Joho Capital’s Vipshop VIPS Stock Holding History

Joho Capital’s Portfolio VIPS Stock Details VIPS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-2,117,000	Closed	-$40M	–	11
2014 Q3	$40M	Sell	2,117,000 -305,000	-13%	-$6.28M	6.78%	5
2014 Q2	$45.5M	Sell	2,422,000 -850,000	-26%	-$13.6M	6.94%	7
2014 Q1	$48.9M	Sell	3,272,000 -4,383,000	-57%	-$52.1M	7.81%	5
2013 Q4	$64.1M	Buy	7,655,000 +3,805,000	+99%	+$29M	4.38%	8
2013 Q3	$21.9M	Buy	+3,850,000	New	+$16.6M	1.64%	16

Other funds holding VIPS

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return

Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Kylin Management New York $173M AUM 39.51% 1-Year Est. Return

LPC

Lone Pine Capital Greenwich, Connecticut $12.5B AUM 54.4% 1-Year Est. Return

ESG

Emerging Sovereign Group New York $252M AUM 22.55% 1-Year Est. Return

Passport Capital San Francisco, California $394M AUM 50.67% 1-Year Est. Return

VAM

Vontobel Asset Management New York $18.1B AUM 28.09% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Joho Capital's VIPS Position: Q4 2014 in Review

Joho Capital sold out of Vipshop (VIPS) in Q4 2014, closing a stake of 2,117,000 shares — an estimated $40M sold.

Joho Capital first reported a position in VIPS in Q3 2013 and held it in 5 quarters. The position peaked at $64.1M in Q4 2013. 241 funds tracked by Wall St. Rank hold VIPS as of Q4 2014.

Joho Capital reported no remaining Vipshop position as of Q4 2014 after selling out during the quarter.
Joho Capital sold 2,117,000 Vipshop shares in Q4 2014, an estimated $40M.
Joho Capital first reported a position in Vipshop in Q3 2013 and held it in 5 quarters.
Joho Capital's Vipshop position peaked at $64.1M in Q4 2013.
241 funds tracked by Wall St. Rank held Vipshop as of Q4 2014.

Based on Joho Capital's 13F filing for Q4 2014, filed 17 Feb 2015.