SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Rheos Capital Works Inc.

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

Reported Value
$1.8B
Q1 2023
Positions
106
Filings on Record
29
2019–present window
Filed
May 3, 2023
original filing

Summary

Rheos Capital Works Inc. reported $1.8B in U.S.-listed holdings across 106 positions for Q1 2023.

Its largest position, MSFT, represents 3.2% of the portfolio.

Compared with Q4 2022, the fund opened 19 new positions and exited 46.

Portfolio Metrics

Turnover
+35.2%
vs prior filed quarter
Top-10 Concentration
+28.4%
share of reported value
Largest Position
+3.2%
Microsoft
New / Exited
19 / 46
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: 92.9%ADR: 3.5%Other: 3.3%Tracking Stk: 0.3%
  • Common Stock · 92.9% · $1.7B
  • ADR · 3.5% · $63M
  • Other · 3.3% · $59M
  • Tracking Stk · 0.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MBLYMobileye Global Inc.NEW+650.0K650.0K+$28M$28M
CRMSALESFORCE COM INCNEW+112.6K112.6K+$22M$22M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+235.0K235.0K+$22M$22M
OKTAOKTA INCNEW+250.0K250.0K+$22M$22M
BABAALIBABA GROUP HLDG LTDNEW+184.0K184.0K+$19M$19M
PDDPINDUODUO INCNEW+243.0K243.0K+$18M$18M
DECKDECKERS OUTDOOR CORPNEW+36.0K36.0K+$16M$16M
PIONEER NAT RES CONEW+79.0K79.0K+$16M$16M

