Robert Karr - Joho Capital Portfolio (Q1 2026)

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Joho Capital, Robert Karr, has built a diversified portfolio of 9 publicly traded holdings with a total market value of $373.1M as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 30.6% of the total portfolio value. The top 5 holdings account for 88.6% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

9
Total Holdings
$373.1M
Portfolio Value
Mar 31, 2026
Latest Filing
30.6%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in MICROSOFT CORP (MSFT) represents 30.6% of the total portfolio, valued at $114.1M.

Rank Symbol Company Value Portfolio % Change
1 MSFT MICROSOFT CORP $114.1M 30.6% -14.2%
2 BROS DUTCH BROS INC $71.9M 19.3% -
3 TSM TAIWAN SEMICONDUCTOR MANUFAC $64.2M 17.2% -
4 AMZN AMAZON COM INC $55.6M 14.9% +0.9%
5 WIX WIX COM LTD $24.9M 6.7% +100.0%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 120 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
UBER Uber Technologies, Inc. -901,900 Mar 31, 2026 SELL
WIX Wix +276,335 Mar 31, 2026 BUY
WMT Walmart Inc. +99,000 Mar 31, 2026 BUY
MSFT Microsoft Corporation -51,000 Mar 31, 2026 SELL
SN SharkNinja +48,000 Mar 31, 2026 BUY
APH Amphenol Corporation -44,400 Mar 31, 2026 SELL
HUBB Hubbell Inc +23,900 Mar 31, 2026 BUY
PG Procter & Gamble Company (The) -5,250 Mar 31, 2026 SELL
PWR Quanta Services, Inc. -4,110 Mar 31, 2026 SELL
AMZN Amazon.com, Inc. +2,300 Mar 31, 2026 BUY

Investment Strategy Insights

Joho Capital's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in MICROSOFT CORP (MSFT) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 14.2% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 120 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Joho Capital's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 9 holdings valued at $373.1M. The concentrated position in MICROSOFT CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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