SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Rheos Capital Works Inc.

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

Reported Value
$2.1B
Q1 2024
Positions
97
Filings on Record
29
2019–present window
Filed
Apr 11, 2024
original filing

Summary

Rheos Capital Works Inc. reported $2.1B in U.S.-listed holdings across 97 positions for Q1 2024.

Its largest position, MSFT, represents 8.0% of the portfolio.

Compared with Q4 2023, the fund opened 16 new positions and exited 9.

Portfolio Metrics

Turnover
+17.8%
vs prior filed quarter
Top-10 Concentration
+39.5%
share of reported value
Largest Position
+8.0%
Microsoft
New / Exited
16 / 9
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: 93.7%REIT: 3.6%ADR: 2.4%Other: 0.3%
  • Common Stock · 93.7% · $2.0B
  • REIT · 3.6% · $75M
  • ADR · 2.4% · $50M
  • Other · 0.3% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MDGLMadrigal Pharmaceuticals, Inc.NEW+110.2K110.2K+$29M$29M
CROXCrocs, Inc.NEW+158.0K158.0K+$23M$23M
NEENextEra Energy Inc.NEW+335.0K335.0K+$21M$21M
CASYCasey's General Stores, Inc.NEW+49.0K49.0K+$16M$16M
PCORProcore Technologies, Inc.NEW+150.0K150.0K+$12M$12M
ADBEAdobe Inc.NEW+22.5K22.5K+$11M$11M
KRUSKura Sushi USA, Inc.NEW+95.0K95.0K+$11M$11M
ONONOn Holding AGNEW+300.0K300.0K+$11M$11M