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

Holdings — Q1 2023

106 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.22%$58M200.9K
2MSIMOTOROLA SOLUTIONS INChistory →COM3.17%$57M199.0K
3NEENEXTERA ENERGY INChistory →COM3.08%$55M719.0K
4CTVACORTEVA INChistory →COM2.95%$53M880.0K
5RACEFERRARI N Vhistory →COM2.93%$53M194.6K
6TTEKTETRA TECH INC NEWhistory →COM2.91%$52M356.3K
7PANWPALO ALTO NETWORKS INChistory →COM2.73%$49M245.7K
8INTUINTUIThistory →COM2.62%$47M105.6K
9ORCLORACLE CORPhistory →COM2.44%$44M472.0K
10ACNACCENTURE PLC IRELANDhistory →CL A2.30%$41M144.4K
11CATCATERPILLAR INChistory →COM2.04%$37M160.0K
12SSENTINELONE INChistory →CL A1.98%$36M2.18M
13TSNTYSON FOODS INChistory →CL A1.90%$34M576.9K
14WOLFSPEED INCCOM1.87%$34M517.3K
15HSYHERSHEY COhistory →COM1.78%$32M125.9K
16AMZNAMAZON COM INChistory →COM1.70%$31M296.0K
17CDNSCADENCE DESIGN SYSTEM INChistory →COM1.64%$29M140.1K
18MBLYMobileye Global Inc.history →CL A1.56%$28M650.0K
19TSLATESLA INChistory →COM1.56%$28M135.5K
20BUNGE LIMITEDCOM1.55%$28M292.0K
21TXNTEXAS INSTRS INChistory →COM1.52%$27M147.3K
22EOGEOG RES INChistory →COM1.48%$27M232.0K
23NOWSERVICENOW INChistory →COM1.47%$26M57.0K
24WORLD WRESTLING ENTMT INCCL A1.40%$25M276.5K
25ASMLASML HOLDING N Vhistory →SPONSORED ADR1.27%$23M33.5K
26CRMSALESFORCE COM INChistory →COM1.25%$22M112.6K
27TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADR1.22%$22M235.0K
28OKTAOKTA INChistory →CL A1.20%$22M250.0K
29BILLBILL COM HLDGS INChistory →COM1.18%$21M261.5K
30EMREMERSON ELEC COhistory →COM1.17%$21M242.1K
31YETIYETI HLDGS INChistory →COM1.17%$21M525.9K
32CHHCHOICE HOTELS INTL INChistory →COM1.16%$21M178.0K
33ORLYOREILLY AUTOMOTIVE INChistory →COM1.13%$20M23.9K
34AMATAPPLIED MATLS INChistory →COM1.12%$20M163.9K
35POWERSCHOOL HOLDINGS INCCL A1.11%$20M1.01M
36GOOGALPHABET INChistory →CL C1.07%$19M184.8K
37XYLXYLEM INChistory →COM1.05%$19M181.0K
38BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADR1.05%$19M184.0K
39PDDPINDUODUO INChistory →SPONSORED ADR1.03%$18M243.0K
40MANHMANHATTAN ASSOCIATES INChistory →COM0.98%$18M113.4K
41SCISERVICE CORP INTLhistory →COM0.94%$17M245.0K
42DECKDECKERS OUTDOOR CORPhistory →COM0.90%$16M36.0K
43PIONEER NAT RES COCOM0.90%$16M79.0K
44CARRCARRIER GLOBAL CORPORATIONhistory →COM0.88%$16M345.5K
45OLLIOLLIES BARGAIN OUTLET HLDGShistory →COM0.85%$15M262.6K
46CASYCASEYS GEN STORES INChistory →COM0.82%$15M68.3K
47QCOMQUALCOMM INChistory →COM0.82%$15M115.4K
48DARDARLING INGREDIENTS INChistory →COM0.81%$15M250.0K
49GNRCGENERAC HLDGS INChistory →COM0.75%$14M125.6K
50ROPROPER TECHNOLOGIES INChistory →COM0.75%$13M30.5K
51WHWYNDHAM HOTELS & RESORTS INChistory →COM0.73%$13M194.0K
52EWEDWARDS LIFESCIENCES CORPhistory →COM0.73%$13M158.2K
53BWABORGWARNER INChistory →COM0.71%$13M258.1K
54WDAYWORKDAY INChistory →CL A0.70%$13M60.9K
55AMRCAMERESCO INChistory →CL A0.69%$12M250.7K
56NVDANVIDIA CORPORATIONhistory →COM0.67%$12M43.1K
57GTGOODYEAR TIRE & RUBR COhistory →COM0.65%$12M1.07M
58METAMETA PLATFORMS INChistory →CL A0.62%$11M52.8K
59COFCAPITAL ONE FINL CORPhistory →COM0.61%$11M114.8K
60KNSLKINSALE CAP GROUP INChistory →COM0.61%$11M36.7K
61GFSGLOBALFOUNDRIES INChistory →COM0.61%$11M152.0K
62DENBURY INCCOM0.61%$11M125.0K
63OPCHOPTION CARE HEALTH INChistory →COM0.58%$10M325.6K
64INTCINTEL CORPhistory →COM0.57%$10M313.6K
65LOBLIVE OAK BANCSHARES INChistory →COM0.56%$10M413.0K
66DISDISNEY WALT COhistory →COM0.56%$10M100.0K
67MKLMARKEL CORPCOM0.53%$10M7.5K
68THOTHOR INDS INCCOM0.53%$10M120.2K
69ALGTALLEGIANT TRAVEL COCOM0.51%$9M99.7K
70COOPER COS INCCOM0.51%$9M24.4K
71ARISTA NETWORKS INCCOM0.49%$9M52.5K
72EXPOEXPONENT INCCOM0.48%$9M86.1K
73KEYSKEYSIGHT TECHNOLOGIES INCCOM0.46%$8M51.0K
74VVISA INCCL A0.45%$8M36.2K
75AAGILENT TECHNOLOGIES INCCOM0.43%$8M55.3K
76TTWOTAKE-TWO INTERACTIVE SOFTWARCOM0.41%$7M62.2K
77TMOTHERMO FISHER SCIENTIFIC INCCOM0.40%$7M12.5K
78DUCKHORN PORTFOLIO INCCOM0.39%$7M439.0K
79AMDADVANCED MICRO DEVICES INCCOM0.34%$6M63.2K
80SMPLSIMPLY GOOD FOODS COCOM0.33%$6M149.0K
81VEEVVEEVA SYS INCCL A0.33%$6M31.9K
82GTLSCHART INDS INCCOM0.32%$6M46.5K
83LIBERTY MEDIA CORP DELCL A0.32%$6M85.6K
84DOCSDOXIMITY INCCL A0.31%$6M172.8K
85FIXCOMFORT SYS USA INCCOM0.29%$5M35.2K
86MUMICRON TECHNOLOGY INCCOM0.28%$5M84.0K
87PGNYPROGYNY INCCOM0.28%$5M156.0K
88URIUNITED RENTALS INCCOM0.25%$4M11.2K
89PYPLPAYPAL HLDGS INCCOM0.24%$4M57.0K
90BLBLACKLINE INCCOM0.22%$4M60.0K
91MCHPMICROCHIP TECHNOLOGY INC.COM0.22%$4M48.0K
92CSCOCISCO SYS INCCOM0.22%$4M74.8K
93BRF SASPONSORED ADR0.20%$4M2.86M
94ENOVEnovis Corp.COM0.17%$3M57.7K
95DOCUDOCUSIGN INCCOM0.17%$3M51.2K
96SMRNuScale Power Corp.CL A0.16%$3M320.0K
97AMNAMN HEALTHCARE SVCS INCCOM0.16%$3M34.0K
98ESABESAB Corp.COM0.15%$3M46.7K
99XYZBLOCK INCCL A0.13%$2M33.3K
100ARCO PLATFORM LTDCL A0.12%$2M202.7K

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 ↗.