SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Rheos Capital Works Inc.

CIK 0001735445 · 1-11-1, MARUNOUCHI CHIYODA-KU, TOKYO, M0, 100-6227 · 81-3-6266-0124

Reported Value
$1.4B
Q4 2020
Positions
78
Filings on Record
29
2019–present window
Filed
Feb 12, 2021
original filing

Summary

Rheos Capital Works Inc. reported $1.4B in U.S.-listed holdings across 78 positions for Q4 2020.

Its largest position, BILI, represents 8.0% of the portfolio.

Compared with Q3 2020, the fund opened 8 new positions and exited 1.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+46.8%
share of reported value
Largest Position
+8.0%
Bilibili
New / Exited
8 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $822MQ1 ’19Q2 ’19: $747MQ3 ’19: $879MQ4 ’19: $971MQ1 ’20: $943MQ1 ’20Q2 ’20: $1.4BQ3 ’20: $1.2BQ4 ’20: $1.4BQ1 ’21: $1.5BQ1 ’21Q2 ’21: $2.0BQ3 ’21: $1.9BQ4 ’21: $2.3BQ1 ’22: $2.1BQ1 ’22Q2 ’22: $1.3BQ3 ’22: $1.5BQ4 ’22: $1.7BQ1 ’23: $1.8BQ1 ’23Q2 ’23: $1.9BQ3 ’23: $1.7BQ4 ’23: $1.8BQ1 ’24: $2.1BQ1 ’24Q2 ’24: $1.9BQ3 ’24: $1.9BQ4 ’24: $1.8BQ1 ’25: $1.2BQ1 ’25Q2 ’25: $1.7BQ3 ’25: $1.8BQ4 ’25: $1.6BQ1 ’26: $1.5BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 80.9%ADR: 8.8%REIT: 5.2%Other: 5.2%
  • Common Stock · 80.9% · $1.1B
  • ADR · 8.8% · $121M
  • REIT · 5.2% · $72M
  • Other · 5.2% · $71M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIVEFive Below Inc.NEW+183.4K183.4K+$32M$32M
GPNGlobal Payments Inc.NEW+59.7K59.7K+$13M$13M
BALLBall Corp.NEW+84.0K84.0K+$8M$8M
EXPOExponent Inc.NEW+86.1K86.1K+$8M$8M
KEYSKeysight Technologies Inc.NEW+41.0K41.0K+$5M$5M
CRWDCrowdStrike Holdings Inc.NEW+16.5K16.5K+$3M$3M
Arista Networks Inc.NEW+8.6K8.6K+$2M$2M
UPWKUpwork Inc.NEW+72.0K72.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

