CAZ INVESTMENTS LP
Long book
$83.0M
Q1 2026
Positions
41
Top-10 weight
96%
concentration
Last quarter
-5.5%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsCAZ INVESTMENTS LP is a concentrated fundamental stock-picker, running a $83.0M US long book across 41 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BLUE OWL TECHNOLOGY FINANCE, BLUE OWL CAPITAL CORP, GRAB HOLDINGS LTD - CL A, DIAMONDBACK ENERGY INC, OPENDOOR TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 4.6pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.0%
Q2 2024
+20.4%
Q3 2024
+16.9%
Q4 2024
-7.8%
Q1 2025
+6.0%
Q2 2025
+64.7%
Q3 2025
-5.8%
Q4 2025
-6.2%
Q1 2026
-5.5%
Sector allocation
Other 67%
Energy 12%
Services media 8%
Real estate 5%
Utilities 3%
Industrials 3%
Financials 1%
Technology 0%
Long book by quarter
What does CAZ INVESTMENTS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| OTF BLUE OWL TECHNOLOGY FINANCE | — | 3.1M | $38.2M | 46.0% | +166.1% |
| OBDC BLUE OWL CAPITAL CORP | — | 1.1M | $12.4M | 15.0% | Held |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 1.8M | $6.7M | 8.0% | Held |
| FANG DIAMONDBACK ENERGY INC | Energy | 31.2K | $6.2M | 7.4% | -3.1% |
| OPEN OPENDOOR TECHNOLOGIES INC | Real estate | 872.5K | $4.1M | 4.9% | Held |
| WBI WATERBRIDGE INFRASTRUC-CL A | Energy | 112.5K | $3.0M | 3.6% | Held |
| OKLO OKLO INC | Utilities | 50.8K | $2.5M | 3.0% | New |
| SMR NUSCALE POWER CORP | Industrials | 206.5K | $2.2M | 2.7% | +104.5% |
| MRCC MONROE CAPITAL CORP | — | 150.0K | $690K | 0.8% | New |
| OWL BLUE OWL CAPITAL INC | Financials | 75.0K | $685K | 0.8% | New |
| GBDC GOLUB CAPITAL BDC INC | — | 30.0K | $380K | 0.5% | New |
| CGBD CARLYLE SECURED LENDING INC | — | 20.0K | $219K | 0.3% | New |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 10.0K | $184K | 0.2% | New |
| ARCC ARES CAPITAL CORP | — | 10.0K | $180K | 0.2% | New |
| YSS YORK SPACE SYSTEMS INC | Industrials | 6.0K | $133K | 0.2% | New |
| BCSF BAIN CAPITAL SPECIALTY FINAN | — | 10.0K | $124K | 0.1% | New |
| IEP ICAHN ENTERPRISES LP | Energy | 12.7K | $96K | 0.1% | Held |
| G8L GREENLIGHT CAPITAL RE LTD-A | — | 5.0K | $86K | 0.1% | Held |
| BRC BRADY CORPORATION - CL A | Other | 1.0K | $81K | 0.1% | Held |
| HGTY HAGERTY INC-A | Financials | 7.5K | $79K | 0.1% | Held |
| XYZ BLOCK INC | Technology | 1.0K | $60K | 0.1% | Held |
| BLMN BLOOMIN' BRANDS INC | Consumer discretionary | 10.0K | $54K | 0.1% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 100 | $48K | 0.1% | Held |
| DBX DROPBOX INC-CLASS A | Technology | 2.0K | $45K | 0.1% | Held |
| SNOW SNOWFLAKE INC | Technology | 300 | $45K | 0.1% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 300 | $44K | 0.1% | Held |
| ZM ZOOM COMMUNICATIONS INC | Technology | 500 | $40K | 0.0% | Held |
| DSGN DESIGN THERAPEUTICS INC | Healthcare | 3.5K | $37K | 0.0% | Held |
| NXDR NEXTDOOR HOLDINGS INC | Technology | 20.0K | $28K | 0.0% | Held |
| DOCU DOCUSIGN INC | Technology | 500 | $24K | 0.0% | Held |
| COOK TRAEGER INC | Industrials | 800 | $23K | 0.0% | New |
| HIPO HIPPO HOLDINGS INC | Financials | 700 | $18K | 0.0% | -84.2% |
| GROV GROVE COLLABORATIVE HOLDINGS | Consumer discretionary | 13.3K | $17K | 0.0% | Held |
| SPRY ARS PHARMACEUTICALS INC | Healthcare | 2.0K | $16K | 0.0% | Held |
| RDW REDWIRE CORP | Industrials | 1.5K | $13K | 0.0% | Held |
| HYPR HYPERFINE INC | Healthcare | 5.0K | $5K | 0.0% | Held |
| GAME GAMESQUARE HOLDINGS INC | Services media | 19.6K | $5K | 0.0% | Held |
| CYDY CYTODYN INC | Healthcare | 4.0K | $1K | 0.0% | Held |
| ZEO ZEO ENERGY CORP | Industrials | 1.4K | $786 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 45 | $85.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 33 | $57.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 32 | $53.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 15, 2025 | 27 | $17.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 27 | $13.9M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 33 | $69.8M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 46 | $155.8M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 36 | $285.6M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 36 | $55.2M | $K fixed canonical | SEC ↗ |
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