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RCW

Rheos Capital Works Portfolio holdings

AUM $1.5B
1-Year Est. Return 47.78%
This Fund
S&P 500
This Quarter Est. Return
-4.35%
1 Year Est. Return
+47.78%
3 Year Est. Return
+159.74%
5 Year Est. Return
+203.98%
10 Year Est. Return
–
AUM
$1.66B
AUM Growth
-$198M
Cap. Flow
-$89.3M
Cap. Flow %
-5.38%
Top 10 Hldgs %
28.45%
Holding
125
New
29
Increased
15
Reduced
46
Closed
4

Top Buys

Rank Stock Value
1
DELL icon
Dell
DELL
+$30.1M
2
NVDA icon
NVIDIA
NVDA
+$18.7M
3
INTC icon
Intel
INTC
+$13.4M
4
INSP icon
Inspire Medical Systems
INSP
+$10.9M
5
CCI icon
Crown Castle
CCI
+$10M

Top Sells

Rank Stock Value
1
PANW icon
Palo Alto Networks
PANW
+$29M
2
CDNS icon
Cadence Design Systems
CDNS
+$26.9M
3
DECK icon
Deckers Outdoor
DECK
+$25.3M
4
NOW icon
ServiceNow
NOW
+$20.7M
5
AMZN icon
Amazon
AMZN
+$18.1M

Sector Composition

Rank Sector Weight
1 Technology 47.55%
2 Consumer Discretionary 12.26%
3 Industrials 11.81%
4 Healthcare 6.56%
5 Consumer Staples 4.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
S icon
26
SentinelOne
S
$7.12B
$19.2M 1.16%
1,139,500
-1,039,800
-48% -$16.4M
GFS icon
27
GlobalFoundries
GFS
$27.6B
$19M 1.14%
326,000
+134,000
+70% +$7.95M
AMAT icon
28
Applied Materials
AMAT
$419B
$18.6M 1.12%
134,300
-29,600
-18% -$4.24M
AMD icon
29
Advanced Micro Devices
AMD
$798B
$18.6M 1.12%
180,700
+17,500
+11% +$1.9M
TXN icon
30
Texas Instruments
TXN
$254B
$18.2M 1.1%
114,400
-32,900
-22% -$5.61M
AAPL icon
31
Apple
AAPL
$4.56T
$18.2M 1.09%
106,200
-65,000
-38% -$11.9M
NVDA icon
32
NVIDIA
NVDA
$5.3T
$18.2M 1.09%
+418,000
New +$18.7M
EW icon
33
Edwards Lifesciences
EW
$51.5B
$17.9M 1.08%
258,165
+100,000
+63% +$8.04M
QCOM icon
34
Qualcomm
QCOM
$168B
$17.5M 1.06%
157,900
+42,500
+37% +$4.93M
MANH icon
35
Manhattan Associates
MANH
$11.1B
$17.5M 1.05%
88,600
-24,800
-22% -$4.84M
ASML icon
36
ASML
ASML
$655B
$16.7M 1.01%
28,400
-5,100
-15% -$3.39M
NOW icon
37
ServiceNow
NOW
$121B
$16.6M 1%
148,500
-181,500
-55% -$20.7M
WOLF icon
38
Wolfspeed
WOLF
$1.43B
$15.1M 0.91%
397,500
-119,800
-23% -$6.27M
ROP icon
39
Roper Technologies
ROP
$39.3B
$14.8M 0.89%
30,500
– –
WMB icon
40
Williams Companies
WMB
$87.8B
$14M 0.84%
415,000
+65,000
+19% +$2.22M
DAR icon
41
Darling Ingredients
DAR
$9.62B
$13.1M 0.79%
250,000
– –
EOG icon
42
EOG Resources
EOG
$71.4B
$12.7M 0.76%
100,000
– –
INSP icon
43
Inspire Medical Systems
INSP
$1.7B
$12.5M 0.75%
63,100
+43,100
+216% +$10.9M
ANET icon
44
Arista Networks
ANET
$242B
$12.4M 0.75%
270,000
+60,000
+29% +$2.67M
KNSL icon
45
Kinsale Capital Group
KNSL
$8.57B
$12.2M 0.73%
29,400
-7,300
-20% -$2.83M
MKL icon
46
Markel Group
MKL
$23.2B
$11M 0.66%
7,500
– –
CME icon
47
CME Group
CME
$95B
$11M 0.66%
55,000
– –
AMRC icon
48
Ameresco
AMRC
$1.36B
$10.6M 0.64%
275,700
+25,000
+10% +$1.21M
CSCO icon
49
Cisco
CSCO
$476B
$10.6M 0.64%
196,300
+121,500
+162% +$6.56M
OPCH icon
50
Option Care Health
OPCH
$3.54B
$10.5M 0.63%
325,600
– –
1
2
3 4 5

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CPA
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Rheos Capital Works's Q3 2023 Portfolio in Review

As of Q3 2023, Rheos Capital Works held 125 positions worth $1.66B, down 11% from $1.86B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rheos Capital Works withdrew a net $89.3M in Q3 2023, closing 4 positions and reducing 46 holdings. Its most notable exit was Deckers Outdoor, an estimated $25.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 50% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Rheos Capital Works opened a new position in Dell worth $34.8M.

  • Rheos Capital Works's largest Q3 2023 buy was Dell: 505,000 shares worth $34.8M.
  • Rheos Capital Works added most to Intel in Q3 2023, an estimated $13.4M increase.
  • Rheos Capital Works's biggest Q3 2023 reduction was Palo Alto Networks, cutting an estimated $29M.
  • Rheos Capital Works fully exited Deckers Outdoor in Q3 2023, selling an estimated $25.3M.
  • Rheos Capital Works's ten largest holdings make up 28% of its $1.66B portfolio in Q3 2023.
  • Rheos Capital Works opened 29 new positions and closed 4 in Q3 2023.
  • Rheos Capital Works's portfolio value fell 11% quarter-over-quarter to $1.66B.

Based on Rheos Capital Works's 13F filing for Q3 2023, filed 17 Oct 2023.