Joho Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Joho Capital LLC reported 9 stock positions worth $468.5 million. Its top holding was Microsoft (MSFT) at 37.1% of the portfolio, followed by Dutch Bros Class A (BROS, 18.5%) and Uber Technologies (UBER, 15.7%). Compared with Q3 2025, it added to 1 and reduced 4. The biggest buy was Walmart (WMT, shares +89%) and the biggest sale Quanta Services (PWR, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001106500
- Portfolio Value
- $468.5M (Q4 2025)
- SEC Filing
- 0001172661-26-000868 ↗ filed Feb 17, 2026
Holdings Value
Holdings 9 stocks · $468.5M
| MSFT Microsoft Corp. | 37.09% | 359,300 | $173.8M | Reduce -12.1% |
| BROS Dutch Bros Inc. Class A | 18.53% | 1,418,394 | $86.8M | No change |
| UBER Uber Technologies Inc. | 15.73% | 901,900 | $73.7M | No change |
| AMZN Amazon.com Inc. | 13.03% | 264,500 | $61.1M | No change |
| TSM Taiwan Semiconductor-SP ADR | 12.33% | 190,100 | $57.8M | Reduce -23.7% |
| APH Amphenol Corp. Class A | 2.26% | 78,480 | $10.6M | No change |
| WMT Walmart Inc. | 0.50% | 20,850 | $2.3M | Add +88.7% |
| PWR Quanta Services Inc. | 0.37% | 4,110 | $1.7M | Reduce -96.5% |
| PG The Procter & Gamble Co. | 0.16% | 5,250 | $752K | Reduce -58.2% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| WMT Walmart Inc. | Add +88.7% | 0.50% | +0.29 |
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 |