Robert Karr - Joho Capital Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 14, 2025 | |
| Total Stocks | 8 | |
| Portfolio Value | $578.89M |
Joho Capital Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.5 years | Style | Average duration positions are maintained |
| Position Count | 24 | Style | Number of active positions in portfolio |
| Position Size | 7.6% | Risk | Typical allocation per position |
| Win Rate | 52.4% | Performance | Percentage of profitable positions |
| Average Return | 10.9% | Performance | Mean return across positions |
| Sharpe Ratio | 0.19 | Performance | Return per unit of risk taken |
Investment Case Study: MICROSOFT CORP (MSFT)
3/31/2019 - 7/5/2025
Performance Metrics
Total Return: 129.40%
Holding Period: 2288 days
Max Position Size: $245,065,268.00
Position Weight: 28.01%
Key Events
3/31/2019: ENTRY(408,000.00 shares) @ $0.12
6/30/2019: INCREASE(375,000.00 shares) @ $0.13
9/30/2019: INCREASE(110,000.00 shares) @ $0.14
3/31/2020: DECREASE(-155,000.00 shares) @ $0.16
12/31/2020: INCREASE(24,600.00 shares) @ $0.22
3/31/2021: DECREASE(-19,400.00 shares) @ $0.24
9/30/2021: DECREASE(-25,700.00 shares) @ $0.28
12/31/2021: DECREASE(-99,500.00 shares) @ $0.34
6/30/2022: DECREASE(-27,200.00 shares) @ $0.26
12/31/2023: INCREASE(60,900.00 shares) @ $376.04
12/31/2024: DECREASE(-95,500.00 shares) @ $421.50
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure