Robert Karr of Joho Capital Q4 2025 Portfolio Changes: Focus on Microsoft and Walmart
Joho Capital's Robert Karr made significant adjustments to his portfolio in Q4 2025, notably increasing his stake in Walmart while reducing his position in Microsoft.
Robert Karr, managing director at Joho Capital, made notable adjustments to his investment portfolio during the fourth quarter of 2025, as reflected in the latest filing data. His portfolio, valued at approximately $468.5 million as of December 31, 2025, saw shifts across several key holdings, primarily within the Technology and Consumer Defensive sectors.
The most significant change during this period was a reduction in his position in Microsoft Corporation (MSFT). Karr decreased his holdings by 12.09%, reducing the number of shares by approximately 49,400. This substantial decrease reflects a strategic shift away from the technology giant in the recent quarter.
Conversely, Karr demonstrated strong confidence in consumer-focused retail by significantly increasing his stake in Walmart Inc. (WMT). His holdings in the company surged by an impressive 88.69%, adding nearly 9,800 shares to his portfolio. This substantial increase suggests a positive outlook for the retail sector or the company itself.
Elsewhere in the portfolio, Karr also trimmed his position in Quanta Services Inc. (PWR), which experienced a near-total reduction of 96.47% in its portfolio allocation. Similarly, his holdings in Procter & Gamble Co. (PG) decreased by 58.17%, indicating a less favorable view or a strategic rebalancing away from consumer staples.
In the Technology sector, besides the major reduction in Microsoft, Karr also decreased his position in Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), which saw a 23.69% reduction in its allocation. No new stock positions were disclosed in this filing.
For a more detailed view of Robert Karr's investment activities, you can visit his profile on Insiderset: Robert Karr at Joho Capital. Specific information on his holdings in Microsoft (MSFT), Walmart (WMT), Taiwan Semiconductor (TSM), Quanta Services (PWR), and Procter & Gamble (PG) can be explored further at their respective pages: MSFT, TSM, WMT, PWR, PG.