CAS Investment Partners, LLC

CIK 0001697591 · Q2 2026

13F Equity AUM

$1.9B

+7.7% QoQ

Positions

+1 QoQ

AUM Rank

#2,412

Top 19%

Skill Alpha (FF)

+10.0%/yr^ns

No Clear Edge

Rank #363 · Top 4%

vs S&P +12.9%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 99.9%Top 10: 100.0%Top 20: 100.0%

CVNA78.8%

HGV14.5%

META4.1%

VAC2.2%

SWIM0.3%

CDLX0.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical95.5%

Communication Services4.2%

Other0.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 6Median: 3.12%Avg: 16.67%

0–0.5%

2(0.4%)

0.5–1%

0(0.0%)

1–3%

1(2.2%)

3–5%

1(4.1%)

5%+

2(93.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 6vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased1Decreased3Exited1

New Positions

META4.1%

+136K

VAC2.2%

+400K

Increased

CVNA78.8%

+18.0M(+397%)

Decreased

CDLX0.1%

-4,727,081(-91%)

HGV14.5%

-33,035(-1%)

SWIM0.3%

-5,906(-1%)

Exited

COF

-575,548

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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