Robert Karr's Joho Capital Portfolio Shows Significant Shifts in Q1 2026

As of March 31, 2026, Robert Karr's portfolio managed by Joho Capital totaled approximately $366.7 million, reflecting significant quarterly shifts in holdings. The portfolio's allocation saw notable changes, with major adjustments in positions like Microsoft (MSFT) and Walmart (WMT), alongside new investments and reduced stakes.

Microsoft (MSFT), a core holding, saw its share count decrease by 14.19% quarter-over-quarter, impacting its portfolio allocation from 30.59% to 30.59% (though the slight change in allocation percentage might be due to market movements rather than just share reduction). Karr's stake in this Technology giant contracted significantly, with a reduction of 51,000 shares.

Conversely, Walmart (WMT) experienced an extraordinary increase, with a 474.82% surge in share count, adding 99,000 shares. This substantial growth pushed its portfolio allocation from 3.99% to 3.99% (likely due to the massive share increase outweighing potential slight decreases in stock price or overall portfolio growth). This represents a massive, new position or a significantly increased commitment to Consumer Defensive stocks.

Several other positions showed significant growth, indicating potential new investments or substantial additions during the quarter:

• WIX (Symbol: WIX): Total shares jumped by 100% (276,335 shares added), with its portfolio allocation increasing to 6.67%. This Technology holding saw substantial growth.
• HUBB (Symbol: HUBB): Shares increased by 100% (23,900 shares added), boosting its allocation to 3.14% in the Industrials sector.
• SN (Symbol: SN): Shares also surged by 100% (48,000 shares added), increasing its allocation to 1.36%. This is a new investment or a dramatically increased position.

Additionally, there was a significant reduction in holdings:

• APH (Symbol: APH): Shares decreased by 56.57% (44,400 shares sold), reducing its allocation to 1.15%. This Technology holding saw a substantial reduction.

Amazon (AMZN) saw a modest increase in shares (0.87%) and allocation (14.89%), but it was not among the top holdings with the most dramatic changes. Karr's overall portfolio allocation remains dominated by Microsoft at 30.59%, followed by WIX at 6.67% and Amazon at 14.89%.

For more detailed information on Robert Karr's investment activities, visit Joho Capital's investor profile.