Skip to main content
Livermore
Livermore
ZHEN

CAS Investment Partners, LLC

SEC CIK
0001697591
Latest filing
Aug 14, 2026

The latest 13F from CAS Investment Partners, LLC covers Q2 2026 (filed Aug 14, 2026): 6 long positions worth $1.88B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Carvana Co. (CVNA) at 78.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$117.5M
Added
0
Reduced
4
Est. −$11.7M
Sold out
1
Est. −$105.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. CVNACarvana Co.
    78.9%$1.48BHistory
  2. HGVHilton Grand Vacations Inc.
    14.5%$272.7MHistory
  3. METAMeta Platforms, Inc.
    4.1%$76.7MHistory
  4. VACMarriott Vacations Worldwide Corp
    2.2%$40.8MHistory
  5. SWIMLatham Group, Inc.
    0.3%$5.97MHistory

Share of portfolio

Top 5 holdings and the other 1 position, by share of portfolio value

  1. CVNA78.9%
  2. HGV14.5%
  3. META4.1%
  4. VAC2.2%
  5. SWIM0.3%
  6. Other 1 position0.1%

Biggest buys

New and added positions, by estimated amount bought

  1. METAMeta Platforms, Inc.
    +$76.7MNewHistory
  2. VACMarriott Vacations Worldwide Corp
    +$40.8MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. METAMeta Platforms, Inc.
    +4.08 pp0.0% → 4.1%History
  2. VACMarriott Vacations Worldwide Corp
    +2.16 pp0.0% → 2.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. COFCapital One Financial Corp
    −$105.0MSold outHistory
  2. CVNACarvana Co.
    −$9.67MReducedConverted for a 5-for-1 splitHistory
  3. HGVHilton Grand Vacations Inc.
    −$1.73MReducedHistory
  4. CDLXCardlytics, Inc.
    −$219.2KReducedConverted for a 1-for-10 splitHistory
  5. SWIMLatham Group, Inc.
    −$38.2KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. COFCapital One Financial Corp
    −6.01 pp6.0% → 0.0%History
  2. CVNACarvana Co.
    −2.82 pp81.7% → 78.9%History
  3. CDLXCardlytics, Inc.
    −0.20 pp0.3% → 0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.88B
+$135.0M (+7.7%) vs. prior quarter
Positions
6
+1 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
6.4%
Q2 2026, one quarter
Average holding period
20.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.35B (Q2 2021)

Q1 2021: $1.96BQ2 2021: $2.35BQ3 2021: $2.10BQ4 2021: $1.92BQ1 2022: $1.49BQ2 2022: $659.5MQ3 2022: $547.7MQ4 2022: $418.7MQ1 2023: $487.5MQ2 2023: $656.8MQ3 2023: $780.0MQ4 2023: $826.7MQ1 2024: $1.12BQ2 2024: $1.28BQ3 2024: $1.51BQ4 2024: $1.72BQ1 2025: $1.54BQ2 2025: $2.05BQ3 2025: $2.24BQ4 2025: $2.34BQ1 2026: $1.75BQ2 2026: $1.88B
Q1 2021Q2 2026
13F filings of CAS Investment Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20266$1.88BCVNAHGVMETAvs. Q1 2026SEC
Q1 2026May 15, 20265$1.75BCVNAHGVCOFvs. Q4 2025SEC
Q4 2025Feb 17, 20265$2.34BCVNAHGVCOFvs. Q3 2025SEC
Q3 2025Nov 14, 20255$2.24BCVNAHGVCOFvs. Q2 2025SEC
Q2 2025Aug 14, 20254$2.05BCVNAHGVCOFvs. Q1 2025SEC
Q1 2025May 15, 20254$1.54BCVNAHGVCOFvs. Q4 2024SEC
Q4 2024Feb 14, 20254$1.72BCVNAHGVCOFvs. Q3 2024SEC
Q3 2024Nov 14, 20245$1.51BCVNAHGVCOFvs. Q2 2024SEC
Q2 2024Aug 14, 20245$1.28BCVNAHGVCOFvs. Q1 2024SEC
Q1 2024May 15, 20245$1.12BCVNAHGVCOFvs. Q4 2023SEC
Q4 2023Feb 14, 20245$826.7MCVNAHGVWRLDvs. Q3 2023SEC
Q3 2023Nov 14, 20235$780.0MCVNAHGVWRLDvs. Q2 2023SEC
Q2 2023Aug 14, 20235$656.8MHGVCVNAWRLDvs. Q1 2023SEC
Q1 2023May 15, 20235$487.5MHGVCVNAWRLDvs. Q4 2022SEC
Q4 2022Feb 14, 20236$418.7MHGVWRLDCVNAvs. Q3 2022SEC
Q3 2022Nov 14, 20225$547.7MHGVCVNAWRLDvs. Q2 2022SEC
Q2 2022Aug 15, 20225$659.5MHGVCVNACDLXvs. Q1 2022SEC
Q1 2022May 16, 20226$1.49BCVNAHGVCDLXvs. Q4 2021SEC
Q4 2021Feb 14, 20226$1.92BCVNAHGVCDLXvs. Q3 2021SEC
Q3 2021Nov 15, 20216$2.10BCVNACDLXHGVvs. Q2 2021SEC
Q2 2021Aug 13, 20216$2.35BCVNACDLXHOMEvs. Q1 2021SEC
Q1 2021May 17, 20216$1.96BCVNACDLXHOME–SEC

