- Robert Karr's 13F portfolio value decreased from $498M to $444M this quarter.
- Joho Capital added Dutch Bros (BROS) and increased Uber (UBER) while dropping Euronet Worldwide (EEFT) and Livent (LVHM).
- The top three positions are Microsoft (MSFT), Quanta Services (PWR), and Uber Technologies (UBER). They add up to ~65% of the portfolio.
This article is part of a series that provides an ongoing
analysis of the changes made to Robert Karr’s 13F stock portfolio on a
quarterly basis. It is based on Karr’s regulatory 13F
Form filed on 11/14/2023. Please visit our Tracking
Robert Karr’s Joho Capital Portfolio article for an idea on his investment
philosophy and our last
update for the fund’s moves during Q2 2023.
This quarter, Karr’s 13F stock portfolio value decreased
from ~$498M to ~$444M. The number of holdings decreased from 19 to 16. The top
three positions represent ~65% of the 13F assets: Microsoft (MSFT), Quanta
Services (PWR), and Uber Technologies (UBER).
Robert Karr was one of the most successful among the “tiger
cubs” (protégés of Julian Robertson & his legendary Tiger Fund). Although
his main expertise is Asian equities, ~30% of the assets are typically in US
listed 13F securities. The fund (1996 inception) closed to outside money and
became a Family Office in 2014. To know more about Robert Karr and "tiger
cubs", check out the book Julian
Robertson: A Tiger in the Land of Bulls and Bears.
The spreadsheet below highlights changes to Karr’s 13F stock
holdings in Q3 2023:
Source: John Vincent. Data constructed from Joho Capital’s
13F filings for Q2 2023 and Q3 2023.
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