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Joho Capital Portfolio holdings

AUM $460M
1-Year Est. Return 11.37%
This Fund
S&P 500
This Quarter Est. Return
+31.56%
1 Year Est. Return
+11.37%
3 Year Est. Return
+80.2%
5 Year Est. Return
+106.67%
10 Year Est. Return
+594.64%
AUM
$1.33B
AUM Growth
+$166M
Cap. Flow
-$99.2M
Cap. Flow %
-7.45%
Top 10 Hldgs %
86.55%
Holding
18
New
2
Increased
2
Reduced
7
Closed
2

Top Buys

Rank Stock Value
1
VAR
Varian Medical Systems, Inc.
VAR
+$22M
2
YOKU
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
+$20.6M
3
VIPS icon
Vipshop
VIPS
+$16.6M
4
YELP icon
Yelp
YELP
+$2.15M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$59.4M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$36.2M
3
MJN
Mead Johnson Nutrition Company
MJN
+$29.6M
4
MR
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
+$9.4M
5
MU icon
Micron Technology
MU
+$8.09M

Sector Composition

Rank Sector Weight
1 Communication Services 47.32%
2 Consumer Staples 18.46%
3 Technology 15.55%
4 Consumer Discretionary 7.08%
5 Utilities 5.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIDU icon
1
Baidu
BIDU
$35.2B
$284M 21.32%
1,830,950
-460,400
-20% -$59.4M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.2T
$216M 16.24%
9,919,602
-1,638,117
-14% -$36.2M
YELP icon
3
Yelp
YELP
$1.34B
$130M 9.76%
1,966,008
+42,000
+2% +$2.15M
EL icon
4
Estee Lauder
EL
$31.2B
$105M 7.85%
1,495,953
-103,101
-6% -$6.98M
MJN
5
DELISTED
Mead Johnson Nutrition Company
MJN
$102M 7.65%
1,371,900
-395,000
-22% -$29.6M
MU icon
6
Micron Technology
MU
$1.1T
$84.4M 6.33%
4,828,697
-558,000
-10% -$8.09M
MR
7
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
$78.3M 5.88%
2,014,532
-233,349
-10% -$9.4M
HXL icon
8
Hexcel
HXL
$7.87B
$53.4M 4.01%
1,375,607
– –
YOKU
9
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
$52.4M 3.93%
1,911,383
+900,000
+89% +$20.6M
SBUX icon
10
Starbucks
SBUX
$123B
$47.8M 3.59%
1,241,400
-166,000
-12% -$5.97M
TAL icon
11
TAL Education Group
TAL
$6.46B
$39.5M 2.96%
16,340,022
– –
VNET
12
VNET Group
VNET
$2.16B
$35.5M 2.66%
2,149,782
– –
VECO icon
13
Veeco
VECO
$3.2B
$35M 2.63%
940,957
– –
TRIP icon
14
TripAdvisor
TRIP
$1.26B
$24.6M 1.85%
325,000
– –
VAR
15
DELISTED
Varian Medical Systems, Inc.
VAR
$22.8M 1.71%
+347,816
New +$22M
VIPS icon
16
Vipshop
VIPS
$6.81B
$21.9M 1.64%
+3,850,000
New +$16.6M
SFUN
17
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
– –
-15,146
Closed -$3.76M
PACT
18
DELISTED
PACTERA TECHNOLOGY INTL LTD SPONSORED ADR
PACT
– –
-182,916
Closed -$1.24M

Similar funds

GIM
Generali Investments Management Ljubljana, Slovenia $460M AUM 29.43% 1-Year Est. Return
AWCI
Alpine Woods Capital Investors Purchase, New York $460M AUM 30.5% 1-Year Est. Return
DC
DeDora Capital Napa, California $460M AUM 25.48% 1-Year Est. Return
SGA
Sector Gamma AS Oslo, Norway $461M AUM 33.26% 1-Year Est. Return
IAG
Investment Advisory Group Hanover, Massachusetts $461M AUM 22.74% 1-Year Est. Return
PAA
Peregrine Asset Advisers Portland, Oregon $461M AUM 43.48% 1-Year Est. Return
RAG
RIA Advisory Group Des Moines, Iowa $460M AUM 29% 1-Year Est. Return
HIP
Harrell Investment Partners Austin, Texas $461M AUM 31.07% 1-Year Est. Return

Joho Capital's Q3 2013 Portfolio in Review

As of Q3 2013, Joho Capital held 18 positions worth $1.33B, up 14% from $1.17B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Joho Capital withdrew a net $99.2M in Q3 2013, closing 2 positions and reducing 7 holdings. Its most notable exit was Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares), an estimated $3.76M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 47% of assets, up from 46% a quarter earlier, followed by Consumer Staples and Technology.

Against the trend, Joho Capital opened a new position in Varian Medical Systems, Inc. worth $22.8M.

  • Joho Capital's largest Q3 2013 buy was Varian Medical Systems, Inc.: 347,816 shares worth $22.8M.
  • Joho Capital added most to YOUKU TUDOU INC.(CAYMAN ISLS) in Q3 2013, an estimated $20.6M increase.
  • Joho Capital's biggest Q3 2013 reduction was Baidu, cutting an estimated $59.4M.
  • Joho Capital fully exited Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares) in Q3 2013, selling an estimated $3.76M.
  • Joho Capital's ten largest holdings make up 87% of its $1.33B portfolio in Q3 2013.
  • Joho Capital opened 2 new positions and closed 2 in Q3 2013.
  • Joho Capital's portfolio value rose 14% quarter-over-quarter to $1.33B.

Based on Joho Capital's 13F filing for Q3 2013, filed 14 Nov 2013.