SEC 13F Intelligence

Managers / Q4 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
$1.6B
Q4 2025
Positions
67
Filings on Record
29
2019–present window
Filed
Jan 21, 2026
original filing

Summary

Rheos Capital Works Inc. reported $1.6B in U.S.-listed holdings across 67 positions for Q4 2025.

Its largest position, META, represents 9.0% of the portfolio.

Compared with Q3 2025, the fund opened 19 new positions and exited 14.

Portfolio Metrics

Turnover
+27.0%
vs prior filed quarter
Top-10 Concentration
+40.8%
share of reported value
Largest Position
+9.0%
Meta Platforms
New / Exited
19 / 14
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: 91.1%ADR: 4.8%Other: 4.1%
  • Common Stock · 91.1% · $1.4B
  • ADR · 4.8% · $74M
  • Other · 4.1% · $64M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMATApplied Materials, Inc.NEW+240.0K240.0K+$62M$62M
TSLATesla Inc.NEW+85.0K85.0K+$38M$38M
HOODRobinhood Markets Inc.NEW+175.0K175.0K+$20M$20M
STXSeagate Technology Holdings Public L imited Co.NEW+70.0K70.0K+$19M$19M
Pfizer Inc.NEW+750.0K750.0K+$19M$19M
Lam Research Corp.NEW+99.5K99.5K+$17M$17M
JPMorgan Chase & Co.NEW+35.0K35.0K+$11M$11M
Honeywell International Inc.NEW+50.0K50.0K+$10M$10M

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

Holdings — Q4 2025

67 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1METAMeta Platforms, Inc.history →CL A9.03%$141M213.5K
2RACEFerrari NVhistory →COM5.45%$85M230.2K
3AMATApplied Materials, Inc.history →COM3.95%$62M240.0K
4DHID.R. Horton, Inc.history →COM3.79%$59M410.0K
5CATCaterpillar Inc.history →COM3.56%$56M97.0K
6NVDANVIDIA Corp.history →COM3.36%$52M281.3K
7JOBYJoby Aviation, Inchistory →COM3.00%$47M3.54M
8BIDUBaidu Inc.history →SPONSORED ADR2.95%$46M352.0K
9BAThe Boeing Co.history →COM2.94%$46M211.4K
10GOOGAlphabet Inc.history →CL C2.72%$42M135.0K
11MSFTMicrosoft Corp.history →COM2.64%$41M85.3K
12TSLATesla Inc.history →COM2.45%$38M85.0K
13AVGOBroadcom Inc.history →COM2.38%$37M107.5K
14UBERUber Technologies Inc.history →COM2.36%$37M450.0K
15AAPLApple Inc.history →COM2.34%$37M134.5K
16AVAVAeroVironment Inc.history →COM2.17%$34M140.0K
17TMOThermo Fisher Scientific, Inc.history →COM1.89%$30M51.0K
18SNOWSnowflake Inc.history →CL A1.84%$29M131.0K
19AMZNAmazon.com Inc.history →COM1.82%$28M122.8K
20NTNXNutanix Inc.history →CL A1.56%$24M470.0K
21OLLIOllie's Bargain Outlet Holdings Inc.history →COM1.50%$23M213.0K
22DISThe Walt Disney Co.history →COM1.46%$23M200.4K
23HSYThe Hershey Co.history →COM1.45%$23M124.0K
24WDCWestern Digital Corporationhistory →COM1.44%$22M130.0K
25SHOPShopify Inc.history →CL A1.42%$22M138.0K
26LMTLockheed Martin Corp.history →COM1.34%$21M43.2K
27HOODRobinhood Markets Inc.history →CL A1.27%$20M175.0K
28ARMARM Holdings PLChistory →COM1.26%$20M179.6K
29STXSeagate Technology Holdings Public L imited Co.history →COM1.24%$19M70.0K
30AMDAdvanced Micro Devices Inc.history →COM1.21%$19M88.0K
31Pfizer Inc.COM1.20%$19M750.0K
32MELIMercadoLibre Inc.history →COM1.16%$18M9.0K
33ZSZscaler Inc.history →COM1.14%$18M79.0K
34Lam Research Corp.COM1.09%$17M99.5K
35KLACKLA Corp.history →COM1.09%$17M14.0K
36XYLXylem, Inc.history →COM1.06%$16M120.9K
37MDGLMadrigal Pharmaceuticals, Inc.history →COM0.98%$15M26.2K
38CNHCNH Industrial NVhistory →CL A0.96%$15M1.62M
39GSGoldman Sachs Group, Inc.history →COM0.87%$14M15.5K
40AXPAmerican Express Co.history →COM0.87%$14M36.7K
41BKRBaker Hughes Co.history →CL A0.85%$13M290.0K
42TERTeradyne, Inc.history →COM0.78%$12M63.0K
43CSCOCisco Systems, Inc.history →COM0.77%$12M155.0K
44CRWDCrowdStrike Holdings Inc.history →CL A0.75%$12M25.0K
45TDGTransDigm Group Inc.history →COM0.72%$11M8.5K
46JPMorgan Chase & Co.COM0.72%$11M35.0K
47INSPInspire Medical Systems, Inc.history →COM0.69%$11M117.4K
48BXBlackstone Inc.history →COM0.68%$11M68.5K
49Honeywell International Inc.COM0.63%$10M50.0K
50ORCLOracle Corp.COM0.62%$10M50.0K
51Centrus Energy Corp.CL A0.62%$10M40.0K
52MPMP Materials Corp.COM0.60%$9M185.0K
53INTCIntel Corp.COM0.59%$9M250.0K
54BABAAlibaba Group Holding LimitedSPONSORED ADR0.56%$9M60.0K
55XPXP Inc.CL A0.52%$8M500.0K
56NFLXNetflix Inc.COM0.45%$7M75.0K
57CRNCCerence Inc.COM0.41%$6M600.0K
58DHRDanaher Corp.COM0.40%$6M27.5K
59Birkenstock Holding PLCCOM0.39%$6M150.0K
60SNPSSynopsys, Inc.COM0.36%$6M12.0K
61ACNAccenture plc.CL A0.34%$5M20.0K
62General Electric Co.COM0.30%$5M15.0K
63ASMLASML Holding N.V.SPONSORED ADR0.28%$4M4.1K
64Solstice Advanced Materials Inc.COM0.27%$4M87.5K
65APPApplovin Corp.CL A0.22%$3M5.0K
66Capri Holdings LimitedCOM0.16%$2M100.0K
67Archer Aviation Inc.CL A0.10%$2M200.0K

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 ↗.