Rob Vinall – RV Capital Portfolio Activity & Recent Trades (Sep 30, 2025)

As of Sep 30, 2025, the RV Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Oct 22, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys – Salesforce, Inc.

Increases – Credit Acceptance Corporation

Reductions – Carvana Co., H World Group Limited, Interactive Brokers Group, Inc., Meta Platforms, Inc., PDD Holdings Inc., and 2 more

Complete Exits –

None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+1,502	+1.2%	$60.90M	130,431
Q3 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Buy - Position Entry	+10,980	-	$2.60M	10,980
Q3 2025	CVNA Carvana Co.	Carvana Co.	Sell	-65,097	-12.8%	$167.97M	445,255
Q3 2025	HTHT H World Group Limited	H World Group Limited	Sell	-56,236	-8.5%	$23.60M	603,416
Q3 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-50,653	-6.0%	$55.00M	799,267
Q3 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-3,276	-2.3%	$102.60M	139,712
Q3 2025	PDD PDD Holdings Inc.	PDD Holdings Inc.	Sell	-34,337	-10.2%	$39.81M	301,232
Q3 2025	WIX Wix	Wix	Sell	-23,004	-6.8%	$55.95M	314,996
Q3 2025	YUMC Yum China Holdings, Inc.	Yum China Holdings, Inc.	Sell	-47,944	-9.7%	$19.07M	444,321
Q2 2025	CVNA Carvana Co.	Carvana Co.	Sell	-37,162	-6.8%	$171.97M	510,352
Q2 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+32,520	-	$5.73M	32,520
Q2 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy	+637,440	+300.0%	$47.09M	849,920
Q1 2025	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-2,659	-2.0%	$66.57M	128,929
Q1 2025	HTHT H World Group Limited	H World Group Limited	Buy	+43,315	+7.0%	$24.41M	659,652
Q1 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-11,867	-5.3%	$35.18M	212,480
Q1 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-6,595	-4.4%	$82.41M	142,988
Q1 2025	PDD PDD Holdings Inc.	PDD Holdings Inc.	Sell	-9,920	-2.9%	$39.71M	335,569
Q1 2025	WIX Wix	Wix	Sell	-21,780	-6.1%	$55.22M	338,000
Q1 2025	YUMC Yum China Holdings, Inc.	Yum China Holdings, Inc.	Sell	-30,464	-5.8%	$25.63M	492,265
Q4 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-2,600	-1.9%	$61.78M	131,588
Q4 2024	CRM Salesforce, Inc.	Salesforce, Inc.	Sell - Position Exit	-7,000	-100.0%	$0.00	-
Q4 2024	CVNA Carvana Co.	Carvana Co.	Sell	-214,217	-28.1%	$111.34M	547,514
Q4 2024	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-91,200	-28.9%	$40.15M	224,347
Q4 2024	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+11,500	-	$4.85M	11,500
Q4 2024	PDD PDD Holdings Inc.	PDD Holdings Inc.	Buy	+26,100	+8.2%	$33.51M	345,489
Q4 2024	WIX Wix	Wix	Sell	-36,500	-9.2%	$77.19M	359,780
Q4 2024	YUMC Yum China Holdings, Inc.	Yum China Holdings, Inc.	Sell	-28,700	-5.2%	$25.18M	522,729
Q3 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-3,500	-2.5%	$59.50M	134,188
Q3 2024	CVNA Carvana Co.	Carvana Co.	Sell	-57,900	-7.1%	$132.62M	761,731
Q3 2024	HTHT H World Group Limited	H World Group Limited	Buy - Position Entry	+616,337	-	$22.93M	616,337