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
+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
Cap. Flow
+$35.9M
Cap. Flow %
6.5%
Top 10 Hldgs %
97.38%
Holding
19
New
3
Increased
7
Reduced
3
Closed
3
Avg Time Held
1.4 years
Top 10 Avg Time Held
0.8 years
Top 20 Avg Time Held
1.4 years

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$48M
2
SHLS icon
Shoals Technologies Group
SHLS
+$28.9M
3
MSFT icon
Microsoft
MSFT
+$21.7M
4
ANSS icon
Ansys
ANSS
+$1.55M
5
MCD icon
McDonald's
MCD
+$1.14M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$33M
2
INTU icon
Intuit
INTU
+$22.7M
3
SEDG icon
SolarEdge
SEDG
+$7.35M
4
RIVN icon
Rivian
RIVN
+$2.54M
5
EL icon
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 Held Since
MSFT icon
1
Microsoft
MSFT
$3.96T
$245M 44.42%
651,700
+60,900
+10% +$21.7M
2019 Q1
19 quarters
UBER icon
2
Uber
UBER
$142B
$62.7M 11.37%
1,018,900
+8,900
+0.9% +$466K
2023 Q2
2 quarters
PWR icon
3
Quanta Services
PWR
$99.3B
$62.6M 11.35%
290,143
+2,800
+1% +$517K
2022 Q4
4 quarters
ADBE icon
4
Adobe
ADBE
$93.7B
$49.7M 9.01%
+83,300
New +$48M
2023 Q4
0 quarters
SHLS icon
5
Shoals Technologies Group
SHLS
$1.32B
$47.2M 8.55%
3,036,006
+1,910,518
+170% +$28.9M
2022 Q4
4 quarters
NXT icon
6
Nextpower Inc. Common Stock
NXT
$12.5B
$39.2M 7.1%
836,669
+17,500
+2% +$685K
2023 Q2
2 quarters
NU icon
7
Nu Holdings
NU
$72.1B
$9.58M 1.74%
1,150,000
– –
2023 Q2
2 quarters
RIVN icon
8
Rivian
RIVN
$18.7B
$8.61M 1.56%
367,000
-135,000
-27% -$2.54M
2022 Q3
5 quarters
BROS icon
9
Dutch Bros
BROS
$5.4B
$8.17M 1.48%
258,003
+3,200
+1% +$87.2K
2023 Q3
1 quarter
STZ icon
10
Constellation Brands
STZ
$21.6B
$4.4M 0.8%
18,215
– –
2020 Q4
12 quarters
APH icon
11
Amphenol
APH
$204B
$3.89M 0.71%
156,960
+44,000
+39% +$972K
2021 Q1
11 quarters
PG icon
12
Procter & Gamble
PG
$364B
$3.38M 0.61%
23,050
– –
2020 Q3
13 quarters
ADSK icon
13
Autodesk
ADSK
$48.3B
$2.42M 0.44%
9,920
-4,300
-30% -$929K
2021 Q1
11 quarters
ANSS icon
14
DELISTED
Ansys
ANSS
$1.9M 0.34%
+5,230
New +$1.55M
2023 Q4
0 quarters
INTU icon
15
Intuit
INTU
$83B
$1.65M 0.3%
2,638
-41,092
-94% -$22.7M
2022 Q3
5 quarters
MCD icon
16
McDonald's
MCD
$169B
$1.25M 0.23%
+4,200
New +$1.14M
2023 Q4
0 quarters
EL icon
17
Estee Lauder
EL
$36.8B
– –
-11,802
Closed -$1.71M –
GOOG icon
18
Alphabet (Google) Class C
GOOG
$4.2T
– –
-250,300
Closed -$33M –
SEDG icon
19
SolarEdge
SEDG
$1.88B
– –
-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.