Robert Karr - Joho Capital 13F Activity & Position Changes (Q1 2015)

According to the SEC 13F filed on Aug 14, 2026, the Joho Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2015. 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 Q1 2015, the filing reported:

New Buys - None reported

Increases - TAL Education Group, Yelp Inc.

Reductions - Baidu, Inc.

Complete Exits - Veeco Instruments Inc., VNET Group, Inc.

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
Q1 2015	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-205,850	-37.7%	$71.00K	340,700
Q1 2015	TAL TAL Education Group	TAL Education Group	Buy	+168,628	+6.9%	$86.90K	2,615,890
Q1 2015	VECO Veeco Instruments Inc.	Veeco Instruments Inc.	Sell - Position Exit	-698,156	-100.0%	$0.00	-
Q1 2015	VNET VNET Group, Inc.	VNET Group, Inc.	Sell - Position Exit	-800,375	-100.0%	$0.00	-
Q1 2015	YELP Yelp Inc.	Yelp Inc.	Buy	+325,000	+67.6%	$38.15K	805,677