SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Rheos Capital Works Inc.

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

Reported Value
$1.2B
Q1 2025
Positions
67
Filings on Record
29
2019–present window
Filed
Apr 14, 2025
original filing

Summary

Rheos Capital Works Inc. reported $1.2B in U.S.-listed holdings across 67 positions for Q1 2025.

Its largest position, TJX, represents 5.2% of the portfolio.

Compared with Q4 2024, the fund opened 5 new positions and exited 35.

Portfolio Metrics

Turnover
+21.6%
vs prior filed quarter
Top-10 Concentration
+37.6%
share of reported value
Largest Position
+5.2%
Tjx Cos
New / Exited
5 / 35
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: 93.9%ADR: 4.9%REIT: 1.2%
  • Common Stock · 93.9% · $1.2B
  • ADR · 4.9% · $60M
  • REIT · 1.2% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNHCNH INDL N VNEW+2.03M2.03M+$25M$25M
BKRBAKER HUGHES COMPANYNEW+390.0K390.0K+$17M$17M
BAHBOOZ ALLEN HAMILTON HLDG CORNEW+85.0K85.0K+$9M$9M
KHCKRAFT HEINZ CONEW+177.0K177.0K+$5M$5M
CRNCCERENCE INCNEW+300.0K300.0K+$2M$2M
BABAALIBABA GROUP HLDG LTDADDED+258.6K268.6K+$35M$36M
TJXTJX COS INC NEWADDED+445.0K523.6K+$54M$64M
INTCINTEL CORPADDED+730.0K1.01M+$17M$23M

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

Holdings — Q1 2025

67 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX COS INC NEWhistory →COM5.19%$64M523.6K
2RACEFERRARI N Vhistory →COM4.94%$61M141.7K
3NFLXNETFLIX INChistory →COM4.04%$50M53.2K
4AMZNAMAZON COM INChistory →COM3.94%$48M254.3K
5COSTCOSTCO WHSL CORP NEWhistory →COM3.85%$47M50.0K
6UBERUBER TECHNOLOGIES INChistory →COM3.23%$40M545.0K
7DISDISNEY WALT COhistory →COM3.18%$39M395.4K
8METAMETA PLATFORMS INChistory →CL A3.17%$39M67.5K
9MSFTMICROSOFT CORPhistory →COM3.13%$38M102.3K
10BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADR2.89%$36M268.6K
11RTXRAYTHEON TECHNOLOGIES CORPhistory →COM2.33%$29M216.0K
12STXSEAGATE TECHNOLOGY HLDNGS PLhistory →COM2.29%$28M331.5K
13JOBYJOBY AVIATION INChistory →COM2.23%$27M4.55M
14EMREMERSON ELEC COhistory →COM2.22%$27M248.1K
15AVGOBROADCOM INChistory →COM2.15%$26M158.0K
16HSYHERSHEY COhistory →COM2.15%$26M154.0K
17TMOTHERMO FISHER SCIENTIFIC INChistory →COM2.07%$25M51.0K
18CNHCNH INDL N Vhistory →CL A2.03%$25M2.03M
19HDBHDFC BANK LTDhistory →SPONSORED ADR1.99%$24M367.0K
20INTCINTEL CORPhistory →COM1.86%$23M1.01M
21OLLIOLLIES BARGAIN OUTLET HLDGShistory →COM1.83%$22M193.0K
22TDGTRANSDIGM GROUP INChistory →COM1.69%$21M15.0K
23CSCOCISCO SYS INChistory →COM1.63%$20M325.0K
24TTEKTETRA TECH INC NEWhistory →COM1.63%$20M684.0K
25AAPLAPPLE INChistory →COM1.58%$19M87.5K
26BKRBAKER HUGHES COMPANYhistory →CL A1.40%$17M390.0K
27LULULULULEMON ATHLETICA INChistory →COM1.28%$16M55.5K
28DARDARLING INGREDIENTS INChistory →COM1.27%$16M500.0K
29KEYKEYCORPhistory →COM1.25%$15M960.0K
30LMTLOCKHEED MARTIN CORPhistory →COM1.24%$15M34.2K
31CCICROWN CASTLE INTL CORP NEWhistory →COM1.23%$15M145.0K
32MUMICRON TECHNOLOGY INChistory →COM1.20%$15M169.0K
33XYLXYLEM INChistory →COM1.18%$14M120.9K
34MDGLMADRIGAL PHARMACEUTICALS INChistory →COM1.17%$14M43.2K
35LHXL3HARRIS TECHNOLOGIES INChistory →COM1.15%$14M67.3K
36BXBLACKSTONE INChistory →COM1.13%$14M99.5K
37PANWPALO ALTO NETWORKS INChistory →COM1.11%$14M80.2K
38AAGILENT TECHNOLOGIES INChistory →COM0.95%$12M99.2K
39AKROAKERO THERAPEUTICS INChistory →COM0.91%$11M276.0K
40ELVANTHEM INChistory →COM0.89%$11M25.0K
41SCISERVICE CORP INTLhistory →COM0.88%$11M135.0K
42CCITIGROUP INChistory →COM0.85%$10M146.5K
43SNPSSYNOPSYS INChistory →COM0.84%$10M24.0K
44BJBJS WHSL CLUB HLDGS INChistory →COM0.83%$10M89.0K
45AXPAMERICAN EXPRESS COCOM0.80%$10M36.7K
46HLIHOULIHAN LOKEY INCCL A0.79%$10M60.4K
47BABOEING COCOM0.78%$10M56.4K
48NTNXNUTANIX INCCL A0.75%$9M132.0K
49BAHBOOZ ALLEN HAMILTON HLDG CORCOM0.72%$9M85.0K
50MEDPMEDPACE HLDGS INCCOM0.72%$9M29.1K
51ARESARES MANAGEMENT CORPORATIONCL A0.71%$9M59.8K
52ARISTA NETWORKS INCCOM0.69%$9M110.0K
53INSPINSPIRE MED SYS INCCOM0.68%$8M52.4K
54ONON SEMICONDUCTOR CORPCOM0.66%$8M199.5K
55NOWSERVICENOW INCCOM0.62%$8M9.5K
56BWABORGWARNER INCCOM0.60%$7M258.1K
57DHRDANAHER CORPORATIONCOM0.46%$6M27.5K
58KHCKRAFT HEINZ COCOM0.44%$5M177.0K
59HCAHCA HEALTHCARE INCCOM0.42%$5M15.0K
60LWLAMB WESTON HLDGS INCCOM0.40%$5M93.0K
61BLBLACKLINE INCCOM0.39%$5M100.0K
62GSGOLDMAN SACHS GROUP INCCOM0.38%$5M8.5K
63HUMHUMANA INCCOM0.32%$4M15.0K
64ESABESAB Corp.COM0.27%$3M28.0K
65CRNCCERENCE INCCOM0.19%$2M300.0K
66BRKRBRUKER CORPCOM0.15%$2M45.0K
67KRUSKURA SUSHI USA INCCL A0.04%$499,0009.7K

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 ↗.