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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
MSFT icon
1
Microsoft
MSFT
$2.84T
$91.1M 5.48%
288,400
-15,000
-5% -$4.96M
RACE icon
2
Ferrari
RACE
$63.3B
$67.4M 4.06%
228,200
– –
CTVA icon
3
Corteva
CTVA
$59.7B
$45M 2.71%
880,000
– –
CAT icon
4
Caterpillar
CAT
$409B
$43.7M 2.63%
160,000
– –
NEE icon
5
NextEra Energy
NEE
$187B
$41.2M 2.48%
719,000
– –
INTU icon
6
Intuit
INTU
$81.1B
$40.3M 2.42%
78,800
-26,800
-25% -$13.6M
PANW icon
7
Palo Alto Networks
PANW
$264B
$37M 2.23%
316,000
-245,200
-44% -$29M
AMZN icon
8
Amazon
AMZN
$2.5T
$36.1M 2.17%
284,100
-135,000
-32% -$18.1M
INTC icon
9
Intel
INTC
$466B
$35.5M 2.14%
998,600
+385,000
+63% +$13.4M
ORCL icon
10
Oracle
ORCL
$331B
$35.3M 2.12%
333,000
-139,000
-29% -$16.1M
DELL icon
11
Dell
DELL
$283B
$34.8M 2.09%
+505,000
New +$30.1M
ISRG icon
12
Intuitive Surgical
ISRG
$121B
$32.7M 1.97%
112,000
-8,000
-7% -$2.5M
EMR icon
13
Emerson Electric
EMR
$82.9B
$32.6M 1.96%
337,100
+95,000
+39% +$9.05M
MSI icon
14
Motorola Solutions
MSI
$69.4B
$30.6M 1.84%
112,500
-37,500
-25% -$10.7M
HSY icon
15
Hershey
HSY
$35.4B
$30.6M 1.84%
152,900
+27,000
+21% +$6.04M
NFLX icon
16
Netflix
NFLX
$292B
$30.6M 1.84%
810,000
– –
ACN icon
17
Accenture
ACN
$89.9B
$30.3M 1.82%
98,500
-45,900
-32% -$14.5M
TTEK icon
18
Tetra Tech
TTEK
$8.23B
$29.3M 1.77%
964,500
-357,000
-27% -$11.6M
MBLY icon
19
Mobileye
MBLY
$2.03B
$27M 1.63%
650,000
– –
PWSC
20
DELISTED
PowerSchool Holdings, Inc.
PWSC
$22.8M 1.37%
1,005,300
-100,000
-9% -$2.19M
TSLA icon
21
Tesla
TSLA
$1.24T
$22.2M 1.33%
88,600
-35,000
-28% -$8.99M
ORLY icon
22
O'Reilly Automotive
ORLY
$72.4B
$21.7M 1.31%
358,500
– –
BILL icon
23
BILL Holdings
BILL
$4.33B
$21.6M 1.3%
198,500
-63,000
-24% -$7.17M
TSM icon
24
TSMC
TSM
$2.09T
$20.2M 1.22%
232,600
-62,400
-21% -$5.9M
MU icon
25
Micron Technology
MU
$1.04T
$19.5M 1.17%
286,500
-47,500
-14% -$3.18M
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.