Microsoft Dominates Robert Karr's Tech-Focused Portfolio
Robert Karr's Joho Capital portfolio, as of March 31, 2026, shows a heavy concentration in Technology stocks, particularly Microsoft, with significant changes in holdings like WMT.
Top Holdings
Joho Capital's portfolio, managed by Robert Karr as of March 31, 2026, is dominated by a select group of stocks. The largest position is in MICROSOFT CORP (MSFT), representing approximately 30.59% of the portfolio's value. This is followed by AMAZON COM INC (AMZN) at 14.89% and WIX COM LTD (WIX) at 6.67%. Other significant holdings include WALMART INC (WMT) at 3.99%, HUBBELL INC (HUBB) at 3.14%, and SHARKNINJA INC (SN) at 1.36%. Finally, AMPHENOL CORP (APH) completes the top seven holdings with a 1.15% allocation.
- MSFT: The core holding, showing a slight decrease in shares (-14.19%) from the previous period.
- AMZN: Consumer Cyclical sector, showing a small increase in shares (+0.87%).
- WIX: Technology sector, newly added in the current period (100% change in shares).
- WMT: Consumer Defensive sector, saw a massive increase in shares (+474.82%) during the period.
- HUBB: Industrials sector, newly added in the current period (100% change in shares).
- SN: Sector not specified, newly added in the current period (100% change in shares).
- APH: Technology sector, saw a significant decrease in shares (-56.57%) during the period.
Sector Allocation
The portfolio exhibits a strong bias towards the Technology sector, with Microsoft (30.59%) and Amphénol (1.15%) falling within this category, totaling approximately 31.74% of the portfolio's value. Consumer Cyclical is the next largest sector, represented by Amazon (14.89%).
Other sectors represented include Consumer Defensive (Walmart, 3.99%) and Industrials (Hubbell, 3.14%). The remaining allocation (approximately 45.43%) consists of either holdings in sectors not specified in the data or smaller positions not detailed here.
Investment Strategy and Analysis
Robert Karr's investment strategy, as reflected in this Joho Capital portfolio, appears to favor large-cap technology companies, evidenced by the significant allocation to Microsoft. This suggests a potential tilt towards growth or established tech leaders.
However, the portfolio also includes a substantial position in the consumer defensive stock, Walmart, which experienced a dramatic increase in the most recent period. This indicates a possible diversification strategy or a tactical decision to overweight this particular stock.
The introduction of new holdings like WIX, HUBB, and SN, alongside the reduction in shares of MSFT and APH, suggests an active management style focused on capitalizing on specific opportunities and potentially rotating capital based on market conditions or research. The overall strategy seems to balance a core position in technology with exposure to other sectors, including consumer cyclical and defensive stocks.