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JC
Joho Capital Portfolio holdings
AUM
$460M
1-Year Est. Return
11.37%
This Fund
S&P 500
This Quarter
Est. Return
+16.61%
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
$552M
AUM Growth
+$107M
(+24%)
Cap. Flow
+$35.9M
Cap. Flow
% of AUM
6.5%
Top 10 Holdings %
Top 10 Hldgs %
97.38%
Holding
19
New
3
Increased
7
Reduced
3
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$48M |
| 2 |
Shoals Technologies Group
SHLS
|
+$28.9M |
| 3 |
Microsoft
MSFT
|
+$21.7M |
| 4 |
ANSS
Ansys
ANSS
|
+$1.55M |
| 5 |
McDonald's
MCD
|
+$1.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$33M |
| 2 |
Intuit
INTU
|
+$22.7M |
| 3 |
SolarEdge
SEDG
|
+$7.35M |
| 4 |
Rivian
RIVN
|
+$2.54M |
| 5 |
Estee Lauder
EL
|
+$1.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 82.24% |
| 2 | Industrials | 11.35% |
| 3 | Consumer Discretionary | 3.27% |
| 4 | Financials | 1.74% |
| 5 | Consumer Staples | 1.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.68T
| $245M | 44.42% |
651,700
+60,900
| +10% | +$21.7M |
|
2
Uber
UBER
$155B
| $62.7M | 11.37% |
1,018,900
+8,900
| +0.9% | +$466K |
|
3
Quanta Services
PWR
$103B
| $62.6M | 11.35% |
290,143
+2,800
| +1% | +$517K |
|
|
4
Adobe
ADBE
$105B
| $49.7M | 9.01% |
+83,300
| New | +$48M |
|
|
5
Shoals Technologies Group
SHLS
$1.42B
| $47.2M | 8.55% |
3,036,006
+1,910,518
| +170% | +$28.9M |
|
6
Nextpower Inc
NXT
$15.4B
| $39.2M | 7.1% |
836,669
+17,500
| +2% | +$685K |
|
7
Nu Holdings
NU
$73.6B
| $9.58M | 1.74% |
1,150,000
| – | – |
|
|
8
Rivian
RIVN
$22.2B
| $8.61M | 1.56% |
367,000
-135,000
| -27% | -$2.54M |
|
9
Dutch Bros
BROS
$9.09B
| $8.17M | 1.48% |
258,003
+3,200
| +1% | +$87.2K |
|
10
Constellation Brands
STZ
$23.8B
| $4.4M | 0.8% |
18,215
| – | – |
|
11
Amphenol
APH
$206B
| $3.89M | 0.71% |
78,480
+22,000
| +39% | +$972K |
|
12
Procter & Gamble
PG
$336B
| $3.38M | 0.61% |
23,050
| – | – |
|
13
Autodesk
ADSK
$53.1B
| $2.42M | 0.44% |
9,920
-4,300
| -30% | -$929K |
|
|
ANSS
14
DELISTED
Ansys
ANSS
| $1.9M | 0.34% |
+5,230
| New | +$1.55M |
|
|
15
Intuit
INTU
$94.6B
| $1.65M | 0.3% |
2,638
-41,092
| -94% | -$22.7M |
|
|
16
McDonald's
MCD
$193B
| $1.25M | 0.23% |
+4,200
| New | +$1.14M |
|
|
17
Estee Lauder
EL
$31.2B
| – | – |
-11,802
| Closed | -$1.71M |
|
|
18
Alphabet (Google) Class C
GOOG
$4.2T
| – | – |
-250,300
| Closed | -$33M |
|
|
19
SolarEdge
SEDG
$1.99B
| – | – |
-56,750
| Closed | -$7.35M |
|
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Joho Capital's Q4 2023 Portfolio in Review
As of Q4 2023, Joho Capital held 19 positions worth $552M, up 24% from $444M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Joho Capital deployed $35.9M of net new capital in Q4 2023, opening 3 new positions and adding to 7 existing holdings. Its largest new stake was Adobe: 83,300 shares worth $49.7M.
By sector, the portfolio is most concentrated in Technology at 82% of assets, up from 72% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Intuit, an estimated $22.7M trimmed.
- Joho Capital's largest Q4 2023 buy was Adobe: 83,300 shares worth $49.7M.
- Joho Capital added most to Shoals Technologies Group in Q4 2023, an estimated $28.9M increase.
- Joho Capital's biggest Q4 2023 reduction was Intuit, cutting an estimated $22.7M.
- Joho Capital fully exited Alphabet (Google) Class C in Q4 2023, selling an estimated $33M.
- Joho Capital's ten largest holdings make up 97% of its $552M portfolio in Q4 2023.
- Joho Capital opened 3 new positions and closed 3 in Q4 2023.
- Joho Capital's portfolio value rose 24% quarter-over-quarter to $552M.
Based on Joho Capital's 13F filing for Q4 2023, filed 14 Feb 2024.