LTS One Management LP
LTS One Management LP (doing business as Saraza Management LP) is a hedge fund based in New York City, founded in Delaware and operating primarily as an investment adviser to pooled investment vehicles. As of June 2025, the firm manages approximately $547 million in assets and employs 8 professionals. LTS One focuses on serving institutional clients via discretionary account management, with no retail or high-net-worth individual clients.
Investment Strategy
LTS One Management LP invests primarily through pooled investment vehicles using a discretionary, active management style. The firm reports significant turnover in its portfolio and concentrates a large share of its assets (over 64%) in its top holdings, typically in equities and related instruments. Investments span multiple sectors, with frequent changes in holdings each quarter, suggesting an opportunistic or value-driven approach targeting both U.S. and international securities.
Top Holdings
Equity Positions (18)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I INTU | INTUIT | 7.61% | $31.5M | 40,000 | $679.14 | $787.63 | +$13.1M |
B BN | BROOKFIELD CORP | 7.10% | $29.4M | 475,000 | $52.41 | $61.85 | +$3.7M |
A AON | AON PLC | 7.04% | $29.2M | 81,750 | $341.49 | $356.76 | +$8.6M |
C COF | CAPITAL ONE FINL CORP | 6.42% | $26.6M | 125,000 | $178.32 | $212.76 | +$3.1M |
A ATI | ATI INC | 6.36% | $26.3M | 305,000 | $86.34 | $86.34 | +$26.3M |