Rings Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Rings Capital Management LLC reported 7 stock positions worth $206.8 million. Its top holding was Moody's (MCO) at 29.1% of the portfolio, followed by Carmax (KMX, 20.3%) and Microsoft (MSFT, 20.0%). Compared with Q1 2025, it sold out of 1 and added to 1. The biggest buy was Carmax (KMX, shares +23%) and the biggest sale an exit from Jd.com Inc.-ADR (JD).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001771122
- Portfolio Value
- $206.8M (Q2 2025)
- SEC Filing
- 0001104659-25-077998 ↗ filed Aug 14, 2025
Holdings Value
Holdings 7 stocks · $206.8M
| MCO Moody's Corp. | 29.11% | 120,000 | $60.2M | No change |
| KMX Carmax Inc. | 20.35% | 626,000 | $42.1M | Add +23.1% |
| MSFT Microsoft Corp. | 19.97% | 83,000 | $41.3M | No change |
| CHKP Check Point Software Tech | 17.12% | 160,000 | $35.4M | No change |
| RTX RTX Corp. | 11.65% | 165,000 | $24.1M | No change |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 1.41% | 53,000 | $2.9M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.39% | 7,100 | $805K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −3.77 |
Portfolio Buys Q1 2025 → Q2 2025
| KMX Carmax Inc. | Add +23.1% | 20.35% | +0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $196.5M | MCO, KMX, RTX, MSFT, CHKP |
| Q1 2026 | 7 | $186.1M | MCO, KMX, RTX, MSFT, CHKP |
| Q4 2025 | 7 | $201.2M | MCO, MSFT, KMX, RTX, CHKP |
| Q3 2025 | 7 | $213.0M | MCO, KMX, MSFT, CHKP, RTX |
| Q2 2025 | 7 | $206.8M | MCO, KMX, MSFT, CHKP, RTX |
| Q1 2025 | 8 | $196.2M | MCO, KMX, CHKP, MSFT, RTX |
| Q4 2024 | 8 | $191.4M | MCO, KMX, MSFT, CHKP, RTX |
| Q3 2024 | 8 | $191.8M | MCO, KMX, MSFT, CHKP, RTX |
| Q2 2024 | 7 | $191.2M | MCO, MSFT, KMX, CHKP, SILK |
| Q1 2024 | 7 | $182.8M | MCO, KMX, MSFT, CHKP, RTX |