Rheos Capital Works 13F annual report
Rheos Capital Works is an investment fund managing more than $1.91 billion ran by Shoko Ishikawa. There are currently 98 companies in Mrs. Ishikawa’s portfolio. The largest investments include NVIDIA Corp and Microsoft, together worth $217 million.
$1.91 billion Assets Under Management (AUM)
As of 17th July 2024, Rheos Capital Works’s top holding is 930,000 shares of NVIDIA Corp currently worth over $115 million and making up 6.0% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Rheos Capital Works owns more than approximately 0.1% of the company.
In addition, the fund holds 229,300 shares of Microsoft worth $102 million, whose value grew 8.6% in the past six months.
The third-largest holding is Qualcomm worth $99.5 million and the next is Alphabet Inc worth $62.4 million, with 340,000 shares owned.
Currently, Rheos Capital Works's portfolio is worth at least $1.91 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Rheos Capital Works
The Rheos Capital Works office and employees reside in Tokyo, Japan. According to the last 13-F report filed with the SEC, Shoko Ishikawa serves as the Manager of General Affairs Department at Rheos Capital Works.
Recent trades
In the most recent 13F filing, Rheos Capital Works revealed that it had opened a new position in
Goldman Sachs and bought 68,000 shares worth $30.8 million.
This means they effectively own approximately 0.1% of the company.
Goldman Sachs makes up
18.0%
of the fund's Finance sector allocation and has grown its share price by 35.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
769,500 additional shares.
This makes their stake in NVIDIA Corp total 930,000 shares worth $115 million.
NVIDIA Corp dropped 72.3% in the past year.
On the other hand, there are companies that Rheos Capital Works is getting rid of from its portfolio.
Rheos Capital Works closed its position in Apple Inc on 24th July 2024.
It sold the previously owned 208,200 shares for $35.7 million.
Shoko Ishikawa also disclosed a decreased stake in Microsoft by 0.4%.
This leaves the value of the investment at $102 million and 229,300 shares.
One of the smallest hedge funds
The two most similar investment funds to Rheos Capital Works are Boston Advisors and Rivulet Capital. They manage $1.91 billion and $1.92 billion respectively.
Shoko Ishikawa investment strategy
Rheos Capital Works’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 29.6% of
the total portfolio value.
The fund focuses on investments in the United States as
56.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $121 billion.
The complete list of Rheos Capital Works trades based on 13F SEC filings
These positions were updated on July 24th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
479.44%
930,000
|
$114,892,000 | 6.02% |
| Microsoft Corporation |
42.36%
229,300
|
$102,486,000 | 5.37% |
| Qualcomm, Inc. |
11.20%
499,400
|
$99,470,000 | 5.21% |
| Alphabet Inc |
78.95%
340,000
|
$62,363,000 | 3.27% |
| Cameco Corp. |
7.35%
1,260,000
|
$61,992,000 | 3.25% |
| Amazon.com Inc. |
6.73%
318,800
|
$61,608,000 | 3.23% |
| Lilly Eli & Co |
45.66%
61,400
|
$55,590,000 | 2.91% |
| Crocs Inc |
100.19%
316,300
|
$46,161,000 | 2.42% |
| Arm Holdings Plc |
4.67%
268,900
|
$43,997,000 | 2.30% |
| Visa Inc |
No change
152,200
|
$39,948,000 | 2.09% |
