Robert Karr - Joho Capital 13F Activity & Position Changes (Q4 2019)

According to the SEC 13F filed on Aug 14, 2026, the Joho Capital portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2019. 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 2019, the filing reported:

New Buys - ServiceNow, Inc.

Increases - Estee Lauder Companies, Inc. (T, Global Payments Inc.

Reductions - Floor & Decor Holdings, Inc.

Complete Exits - The RealReal, Inc.

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 2019	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+4,200	+34.4%	$3.39K	16,422
Q4 2019	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-140,100	-4.1%	$167.93K	3,305,034
Q4 2019	GPN Global Payments Inc.	Global Payments Inc.	Buy	+86,000	+14.0%	$127.79K	700,000
Q4 2019	NOW ServiceNow, Inc.	ServiceNow, Inc.	Buy - Position Entry	+66,000	-	$18.63K	66,000
Q4 2019	REAL The RealReal, Inc.	The RealReal, Inc.	Sell - Position Exit	-36,400	-100.0%	$0.00	-