SEC 13F Intelligence

Managers / Q3 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
$1.7B
Q3 2023
Positions
121
Filings on Record
29
2019–present window
Filed
Oct 17, 2023
original filing

Summary

Rheos Capital Works Inc. reported $1.7B in U.S.-listed holdings across 121 positions for Q3 2023.

Its largest position, MSFT, represents 5.5% of the portfolio.

Compared with Q2 2023, the fund opened 29 new positions and exited 4.

Portfolio Metrics

Turnover
+15.8%
vs prior filed quarter
Top-10 Concentration
+28.5%
share of reported value
Largest Position
+5.5%
Microsoft
New / Exited
29 / 4
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: 94.4%REIT: 2.2%Other: 1.8%ADR: 1.7%
  • Common Stock · 94.4% · $1.6B
  • REIT · 2.2% · $36M
  • Other · 1.8% · $29M
  • ADR · 1.7% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DELLDell Technologies Inc.NEW+505.0K505.0K+$35M$35M
NVDANVIDIA Corp.NEW+41.8K41.8K+$18M$18M
CEGConstellation Energy Corp.NEW+88.0K88.0K+$10M$10M
AVGOBroadcom Inc.NEW+11.3K11.3K+$9M$9M
CCICrown Castle International Corp.NEW+97.0K97.0K+$9M$9M
EQIXEquinix Inc.NEW+12.2K12.2K+$9M$9M
AMTAmerican Tower Corp.NEW+53.0K53.0K+$9M$9M
JOBYJoby Aviation, IncNEW+965.0K965.0K+$6M$6M