| Emerson Elec Co |
No change
337,100
|
$37,135,000 | 1.94% |
| Apple Inc |
Closed
208,200
|
$35,702,000 | |
| Ferrari N.V. |
54.10%
85,700
|
$34,997,000 | 1.83% |
| Seagate Technology Hldngs Pl |
18.28%
323,500
|
$33,408,000 | 1.75% |
| General Electric Co. |
Closed
183,400
|
$32,192,000 | |
| Madrigal Pharmaceuticals Inc |
No change
110,215
|
$30,878,000 | 1.62% |
| Goldman Sachs Group, Inc. |
Opened
68,000
|
$30,758,000 | 1.61% |
| Motorola Solutions Inc |
21.67%
79,500
|
$30,691,000 | 1.61% |
| Citigroup Inc |
Opened
461,000
|
$29,255,000 | 1.53% |
| Applied Matls Inc |
68.87%
122,600
|
$28,932,000 | 1.52% |
| Raytheon Technologies Corp |
35.24%
287,800
|
$28,892,000 | 1.51% |
| Hershey Company |
0.72%
154,000
|
$28,310,000 | 1.48% |
| Tetra Tech, Inc. |
No change
136,800
|
$27,973,000 | 1.47% |
| Caseys Gen Stores Inc |
34.90%
66,100
|
$25,221,000 | 1.32% |
| NextEra Energy Inc |
No change
335,000
|
$23,721,000 | 1.24% |
| Thermo Fisher Scientific Inc. |
158.79%
42,700
|
$23,613,000 | 1.24% |
| Netflix Inc. |
5.40%
33,200
|
$22,406,000 | 1.17% |
| Costco Whsl Corp New |
26.44%
26,300
|
$22,355,000 | 1.17% |
| Palo Alto Networks Inc |
41.96%
65,000
|
$22,036,000 | 1.15% |
| HDFC Bank Ltd. |
283.91%
334,000
|
$21,486,000 | 1.13% |
| Spotify Technology S.A. |
70.51%
66,500
|
$20,867,000 | 1.09% |
| Walmart Inc |
60.08%
306,400
|
$20,746,000 | 1.09% |
| Lockheed Martin Corp. |
63.43%
43,800
|
$20,459,000 | 1.07% |
| Ross Stores, Inc. |
240.24%
139,500
|
$20,272,000 | 1.06% |
| Bjs Whsl Club Hldgs Inc |
275.41%
229,000
|
$20,115,000 | 1.05% |
| Dell Technologies Inc |
Closed
168,000
|
$19,170,000 | |
| American Express Co. |
55.22%
82,700
|
$19,149,000 | 1.00% |
| Hewlett Packard Enterprise C |
Opened
900,000
|
$19,053,000 | 1.00% |
| On Hldg Ag |
58.67%
476,000
|
$18,469,000 | 0.97% |
| Constellation Energy Corp. |
60.85%
92,000
|
$18,425,000 | 0.96% |
| Darling Ingredients Inc |
100.00%
500,000
|
$18,375,000 | 0.96% |
| Ollies Bargain Outlet Hldgs |
43.31%
182,000
|
$17,867,000 | 0.94% |
| BILL Holdings Inc |
Closed
256,500
|
$17,627,000 | |
| Disney Walt Co |
No change
175,900
|
$17,465,000 | 0.91% |
| Roper Technologies Inc |
Closed
30,500
|
$17,106,000 | |
| MongoDB Inc |
No change
67,000
|
$16,747,000 | 0.88% |
| Xylem Inc |
No change
120,900
|
$16,398,000 | 0.86% |
| Oreilly Automotive Inc |
No change
15,300
|
$16,158,000 | 0.85% |
| Micron Technology Inc. |
Closed
134,800
|
$15,892,000 | |
| Tjx Cos Inc New |
177.65%
141,600
|
$15,590,000 | 0.82% |
| Snap Inc |
Opened
900,000
|
$14,949,000 | 0.78% |
| Procore Technologies, Inc. |
48.67%
223,000
|
$14,787,000 | 0.77% |
| Globalfoundries Inc |
No change
263,000
|
$13,297,000 | 0.70% |
| L3Harris Technologies Inc |
26.23%
59,200
|
$13,295,000 | 0.70% |
| Agilent Technologies Inc. |
31.91%
99,200
|
$12,859,000 | 0.67% |
| Peabody Engr Corp |
No change
579,500
|
$12,819,000 | 0.67% |
| Service Corp Intl |
24.14%
180,000
|
$12,803,000 | 0.67% |
| Kura Sushi USA, Inc. |
102.11%
192,000
|
$12,113,000 | 0.63% |
| Markel Corp |
No change
7,500
|
$11,817,000 | 0.62% |
| Crown Castle Inc |
Closed
109,000
|
$11,535,000 | |
| Leidos Holdings Inc |
5.33%
79,000
|
$11,525,000 | 0.60% |
| SL Green Realty Corp. |
Closed
209,000
|
$11,522,000 | |
| American Tower Corp. |
Closed
57,600
|
$11,381,000 | |
| Adobe Inc |
Closed
