SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Rheos Capital Works Inc.

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

Reported Value
$2.3B
Q4 2021
Positions
138
Filings on Record
29
2019–present window
Filed
Jan 21, 2022
original filing

Summary

Rheos Capital Works Inc. reported $2.3B in U.S.-listed holdings across 138 positions for Q4 2021.

Its largest position, MSFT, represents 5.4% of the portfolio.

Compared with Q3 2021, the fund opened 35 new positions and exited 6.

Portfolio Metrics

Turnover
+11.4%
vs prior filed quarter
Top-10 Concentration
+26.8%
share of reported value
Largest Position
+5.4%
Microsoft
New / Exited
35 / 6
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: 94.5%REIT: 3.1%Other: 2.2%ADR: 0.3%
  • Common Stock · 94.5% · $2.2B
  • REIT · 3.1% · $70M
  • Other · 2.2% · $50M
  • ADR · 0.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSLATesla Inc.NEW+40.7K40.7K+$43M$43M
WDAYWorkday, Inc.NEW+74.0K74.0K+$20M$20M
VMware Inc.NEW+150.0K150.0K+$17M$17M
RACEFerrari NVNEW+66.6K66.6K+$17M$17M
METAMeta Platforms, Inc.NEW+30.0K30.0K+$10M$10M
CYRXCryoPort, Inc.NEW+155.0K155.0K+$9M$9M
HLIHoulihan Lokey, Inc.NEW+81.5K81.5K+$8M$8M
QRVOQorvo Inc.NEW+50.0K50.0K+$8M$8M

