Robert Karr - Joho Capital 13F Activity & Position Changes (Q3 2014)

According to the SEC 13F filed on Aug 14, 2026, the Joho Capital portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. 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 2014, the filing reported:

New Buys - None reported

Increases - Hexcel Corporation

Reductions - Baidu, Inc., TAL Education Group, Veeco Instruments Inc., Vipshop Holdings Limited, VNET Group, Inc., and 1 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 2014	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-121,000	-14.9%	$150.48K	689,550
Q3 2014	HXL Hexcel Corporation	Hexcel Corporation	Buy	+70,963	+12.8%	$24.83K	625,469
Q3 2014	TAL TAL Education Group	TAL Education Group	Sell	-78,774	-3.1%	$87.12K	2,493,530
Q3 2014	VECO Veeco Instruments Inc.	Veeco Instruments Inc.	Sell	-254,413	-18.9%	$38.21K	1,093,387
Q3 2014	VIPS Vipshop Holdings Limited	Vipshop Holdings Limited	Sell	-30,500	-12.6%	$40.01K	211,700
Q3 2014	VNET VNET Group, Inc.	VNET Group, Inc.	Sell	-437,642	-27.3%	$20.98K	1,165,292
Q3 2014	YELP Yelp Inc.	Yelp Inc.	Sell	-393,631	-67.4%	$13.01K	190,677