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

Holdings — Q1 2024

97 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corp.history →COM8.01%$167M397.8K
2NVDANVIDIA Corp.history →COM6.94%$145M160.5K
3QCOMQualcomm Inc.history →COM4.56%$95M562.4K
4LLYEli Lilly and Co.history →COM4.21%$88M113.0K
5RACEFerrari NVhistory →COM3.90%$81M186.7K
6AMZNAmazon.com Inc.history →COM2.95%$62M341.8K
7CCJCameco Corp.history →COM2.82%$59M1.36M
8CEGConstellation Energy Corp.history →COM2.08%$43M235.0K
9VVisa Inc.history →CL A2.03%$42M152.2K
10VRTVertiv Holdings Co.history →COM2.03%$42M520.0K
11AXPAmerican Express Co.history →COM2.01%$42M184.7K
12EMREmerson Electric Co.history →COM1.83%$38M337.1K
13MSIMotorola Solutions Inc.history →COM1.72%$36M101.5K
14AAPLApple Inc.history →COM1.71%$36M208.2K
15General Electric Co.COM1.54%$32M183.4K
16ARMARM Holdings PLChistory →COM1.54%$32M256.9K
17PANWPalo Alto Networks, Inc.history →COM1.52%$32M112.0K
18HSYThe Hershey Co.history →COM1.42%$30M152.9K
19MDGLMadrigal Pharmaceuticals, Inc.history →COM1.41%$29M110.2K
20GOOGAlphabet Inc.history →CL C1.38%$29M190.0K
21STXSeagate Technology Holdings Public L imited Co.history →COM1.22%$25M273.5K
22TTEKTetra Tech Inc.history →COM1.21%$25M136.8K
23MDBMongo DB, Inc.history →COM1.15%$24M67.0K
24CROXCrocs, Inc.history →COM1.09%$23M158.0K
25EQIXEquinix Inc.history →COM1.07%$22M27.2K
26AVGOBroadcom Inc.history →COM1.03%$22M16.3K
27DISThe Walt Disney Co.history →COM1.03%$22M175.9K
28NEENextEra Energy Inc.history →COM1.02%$21M335.0K
29RTXRTX Corp.history →COM0.99%$21M212.8K
30DELLDell Technologies Inc.history →CL C0.92%$19M168.0K
31NFLXNetflix Inc.history →COM0.92%$19M31.5K
32BILLBILL Holdings, Inc.history →COM0.84%$18M256.5K
33ORLYO'Reilly Automotive, Inc.history →COM0.83%$17M15.3K
34ROPRoper Technologies Inc.history →COM0.82%$17M30.5K
35INSPInspire Medical Systems, Inc.history →COM0.82%$17M79.4K
36MUMicron Technology, Inc.history →COM0.76%$16M134.8K
37XYLXylem, Inc.history →COM0.75%$16M120.9K
38CASYCasey's General Stores, Inc.history →COM0.75%$16M49.0K
39COSTCostco Wholesale Corp.history →COM0.73%$15M20.8K
40AMATApplied Materials, Inc.history →COM0.72%$15M72.6K
41CBOECboe Global Markets, Inc.history →COM0.72%$15M81.4K
42CMECME Group Inc.history →CL A0.71%$15M68.8K
43ASMLASML Holding N.V.history →SPONSORED ADR0.70%$15M15.1K
44BTUPeabody Energy Corp.history →COM0.67%$14M579.5K
45GFSGLOBALFOUNDRIes Inc.history →COM0.66%$14M263.0K
46TSMTaiwan Semiconductor Manufacturing Co., Ltd.history →SPONSORED ADR0.63%$13M97.0K
47ISRGIntuitive Surgical Inc.history →COM0.61%$13M32.0K
48PCORProcore Technologies, Inc.history →COM0.59%$12M150.0K
49LMTLockheed Martin Corp.history →COM0.58%$12M26.8K
50OPCHOption Care Health Inc.history →COM0.57%$12M357.6K
51DARDarling Ingredients Inc.history →COM0.56%$12M250.0K
52CCICrown Castle Inc.history →COM0.55%$12M109.0K
53SLGSL Green Realty Corp.history →COM0.55%$12M209.0K
54WMTWalmart Inc.history →COM0.55%$12M191.4K
55MKLMarkel Corp.history →COM0.55%$11M7.5K
56AMTAmerican Tower Corp.history →COM0.54%$11M57.6K
57ADBEAdobe Inc.history →COM0.54%$11M22.5K
58JOBYJoby Aviation, Inchistory →COM0.53%$11M2.06M
59AAgilent Technologies, Inc.history →COM0.52%$11M75.2K
60KRUSKura Sushi USA, Inc.history →CL A0.52%$11M95.0K
61Arista Networks Inc.COM0.52%$11M37.5K
62BXBlackstone Inc.history →COM0.52%$11M82.0K
63SCIService Corp. Internationalhistory →COM0.52%$11M145.0K
64LWLamb Weston Holdings Inc.history →COM0.51%$11M100.0K
65ONONOn Holding AGhistory →CL A0.51%$11M300.0K
66SPOTSpotify Technology S.A.history →COM0.49%$10M39.0K
67EOGEOG Resources, Inc.history →COM0.49%$10M80.0K
68TTWOTake-Two Interactive Software, Inc.history →COM0.49%$10M68.8K
69OLLIOllie's Bargain Outlet Holdings Inc.history →COM0.48%$10M127.0K
70LHXL3Harris Technologies, Inc.COM0.48%$10M46.9K
71MEDPMedpace Holdings, Inc.COM0.48%$10M24.6K
72LDOSLeidos Holdings, Inc.COM0.47%$10M75.0K
73TMOThermo Fisher Scientific, Inc.COM0.46%$10M16.5K
74INTCIntel Corp.COM0.46%$10M217.0K
75DLRDigital Realty Trust, Inc.COM0.45%$9M65.0K
76VNOVornado Realty TrustCOM0.44%$9M318.0K
77BWABorgWarner, Inc.COM0.43%$9M258.1K
78ETNEaton Corp plcCOM0.42%$9M28.0K
79ACNAccenture plc.CL A0.41%$9M25.0K
80KEYKeyCorpCOM0.38%$8M500.0K
81KNSLKinsale Capital Group, Inc.COM0.36%$8M14.4K
82EXPOExponent Inc.COM0.34%$7M86.1K
83AMRCAmeresco Inc.CL A0.32%$7M275.7K
84AMDAdvanced Micro Devices Inc.COM0.29%$6M34.1K
85ROSTRoss Stores Inc.COM0.29%$6M41.0K
86GTLSChart Industries, Inc.COM0.29%$6M36.5K
87ROKRockwell Automation, Inc.COM0.28%$6M20.0K
88DHID.R. Horton, Inc.COM0.28%$6M35.0K
89PowerSchool Holdings, Inc.CL A0.26%$5M253.7K
90LSCCLattice Semiconductor Corp.COM0.25%$5M67.4K
91Wolfspeed, Inc.COM0.25%$5M177.5K
92TJXTJX Companies, Inc.COM0.25%$5M51.0K
93ESABESAB Corp.COM0.25%$5M46.7K
94HDBHDFC Bank Ltd.SPONSORED ADR0.23%$5M87.0K
95DOCSDoximity, Inc.CL A0.22%$5M172.8K
96BJBJ's Wholesale Club Holdings Inc.COM0.22%$5M61.0K
97SMRNuScale Power Corp.CL A0.06%$1M250.0K

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 ↗.