Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q4
2013. Please check out our previous update to have an idea on how the portfolio is progressing:
Karr's portfolio increased by around 10% this quarter from around $1.33B to $1.46B. Baidu (BIDU) and Google (GOOG) are his largest positions at18.11 % and 17.21% respectively. Position sizes in both were reduced last two quarters - both had tremendous appreciation in the last year and Karr is starting to cash-out. Two small new positions were added this quarter: 58.com ADR (WUBA) at 2.41% and Qunar Cayman (QUNR) at 0.05%. Four positions were substantially increased as well: Mead Johnson (MJN), Veeco Instruments (VECO), Vipshop Holdings (VIPS), and Youku Tudou (YOKU) - currently they account for 10.04%, 5.71%, 4.38%, and 5.29% of the US long portfolio respectively.
To know more about Robert Karr and "tiger cubs" (proteges of Julian Robertson & his legendary Tiger Fund), check out the book Julian Robertson: A Tiger in the Land of Bulls and Bears. To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .
Karr's portfolio increased by around 10% this quarter from around $1.33B to $1.46B. Baidu (BIDU) and Google (GOOG) are his largest positions at18.11 % and 17.21% respectively. Position sizes in both were reduced last two quarters - both had tremendous appreciation in the last year and Karr is starting to cash-out. Two small new positions were added this quarter: 58.com ADR (WUBA) at 2.41% and Qunar Cayman (QUNR) at 0.05%. Four positions were substantially increased as well: Mead Johnson (MJN), Veeco Instruments (VECO), Vipshop Holdings (VIPS), and Youku Tudou (YOKU) - currently they account for 10.04%, 5.71%, 4.38%, and 5.29% of the US long portfolio respectively.
To know more about Robert Karr and "tiger cubs" (proteges of Julian Robertson & his legendary Tiger Fund), check out the book Julian Robertson: A Tiger in the Land of Bulls and Bears. To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .
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