Robert Karr - Joho Capital Investment Strategy (Jun 30, 2025)
As of Jun 30, 2025, the Joho Capital portfolio managed by Robert Karr demonstrates a sophisticated investment approach with 26 positions and an average holding period of 594 quarters. The strategy focuses on Communication Services, Consumer Cyclical, Consumer Defensive, Industrials, Real Estate, Technology sectors with a typical position size of 7.6% of the portfolio.
The portfolio's risk management approach includes a maximum position size of 7.6% and sector diversification of 6%, exemplified by the case study of MICROSOFT CORP (MSFT). This strategic framework provides insights into Robert Karr's investment philosophy, risk management practices, and long-term value creation approach.
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.6 years | Style | Average duration positions are maintained |
| Position Count | 26 | Style | Number of active positions in portfolio |
| Position Size | 7.6% | Risk | Typical allocation per position |
| Win Rate | 55.1% | Performance | Percentage of profitable positions |
| Average Return | 13.1% | Performance | Mean return across positions |
| Sharpe Ratio | 0.23 | Performance | Return per unit of risk taken |
Investment Case Study: MICROSOFT CORP (MSFT)
3/31/2019 - 11/10/2025
Performance Metrics
Total Return: 129.40%
Holding Period: 2416 days
Max Position Size: $245,065,268.00
Position Weight: 28.01%
Key Events
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure