JC
Joho Capital Portfolio holdings
AUM
$460M
Turnover
18.18%
1-Year Est. Return
11.37%
This Fund
S&P 500
This Quarter
Est. Return
+13.65%
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
$357M
AUM Growth
+$7.76M
(+2.2%)
Cap. Flow
-$34.6M
Cap. Flow
% of AUM
-9.68%
Top 10 Holdings %
Top 10 Hldgs %
98.22%
Holding
15
New
5
Increased
1
Reduced
3
Closed
2
Avg Time Held
0.7
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognex
CGNX
|
+$42.4M |
| 2 |
LABL
Multi-Color Corp
LABL
|
+$22.5M |
| 3 |
Yiren Digital
YRD
|
+$6.91M |
| 4 |
Baidu
BIDU
|
+$2.31M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$45.6M |
| 2 |
TAL Education Group
TAL
|
+$41.5M |
| 3 |
KANG
iKang Healthcare Group, Inc.
KANG
|
+$19.1M |
| 4 |
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
|
+$4.38M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$1.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.06% |
| 2 | Consumer Discretionary | 16.11% |
| 3 | Technology | 15.38% |
| 4 | Communication Services | 13.04% |
| 5 | Consumer Staples | 11.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
GRUB
1
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $72.1M | 20.19% |
1,489,110
-83,844
| -5% | -$4.38M |
2015 Q2
2 quarters
|
|
2
Hexcel
HXL
$6.64B
| $58.5M | 16.38% |
1,259,260
| – | – |
2013 Q2
10 quarters
|
|
3
Alibaba
BABA
$277B
| $54.8M | 15.35% |
674,450
| – | – |
2015 Q2
2 quarters
|
|
|
4
Cognex
CGNX
$9.63B
| $52M | 14.57% |
3,081,098
+2,376,192
| +337% | +$42.4M |
2015 Q3
1 quarter
|
|
|
5
TAL Education Group
TAL
$6.94B
| $41M | 11.49% |
5,298,336
-6,089,208
| -53% | -$41.5M |
2013 Q2
10 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$4.2T
| $40.2M | 11.26% |
1,059,120
-52,140
| -5% | -$1.87M |
2013 Q2
10 quarters
|
|
|
LABL
7
DELISTED
Multi-Color Corp
LABL
| $19.6M | 5.49% |
+327,400
| New | +$22.5M |
2015 Q4
0 quarters
|
|
|
8
Yiren Digital
YRD
$56.8M
| $6.85M | 1.92% |
+725,275
| New | +$6.91M |
2015 Q4
0 quarters
|
|
9
Corning
GLW
$121B
| $2.87M | 0.81% |
157,200
| – | – |
2015 Q3
1 quarter
|
|
10
Amazon
AMZN
$2.74T
| $2.7M | 0.76% |
79,800
| – | – |
2015 Q2
2 quarters
|
|
|
11
Baidu
BIDU
$27.9B
| $2.37M | 0.66% |
+12,516
| New | +$2.31M |
2015 Q4
0 quarters
|
|
|
12
Alphabet (Google) Class A
GOOGL
$4.25T
| $2.03M | 0.57% |
+52,140
| New | +$1.93M |
2015 Q4
0 quarters
|
|
13
Yelp
YELP
$1.06B
| $1.98M | 0.55% |
+68,600
| New | +$1.8M |
2015 Q4
0 quarters
|
|
|
KANG
14
DELISTED
iKang Healthcare Group, Inc.
KANG
| – | – |
-1,290,268
| Closed | -$19.1M | – |
|
|
MJN
15
DELISTED
Mead Johnson Nutrition Company
MJN
| – | – |
-647,300
| Closed | -$45.6M | – |
|
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Joho Capital's Q4 2015 Portfolio in Review
As of Q4 2015, Joho Capital held 15 positions worth $357M, up 2.2% from $349M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Joho Capital withdrew a net $34.6M in Q4 2015, closing 2 positions and reducing 3 holdings. Its most notable exit was Mead Johnson Nutrition Company, an estimated $45.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 42% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Joho Capital opened a new position in Multi-Color Corp worth $19.6M.
- Joho Capital's largest Q4 2015 buy was Multi-Color Corp: 327,400 shares worth $19.6M.
- Joho Capital added most to Cognex in Q4 2015, an estimated $42.4M increase.
- Joho Capital's biggest Q4 2015 reduction was TAL Education Group, cutting an estimated $41.5M.
- Joho Capital fully exited Mead Johnson Nutrition Company in Q4 2015, selling an estimated $45.6M.
- Joho Capital's ten largest holdings make up 98% of its $357M portfolio in Q4 2015.
- Joho Capital opened 5 new positions and closed 2 in Q4 2015.
- Joho Capital's portfolio value rose 2.2% quarter-over-quarter to $357M.
Based on Joho Capital's 13F filing for Q4 2015, filed 12 Feb 2016.