In a Form 13F filed with the SEC, Clifford Sosin's CAS Investment Partners reported the complete liquidation of its stake in Capital One Financial Corp. (COF). The filing, which discloses holdings as of June 30, 2026, shows the sale of 575,550 shares, previously valued at approximately $105 million. This position had accounted for about 6% of the investment firm's reported portfolio. Investors are reminded that 13F filings reflect a firm's portfolio at the end of a quarter and do not indicate the precise timing of trades executed during that period.
The exit occurred during a quarter where Capital One reported strong financial results, including a significant increase in profit and improved credit conditions. CAS Investment Partners, known for its highly concentrated portfolio, has not publicly commented on the reasons for exiting the position. The firm's first trade in Capital One was initiated in the fourth quarter of 2022.