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

As of Dec 31, 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 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	-