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

Holdings — Q3 2023

121 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corp.history →COM5.48%$91M288.4K
2RACEFerrari NVhistory →COM4.06%$67M228.2K
3CTVACorteva, Inc.history →COM2.71%$45M880.0K
4CATCaterpillar Inc.history →COM2.63%$44M160.0K
5NEENextEra Energy Inc.history →COM2.48%$41M719.0K
6INTUIntuit Inc.history →COM2.42%$40M78.8K
7PANWPalo Alto Networks, Inc.history →COM2.23%$37M158.0K
8AMZNAmazon.com Inc.history →COM2.17%$36M284.1K
9INTCIntel Corp.history →COM2.14%$36M998.6K
10ORCLOracle Corp.history →COM2.12%$35M333.0K
11DELLDell Technologies Inc.history →CL C2.09%$35M505.0K
12ISRGIntuitive Surgical Inc.history →COM1.97%$33M112.0K
13EMREmerson Electric Co.history →COM1.96%$33M337.1K
14MSIMotorola Solutions Inc.history →COM1.84%$31M112.5K
15HSYThe Hershey Co.history →COM1.84%$31M152.9K
16NFLXNetflix Inc.history →COM1.84%$31M81.0K
17ACNAccenture plc.history →CL A1.82%$30M98.5K
18TTEKTetra Tech Inc.history →COM1.77%$29M192.9K
19MBLYMobileye Global Inc.history →CL A1.63%$27M650.0K
20PowerSchool Holdings, Inc.CL A1.37%$23M1.01M
21TSLATesla Inc.history →COM1.33%$22M88.6K
22ORLYO'Reilly Automotive, Inc.history →COM1.31%$22M23.9K
23BILLBill.Com Holdings, Inc.history →COM1.30%$22M198.5K
24TSMTaiwan Semiconductor Manufacturing Co., Ltd.history →SPONSORED ADR1.22%$20M232.6K
25MUMicron Technology, Inc.history →COM1.17%$19M286.5K
26SSentinelOne, Inc.history →CL A1.16%$19M1.14M
27GFSGLOBALFOUNDRIes Inc.history →COM1.14%$19M326.0K
28AMATApplied Materials, Inc.history →COM1.12%$19M134.3K
29AMDAdvanced Micro Devices Inc.history →COM1.12%$19M180.7K
30TXNTexas Instruments Inc.history →COM1.10%$18M114.4K
31NVDANVIDIA Corp.history →COM1.09%$18M41.8K
32AAPLApple Inc.history →COM1.09%$18M106.2K
33EWEdwards Lifesciences Corp.history →COM1.08%$18M258.2K
34QCOMQualcomm Inc.history →COM1.06%$18M157.9K
35MANHManhattan Associates, Inc.history →COM1.05%$18M88.6K
36ASMLASML Holding N.V.history →SPONSORED ADR1.01%$17M28.4K
37NOWServiceNow, Inc.history →COM1.00%$17M29.7K
38Wolfspeed, Inc.COM0.91%$15M397.5K
39ROPRoper Technologies Inc.history →COM0.89%$15M30.5K
40WMBThe Williams Companies, Inc.history →COM0.84%$14M415.0K
41DARDarling Ingredients Inc.history →COM0.79%$13M250.0K
42EOGEOG Resources, Inc.history →COM0.76%$13M100.0K
43INSPInspire Medical Systems, Inc.history →COM0.75%$13M63.1K
44Arista Networks Inc.COM0.75%$12M67.5K
45KNSLKinsale Capital Group, Inc.history →COM0.73%$12M29.4K
46MKLMarkel Corp.history →COM0.66%$11M7.5K
47CMECME Group Inc.history →CL A0.66%$11M55.0K
48AMRCAmeresco Inc.history →CL A0.64%$11M275.7K
49CSCOCisco Systems, Inc.history →COM0.64%$11M196.3K
50OPCHOption Care Health Inc.history →COM0.63%$11M325.6K
51BWABorgWarner, Inc.history →COM0.63%$10M258.1K
52OKTAOkta Inc.history →CL A0.61%$10M125.0K
53MDBMongo DB, Inc.history →COM0.61%$10M29.3K
54CDNSCadence Design Systems Inc.COM0.59%$10M41.9K
55LSCCLattice Semiconductor Corp.COM0.58%$10M112.1K
56CEGConstellation Energy Corp.COM0.58%$10M88.0K
57AVGOBroadcom Inc.COM0.57%$9M11.3K
58DISThe Walt Disney Co.COM0.56%$9M114.5K
59LWLamb Weston Holdings Inc.COM0.56%$9M100.0K
60TERTeradyne, Inc.COM0.55%$9M90.8K
61WDAYWorkday, Inc.CL A0.54%$9M41.8K
62CCICrown Castle International Corp.COM0.54%$9M97.0K
63EQIXEquinix Inc.COM0.53%$9M12.2K
64AMTAmerican Tower Corp.COM0.52%$9M53.0K
65MCHPMicrochip Technology Inc.COM0.52%$9M110.0K
66XYLXylem, Inc.COM0.51%$9M93.9K
67VVisa Inc.CL A0.50%$8M36.2K
68LDOSLeidos Holdings, Inc.COM0.50%$8M90.3K
69SCIService Corp. InternationalCOM0.50%$8M145.0K
70EXPOExponent Inc.COM0.44%$7M86.1K
71TTWOTake-Two Interactive Software, Inc.COM0.42%$7M49.7K
72LHXL3Harris Technologies, Inc.COM0.40%$7M38.4K
73LMTLockheed Martin Corp.COM0.40%$7M16.1K
74TMOThermo Fisher Scientific, Inc.COM0.38%$6M12.5K
75GNRCGenerac Holdings Inc.COM0.38%$6M57.3K
76JOBYJoby Aviation, IncCOM0.37%$6M965.0K
77AAgilent Technologies, Inc.COM0.37%$6M55.3K
78GTLSChart Industries, Inc.COM0.37%$6M36.5K
79ETNEaton Corp plcCOM0.36%$6M28.0K
80ROKRockwell Automation, Inc.COM0.34%$6M20.0K
81RTXRaytheon Technologies Corp.COM0.33%$5M75.4K
82SPOTSpotify Technology S.A.COM0.33%$5M35.0K
83KEYKeyCorpCOM0.32%$5M500.0K
84VEEVVeeva Systems Inc.CL A0.32%$5M26.0K
85BTUPeabody Energy Corp.COM0.31%$5M200.0K
86OLLIOllie's Bargain Outlet Holdings Inc.COM0.31%$5M66.0K
87UBERUber Technologies Inc.COM0.30%$5M110.0K
88URIUnited Rentals Inc.COM0.30%$5M11.2K
89ARMARM Holdings PLCCOM0.29%$5M90.0K
90METAMeta Platforms, Inc.CL A0.29%$5M16.0K
91SLGSL Green Realty Corp.COM0.29%$5M127.0K
92VNOVornado Realty TrustCOM0.28%$5M205.0K
93KMIKinder Morgan, Inc. of DelawareCOM0.28%$5M280.0K
94ROSTRoss Stores Inc.COM0.28%$5M41.0K
95AXPAmerican Express Co.COM0.28%$5M31.0K
96SNOWSnowflake Inc.CL A0.28%$5M30.0K
97Splunk Inc.COM0.27%$5M31.0K
98TJXTJX Companies, Inc.COM0.27%$5M51.0K
99COSTCostco Wholesale Corp.COM0.27%$5M8.0K
100KEYSKeysight Technologies Inc.COM0.27%$4M34.0K

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 ↗.