Rings Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Rings Capital Management LLC reported 7 stock positions worth $213.0 million. Its top holding was Moody's (MCO) at 26.8% of the portfolio, followed by Carmax (KMX, 22.6%) and Microsoft (MSFT, 20.2%). Compared with Q2 2025, it added to 1. The biggest buy was Carmax (KMX, shares +72%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001771122
- Portfolio Value
- $213.0M (Q3 2025)
- SEC Filing
- 0001104659-25-111921 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $213.0M
| MCO Moody's Corp. | 26.84% | 120,000 | $57.2M | No change |
| KMX Carmax Inc. | 22.62% | 1,074,000 | $48.2M | Add +71.6% |
| MSFT Microsoft Corp. | 20.18% | 83,000 | $43.0M | No change |
| CHKP Check Point Software Tech | 15.54% | 160,000 | $33.1M | No change |
| RTX RTX Corp. | 12.96% | 165,000 | $27.6M | No change |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 1.26% | 53,000 | $2.7M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.60% | 7,100 | $1.3M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 2025
| KMX Carmax Inc. | Add +71.6% | 22.62% | +2.27 |
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 |