CAS Investment Partners, LLC

trimmed Carvana. Portfolio down 25% to $1.7B.

$1.7B portfolio5 holdingstop 10 = 100%filed 2026-05-15

1CVNACarvana Co81.67%
$1.4B - 4.5M shares-69K
2HGVHilton Grand Vacations Inc11.73%
$205.0M - 5.2M shares-77K
3COFCapital One Finl Corp6.01%
$105.0M - 576K shares-9K
4CDLXCardlytics Inc0.31%
$5.5M - 5.2M shares-
5SWIMLatham Group Inc0.29%
$5.0M - 929K shares-14K

#	Stock
1	CVNACarvana Co	81.67%	$1.4B	4.5M	-69K
2	HGVHilton Grand Vacations Inc	11.73%	$205.0M	5.2M	-77K
3	COFCapital One Finl Corp	6.01%	$105.0M	576K	-9K
4	CDLXCardlytics Inc	0.31%	$5.5M	5.2M	-
5	SWIMLatham Group Inc	0.29%	$5.0M	929K	-14K

What a 13F does not show

Filed up to 45 days after the quarter ends, so this is Q1 2026, not today. US-listed shares and some options only. No short bets, cash, bonds, or foreign listings.