 2023 holdings | 5 | $827M |
| Q3 2023 holdings | 5 | $780M |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
2 material decisions, preserved in sequence.
See what Clifford Sosin bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Clifford Sosin's decision evidence →Frequently asked questions
- What stocks does Clifford Sosin own?
- As of 2026Q2, Clifford Sosin's 13F discloses 6 positions worth $1.88B. The top five holdings: CVNA (78.9%), HGV (14.5%), META (4.1%), VAC (2.2%), SWIM (0.3%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Clifford Sosin buy this quarter?
- In 2026Q2, the filing shows 2 new positions and 0 additions to existing holdings. The largest positions touched by buying: META, VAC.
- How big is Clifford Sosin's portfolio?
- $1.88B across 6 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 100% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001697591). Not investment advice.