Joho Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Joho Capital LLC reported 9 stock positions worth $563.0 million. Its top holding was Microsoft (MSFT) at 37.6% of the portfolio, followed by Uber Technologies (UBER, 15.7%) and Dutch Bros Class A (BROS, 13.2%). Compared with Q2 2025, it opened 2 new positions, sold out of 2 and reduced 5. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Adobe (ADBE).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001106500
- Portfolio Value
- $563.0M (Q3 2025)
- SEC Filing
- 0001172661-25-004905 ↗ filed Nov 14, 2025
Holdings Value
Holdings 9 stocks · $563.0M
| MSFT Microsoft Corp. | 37.60% | 408,700 | $211.7M | Reduce -26.5% |
| UBER Uber Technologies Inc. | 15.69% | 901,900 | $88.4M | Reduce -9.1% |
| BROS Dutch Bros Inc. Class A | 13.19% | 1,418,394 | $74.2M | Reduce -19.2% |
| TSM Taiwan Semiconductor-SP ADR | 12.36% | 249,100 | $69.6M | No change |
| AMZN Amazon.com Inc. | 10.32% | 264,500 | $58.1M | New |
| PWR Quanta Services Inc. | 8.58% | 116,493 | $48.3M | Reduce -49.2% |
| APH Amphenol Corp. Class A | 1.73% | 78,480 | $9.7M | No change |
| PG The Procter & Gamble Co. | 0.34% | 12,550 | $1.9M | Reduce -45.5% |
| WMT Walmart Inc. | 0.20% | 11,050 | $1.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| ADBE Adobe Inc. | Sold out | 0.00% | −7.12 |
| BROS Dutch Bros Inc. Class A | Reduce -19.2% | 13.19% | −3.71 |
| PWR Quanta Services Inc. | Reduce -49.2% | 8.58% | −3.63 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −2.21 |
| MSFT Microsoft Corp. | Reduce -26.5% | 37.60% | −1.37 |
| PG The Procter & Gamble Co. | Reduce -45.5% | 0.34% | −0.17 |
| UBER Uber Technologies Inc. | Reduce -9.1% | 15.69% | +2.66 |
Portfolio Buys Q2 2025 → Q3 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 |