Robert Karr - Joho Capital 13F Activity & Position Changes (Q4 2014)

As of Dec 31, 2014, 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 Q4 2014, the filing reported:

New Buys - None reported

Increases - Hexcel Corporation, Yelp Inc.

Reductions - Baidu, Inc., TAL Education Group, Veeco Instruments Inc., VNET Group, Inc.

Complete Exits - Vipshop Holdings Limited

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
Q4 2014	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-143,000	-20.7%	$124.60K	546,550
Q4 2014	HXL Hexcel Corporation	Hexcel Corporation	Buy	+231,491	+37.0%	$35.55K	856,960
Q4 2014	TAL TAL Education Group	TAL Education Group	Sell	-46,268	-1.9%	$68.74K	2,447,262
Q4 2014	VECO Veeco Instruments Inc.	Veeco Instruments Inc.	Sell	-395,231	-36.1%	$24.35K	698,156
Q4 2014	VIPS Vipshop Holdings Limited	Vipshop Holdings Limited	Sell - Position Exit	-211,700	-100.0%	$0.00	-
Q4 2014	VNET VNET Group, Inc.	VNET Group, Inc.	Sell	-364,917	-31.3%	$12.38K	800,375
Q4 2014	YELP Yelp Inc.	Yelp Inc.	Buy	+290,000	+152.1%	$26.31K	480,677