Rings Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Rings Capital Management LLC reported 7 stock positions worth $201.2 million. Its top holding was Moody's (MCO) at 30.5% of the portfolio, followed by Microsoft (MSFT, 20.0%) and Carmax (KMX, 18.2%). Compared with Q3 2025, it opened 1 new position, sold out of 1 and reduced 1. The biggest buy was a new position in Constellation Brands Class A (STZ) and the biggest sale Carmax (KMX, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001771122
- Portfolio Value
- $201.2M (Q4 2025)
- SEC Filing
- 0001104659-26-015731 ↗ filed Feb 17, 2026
Holdings Value
Holdings 7 stocks · $201.2M
| MCO Moody's Corp. | 30.47% | 120,000 | $61.3M | No change |
| MSFT Microsoft Corp. | 19.95% | 83,000 | $40.1M | No change |
| KMX Carmax Inc. | 18.23% | 949,000 | $36.7M | Reduce -11.6% |
| RTX RTX Corp. | 15.04% | 165,000 | $30.3M | No change |
| CHKP Check Point Software Tech | 14.76% | 160,000 | $29.7M | No change |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 1.15% | 53,000 | $2.3M | No change |
| STZ Constellation Brands Inc. Class A | 0.41% | 6,000 | $828K | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| STZ Constellation Brands Inc. Class A | New | 0.41% | +0.41 |
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 |