78 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BILIBilibili Inc.history →SPONSORED ADR7.99%$110M1.28M
2ACNAccenture plc.history →CL A5.14%$71M270.7K
3MSFTMicrosoft Corp.history →COM5.00%$69M309.3K
4QCOMQualcomm Inc.history →COM4.60%$63M415.4K
5NFLXNetflix Inc.history →COM4.49%$62M114.2K
6AMTAmerican Tower Corp.history →COM4.45%$61M273.2K
7OLLIOllie's Bargain Outlet Holdings Inc.history →COM4.01%$55M675.6K
8VEEVVeeva Systems Inc.history →CL A3.80%$52M192.4K
9CRMSalesforce.Com Inc.history →COM3.79%$52M234.3K
10New Oriental Education & Technology Group Inc.SPONSORED ADR3.52%$48M260.8K
11VVisa Inc.history →CL A2.59%$36M163.2K
12FIVEFive Below Inc.history →COM2.33%$32M183.4K
13SKAASkechers USA Inc.history →CL A1.82%$25M695.4K
14ZMZoom Video Communications Inc.history →CL A1.77%$24M72.1K
15Xilinx, Inc.COM1.30%$18M126.0K
16TXNTexas Instruments Inc.history →COM1.28%$18M107.4K
17SITESiteOne Landscape Supply Inc.history →COM1.23%$17M106.9K
18FRCBFirst Republic Bankhistory →COM1.21%$17M113.5K
19NVDANVIDIA Corp.history →COM1.19%$16M31.3K
20GMGeneral Motors Co.history →COM1.16%$16M383.0K
21SPOTSpotify Technology S.A.history →COM1.12%$15M49.0K
22MSCIMSCI Inc.history →COM1.06%$15M32.8K
23ISRGIntuitive Surgical Inc.history →COM1.04%$14M17.5K
24PYPLPayPal Holdings Inc.history →COM1.01%$14M59.5K
25CDNSCadence Design Systems Inc.history →COM1.00%$14M100.9K
26Brookfield Asset Management Inc.CL A1.00%$14M332.0K
27AMZNAmazon.com Inc.history →COM0.99%$14M4.2K
28GNRCGenerac Holdings Inc.history →COM0.98%$14M59.4K
29COFCapital One Financial Corp.history →COM0.97%$13M134.8K
30ROPRoper Technologies Inc.history →COM0.96%$13M30.5K
31BJBJ's Wholesale Club Holdings Inc.history →COM0.94%$13M347.0K
32XYZSquare Inc.history →CL A0.94%$13M59.3K
33GPNGlobal Payments Inc.history →COM0.93%$13M59.7K
34COSTCostco Wholesale Corp.history →COM0.90%$12M33.0K
35EWEdwards Lifesciences Corp.history →COM0.90%$12M135.2K
36GOOGAlphabet Inc.history →CL C0.89%$12M7.0K
37KMXCarMax, Inc.history →COM0.86%$12M125.5K
38RNGRingCentral Inc.history →CL A0.83%$11M30.2K
39MSIMotorola Solutions Inc.history →COM0.83%$11M67.2K
40TJXTJX Companies, Inc.history →COM0.83%$11M167.0K
41WMWaste Management, Inc.history →COM0.78%$11M91.1K
42SNASnap-On, Inc.history →COM0.78%$11M62.7K
43NICENICE Ltd.history →SPONSORED ADR0.78%$11M37.7K
44ROSTRoss Stores Inc.history →COM0.77%$11M86.5K
45DOWDow Inc.history →COM0.76%$10M187.7K
46Lam Research Corp.COM0.74%$10M21.5K
47TSNTyson Foods Inc.history →CL A0.73%$10M156.2K
48EMREmerson Electric Co.COM0.63%$9M107.8K
49LWLamb Weston Holdings Inc.COM0.63%$9M109.5K
50EOGEOG Resources, Inc.COM0.62%$9M170.5K
51AKAMAkamai Technologies Inc.COM0.61%$8M80.4K
52BALLBall Corp.COM0.57%$8M84.0K
53EXPOExponent Inc.COM0.56%$8M86.1K
54SPGIS&P Global Inc.COM0.56%$8M23.3K
55AAgilent Technologies, Inc.COM0.54%$7M62.8K
56TTWOTake-Two Interactive Software, Inc.COM0.54%$7M35.7K
57EYENational Vision Holdings Inc.COM0.53%$7M161.4K
58World Wrestling Entertainment, Inc.CL A0.51%$7M146.8K
59GSGoldman Sachs Group, Inc.COM0.50%$7M26.3K
60Discover Financial ServicesCOM0.50%$7M75.7K
61ALGTAllegiant Travel Co.COM0.48%$7M35.2K
62GISGeneral Mills Inc.COM0.40%$5M93.0K
63CCICrown Castle International Corp.COM0.40%$5M34.2K
64KEYSKeysight Technologies Inc.COM0.39%$5M41.0K
65ALLYAlly Financial Inc.COM0.39%$5M150.0K
66EQIXEquinix Inc.COM0.37%$5M7.1K
67MELIMercadoLibre Inc.COM0.37%$5M3.0K
68CHGGChegg Inc.COM0.35%$5M52.9K
69INTUIntuit Inc.COM0.33%$5M12.0K
70Cooper Companies, Inc.COM0.33%$5M12.4K
71Arco Platform Ltd.CL A0.31%$4M119.7K
72DOCUDocuSign Inc.COM0.29%$4M18.0K
73WPMWheaton Precious Metals Corp.COM0.27%$4M87.6K
74CRWDCrowdStrike Holdings Inc.CL A0.25%$3M16.5K
75Lions Gate Entertainment Corp.CL A0.23%$3M273.9K
76ZSZscaler Inc.COM0.22%$3M15.3K
77Arista Networks Inc.COM0.18%$2M8.6K
78UPWKUpwork Inc.COM0.18%$2M72.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B73May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.6B67Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.8B62Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.7B68Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B67Apr 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.8B97Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.9B105Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.9B98Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.1B97Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.8B90Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.7B121Oct 17, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.9B96Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.8B106May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.7B133Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.5B145Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.3B136Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.1B137May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.3B138Jan 21, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.9B109Oct 21, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.0B100Jul 26, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.5B85Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.4B78Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.2B71Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.4B67Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$943M61Apr 20, 202013F-HRchanges · EDGAR ↗
Q4 2019$971M52Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$879M14Oct 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$747M12Jul 23, 201913F-HRchanges · EDGAR ↗
Q1 2019$822M14May 6, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.