SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Rheos Capital Works Inc.

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

Reported Value
$1.7B
Q4 2022
Positions
133
Filings on Record
29
2019–present window
Filed
Feb 2, 2023
original filing

Summary

Rheos Capital Works Inc. reported $1.7B in U.S.-listed holdings across 133 positions for Q4 2022.

Its largest position, MSFT, represents 5.8% of the portfolio.

Compared with Q3 2022, the fund opened 8 new positions and exited 20.

Portfolio Metrics

Turnover
+16.7%
vs prior filed quarter
Top-10 Concentration
+28.6%
share of reported value
Largest Position
+5.8%
Microsoft
New / Exited
8 / 20
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: 96.0%Other: 2.1%REIT: 1.4%Tracking Stk: 0.3%ADR: 0.2%
  • Common Stock · 96.0% · $1.6B
  • Other · 2.1% · $35M
  • REIT · 1.4% · $24M
  • Tracking Stk · 0.3% · $5M
  • ADR · 0.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CATCaterpillar Inc.NEW+160.0K160.0K+$38M$38M
SBUXStarbucks Corp.NEW+200.0K200.0K+$20M$20M
BNBrookfield Corp.NEW+453.0K453.0K+$14M$14M
PowerSchool Holdings, Inc.NEW+257.7K257.7K+$6M$6M
JCIJohnson Controls Inc.NEW+75.0K75.0K+$5M$5M
AMDAdvanced Micro Devices Inc.NEW+71.8K71.8K+$5M$5M
PYPLPayPal Holdings Inc.NEW+57.0K57.0K+$4M$4M
Brookfield Reinsurance Ltd.NEW+3.3K3.3K+$103,000$103,000

