Rheos Capital Works Inc.

CIK

1735445

Location

Tokyo, M0

Portfolio Value

Mid $1,442,945,708

Diversification

Diversified

Filing Date

Global Rank

#1,422 / 8,603 ▲ 59 · as of Mar 2026

Top Industry

Semiconductors 12.0%

3Y Alpha vs SPY

-0.6%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+72.1%

SPY

+76.0%

Annualised alpha

-0.9%

Max drawdown

−22.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

71 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.4%

−4.6 pts

Top 5

19.9%

−8.5 pts

Top 10

33.7%

−11.2 pts

HHI

218

Diversified−112

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	31.1%	$448,916,448	22
Consumer Cyclical	17.4%	$250,565,976	8
Industrials	14.5%	$209,940,508	11
Communication Services	9.6%	$138,358,587	4
Consumer Defensive	8.7%	$125,439,535	7
Energy	7.0%	$101,408,600	5
Financial Services	6.1%	$88,408,776	7
Healthcare	4.5%	$64,315,178	5
Basic Materials	1.1%	$15,592,100	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	+360,000	610,000	$26,919,300
NFLX	Netflix Inc	+300,000	375,000	$36,056,250
AMZN	Amazon Com Inc	+150,000	272,800	$56,816,056
JOBY	Joby Aviation, Inc.	+120,000	3,665,000	$30,272,900
AMD	Advanced Micro Devices Inc	+86,000	174,000	$35,396,820
BABA	Alibaba Group Holding Ltd	+75,000	135,000	$16,937,100
BKR	Baker Hughes Co	+50,000	340,000	$20,757,000
MSFT	Microsoft Corp	+34,700	120,000	$44,420,400
ARM	Arm Holdings PLC /Uk	+10,000	189,600	$28,682,688
ASML	Asml Holding NV	+7,500	11,600	$15,321,628
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
DHI	Horton D R Inc /De/	−150,000	260,000	$35,677,200
AMAT	Applied Materials Inc /De	−140,000	100,000	$34,179,000
META	Meta Platforms, Inc.	−137,000	76,500	$43,767,945
WDC	Western Digital Corp	−82,000	48,000	$12,983,520
AAPL	Apple Inc.	−74,500	60,000	$15,227,400
AVAV	AeroVironment Inc	−73,000	67,000	$12,264,350
HSY	Hershey Co	−62,000	62,000	$12,889,180
BA	Boeing Co	−61,400	150,000	$29,854,500
SNOW	Snowflake Inc.	−51,000	80,000	$12,065,600
TER	Teradyne, Inc	−40,000	23,000	$6,818,580
CAT	Caterpillar Inc	−27,000	70,000	$49,592,200
MDGL	Madrigal Pharmaceuticals, Inc.	−13,000	13,215	$6,917,656
KLAC	Kla Corp	−6,800	7,200	$1,060,135
STX	Seagate Technology Holdings plc	−2,500	67,500	$26,443,800
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
BJ	BJ's Wholesale Club Holdings, Inc.	550,000	$54,131,000
EQT	EQT Corp	550,000	$35,002,000
BAC	Bank Of America Corp /De/	500,000	$24,375,000
YPF	Ypf Sociedad Anonima	500,000	$23,110,000
PFE	Pfizer Inc	750,000	$21,060,000
NET	Cloudflare, Inc.	100,000	$20,634,000
PEP	Pepsico Inc	120,000	$18,634,800
HAL	Halliburton Co	400,000	$15,596,000
BIRK	Birkenstock Holding plc	350,000	$12,540,500
HON	Honeywell International Inc	50,000	$11,852,650
PG	PROCTER & GAMBLE Co	73,000	$10,544,120
JPM	Jpmorgan Chase & Co	35,000	$10,295,600
MDB	MongoDB, Inc.	40,000	$9,790,800
MSI	Motorola Solutions, Inc.	20,000	$8,679,400
LEU	Centrus Energy Corp	40,000	$6,943,600
SOLS	Solstice Advanced Materials Inc.	87,500	$6,664,000
COST	Costco Wholesale Corp /New	5,500	$5,480,365
DG	Dollar General Corp	35,000	$4,155,550
ACHR	Archer Aviation Inc.	700,000	$3,619,000
CPRI	Capri Holdings Ltd	200,000	$3,524,000
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
NTNX	Nutanix, Inc.	470,000	$24,294,300
ZS	Zscaler, Inc.	79,000	$17,768,680
ORCL	Oracle Corp	50,000	$9,745,500
CRNC	Cerence Inc.	600,000	$6,414,000
ACN	Accenture plc	20,000	$5,366,000
APP	AppLovin Corp	5,000	$3,369,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

