Tracking Robert Karr’s Joho Capital Portfolio – Q4 2023 Update

  • Robert Karr's 13F portfolio value increased from $444M to $552M this quarter. 
  • Joho Capital increased Microsoft (MSFT) and Shoals Technologies (SHLS) while decreasing Alphabet (GOOGL) and Rvian Automotive (RIVN).    
  • The top three positions are Microsoft (MSFT), Uber Technologies (UBER), and Quanta Services (PWR). They add up to ~67% 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 2/14/2024. 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 Q3 2023.

 

This quarter, Karr’s 13F stock portfolio value increased from ~$444M to ~$552M. The number of holdings remained steady at 16. The top three positions represent ~67% of the 13F assets: Microsoft (MSFT), Uber Technologies (UBER), and Quanta Services (PWR). 

 

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 Q4 2023:

 


 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q3 2023 and Q4 2023.

 




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