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

Holdings — Q4 2022

133 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corp.history →COM5.75%$96M399.1K
2NEENextEra Energy Inc.history →COM3.61%$60M719.0K
3CTVACorteva, Inc.history →COM3.11%$52M880.0K
4TTEKTetra Tech Inc.history →COM2.68%$45M306.8K
5DEDeere & Co.history →COM2.65%$44M103.0K
6TJXTJX Companies, Inc.history →COM2.33%$39M487.0K
7CATCaterpillar Inc.history →COM2.30%$38M160.0K
8RACEFerrari NVhistory →COM2.18%$36M169.1K
9WDAYWorkday, Inc.history →CL A2.02%$34M200.9K
10HSYThe Hershey Co.history →COM1.99%$33M142.9K
11CDNSCadence Design Systems Inc.history →COM1.62%$27M167.6K
12ROSTRoss Stores Inc.history →COM1.55%$26M222.1K
13CARRCarrier Global Corp.history →COM1.41%$23M569.5K
14EMREmerson Electric Co.history →COM1.40%$23M242.1K
15TSNTyson Foods Inc.history →CL A1.37%$23M366.9K
16NOWServiceNow, Inc.history →COM1.33%$22M57.0K
17ROKRockwell Automation, Inc.history →COM1.22%$20M78.8K
18ORLYO'Reilly Automotive, Inc.history →COM1.21%$20M23.9K
19SBUXStarbucks Corp.history →COM1.19%$20M200.0K
20BILLBill.Com Holdings, Inc.history →COM1.19%$20M181.5K
21BJBJ's Wholesale Club Holdings Inc.history →COM1.18%$20M296.0K
22OTISOtis Worldwide Corp.history →COM1.14%$19M242.0K
23TXNTexas Instruments Inc.history →COM1.14%$19M114.3K
24IBMInternational Business Machines Corp.history →COM1.13%$19M133.8K
25GOOGAlphabet Inc.history →CL C1.12%$19M210.0K
26ASMLASML Holding N.V.history →SPONSORED ADR1.10%$18M33.5K
27AMZNAmazon.com Inc.history →COM1.10%$18M217.0K
28MSIMotorola Solutions Inc.history →COM1.04%$17M67.2K
29SCIService Corp. Internationalhistory →COM1.02%$17M245.0K
30ORCLOracle Corp.history →COM1.02%$17M207.0K
31ACNAccenture plc.history →CL A0.97%$16M60.4K
32OPCHOption Care Health Inc.history →COM0.94%$16M520.0K
33FIVEFive Below Inc.history →COM0.89%$15M83.5K
34BALLBall Corp.history →COM0.88%$15M286.8K
35Bunge Ltd.COM0.87%$14M145.0K
36AMRCAmeresco Inc.history →CL A0.86%$14M250.7K
37BNBrookfield Corp.history →COM0.86%$14M453.0K
38Discover Financial ServicesCOM0.85%$14M144.8K
39DARDarling Ingredients Inc.history →COM0.84%$14M223.0K
40AZOAutozone, Inc.history →COM0.83%$14M5.6K
41MANHManhattan Associates, Inc.history →COM0.83%$14M113.4K
42MUMicron Technology, Inc.history →COM0.82%$14M271.8K
43SITESiteOne Landscape Supply Inc.history →COM0.81%$14M115.2K
44EWEdwards Lifesciences Corp.history →COM0.81%$13M180.2K
45ROPRoper Technologies Inc.history →COM0.79%$13M30.5K
46QCOMQualcomm Inc.history →COM0.76%$13M115.4K
47GNRCGenerac Holdings Inc.history →COM0.76%$13M125.6K
48LOBLive Oak Bancshares, Inc.history →COM0.75%$12M413.0K
49SKAASkechers USA Inc.history →CL A0.74%$12M295.4K
50GSGoldman Sachs Group, Inc.history →COM0.73%$12M35.3K
51INTUIntuit Inc.history →COM0.70%$12M30.0K
52GTTHE Goodyear Tire & Rubber Co.history →COM0.65%$11M1.07M
53COFCapital One Financial Corp.history →COM0.64%$11M114.8K
54WCNWaste Connections, Inc.history →COM0.64%$11M80.0K
55BWABorgWarner, Inc.history →COM0.62%$10M258.1K
56WMWaste Management, Inc.history →COM0.62%$10M65.6K
57XYLXylem, Inc.COM0.60%$10M90.0K
58CASYCasey's General Stores, Inc.COM0.58%$10M43.3K
59URIUnited Rentals Inc.COM0.58%$10M27.1K
60DOWDow Inc.COM0.57%$9M187.7K
61AMATApplied Materials, Inc.COM0.57%$9M96.8K
62AAgilent Technologies, Inc.COM0.56%$9M62.8K
63World Wrestling Entertainment, Inc.CL A0.56%$9M136.8K
64Lam Research Corp.COM0.56%$9M22.1K
65AWKAmerican Water Works Co., Inc.COM0.55%$9M60.0K
66THOThor Industries, Inc.COM0.55%$9M120.2K
67FTNTFortinet, Inc.COM0.54%$9M183.0K
68AXPAmerican Express Co.COM0.53%$9M59.9K
69KEYSKeysight Technologies Inc.COM0.52%$9M51.0K
70DISThe Walt Disney Co.COM0.52%$9M100.0K
71OLLIOllie's Bargain Outlet Holdings Inc.COM0.51%$9M182.6K
72EXPOExponent Inc.COM0.51%$9M86.1K
73EQIXEquinix Inc.COM0.51%$9M13.0K
74GMGeneral Motors Co.COM0.50%$8M248.0K
75Wolfspeed, Inc.COM0.50%$8M120.7K
76Cooper Companies, Inc.COM0.48%$8M24.4K
77AMTAmerican Tower Corp.COM0.48%$8M37.6K
78CHHChoice Hotels International, Inc.COM0.46%$8M68.0K
79VVisa Inc.CL A0.45%$8M36.2K
80CCICrown Castle International Corp.COM0.45%$7M54.9K
81TTWOTake-Two Interactive Software, Inc.COM0.44%$7M70.7K
82HESHess Corp.COM0.44%$7M51.8K
83The Duckhorn Portfolio, Inc.COM0.44%$7M439.0K
84MUSAMurphy USA Inc.COM0.44%$7M26.0K
85HLIHoulihan Lokey, Inc.CL A0.43%$7M81.5K
86RTXRaytheon Technologies Corp.COM0.42%$7M70.0K
87TMOThermo Fisher Scientific, Inc.COM0.41%$7M12.5K
88YETIYeti Holdings Inc.COM0.40%$7M162.9K
89WHWyndham Hotels & Resorts, Inc.COM0.40%$7M94.0K
90GPNGlobal Payments Inc.COM0.40%$7M66.8K
91LDOSLeidos Holdings, Inc.COM0.39%$7M62.3K
92EOGEOG Resources, Inc.COM0.39%$6M50.0K
93AKAMAkamai Technologies Inc.COM0.37%$6M73.8K
94PowerSchool Holdings, Inc.CL A0.36%$6M257.7K
95LHXL3Harris Technologies, Inc.COM0.36%$6M28.5K
96SSentinelOne, Inc.CL A0.35%$6M399.3K
97DOCSDoximity, Inc.CL A0.35%$6M172.8K
98SMPLSimply Good Foods Corp.COM0.34%$6M149.0K
99INTCIntel Corp.COM0.33%$5M206.6K
100GTLSChart Industries, Inc.COM0.32%$5M46.5K

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 ↗.