13D and 13G filings

Companies where CAS Investment Partners, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where CAS Investment Partners, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CDLXCardlytics, Inc.13D/A9.80%5.20M shares−1.20 ppfrom 11.00%Feb 16, 202110 filingsAug 20, 2025SEC
HGVHilton Grand Vacations Inc.13D6.50%5.07M shares–Feb 14, 20224 filingsAug 14, 2026SEC

Latest filings

30 filings on file made by CAS Investment Partners, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by CAS Investment Partners, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
HGVHilton Grand Vacations Inc.Aug 14, 202611:01 AM ET13D6.50%5.07M shares–Aug 9, 2026SEC
CDLXCardlytics, Inc.Aug 20, 20254:00 PM ET13D/A9.80%5.20M shares−1.20 ppfrom 11.00%Aug 19, 2025SEC
CVNACarvana Co.May 15, 202511:43 AM ET13G/A4.20%5.69M shares–Below 5%Mar 31, 2025SEC
CDLXCardlytics, Inc.Jan 3, 20257:51 PM ET13D/A11.00%5.61M shares–Dec 31, 2024SEC
WRLDWorld Acceptance CorpNov 14, 202413G/AOld format–––SEC
CVNACarvana Co.Nov 14, 202413G/AOld format–––SEC
CDLXCardlytics, Inc.Jul 2, 202413D/AOld format–––SEC
CDLXCardlytics, Inc.Mar 29, 202413D/AOld format–––SEC
CDLXCardlytics, Inc.Mar 18, 202413D/AOld format–––SEC
CVNACarvana Co.Feb 14, 202413G/AOld format–––SEC
HGVHilton Grand Vacations Inc.Feb 14, 202413G/AOld format–––SEC
WRLDWorld Acceptance CorpFeb 14, 202413G/AOld format–––SEC
CDLXCardlytics, Inc.Sep 19, 202313D/AOld format–––SEC
CDLXCardlytics, Inc.Jun 23, 202313DOld format–––SEC
HGVHilton Grand Vacations Inc.Feb 14, 202313G/AOld format–––SEC
CVNACarvana Co.Feb 14, 202313GOld format–––SEC
WRLDWorld Acceptance CorpFeb 14, 202313G/AOld format–––SEC
CDLXCardlytics, Inc.Feb 14, 202313G/AOld format–––SEC
PRTYParty City Holdco Inc.Jan 18, 202313G/AOld format–––SEC
PRTYParty City Holdco Inc.Apr 18, 202213G/AOld format–––SEC