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Livermore
Livermore
ZHEN

Caas Capital Management LP

SEC CIK
0001802881
Latest filing
May 1, 2025

The latest 13F from Caas Capital Management LP covers Q1 2025 (filed May 1, 2025): 173 long positions worth $211.0M. The top 10 holdings make up 41.6% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 8.2%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 2024: 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
96
Est. +$74.7M
Added
27
Est. +$38.4M
Reduced
16
Est. −$18.4M
Sold out
28
Est. −$7.68M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    8.2%$17.3MHistory
  2. SPYSPDR S&P 500 ETF Trust
    7.2%$15.2MHistory
  3. MSFTMicrosoft Corp
    5.7%$11.9MHistory
  4. AAPLApple Inc.
    5.2%$11.0MHistory
  5. NXTNextpower Inc.
    3.7%$7.79MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGLAlphabet Inc.
    +$13.8MAddedHistory
  2. AAPLApple Inc.
    +$11.0MNewHistory
  3. MSFTMicrosoft Corp
    +$7.29MAddedHistory
  4. MRPMillrose Properties, Inc.
    +$6.49MNewHistory
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$4.27MNewHistory

Largest weight increases

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

  1. AAPLApple Inc.
    +5.19 pp0.0% → 5.2%History
  2. GOOGLAlphabet Inc.
    +4.66 pp3.5% → 8.2%History
  3. MRPMillrose Properties, Inc.
    +3.08 pp0.0% → 3.1%History
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +2.02 pp0.0% → 2.0%History
  5. KRMNKarman Holdings Inc.
    +1.51 pp0.0% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NXTNextpower Inc.
    −$6.87MReducedHistory
  2. SPYSPDR S&P 500 ETF Trust
    −$6.67MReducedHistory
  3. ZMZoom Communications, Inc.
    −$1.63MSold outHistory
  4. AMZNAmazon Com Inc
    −$1.45MReducedHistory
  5. BPBP PLC
    −$1.41MReducedHistory

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −11.73 pp18.9% → 7.2%History
  2. NXTNextpower Inc.
    −6.81 pp10.5% → 3.7%History
  3. AMZNAmazon Com Inc
    −1.60 pp1.8% → 0.2%History
  4. ZMZoom Communications, Inc.
    −1.34 pp1.3% → 0.0%History
  5. VVisa Inc.
    −1.07 pp2.0% → 0.9%History

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$211.0M
+$90.0M (+74.3%) vs. prior quarter
Positions
173
+68 vs. prior quarter
Top 10 concentration
41.6%
Top 10 as share of value
Turnover
15.7%
Q1 2025, one quarter
Average holding period
2.9 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

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

Peak $3.31B (Q1 2021)

Q1 2021: $3.31BQ2 2021: $1.87BQ3 2021: $1.33BQ4 2021: $1.09BQ1 2022: $568.0MQ2 2022: $736.4MQ3 2022: $761.2MQ4 2022: $520.0MQ1 2023: $308.8MQ2 2023: $208.4MQ3 2023: $450.3MQ4 2023: $105.4MQ1 2024: $235.2MQ2 2024: $53.5MQ3 2024: $146.7MQ4 2024: $121.0MQ1 2025: $211.0M
Q1 2021Q1 2025
13F filings of Caas Capital Management LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 1, 2025173$211.0MGOOGLSPYMSFTvs. Q4 2024SEC
Q4 2024Jan 24, 2025105$121.0MSPYNXTMSFTvs. Q3 2024SEC
Q3 2024Oct 28, 202497$146.7MSPYNXTInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 15, 202474$53.5MNXTCPRIGRALvs. Q1 2024SEC
Q1 2024Apr 26, 2024118$235.2MSPYATMUNXTvs. Q4 2023SEC
Q4 2023Feb 14, 2024142$105.4MKVUEAERACLXvs. Q3 2023SEC
Q3 2023Nov 14, 2023227$450.3MKVUECRHSPYvs. Q2 2023SEC
Q2 2023Aug 14, 2023212$208.4MCORNFYSKVUEvs. Q1 2023SEC
Q1 2023May 15, 2023279$308.8MNFYSSwiftmerge Acquisition CorpRIVNvs. Q4 2022SEC
Q4 2022Feb 14, 2023448$520.0MSPYCORNFYSvs. Q3 2022SEC
Q3 2022Nov 14, 2022493$761.2MADCCEGPMvs. Q2 2022SEC
Q2 2022Aug 15, 2022481$736.4MRIVNACIWBDvs. Q1 2022SEC
Q1 2022May 13, 2022334$568.0MACICEGARWRvs. Q4 2021SEC
Q4 2021Feb 14, 2022415$1.09BSPYCMIBMYvs. Q3 2021SEC
Q3 2021Nov 15, 2021561$1.33BCMCSASTTDOCNvs. Q2 2021SEC
Q2 2021Aug 16, 2021673$1.87BLUMDBWSCvs. Q1 2021SEC
Q1 2021May 17, 2021711$3.31BTMEVIPSFarfetch Ltd–SEC

13D and 13G filings

Companies where Caas Capital Management LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Caas Capital Management LP does not currently report owning 5% or more of any company.

Latest filings

20 filings on file made by Caas Capital Management LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Caas Capital Management LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ANNAAleAnna, Inc.Feb 13, 202413G/AOld format–––SEC
RCACRevelstone Capital Acquisition Corp.Feb 13, 202413G/AOld format–––SEC
JAQCJupiter Acquisition CorpFeb 13, 202413G/AOld format–––SEC
IXAQFIX Acquisition Corp.Feb 13, 202413G/AOld format–––SEC
NFYSEnphys Acquisition Corp.Feb 13, 202413G/AOld format–––SEC
NFYSEnphys Acquisition Corp.Feb 10, 202313G/AOld format–––SEC
ANNAAleAnna, Inc.Feb 9, 202313GOld format–––SEC
ANNAAleAnna, Inc.Feb 9, 202313G/AOld format–––SEC
RCACRevelstone Capital Acquisition Corp.Feb 9, 202313GOld format–––SEC
RCACRevelstone Capital Acquisition Corp.Feb 9, 202313G/AOld format–––SEC
JAQCJupiter Acquisition CorpFeb 9, 202313GOld format–––SEC
JAQCJupiter Acquisition CorpFeb 9, 202313G/AOld format–––SEC
IXAQFIX Acquisition Corp.Feb 9, 202313GOld format–––SEC
IXAQFIX Acquisition Corp.Feb 9, 202313G/AOld format–––SEC
NFYSEnphys Acquisition Corp.Feb 9, 202313GOld format–––SEC
ANNAAleAnna, Inc.Mar 21, 202213GOld format–New–SEC
NFYSEnphys Acquisition Corp.Mar 21, 202213GOld format–New–SEC
JAQCJupiter Acquisition CorpMar 21, 202213GOld format–New–SEC
RCACRevelstone Capital Acquisition Corp.Mar 21, 202213GOld format–New–SEC
IXAQFIX Acquisition Corp.Mar 21, 202213GOld format–New–SEC