Robert Karr - Joho Capital 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Joho Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 17, 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 2025, the filing reported:

New Buys - None reported

Increases - Walmart Inc.

Reductions - Microsoft Corporation, Procter & Gamble Company (The), Quanta Services, Inc., Taiwan Semiconductor Manufactur

Complete Exits - None reported

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 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-49,400	-12.1%	$173.76M	359,300
Q4 2025	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-7,300	-58.2%	$752.38K	5,250
Q4 2025	PWR Quanta Services, Inc.	Quanta Services, Inc.	Sell	-112,383	-96.5%	$1.73M	4,110
Q4 2025	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-59,000	-23.7%	$57.77M	190,100
Q4 2025	WMT Walmart Inc.	Walmart Inc.	Buy	+9,800	+88.7%	$2.32M	20,850