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

According to the SEC 13F filed on Nov 14, 2025, the Joho Capital portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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