This Hedge Fund is Up 88% This Year, Here is What It's Buying
In this article, we present the stock picks of a top performing hedge fund that is up 88% this year.
CAS Investment Partners (CAS) is a Connecticut-based hedge fund management firm established by Clifford Sosin in 2012. The company's objective is to build a concentrated portfolio of tradable credit and equity instruments, utilizing both long and short positions to outperform the S&P 500 over time. CAS adopts a flexible approach, devoid of any specific directional market bias or asset class preference. Instead, the firm's market and asset class exposure are determined by its assessment of individual securities' risks and anticipated returns.
Prior to founding CAS, Clifford Sosin held directorial roles in the fundamental investment group at UBS and served as an analyst at Silver Point Capital. Clifford reflects on his tenure at UBS, the effectiveness of the bankruptcy system, his methods for sourcing ideas, and the mental models he employs. He also shares insights on potential reforms for the banking system.
CAS Investment Partners currently manages assets for 4 clients, totaling $951,083,043 in discretionary assets under management as per their Form ADV filed on March 2024. Their latest 13F filing for Q4 2023 reveals holdings valued at $826,690,750, with a top 10 holdings concentration of 100.0%. The largest holding in CAS Investment Partners' portfolio is Carvana Co, with 6,827,803 shares held.
