Robert Karr - Joho Capital 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Joho Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. 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 2025, the filing reported:

New Buys - Amazon.com, Inc., Walmart Inc.

Increases - None reported

Reductions - Dutch Bros Inc., Microsoft Corporation, Procter & Gamble Company (The), Quanta Services, Inc., Uber Technologies, Inc.

Complete Exits - Adobe Inc., Monday.com

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 2025	ADBE Adobe Inc.	Adobe Inc.	Sell - Position Exit	-130,600	-100.0%	$0.00	-
Q3 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy - Position Entry	+264,500	-	$58.08M	264,500
Q3 2025	BROS Dutch Bros Inc.	Dutch Bros Inc.	Sell	-336,395	-19.2%	$74.24M	1,418,394
Q3 2025	MNDY Monday.com	Monday.com	Sell - Position Exit	-50,000	-100.0%	$0.00	-
Q3 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-147,500	-26.5%	$211.69M	408,700
Q3 2025	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-10,500	-45.6%	$1.93M	12,550
Q3 2025	PWR Quanta Services, Inc.	Quanta Services, Inc.	Sell	-112,700	-49.2%	$48.28M	116,493
Q3 2025	UBER Uber Technologies, Inc.	Uber Technologies, Inc.	Sell	-90,000	-9.1%	$88.36M	901,900
Q3 2025	WMT Walmart Inc.	Walmart Inc.	Buy - Position Entry	+11,050	-	$1.14M	11,050