Tracking Robert Karr’s Joho Capital Portfolio – Q4 2024 Update

• Robert Karr's 13F portfolio value decreased from $633M to $576M this quarter.
• Joho Capital increased Adobe Inc. (ADBE) while dropping NU Holdings (NU).   
• The top three positions are Microsoft (MSFT), Dutch Bros (BROS), and Adobe (ADBE). They add up to ~73% 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 2/14/2025. 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 2024.

 

This quarter, Karr’s 13F stock portfolio value decreased from ~$633M to ~$576M. The number of holdings decreased from 12 to 10. The top three positions represent ~73% of the 13F assets: Microsoft (MSFT), Dutch Bros (BROS), and Adobe (ADBE). 

 

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 2024:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q3 2024 and Q4 2024.

 

 

Tracking Robert Karr’s Joho Capital Portfolio – Q3 2024 Update

• Robert Karr's 13F portfolio value decreased from $707M to $633M this quarter.
• Joho Capital increased Dutch Bros (BROS while dropping Shoals Technologies (SHLS).   
• The top three positions are Microsoft (MSFT), Uber Technologies (UBER), and Quanta Services (PWR). They add up to ~73% 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 11/14/2024. 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 Q1 2024.

 

This quarter, Karr’s 13F stock portfolio value decreased from ~$707M to ~$633M. The number of holdings remained steady at 12. The top three positions represent ~71% 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 Q3 2024:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q2 2024 and Q3 2024.

 

Tracking Robert Karr’s Joho Capital Portfolio – Q2 2024 Update

• Robert Karr's 13F portfolio value decreased from $721M to $707M this quarter.
• Joho Capital added increased Uber Technologies (UBER) and Shoals Technologies (SHLS).   
• The top three positions are Microsoft (MSFT), Uber Technologies (UBER), and Adobe Inc. (ADBE). 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 08/14/2024. 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 Q1 2024.

 

This quarter, Karr’s 13F stock portfolio value decreased from ~$721M to ~$707M. The number of holdings decreased from 16 to 12. The top three positions represent ~65% of the 13F assets: Microsoft (MSFT), Uber Technologies (UBER), and Adobe Inc. (ADBE). 

 

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 Q2 2024:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q1 2024 and Q2 2024.

Tracking Robert Karr’s Joho Capital Portfolio – Q1 2024 Update

 

• Robert Karr's 13F portfolio value increased from $552M to $721M this quarter.
• Joho Capital added Adobe Inc. (ADBE) and increased Shoals Technologies (SHLS).   
• The top three positions are Microsoft (MSFT), Adobe Inc. (ADBE), and Uber Technologies (UBER). They add up to ~60% 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 5/15/2024. 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 Q4 2023.

 

This quarter, Karr’s 13F stock portfolio value increased from ~$552M to ~$721M. The number of holdings remained steady at 16. The top three positions represent ~60% of the 13F assets: Microsoft (MSFT), Adobe Inc. (ADBE), 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 Q1 2024:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q4 2023 and Q1 2024.

 

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.

 

Tracking Robert Karr’s Joho Capital Portfolio – Q3 2023 Update

• 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.

Tracking Robert Karr’s Joho Capital Portfolio – Q2 2023 Update

• Robert Karr's 13F portfolio value increased from $389M to $498M this quarter. 
• Joho Capital added Nextracker (NXT), Livent Corp (LVHM), Uber Technologies (UBER), Alphabet (GOOG), and NU Holdings (NU).    
• The top three positions are Microsoft (MSFT), Quanta Services (PWR), Euronet Worldwide (EEFT). They add up to ~60% 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 8/14/2023. 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 Q1 2023.

 

This quarter, Karr’s 13F stock portfolio value increased ~28% from ~$389M to ~$498M. The number of holdings increased from 17 to 19. The top three positions represent ~60% of the 13F assets: Microsoft (MSFT), Quanta Services (PWR), Euronet Worldwide (EEFT). 

 

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 Q2 2023:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q1 2023 and Q2 2023.

Tracking Robert Karr’s Joho Capital Portfolio – Q1 2023 Update

•  Robert Karr's 13F portfolio value increased from ~$309M to $389M this quarter. 
• Joho Capital increased Quanta Services and Array Technologies while reducing Rivian Automotive, Autodesk, and Amphenol.    
• The top three positions are Microsoft, Quanta Services, Euronet Worldwide. They add up to ~68% 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 5/15/2023. 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 Q4 2022.

