JOHO CAPITAL LLC
Long book
$373.1M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+14.3%
SPY +14.8%
Turnover
54%
of book per quarter
Strategy in plain words
auto-generated from filingsJOHO CAPITAL LLC is a concentrated fundamental stock-picker, specialised in technology (61% of the long book), running a $373.1M US long book across 10 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, DUTCH BROS INC-CLASS A, TAIWAN SEMICONDUCTOR-SP ADR, AMAZON.COM INC, WIX.COM LTD.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.6%
Q2 2024
-3.2%
Q3 2024
+1.2%
Q4 2024
-4.3%
Q1 2025
+24.7%
Q2 2025
+0.2%
Q3 2025
-0.8%
Q4 2025
-13.5%
Q1 2026
+14.3%
Sector allocation
Technology 51%
Consumer discretionary 47%
Industrials 2%
Long book by quarter
What does JOHO CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 308.3K | $114.1M | 30.6% | -14.2% |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 1.4M | $71.9M | 19.3% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 266.8K | $55.6M | 14.9% | +0.9% |
| WIX WIX.COM LTD | Technology | 276.3K | $24.9M | 6.7% | New |
| WMT WALMART INC | Consumer discretionary | 119.8K | $14.9M | 4.0% | +474.8% |
| HUBB HUBBELL INC | Technology | 23.9K | $11.7M | 3.1% | New |
| SN SHARKNINJA INC | Industrials | 48.0K | $5.1M | 1.4% | New |
| APH AMPHENOL CORP-CL A | Technology | 34.1K | $4.3M | 1.2% | -56.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 10 | $373.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $468.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $563.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $709.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 8 | $578.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $576.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $633.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $706.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 16 | $721.0M | canonical | SEC ↗ |