We are live on ! Find out more
CS

Clifford Sosin CAS Investment Partners

AUM $1.88B
1-Year Est. Return 2.5%
 

Clifford Sosin is the founder of CAS Investment Partners, known for an extremely concentrated portfolio and multi-year holding periods. The firm’s approach prioritizes a small number of businesses where it believes it has deep insight rather than broad diversification. CAS filings are frequently studied by investors interested in high-conviction, low-turnover equity management.

This Fund
S&P 500
This Quarter Est. Return
+27.12%
1 Year Est. Return
+2.5%
3 Year Est. Return
+526.82%
5 Year Est. Return
+243.18%
10 Year Est. Return
–
AUM
$229M
AUM Growth
+$47.4M
Cap. Flow
+$421K
Cap. Flow %
0.18%
Top 10 Hldgs %
100%
Holding
8
New
1
Increased
1
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
CVNA icon
Carvana
CVNA
+$40.1M
2
CACC icon
Credit Acceptance
CACC
+$9.61M

Top Sells

Rank Stock Value
1
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
+$18.7M
2
FOGO
Fogo de Chao, Inc. Common Stock
FOGO
+$13.4M
3
CMPR icon
Cimpress
CMPR
+$11.6M
4
URI icon
United Rentals
URI
+$5.55M

Sector Composition

Rank Sector Weight
1 Financials 43%
2 Consumer Staples 24.05%
3 Consumer Discretionary 20.1%
4 Industrials 12.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WRLD icon
1
World Acceptance Corp
WRLD
$878M
$63.5M 27.71%
602,791
– –
HLF icon
2
Herbalife
HLF
$1.33B
$55.1M 24.05%
1,130,482
– –
CVNA icon
3
Carvana
CVNA
$76.9B
$46M 20.1%
+10,040,340
New +$40.1M
CACC icon
4
Credit Acceptance
CACC
$6.24B
$35M 15.29%
105,986
+29,000
+38% +$9.61M
CMPR icon
5
Cimpress
CMPR
$2.13B
$29.4M 12.85%
190,199
-78,002
-29% -$11.6M
URI icon
6
United Rentals
URI
$68.4B
– –
-32,300
Closed -$5.55M
BFYT
7
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
– –
-750,183
Closed -$18.7M
FOGO
8
DELISTED
Fogo de Chao, Inc. Common Stock
FOGO
– –
-1,155,836
Closed -$13.4M

Similar funds

OQS
Occudo Quantitative Strategies Fort Lauderdale, Florida $1.88B AUM 35.68% 1-Year Est. Return
NCGI
Next Century Growth Investors Plymouth, Minnesota $1.89B AUM 151.53% 1-Year Est. Return
FFA
Fragasso Financial Advisors Sewickley, Pennsylvania $1.88B AUM 23.81% 1-Year Est. Return
Koshinski Asset Management
Koshinski Asset Management Decatur, Illinois $1.88B AUM 29.07% 1-Year Est. Return
PP
Patten & Patten Chattanooga, Tennessee $1.89B AUM 27.89% 1-Year Est. Return
OMC
Oasis Management Company Grand Cayman, Cayman Islands $1.88B AUM 54.21% 1-Year Est. Return
KCM
Kathmere Capital Management Wayne, Pennsylvania $1.89B AUM 26.04% 1-Year Est. Return
AP
Atwood & Palmer Kansas City, Missouri $1.87B AUM 24.22% 1-Year Est. Return

Clifford Sosin's Q1 2018 Portfolio in Review

As of Q1 2018, Clifford Sosin held 8 positions worth $229M, up 26% from $182M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Clifford Sosin's Q1 2018 filing shows 1 new, 1 increased, 1 reduced and 3 closed positions. Its largest new stake was Carvana: 10,040,340 shares worth $46M. The largest sale was Benefytt Technologies, Inc. Class A Common Stock, an estimated $18.7M.

By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 51% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.

  • Clifford Sosin's largest Q1 2018 buy was Carvana: 10,040,340 shares worth $46M.
  • Clifford Sosin added most to Credit Acceptance in Q1 2018, an estimated $9.61M increase.
  • Clifford Sosin's biggest Q1 2018 reduction was Cimpress, cutting an estimated $11.6M.
  • Clifford Sosin fully exited Benefytt Technologies, Inc. Class A Common Stock in Q1 2018, selling an estimated $18.7M.
  • Clifford Sosin's ten largest holdings make up 100% of its $229M portfolio in Q1 2018.
  • Clifford Sosin opened 1 new position and closed 3 in Q1 2018.
  • Clifford Sosin's portfolio value rose 26% quarter-over-quarter to $229M.

Based on CAS Investment Partners's 13F filing for Q1 2018, filed 15 May 2018.