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

Holdings — Q4 2021

138 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corp.history →COM5.44%$125M370.4K
2CRMSalesforce.Com Inc.history →COM3.70%$85M333.8K
3ACNAccenture plc.history →CL A3.45%$79M190.4K
4QCOMQualcomm Inc.history →COM3.08%$70M385.4K
5EOGEOG Resources, Inc.history →COM2.74%$63M706.5K
6AMTAmerican Tower Corp.history →COM2.08%$48M162.6K
7TSLATesla Inc.history →COM1.88%$43M40.7K
8GOOGAlphabet Inc.history →CL C1.52%$35M12.0K
9VVisa Inc.history →CL A1.49%$34M157.2K
10VEEVVeeva Systems Inc.history →CL A1.45%$33M130.4K
11TTWOTake-Two Interactive Software, Inc.history →COM1.40%$32M180.7K
12CDNSCadence Design Systems Inc.history →COM1.37%$31M168.6K
13AMDAdvanced Micro Devices Inc.history →COM1.35%$31M215.6K
14FIVEFive Below Inc.history →COM1.32%$30M146.5K
15TSNTyson Foods Inc.history →CL A1.30%$30M340.9K
16Brookfield Asset Management Inc.CL A1.26%$29M478.0K
17WPMWheaton Precious Metals Corp.history →COM1.25%$29M664.6K
18TTEKTetra Tech Inc.history →COM1.24%$29M167.9K
19SITESiteOne Landscape Supply Inc.history →COM1.22%$28M115.2K
20TJXTJX Companies, Inc.history →COM1.21%$28M365.0K
21COINCoinbase Global Inc.history →CL A1.20%$28M109.0K
22ASMLASML Holding N.V.history →COM1.16%$27M33.5K
23LOBLive Oak Bancshares, Inc.history →COM1.16%$27M305.0K
24SPOTSpotify Technology S.A.history →COM1.14%$26M111.8K
25TXNTexas Instruments Inc.history →COM1.12%$26M136.0K
26AMATApplied Materials, Inc.history →COM1.11%$25M162.0K
27ROSTRoss Stores Inc.history →COM1.11%$25M222.1K
28BALLBall Corp.history →COM1.09%$25M260.1K
29FRCBFirst Republic Bankhistory →COM1.06%$24M117.5K
30EWEdwards Lifesciences Corp.history →COM1.02%$23M180.2K
31BJBJ's Wholesale Club Holdings Inc.history →COM1.01%$23M347.0K
32AXPAmerican Express Co.history →COM0.98%$22M137.2K
33SGRYSurgery Partners Inc.history →COM0.97%$22M414.0K
34COFCapital One Financial Corp.history →COM0.95%$22M149.8K
35SKAASkechers USA Inc.history →CL A0.94%$22M495.4K
36Discover Financial ServicesCOM0.92%$21M182.8K
37OTISOtis Worldwide Corp.history →COM0.92%$21M242.0K
38INTCIntel Corp.history →COM0.91%$21M406.6K
39GNRCGenerac Holdings Inc.history →COM0.91%$21M59.4K
40WDAYWorkday, Inc.history →CL A0.88%$20M74.0K
41AMZNAmazon.com Inc.history →COM0.80%$18M5.5K
42MSIMotorola Solutions Inc.history →COM0.80%$18M67.2K
43GTTHE Goodyear Tire & Rubber Co.history →COM0.79%$18M848.2K
44DISThe Walt Disney Co.history →COM0.79%$18M116.4K
45CARRCarrier Global Corp.history →COM0.76%$17M321.2K
46SCIService Corp. Internationalhistory →COM0.76%$17M245.0K
47VMware Inc.CL A0.76%$17M150.0K
48RACEFerrari NVhistory →COM0.75%$17M66.6K
49VRTVertiv Holdings Co.history →COM0.75%$17M690.0K
50LWLamb Weston Holdings Inc.history →COM0.75%$17M271.0K
51GPNGlobal Payments Inc.history →COM0.75%$17M126.8K
52AKAMAkamai Technologies Inc.history →COM0.73%$17M143.8K
53Lam Research Corp.COM0.73%$17M23.2K
54YETIYeti Holdings Inc.history →COM0.72%$16M197.9K
55WMWaste Management, Inc.history →COM0.71%$16M97.5K
56ZMZoom Video Communications Inc.history →CL A0.69%$16M86.4K
57HHyatt Hotels Corp.history →CL A0.69%$16M164.0K
58GWWW.W. Grainger, Inc.history →COM0.67%$15M29.6K
59ROPRoper Technologies Inc.history →COM0.65%$15M30.5K
60ALLYAlly Financial Inc.history →COM0.65%$15M314.0K
61Arista Networks Inc.COM0.64%$15M102.4K
62OPCHOption Care Health Inc.history →COM0.63%$14M509.0K
63MUMicron Technology, Inc.history →COM0.61%$14M151.0K
64GSGoldman Sachs Group, Inc.history →COM0.59%$14M35.3K
65HSYThe Hershey Co.history →COM0.55%$13M65.0K
66DALDelta Air Lines, Inc.history →COM0.54%$12M318.0K
67PYPLPayPal Holdings Inc.history →COM0.51%$12M62.5K
68CCICrown Castle International Corp.history →COM0.50%$11M54.9K
69NEENextEra Energy Inc.history →COM0.48%$11M119.0K
70EYENational Vision Holdings Inc.history →COM0.48%$11M231.4K
71EQIXEquinix Inc.history →COM0.48%$11M13.0K
72UPWKUpwork Inc.history →COM0.48%$11M319.4K
73XYLXylem, Inc.history →COM0.47%$11M90.0K
74Oak Street Health Inc.COM0.47%$11M325.6K
75AMRCAmeresco Inc.history →CL A0.47%$11M132.0K
76DOWDow Inc.history →COM0.46%$11M187.7K
77KEYSKeysight Technologies Inc.history →COM0.46%$11M51.0K
78Cooper Companies, Inc.COM0.45%$10M24.4K
79METAMeta Platforms, Inc.history →CL A0.44%$10M30.0K
80EXPOExponent Inc.history →COM0.44%$10M86.1K
81AAgilent Technologies, Inc.history →COM0.44%$10M62.8K
82EMREmerson Electric Co.history →COM0.44%$10M107.8K
83MTZMasTec Inc.COM0.40%$9M100.0K
84CYRXCryoPort, Inc.COM0.40%$9M155.0K
85URIUnited Rentals Inc.COM0.39%$9M27.1K
86NFLXNetflix Inc.COM0.37%$9M14.2K
87HLIHoulihan Lokey, Inc.CL A0.37%$8M81.5K
88BKNGBooking Holdings Inc.COM0.37%$8M3.5K
89CRWDCrowdStrike Holdings Inc.CL A0.37%$8M41.0K
90PGNYProgyny Inc.COM0.34%$8M156.0K
91QRVOQorvo Inc.COM0.34%$8M50.0K
92HQYHealthEquity, Inc.COM0.33%$8M171.0K
93BILLBill.Com Holdings, Inc.COM0.33%$7M30.0K
94DOCSDoximity, Inc.CL A0.32%$7M146.9K
95DANDana Inc.COM0.32%$7M318.5K
96Beauty Health Co/TheCOM0.32%$7M300.0K
97World Wrestling Entertainment, Inc.CL A0.32%$7M146.8K
98SSentinelOne, Inc.CL A0.31%$7M139.0K
99MELIMercadoLibre Inc.COM0.31%$7M5.2K
100DEDeere & Co.COM0.30%$7M20.0K

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 ↗.