Robert Karr - Joho Capital 13F Activity & Position Changes (Q1 2016)

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, 2016. 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 2016, the filing reported:

New Buys - Etsy, Inc.

Increases - Alibaba Group Holding Limited, Baidu, Inc.

Reductions - Alphabet Inc., Hexcel Corporation, TAL Education Group

Complete Exits - Corning Incorporated, Alphabet Inc., Yelp Inc., Yiren Digital Ltd.

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 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+325,000	+48.2%	$78.99K	999,450
Q1 2016	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+8,220	+65.7%	$3.96K	20,736
Q1 2016	ETSY Etsy, Inc.	Etsy, Inc.	Buy - Position Entry	+313,213	-	$2.73K	313,213
Q1 2016	GLW Corning Incorporated	Corning Incorporated	Sell - Position Exit	-157,200	-100.0%	$0.00	-
Q1 2016	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-16,500	-31.2%	$27.16K	36,456
Q1 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-2,607	-100.0%	$0.00	-
Q1 2016	HXL Hexcel Corporation	Hexcel Corporation	Sell	-164,481	-13.1%	$47.85K	1,094,779
Q1 2016	TAL TAL Education Group	TAL Education Group	Sell	-461,003	-52.2%	$20.97K	422,053
Q1 2016	YELP Yelp Inc.	Yelp Inc.	Sell - Position Exit	-68,600	-100.0%	$0.00	-
Q1 2016	YRD Yiren Digital Ltd.	Yiren Digital Ltd.	Sell - Position Exit	-725,275	-100.0%	$0.00	-