CAS Investment Partners, LLC Long-Term Concentrated

CIK: 0001697591 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,337,080 (100.0% shares, 0.0% debt)

Holdings (5)

New Positions (2)

— HILTON GRAND VACATIONS 10.2%

Value ($000) $237,953 Shares 5,317,380 Est. Cost $44.75 Unrealized —

— CARDLYTICS, INC. 0.3%

Value ($000) $5,978 Shares 5,198,067 Est. Cost $1.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	HILTON GRAND VACATIONS	5,317,380	$237,953	10.2%	$44.75	—	COM	43283x105
—	CARDLYTICS, INC.	5,198,067	$5,978	0.3%	$1.15	—	COM	14161w105

Exited Positions (2)

HGV HILTON GRAND VACATIONS INC 10.1%

Value ($000) $235,966 Shares 5,643,776 Est. Cost $43.97 Unrealized -3.4%

CDLX CARDLYTICS INC 0.5%

Value ($000) $12,631 Shares 5,198,067 Est. Cost $44.27 Unrealized -96.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HGV	HILTON GRAND VACATIONS INC	5,643,776	$235,966	10.1%	$43.97	-3.4%	—	43283X105
CDLX	CARDLYTICS INC	5,198,067	$12,631	0.5%	$44.27	-96.5%	—	14161W105

Decreased Positions (3)

CVNA CARVANA CO CL A 83.2%

Value ($000) $1,945,597 (+5.5%) Shares 4,610,200 (-5.7%) Est. Cost $66.44 Unrealized +459.5%

SWIM LATHAM GROUP 0.3%

Value ($000) $5,984 (-21.4%) Shares 942,397 (-5.8%) Est. Cost $7.36 Unrealized -5.0%

COF CAPITAL ONE FINANCIAL CORP 6.1%

Value ($000) $141,569 (+0.1%) Shares 584,125 (-12.2%) Est. Cost $112.11 Unrealized +98.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO CL A	4,610,200 (-5.7%)	$1,945,597 (+5.5%)	83.2%	$66.44	+459.5%	COM	146869102
SWIM	LATHAM GROUP	942,397 (-5.8%)	$5,984 (-21.4%)	0.3%	$7.36	-5.0%	COM	51819L107
COF	CAPITAL ONE FINANCIAL CORP	584,125 (-12.2%)	$141,569 (+0.1%)	6.1%	$112.11	+98.2%	COM	14040H105