# CAAS CAPITAL MANAGEMENT LP

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1802881. Source: https://holderbook.com/funds/1802881-caas-capital-management-lp/

- Reported value: $933.7M
- Positions: 227
- Weight of the ten largest: 44.6%
- Filed: 2025-05-01

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $71.3M | 111,770 | 7.6% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $67.0M | 31,815 | 7.2% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $59.0M | 49,336 | 6.3% | 20 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $41.2M | 41,425 | 4.4% | 20 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $38.3M | 6,546 | 4.1% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $32.4M | 4,175 | 3.5% | 21 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $30.6M | 3,098 | 3.3% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $27.0M | 25,700 | 2.9% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $26.6M | 37,926 | 2.9% | 21 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $23.3M | 21,876 | 2.5% | 21 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $20.8M | 24,235 | 2.2% | 10 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $18.4M | 6,515 | 2.0% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $17.3M | 1,047 | 1.9% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $16.6M | 5,375 | 1.8% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $15.2M | 27,191 | 1.6% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $12.3M | 1,708 | 1.3% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $12.2M | 34,968 | 1.3% | 15 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $11.7M | 39,405 | 1.3% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $11.3M | 3,495 | 1.2% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $10.5M | 5,115 | 1.1% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $9.4M | 3,752 | 1.0% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.1M | 1,650 | 1.0% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $8.1M | 0 | 0.9% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $8.0M | 14,035 | 0.9% | 3 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $7.8M | 184,829 | 0.8% | 5 |
| ROYAL CARIBBEAN GROUP | - | $7.7M | 7,955 | 0.8% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.8M | 2,227 | 0.7% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $6.8M | 0 | 0.7% | 4 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $6.5M | 244,894 | 0.7% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.1M | 14,363 | 0.7% | 6 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $5.6M | 0 | 0.6% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $5.4M | 6,394 | 0.6% | 4 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $5.4M | 5,849 | 0.6% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $5.2M | 7,330 | 0.6% | 3 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $5.2M | 7,670 | 0.6% | 1 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $5.1M | 4,350 | 0.5% | 4 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $5.0M | 0 | 0.5% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $5.0M | 4,384 | 0.5% | 17 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.8M | 0 | 0.5% | 1 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $4.7M | 132,527 | 0.5% | 2 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $4.7M | 3,970 | 0.5% | 2 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $4.6M | 17,112 | 0.5% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.6M | 1,660 | 0.5% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $4.5M | 470 | 0.5% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.5M | 2,340 | 0.5% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $4.2M | 5,461 | 0.5% | 3 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $4.2M | 73,529 | 0.5% | 6 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $4.2M | 41,206 | 0.5% | 7 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $4.2M | 1,350 | 0.4% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $4.1M | 5,650 | 0.4% | 3 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $4.1M | 6,471 | 0.4% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.0M | 0 | 0.4% | 10 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.8M | 8,107 | 0.4% | 3 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $3.7M | 593 | 0.4% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.6M | 0 | 0.4% | 5 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $3.5M | 12,360 | 0.4% | 11 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $3.5M | 0 | 0.4% | 1 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $3.5M | 0 | 0.4% | 3 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $3.4M | 2,910 | 0.4% | 3 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $3.3M | 14,300 | 0.3% | 6 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $3.2M | 830 | 0.3% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.2M | 2,590 | 0.3% | 10 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.2M | 4,470 | 0.3% | 3 |
| KARMAN HLDGS INC | [KRMN](https://holderbook.com/stocks/KRMN/) | $3.2M | 95,500 | 0.3% | 1 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $3.1M | 94,332 | 0.3% | 1 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $3.0M | 74,080 | 0.3% | 3 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $2.9M | 56,134 | 0.3% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.9M | 1,162 | 0.3% | 10 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.9M | 0 | 0.3% | 20 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $2.8M | 44,600 | 0.3% | 2 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $2.7M | 26,467 | 0.3% | 6 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $2.7M | 54 | 0.3% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $2.6M | 36,000 | 0.3% | 6 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $2.6M | 10,135 | 0.3% | 1 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.6M | 20,500 | 0.3% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.6M | 583 | 0.3% | 3 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $2.6M | 5,264 | 0.3% | 11 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $2.5M | 195,371 | 0.3% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $2.3M | 370 | 0.2% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.3M | 1,530 | 0.2% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $2.2M | 37,000 | 0.2% | 5 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $2.2M | 0 | 0.2% | 1 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $2.1M | 138,900 | 0.2% | 6 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $2.1M | 4,374 | 0.2% | 2 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $2.1M | 122,000 | 0.2% | 1 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $2.0M | 0 | 0.2% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $2.0M | 790 | 0.2% | 1 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $2.0M | 7,516 | 0.2% | 1 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $1.9M | 0 | 0.2% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.9M | 0 | 0.2% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.9M | 10,800 | 0.2% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.8M | 3,930 | 0.2% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8M | 0 | 0.2% | 1 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.7M | 1,030 | 0.2% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.7M | 1,720 | 0.2% | 6 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.6M | 0 | 0.2% | 3 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $1.6M | 5,610 | 0.2% | 1 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $1.6M | 17,190 | 0.2% | 6 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $1.5M | 98,536 | 0.2% | 2 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $1.5M | 0 | 0.2% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | +7.4% | +8.6% | -1.2% | 79% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $933.7M | 227 |
| Q4 2024 | $571.8M | 190 |
| Q3 2024 | $856.2M | 230 |
| Q2 2024 | $310.1M | 136 |
| Q1 2024 | $1.4B | 284 |
| Q4 2023 | $946.3M | 291 |
| Q3 2023 | $1.5B | 360 |
| Q2 2023 | $1.5B | 413 |
| Q1 2023 | $1.9B | 420 |
| Q4 2022 | $1.7B | 518 |
| Q3 2022 | $2.1B | 556 |
| Q2 2022 | $2.0B | 600 |