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
-3.07%
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
$444M
AUM Growth
-$53.5M
Cap. Flow
-$24.8M
Cap. Flow %
-5.58%
Top 10 Hldgs %
95.3%
Holding
20
New
1
Increased
3
Reduced
1
Closed
4
Avg Time Held
1.6 years
Top 10 Avg Time Held
0.9 years
Top 20 Avg Time Held
1.6 years

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$26.1M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$12.9M
3
BROS icon
Dutch Bros
BROS
+$7.26M
4
NXT icon
Nextpower Inc. Common Stock
NXT
+$445K

Top Sells

Rank Stock Value
1
EEFT icon
Euronet Worldwide
EEFT
+$42.7M
2
LTHM
Livent Corporation
LTHM
+$19.5M
3
SEDG icon
SolarEdge
SEDG
+$5.42M
4
ARRY icon
Array Technologies
ARRY
+$3.23M
5
CGNX icon
Cognex
CGNX
+$678K

Sector Composition

Rank Sector Weight
1 Technology 72.35%
2 Industrials 12.1%
3 Communication Services 7.43%
4 Consumer Discretionary 4.08%
5 Consumer Staples 2.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MSFT icon
1
Microsoft
MSFT
$3.96T
$187M 41.99%
590,800
– –
2019 Q1
18 quarters
PWR icon
2
Quanta Services
PWR
$99.3B
$53.8M 12.1%
287,343
– –
2022 Q4
3 quarters
UBER icon
3
Uber
UBER
$142B
$46.4M 10.45%
1,010,000
+572,000
+131% +$26.1M
2023 Q2
1 quarter
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.2T
$33M 7.43%
250,300
+99,000
+65% +$12.9M
2023 Q2
1 quarter
NXT icon
5
Nextpower Inc. Common Stock
NXT
$12.5B
$32.9M 7.4%
819,169
+11,000
+1% +$445K
2023 Q2
1 quarter
INTU icon
6
Intuit
INTU
$83B
$22.3M 5.03%
43,730
– –
2022 Q3
4 quarters
SHLS icon
7
Shoals Technologies Group
SHLS
$1.32B
$20.5M 4.62%
1,125,488
– –
2022 Q4
3 quarters
RIVN icon
8
Rivian
RIVN
$18.7B
$12.2M 2.74%
502,000
– –
2022 Q3
4 quarters
NU icon
9
Nu Holdings
NU
$72.1B
$8.34M 1.88%
1,150,000
– –
2023 Q2
1 quarter
SEDG icon
10
SolarEdge
SEDG
$1.88B
$7.35M 1.65%
56,750
-28,250
-33% -$5.42M
2022 Q4
3 quarters
BROS icon
11
Dutch Bros
BROS
$5.4B
$5.92M 1.33%
+254,803
New +$7.26M
2023 Q3
0 quarters
STZ icon
12
Constellation Brands
STZ
$21.6B
$4.58M 1.03%
18,215
– –
2020 Q4
11 quarters
PG icon
13
Procter & Gamble
PG
$364B
$3.36M 0.76%
23,050
– –
2020 Q3
12 quarters
ADSK icon
14
Autodesk
ADSK
$48.3B
$2.94M 0.66%
14,220
– –
2021 Q1
10 quarters
APH icon
15
Amphenol
APH
$204B
$2.37M 0.53%
112,960
– –
2021 Q1
10 quarters
EL icon
16
Estee Lauder
EL
$36.8B
$1.71M 0.38%
11,802
– –
2018 Q1
22 quarters
ARRY icon
17
Array Technologies
ARRY
$521M
– –
-142,734
Closed -$3.23M –
CGNX icon
18
Cognex
CGNX
$9.63B
– –
-12,100
Closed -$678K –
EEFT icon
19
Euronet Worldwide
EEFT
$2.39B
– –
-363,659
Closed -$42.7M –
LTHM
20
DELISTED
Livent Corporation
LTHM
– –
-710,000
Closed -$19.5M –

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DC
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SGA
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IAG
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RAG
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Joho Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Joho Capital held 20 positions worth $444M, down 11% from $498M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Joho Capital withdrew a net $24.8M in Q3 2023, closing 4 positions and reducing 1 holding. Its most notable exit was Euronet Worldwide, an estimated $42.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 72% of assets, down from 75% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Joho Capital opened a new position in Dutch Bros worth $5.92M.

  • Joho Capital's largest Q3 2023 buy was Dutch Bros: 254,803 shares worth $5.92M.
  • Joho Capital added most to Uber in Q3 2023, an estimated $26.1M increase.
  • Joho Capital's biggest Q3 2023 reduction was SolarEdge, cutting an estimated $5.42M.
  • Joho Capital fully exited Euronet Worldwide in Q3 2023, selling an estimated $42.7M.
  • Joho Capital's ten largest holdings make up 95% of its $444M portfolio in Q3 2023.
  • Joho Capital opened 1 new position and closed 4 in Q3 2023.
  • Joho Capital's portfolio value fell 11% quarter-over-quarter to $444M.

Based on Joho Capital's 13F filing for Q3 2023, filed 14 Nov 2023.