Robert Karr - Joho Capital 13F Activity & Position Changes (Q3 2019)

As of Sep 30, 2019, 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 Q3 2019, the filing reported:

New Buys - None reported

Increases - Global Payments Inc., Microsoft Corporation, The RealReal, Inc.

Reductions - Alibaba Group Holding Limited, Cognex Corporation, Estee Lauder Companies, Inc. (T, Floor & Decor Holdings, Inc., Spotify

Complete Exits - Hexcel Corporation, TJX Companies, Inc. (The)

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 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-43,850	-6.0%	$115.13K	688,471
Q3 2019	CGNX Cognex Corporation	Cognex Corporation	Sell	-1,157,000	-91.5%	$5.31K	108,121
Q3 2019	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-140	-1.1%	$2.43K	12,222
Q3 2019	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-472,294	-12.1%	$176.22K	3,445,134
Q3 2019	GPN Global Payments Inc.	Global Payments Inc.	Buy	+407,000	+196.6%	$97.63K	614,000
Q3 2019	HXL Hexcel Corporation	Hexcel Corporation	Sell - Position Exit	-218,053	-100.0%	$0.00	-
Q3 2019	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+110,000	+14.0%	$124.15K	893,000
Q3 2019	REAL The RealReal, Inc.	The RealReal, Inc.	Buy	+16,400	+82.0%	$814.00	36,400
Q3 2019	SPOT Spotify	Spotify	Sell	-76,783	-34.9%	$16.33K	143,217
Q3 2019	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell - Position Exit	-35,614	-100.0%	$0.00	-