SEC 13F Intelligence

Managers / Q2 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
$1.9B
Q2 2023
Positions
96
Filings on Record
29
2019–present window
Filed
Aug 2, 2023
original filing

Summary

Rheos Capital Works Inc. reported $1.9B in U.S.-listed holdings across 96 positions for Q2 2023.

Its largest position, MSFT, represents 5.6% of the portfolio.

Compared with Q1 2023, the fund opened 13 new positions and exited 23.

Portfolio Metrics

Turnover
+23.9%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+5.6%
Microsoft
New / Exited
13 / 23
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: 96.2%ADR: 2.0%Other: 1.8%
  • Common Stock · 96.2% · $1.8B
  • ADR · 2.0% · $37M
  • Other · 1.8% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISRGINTUITIVE SURGICAL INCNEW+120.0K120.0K+$41M$41M
NFLXNETFLIX INCNEW+81.0K81.0K+$36M$36M
AAPLAPPLE INCNEW+171.2K171.2K+$33M$33M
MDBMONGODB INCNEW+45.6K45.6K+$19M$19M
LSCCLATTICE SEMICONDUCTOR CORPNEW+120.0K120.0K+$12M$12M
LWLAMB WESTON HLDGS INCNEW+100.0K100.0K+$11M$11M
WMBWILLIAMS COS INCNEW+350.0K350.0K+$11M$11M
TERTERADYNE INCNEW+100.0K100.0K+$11M$11M

