RV Capital AG

Fundamental concentrated ★Highest signal CIK 1766596
League rank
#483
in Fundamental concentrated · #1693 overall
Long book
$382.6M
Q1 2026
Positions
13
Top-10 weight
99%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

RV Capital AG is a concentrated fundamental stock-picker, running a $382.6M US long book across 13 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: CARVANA CO, META PLATFORMS INC-CLASS A, CREDIT ACCEPTANCE CORP, INTERACTIVE BROKERS GRO-CL A, H WORLD GROUP LTD-ADR.

Over the last 9 quarters its long book ran on average 2.7pp per quarter ahead of the S&P 500, beating the index in 6 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
+13.6%
Q2 2024
+11.9%
Q3 2024
+9.6%
Q4 2024
-0.2%
Q1 2025
+21.0%
Q2 2025
+8.7%
Q3 2025
-3.2%
Q4 2025
-11.6%
Q1 2026
+14.8%

Sector allocation

Consumer discretionary
39%
Technology
30%
Financials
29%
Industrials
1%
Communications
0%

Long book by quarter

$374.5M
Q1 2024
$415.6M
Q2 2024
$484.9M
Q3 2024
$466.6M
Q4 2024
$453.0M
Q1 2025
$540.2M
Q2 2025
$546.2M
Q3 2025
$429.5M
Q4 2025
$382.6M
Q1 2026

What does RV Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CVNA CARVANA COConsumer discretionary377.3K$118.8M31.1%+24.4%
META META PLATFORMS INC-CLASS ATechnology145.5K$83.3M21.8%+6.8%
CACC CREDIT ACCEPTANCE CORPFinancials124.2K$52.7M13.8%-4.8%
IBKR INTERACTIVE BROKERS GRO-CL AFinancials757.9K$51.1M13.4%+0.7%
YUMC YUM CHINA HOLDINGS INCConsumer discretionary421.5K$20.6M5.4%-5.1%
MSFT MICROSOFT CORPTechnology25.2K$9.4M2.5%+119.3%
GOOGL ALPHABET INC-CL ATechnology32.5K$9.4M2.4%Held
CRM SALESFORCE INCTechnology15.5K$2.9M0.8%+41.3%
DE DEERE & COIndustrials5.0K$2.8M0.7%Held
PAYC PAYCOM SOFTWARE INCTechnology21.4K$2.7M0.7%+72.6%
MORN MORNINGSTAR INCFinancials3.7K$654K0.2%New
SPOT SPOTIFY TECHNOLOGY SACommunications500$242K0.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202613$382.6M canonicalSEC ↗
Q4 202513F-HRJan 30, 202612$429.5M canonicalSEC ↗
Q3 202513F-HROct 22, 202513$546.2M canonicalSEC ↗
Q2 202513F-HRJul 8, 202512$540.2M canonicalSEC ↗
Q1 202513F-HRApr 14, 202511$453.0M canonicalSEC ↗
Q4 202413F-HRJan 22, 202511$466.6M canonicalSEC ↗
Q3 202413F-HRNov 12, 202411$484.9M canonicalSEC ↗
Q2 202413F-HRAug 7, 20248$415.6M canonicalSEC ↗
Q1 202413F-HRMay 2, 20246$374.5M canonicalSEC ↗