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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
+28.63%
1 Year Est. Return
+47.78%
3 Year Est. Return
+159.74%
5 Year Est. Return
+203.98%
10 Year Est. Return
–
AUM
$1.74B
AUM Growth
+$511M
(+42%)
Cap. Flow
+$258M
Cap. Flow
% of AUM
14.81%
Top 10 Holdings %
Top 10 Hldgs %
44.4%
Holding
82
New
15
Increased
14
Reduced
10
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$71.9M |
| 2 |
Advanced Micro Devices
AMD
|
+$69.7M |
| 3 |
CRCL
Circle Internet Group
CRCL
|
+$40.7M |
| 4 |
Spotify
SPOT
|
+$39.8M |
| 5 |
Lyft
LYFT
|
+$32.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$38.9M |
| 2 |
TJX Companies
TJX
|
+$29.2M |
| 3 |
Emerson Electric
EMR
|
+$27.2M |
| 4 |
HDFC Bank
HDB
|
+$24.4M |
| 5 |
Intel
INTC
|
+$22.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.35% |
| 2 | Communication Services | 15.3% |
| 3 | Consumer Discretionary | 15.19% |
| 4 | Industrials | 14.23% |
| 5 | Consumer Staples | 7.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CrowdStrike
CRWD
$217B
| $10.2M | 0.59% |
+80,000
| New | +$8.67M |
|
52
MP Materials
MP
$8.42B
| $9.98M | 0.57% |
+300,000
| New | +$7.66M |
|
53
Elevance Health
ELV
$85B
| $9.72M | 0.56% |
25,000
| – | – |
|
54
Tetra Tech
TTEK
$8.75B
| $9.67M | 0.56% |
269,000
-415,000
| -61% | -$13.8M |
|
55
BJs Wholesale Club
BJ
$12.3B
| $9.6M | 0.55% |
89,000
| – | – |
|
56
Medpace
MEDP
$16.2B
| $9.13M | 0.53% |
29,101
| – | – |
|
57
BorgWarner
BWA
$14B
| $8.64M | 0.5% |
258,100
| – | – |
|
58
Inspire Medical Systems
INSP
$1.74B
| $6.8M | 0.39% |
52,400
| – | – |
|
59
Houlihan Lokey
HLI
$8.98B
| $6.37M | 0.37% |
35,400
-25,000
| -41% | -$4.2M |
|
60
Goldman Sachs
GS
$317B
| $6.02M | 0.35% |
8,500
| – | – |
|
61
HCA Healthcare
HCA
$89B
| $5.75M | 0.33% |
15,000
| – | – |
|
62
Danaher
DHR
$140B
| $5.43M | 0.31% |
27,500
| – | – |
|
63
Lamb Weston
LW
$7.32B
| $4.82M | 0.28% |
93,000
| – | – |
|
64
Kraft Heinz
KHC
$30.3B
| $4.57M | 0.26% |
177,000
| – | – |
|
65
Humana
HUM
$44.1B
| $3.67M | 0.21% |
15,000
| – | – |
|
66
ESAB
ESAB
$5.76B
| $3.37M | 0.19% |
27,966
| – | – |
|
67
Cerence
CRNC
$414M
| $3.06M | 0.18% |
300,000
| – | – |
|
68
Bruker
BRKR
$7.93B
| $1.85M | 0.11% |
45,000
| – | – |
|
|
AKRO
69
DELISTED
Akero Therapeutics
AKRO
| – | – |
-276,000
| Closed | -$11.2M |
|
70
Arista Networks
ANET
$251B
| – | – |
-110,000
| Closed | -$8.52M |
|
71
Ares Management
ARES
$31.1B
| – | – |
-59,800
| Closed | -$8.77M |
|
72
Booz Allen Hamilton
BAH
$8.67B
| – | – |
-85,000
| Closed | -$8.89M |
|
73
BlackLine
BL
$1.8B
| – | – |
-100,000
| Closed | -$4.84M |
|
74
Citigroup
C
$232B
| – | – |
-146,500
| Closed | -$10.4M |
|
75
Crown Castle
CCI
$31.8B
| – | – |
-145,000
| Closed | -$15.1M |
|
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Rheos Capital Works's Q2 2025 Portfolio in Review
As of Q2 2025, Rheos Capital Works held 82 positions worth $1.74B, up 42% from $1.23B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Rheos Capital Works deployed $258M of net new capital in Q2 2025, opening 15 new positions and adding to 14 existing holdings. Its largest new stake was Advanced Micro Devices: 640,000 shares worth $90.8M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 22% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was TJX Companies, an estimated $29.2M trimmed.
- Rheos Capital Works's largest Q2 2025 buy was Advanced Micro Devices: 640,000 shares worth $90.8M.
- Rheos Capital Works added most to Netflix in Q2 2025, an estimated $71.9M increase.
- Rheos Capital Works's biggest Q2 2025 reduction was TJX Companies, cutting an estimated $29.2M.
- Rheos Capital Works fully exited Meta Platforms (Facebook) in Q2 2025, selling an estimated $38.9M.
- Rheos Capital Works's ten largest holdings make up 44% of its $1.74B portfolio in Q2 2025.
- Rheos Capital Works opened 15 new positions and closed 14 in Q2 2025.
- Rheos Capital Works's portfolio value rose 42% quarter-over-quarter to $1.74B.
Based on Rheos Capital Works's 13F filing for Q2 2025, filed 28 Jul 2025.