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

Holdings — Q2 2023

96 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.56%$103M303.4K
2RACEFERRARI N Vhistory →COM3.99%$74M228.2K
3PANWPALO ALTO NETWORKS INChistory →COM3.86%$72M280.6K
4ORCLORACLE CORPhistory →COM3.02%$56M472.0K
5AMZNAMAZON COM INChistory →COM2.94%$55M419.1K
6NEENEXTERA ENERGY INChistory →COM2.87%$53M719.0K
7CTVACORTEVA INChistory →COM2.71%$50M880.0K
8INTUINTUIThistory →COM2.60%$48M105.6K
9ACNACCENTURE PLC IRELANDhistory →CL A2.40%$45M144.4K
10MSIMOTOROLA SOLUTIONS INChistory →COM2.37%$44M150.0K
11TTEKTETRA TECH INC NEWhistory →COM2.33%$43M264.3K
12ISRGINTUITIVE SURGICAL INChistory →COM2.21%$41M120.0K
13CATCATERPILLAR INChistory →COM2.12%$39M160.0K
14NOWSERVICENOW INChistory →COM1.99%$37M66.0K
15CDNSCADENCE DESIGN SYSTEM INChistory →COM1.98%$37M156.9K
16NFLXNETFLIX INChistory →COM1.92%$36M81.0K
17AAPLAPPLE INChistory →COM1.79%$33M171.2K
18SSENTINELONE INChistory →CL A1.77%$33M2.18M
19TSLATESLA INChistory →COM1.74%$32M123.6K
20HSYHERSHEY COhistory →COM1.69%$31M125.9K
21BILLBILL COM HLDGS INChistory →COM1.64%$31M261.5K
22TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADR1.60%$30M295.0K
23WOLFSPEED INCCOM1.55%$29M517.3K
24TXNTEXAS INSTRS INChistory →COM1.43%$27M147.3K
25DECKDECKERS OUTDOOR CORPhistory →COM1.36%$25M48.0K
26MBLYMobileye Global Inc.history →CL A1.34%$25M650.0K
27ASMLASML HOLDING N Vhistory →SPONSORED ADR1.31%$24M33.5K
28AMATAPPLIED MATLS INChistory →COM1.27%$24M163.9K
29ORLYOREILLY AUTOMOTIVE INChistory →COM1.23%$23M23.9K
30MANHMANHATTAN ASSOCIATES INChistory →COM1.22%$23M113.4K
31EMREMERSON ELEC COhistory →COM1.18%$22M242.1K
32POWERSCHOOL HOLDINGS INCCL A1.14%$21M1.11M
33MUMICRON TECHNOLOGY INChistory →COM1.13%$21M334.0K
34INTCINTEL CORPhistory →COM1.10%$21M613.6K
35MDBMONGODB INChistory →COM1.01%$19M45.6K
36GNRCGENERAC HLDGS INChistory →COM1.01%$19M125.6K
37AMDADVANCED MICRO DEVICES INChistory →COM1.00%$19M163.2K
38OKTAOKTA INChistory →CL A0.93%$17M250.0K
39DARDARLING INGREDIENTS INChistory →COM0.86%$16M250.0K
40SCISERVICE CORP INTLhistory →COM0.85%$16M245.0K
41EWEDWARDS LIFESCIENCES CORPhistory →COM0.80%$15M158.2K
42ROPROPER TECHNOLOGIES INChistory →COM0.79%$15M30.5K
43WDAYWORKDAY INChistory →CL A0.74%$14M60.9K
44QCOMQUALCOMM INChistory →COM0.74%$14M115.4K
45KNSLKINSALE CAP GROUP INChistory →COM0.74%$14M36.7K
46BWABORGWARNER INChistory →COM0.68%$13M258.1K
47GFSGLOBALFOUNDRIES INChistory →COM0.67%$12M192.0K
48AMRCAMERESCO INChistory →CL A0.66%$12M250.7K
49LSCCLATTICE SEMICONDUCTOR CORPhistory →COM0.62%$12M120.0K
50LWLAMB WESTON HLDGS INChistory →COM0.62%$11M100.0K
51EOGEOG RES INChistory →COM0.62%$11M100.0K
52WMBWILLIAMS COS INChistory →COM0.61%$11M350.0K
53TERTERADYNE INChistory →COM0.60%$11M100.0K
54CASYCASEYS GEN STORES INChistory →COM0.59%$11M45.2K
55OPCHOPTION CARE HEALTH INChistory →COM0.57%$11M325.6K
56XYLXYLEM INChistory →COM0.57%$11M93.9K
57MKLMARKEL CORPhistory →COM0.56%$10M7.5K
58CMECME GROUP INChistory →CL A0.55%$10M55.0K
59PPCPILGRIMS PRIDE CORPCOM0.54%$10M463.5K
60OLLIOLLIES BARGAIN OUTLET HLDGSCOM0.52%$10M165.5K
61COOPER COS INCCOM0.50%$9M24.4K
62TTWOTAKE-TWO INTERACTIVE SOFTWARCOM0.49%$9M62.2K
63DISDISNEY WALT COCOM0.48%$9M100.0K
64VVISA INCCL A0.46%$9M36.2K
65KEYSKEYSIGHT TECHNOLOGIES INCCOM0.46%$9M51.0K
66ARISTA NETWORKS INCCOM0.46%$9M52.5K
67DGDOLLAR GEN CORP NEWCOM0.46%$8M50.0K
68EXPOEXPONENT INCCOM0.43%$8M86.1K
69LDOSLEIDOS HOLDINGS INCCOM0.43%$8M90.3K
70ALGTALLEGIANT TRAVEL COCOM0.41%$8M59.7K
71LHXL3HARRIS TECHNOLOGIES INCCOM0.40%$8M38.4K
72GTLSCHART INDS INCCOM0.40%$7M46.5K
73LMTLOCKHEED MARTIN CORPCOM0.40%$7M16.1K
74RTXRAYTHEON TECHNOLOGIES CORPCOM0.40%$7M75.4K
75BRF SASPONSORED ADR0.39%$7M3.86M
76AAGILENT TECHNOLOGIES INCCOM0.36%$7M55.3K
77TMOTHERMO FISHER SCIENTIFIC INCCOM0.35%$7M12.5K
78INSPINSPIRE MED SYS INCCOM0.35%$6M20.0K
79VEEVVEEVA SYS INCCL A0.34%$6M31.9K
80PGNYPROGYNY INCCOM0.33%$6M156.0K
81DOCSDOXIMITY INCCL A0.32%$6M172.8K
82SMPLSIMPLY GOOD FOODS COCOM0.29%$5M149.0K
83URIUNITED RENTALS INCCOM0.27%$5M11.2K
84MCHPMICROCHIP TECHNOLOGY INC.COM0.23%$4M48.0K
85CSCOCISCO SYS INCCOM0.21%$4M74.8K
86PYPLPAYPAL HLDGS INCCOM0.20%$4M57.0K
87AMNAMN HEALTHCARE SVCS INCCOM0.20%$4M34.0K
88ENOVEnovis Corp.COM0.20%$4M57.7K
89BLBLACKLINE INCCOM0.17%$3M60.0K
90ESABESAB Corp.COM0.17%$3M46.7K
91DOCUDOCUSIGN INCCOM0.14%$3M51.2K
92ARCO PLATFORM LTDCL A0.13%$2M202.7K
93XYZBLOCK INCCL A0.12%$2M33.3K
94SMRNuScale Power Corp.CL A0.12%$2M320.0K
95PCORPROCORE TECHNOLOGIES INCCOM0.10%$2M30.0K
96ALKTALKAMI TECHNOLOGY INCCOM0.06%$1M62.5K

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 ↗.