Joho Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Joho Capital LLC reported 8 stock positions worth $578.9 million. Its top holding was Microsoft (MSFT) at 36.1% of the portfolio, followed by Dutch Bros Class A (BROS, 20.5%) and Adobe (ADBE, 14.5%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 1 and reduced 1. The biggest buy was a new position in Taiwan Semiconductor-SP ADR (TSM) and the biggest sale Quanta Services (PWR, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001106500
- Portfolio Value
- $578.9M (Q1 2025)
- SEC Filing
- 0001172661-25-001848 ↗ filed May 14, 2025
Holdings Value
Holdings 8 stocks · $578.9M
| MSFT Microsoft Corp. | 36.07% | 556,200 | $208.8M | No change |
| BROS Dutch Bros Inc. Class A | 20.47% | 1,919,514 | $118.5M | No change |
| ADBE Adobe Inc. | 14.54% | 219,400 | $84.1M | Add +15.5% |
| UBER Uber Technologies Inc. | 12.48% | 991,900 | $72.3M | No change |
| PWR Quanta Services Inc. | 10.06% | 229,193 | $58.2M | Reduce -7.5% |
| TSM Taiwan Semiconductor-SP ADR | 4.82% | 168,000 | $27.9M | New |
| APH Amphenol Corp. Class A | 0.89% | 78,480 | $5.1M | No change |
| PG The Procter & Gamble Co. | 0.67% | 23,050 | $3.9M | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $460.4M | MSFT, BROS, TSM, AMZN, HUBB |
| Q1 2026 | 10 | $373.1M | MSFT, BROS, TSM, AMZN, WIX |
| Q4 2025 | 9 | $468.5M | MSFT, BROS, UBER, AMZN, TSM |
| Q3 2025 | 9 | $563.0M | MSFT, UBER, BROS, TSM, AMZN |
| Q2 2025 | 9 | $709.9M | MSFT, BROS, UBER, PWR, TSM |
| Q1 2025 | 8 | $578.9M | MSFT, BROS, ADBE, UBER, PWR |
| Q4 2024 | 10 | $576.3M | MSFT, BROS, ADBE, PWR, UBER |
| Q3 2024 | 12 | $633.1M | MSFT, UBER, PWR, BROS, ADBE |
| Q2 2024 | 12 | $706.9M | MSFT, UBER, ADBE, PWR, SHLS |
| Q1 2024 | 16 | $721.0M | MSFT, ADBE, UBER, PWR, SHLS |