 

This quarter, Karr’s 13F stock portfolio value increased ~26% from ~$309M to ~$389M. The number of holdings increased from 15 to 17. The top three positions represent ~68% of the 13F assets: Microsoft, Quanta Services, and Euronet Worldwide. 

 

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 Q1 2023:

 

 

Source: John Vincent. Data constructed from Joho Capital’s 13F filings for Q4 2022 and Q1 2023.

 

Tracking Robert Karr's Joho Capital Portfolio - Q1 2016 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

Karr is one of the most successful among the “tiger cubs” (protégés of Julian Robertson & his legendary Tiger Fund). Although Karr’s main expertise is in Asian equities, ~30% of the assets are typically in US listed 13F securities. To know more about Robert Karr and "tiger cubs", 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 cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.   

Tracking Robert Karr's Joho Capital Portfolio - Q4 2015 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

Karr is one of the most successful among the “tiger cubs” (protégés of Julian Robertson & his legendary Tiger Fund). Although Karr’s main expertise is in Asian equities, ~30% of the assets are typically in US listed 13F securities. To know more about Robert Karr and "tiger cubs", 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 cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.   

Tracking Robert Karr's Joho Capital Portfolio - Q3 2015 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

Karr is one of the most successful among the “tiger cubs” (protégés of Julian Robertson & his legendary Tiger Fund). Although Karr’s main expertise is in Asian equities, ~30% of the assets are typically in US listed 13F securities. To know more about Robert Karr and "tiger cubs", 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 cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.   

Tracking Robert Karr's Joho Capital Portfolio - Q2 2015 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.   

Tracking Robert Karr's Joho Capital Portfolio - Q1 2015 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

 To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.  

Tracking Robert Karr's Joho Capital Portfolio - Q4 2014 Update

Below is a spreadsheet that highlights changes to Robert Karr's Joho Capital portfolio this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:

To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.  

Tracking Robert Karr's Joho Capital Portfolio - Q3 2014 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q3 2014. Please check out our previous update to have an idea on how the portfolio is progressing:

To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy. 

Tracking Robert Karr's Joho Capital Portfolio - Q2 2014 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q2 2014. Please check out our previous update to have an idea on how the portfolio is progressing:

To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy. 

Tracking Robert Karr's Joho Capital Portfolio - Q1 2014 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q1 2014. Please check out our previous update to have an idea on how the portfolio is progressing:

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 .

Tracking Robert Karr's Joho Capital Portfolio - Q4 2013 Update

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 .

Tracking Robert Karr's Joho Capital Portfolio - Q3 2013 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q3 2013. Please check out our previous update to have an idea on how the portfolio is progressing:

Karr's portfolio increased by around 14% this quarter from around $1.16B to $1.33B. Baidu (BIDU) and Google (GOOG) are his largest positions at 21.32% and 16.24% respectively. Position sizes in both were reduced this quarter. Baidu has returned over 55% so far this year compared to over 45% for Google. Two small new positions were added this quarter: Varian Medical (VAR) at 1.71% and Vipshop Holdings (VIPS) at 1.64%. Yelp saw a marginal increase while Youku position was doubled. Yelp have had a stunning performance this year returning over 200%. It accounts for just under 10% of Karr's US long portfolio.

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 .

Tracking Robert Karr's Joho Capital Portfolio - Q2 2013 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q2 2013. Please check out our previous update to have an idea on how the portfolio is progressing:

 Karr's portfolio increased by around 29% this quarter from around $902M to just over $1.16M. Karr made several adjustments to the portfolio this quarter. The prominent ones are:

a) A large 13.68% position in Baidu Inc. (BIDU) established at prices between $84 and $113 last quarter was increased by 64% to an 18.56% stake,
b) A large 9.44% position in Micron Technology (MU) established at prices between $6.34 and $10 was reduced by ~36% at much higher prices to a 6.62% stake,
c) A large 7.21% stake establishment in Mindray Medical (MR) at around $38, and
d) The 4.35% position in Sina Group (SINA) was eliminated.

The largest position is a 21.72% stake in Google (GOOG).

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 .