22,500
|
$11,354,000 | |
| Royal Caribbean Group |
Opened
68,400
|
$10,905,000 | 0.57% |
| Inspire Med Sys Inc |
No change
79,400
|
$10,626,000 | 0.56% |
| Joby Aviation Inc |
No change
2,055,000
|
$10,481,000 | 0.55% |
| EOG Resources, Inc. |
Closed
80,000
|
$10,227,000 | |
| Take-Two Interactive Software, Inc. |
Closed
68,800
|
$10,216,000 | |
| Blackstone Inc |
No change
82,000
|
$10,152,000 | 0.53% |
| Medpace Holdings Inc |
No change
24,601
|
$10,132,000 | 0.53% |
| Ameresco Inc. |
27.20%
350,700
|
$10,104,000 | 0.53% |
| ON Semiconductor Corp. |
Opened
146,500
|
$10,043,000 | 0.53% |
| Option Care Health Inc |
No change
357,600
|
$9,906,000 | 0.52% |
| Talen Energy Corp. |
Opened
86,000
|
$9,548,000 | 0.50% |
| Digital Realty Trust Inc |
Closed
65,000
|
$9,363,000 | |
| BorgWarner Inc |
11.24%
287,100
|
$9,256,000 | 0.48% |
| Vornado Realty Trust |
Closed
318,000
|
$9,149,000 | |
| Ge Vernova Inc. |
Opened
51,850
|
$8,893,000 | 0.47% |
| Lamb Weston Holdings Inc |
No change
100,000
|
$8,408,000 | 0.44% |
| Broadcom Inc |
68.10%
5,200
|
$8,349,000 | 0.44% |
| Taiwan Semiconductor Mfg Ltd |
52.58%
46,000
|
$7,995,000 | 0.42% |
| Equinix Inc |
63.24%
10,000
|
$7,566,000 | 0.40% |
| Vertiv Holdings Co |
83.69%
84,800
|
$7,341,000 | 0.38% |
| Asml Holding N V |
52.98%
7,100
|
$7,261,000 | 0.38% |
| Arista Networks Inc |
45.33%
20,500
|
$7,185,000 | 0.38% |
| Exponent Inc. |
Closed
86,100
|
$7,120,000 | |
| Keycorp |
No change
500,000
|
$7,105,000 | 0.37% |
| Danaher Corp. |
Opened
27,500
|
$6,871,000 | 0.36% |
| Intel Corp. |
No change
217,000
|
$6,720,000 | 0.35% |
| D.R. Horton Inc. |
28.57%
45,000
|
$6,342,000 | 0.33% |
| Advanced Micro Devices Inc. |
Closed
34,100
|
$6,155,000 | |
| Rockwell Automation Inc |
Closed
20,000
|
$5,827,000 | |
| Humana Inc. |
Opened
15,000
|
$5,605,000 | 0.29% |
| Kinsale Cap Group Inc |
No change
14,400
|
$5,548,000 | 0.29% |
| Anthem Inc |
Opened
10,000
|
$5,419,000 | 0.28% |
| Powerschool Holdings, Inc. |
Closed
253,700
|
$5,401,000 | |
| Intuitive Surgical Inc |
62.50%
12,000
|
$5,338,000 | 0.28% |
| Chart Inds Inc |
No change
36,500
|
$5,268,000 | 0.28% |
| Nuscale Power Corp. |
80.00%
450,000
|
$5,261,000 | 0.28% |
| Houlihan Lokey Inc |
Opened
38,400
|
$5,179,000 | 0.27% |
| Molson Coors Beverage Company |
Opened
100,000
|
$5,083,000 | 0.27% |
| Akero Therapeutics Inc |
Opened
216,000
|
$5,067,000 | 0.27% |
| Eaton Corp Plc |
46.43%
15,000
|
$4,703,000 | 0.25% |
| Doximity, Inc. |
Closed
172,800
|
$4,650,000 | |
| British Amern Tob Plc |
Opened
150,000
|
$4,640,000 | 0.24% |
| CME Group Inc |
66.13%
23,300
|
$4,581,000 | 0.24% |
| Amphenol Corp. |
Opened
68,000
|
$4,581,000 | 0.24% |
| Cboe Global Mkts Inc |
67.20%
26,700
|
$4,541,000 | 0.24% |
| Esab Corp. |
No change
46,666
|
$4,407,000 | 0.23% |
| Vistra Corp |
Opened
50,000
|
$4,299,000 | 0.23% |
| Wolfspeed Inc |
No change
177,500
|
$4,040,000 | 0.21% |
| Lattice Semiconductor Corp. |
No change
67,400
|
$3,909,000 | 0.20% |
| Lululemon Athletica inc. |
Opened
13,000
|
$3,883,000 | 0.20% |
| Coinbase Global Inc |
Opened
17,000
|
$3,778,000 | 0.20% |
| Lazard Inc. |
Opened
80,000
|
$3,054,000 | 0.16% |
| Accenture Plc Ireland |
60.00%
10,000
|
$3,034,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 117 holdings | |||
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