Robert Karr - Joho Capital 13F Activity & Position Changes (Q1 2020)

As of Mar 31, 2020, the Joho Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 2020, the filing reported:

New Buys - Dayforce, Inc., Euronet Worldwide, Inc.

Increases - None reported

Reductions - Cognex Corporation, Estee Lauder Companies, Inc. (T, Floor & Decor Holdings, Inc., Global Payments Inc., Microsoft Corporation

Complete Exits - ServiceNow, Inc., Spotify

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 2020	CGNX Cognex Corporation	Cognex Corporation	Sell	-80,000	-74.0%	$1.19K	28,121
Q1 2020	DAY Dayforce, Inc.	Dayforce, Inc.	Buy - Position Entry	+60,537	-	$3.03K	60,537
Q1 2020	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy - Position Entry	+41,820	-	$3.58K	41,820
Q1 2020	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-6,450	-39.3%	$1.59K	9,972
Q1 2020	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-909,236	-27.5%	$76.88K	2,395,798
Q1 2020	GPN Global Payments Inc.	Global Payments Inc.	Sell	-495,000	-70.7%	$29.57K	205,000
Q1 2020	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-155,000	-17.4%	$116.39K	738,000
Q1 2020	NOW ServiceNow, Inc.	ServiceNow, Inc.	Sell - Position Exit	-66,000	-100.0%	$0.00	-
Q1 2020	SPOT Spotify	Spotify	Sell - Position Exit	-143,217	-100.0%	$0.00	-