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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
BWA icon
51
BorgWarner
BWA
$14.1B
$10.4M 0.63%
258,100
-35,102
-12% -$1.49M
OKTA icon
52
Okta
OKTA
$25.7B
$10.2M 0.61%
125,000
-125,000
-50% -$9.48M
MDB icon
53
MongoDB
MDB
$31.9B
$10.1M 0.61%
29,300
-16,300
-36% -$6.19M
CDNS icon
54
Cadence Design Systems
CDNS
$94.6B
$9.82M 0.59%
41,900
-115,000
-73% -$26.9M
LSCC icon
55
Lattice Semiconductor
LSCC
$19.1B
$9.63M 0.58%
112,100
-7,900
-7% -$713K
CEG icon
56
Constellation Energy
CEG
$95.9B
$9.6M 0.58%
+88,000
New +$9.07M
AVGO icon
57
Broadcom
AVGO
$2.02T
$9.39M 0.57%
+113,000
New +$9.8M
DIS icon
58
Walt Disney
DIS
$181B
$9.28M 0.56%
114,500
+14,500
+15% +$1.24M
LW icon
59
Lamb Weston
LW
$7.18B
$9.25M 0.56%
100,000
– –
TER icon
60
Teradyne
TER
$60.2B
$9.12M 0.55%
90,800
-9,200
-9% -$970K
WDAY icon
61
Workday
WDAY
$44.2B
$8.98M 0.54%
41,800
-19,100
-31% -$4.43M
CCI icon
62
Crown Castle
CCI
$32.2B
$8.93M 0.54%
+97,000
New +$10M
EQIX icon
63
Equinix
EQIX
$105B
$8.86M 0.53%
+12,200
New +$9.45M
AMT icon
64
American Tower
AMT
$80.7B
$8.72M 0.52%
+53,000
New +$9.68M
MCHP icon
65
Microchip Technology
MCHP
$45.9B
$8.59M 0.52%
110,000
+62,000
+129% +$5.19M
XYL icon
66
Xylem
XYL
$28.4B
$8.55M 0.51%
93,900
– –
V icon
67
Visa
V
$681B
$8.33M 0.5%
36,200
– –
LDOS icon
68
Leidos
LDOS
$17B
$8.32M 0.5%
90,300
– –
SCI icon
69
Service Corp International
SCI
$11.6B
$8.29M 0.5%
145,000
-100,000
-41% -$6.32M
EXPO icon
70
Exponent
EXPO
$3.25B
$7.37M 0.44%
86,100
– –
TTWO icon
71
Take-Two Interactive
TTWO
$45.3B
$6.98M 0.42%
49,700
-12,500
-20% -$1.8M
LHX icon
72
L3Harris
LHX
$53.3B
$6.69M 0.4%
38,400
– –
LMT icon
73
Lockheed Martin
LMT
$134B
$6.58M 0.4%
16,100
– –
TMO icon
74
Thermo Fisher Scientific
TMO
$216B
$6.33M 0.38%
12,500
– –
GNRC icon
75
Generac Holdings
GNRC
$12.7B
$6.24M 0.38%
57,300
-68,300
-54% -$8.45M
1 2
3
4 5

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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.