71 positions · $1,442,945,708 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 71 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RACE	Ferrari N.V. Consumer Cyclical	Held	230,200	0	$77,911,190	−8.4%	5.40%
AMZN	Amazon Com Inc Consumer Cyclical	Added	272,800	+150,000	$56,816,056	+100.4%	3.94%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	NEW	550,000	NEW	$54,131,000	NEW	3.75%
CAT	Caterpillar Inc Industrials	Reduced	70,000	-27,000	$49,592,200	−10.8%	3.44%
NVDA	Nvidia Corp Technology	Held	281,300	0	$49,058,720	−6.5%	3.40%
MSFT	Microsoft Corp Technology	Added	120,000	+34,700	$44,420,400	+7.7%	3.08%
META	Meta Platforms, Inc. Communication Services	Reduced	76,500	-137,000	$43,767,945	−68.9%	3.03%
BIDU	Baidu, Inc. Communication Services	Held	352,000	0	$39,219,840	−14.7%	2.72%
NFLX	Netflix Inc Communication Services	Added	375,000	+300,000	$36,056,250	+412.7%	2.50%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	260,000	-150,000	$35,677,200	−39.6%	2.47%
AMD	Advanced Micro Devices Inc Technology	Added	174,000	+86,000	$35,396,820	+87.8%	2.45%
EQT	EQT Corp Energy	NEW	550,000	NEW	$35,002,000	NEW	2.43%
AMAT	Applied Materials Inc /De Technology	Reduced	100,000	-140,000	$34,179,000	−44.6%	2.37%
AVGO	Broadcom Inc. Technology	Held	107,500	0	$33,272,325	−10.6%	2.31%
UBER	Uber Technologies, Inc Technology	Held	450,000	0	$32,368,500	−12.0%	2.24%
TSLA	Tesla, Inc. Consumer Cyclical	Held	85,000	0	$31,598,750	−17.3%	2.19%
JOBY	Joby Aviation, Inc. Industrials	Added	3,665,000	+120,000	$30,272,900	−35.3%	2.10%
BA	Boeing Co Industrials	Reduced	150,000	-61,400	$29,854,500	−35.0%	2.07%
ARM	Arm Holdings PLC /Uk Technology	Added	189,600	+10,000	$28,682,688	+46.1%	1.99%
INTC	Intel Corp Technology	Added	610,000	+360,000	$26,919,300	+191.8%	1.87%
STX	Seagate Technology Holdings plc Technology	Reduced	67,500	-2,500	$26,443,800	+37.2%	1.83%
LMT	Lockheed Martin Corp Industrials	Held	43,200	0	$26,109,648	+25.0%	1.81%
TMO	Thermo Fisher Scientific Inc. Healthcare	Held	51,000	0	$25,068,030	−15.2%	1.74%
BAC	Bank Of America Corp /De/ Financial Services	NEW	500,000	NEW	$24,375,000	NEW	1.69%
YPF	Ypf Sociedad Anonima Energy	NEW	500,000	NEW	$23,110,000	NEW	1.60%
PFE	Pfizer Inc Healthcare	NEW	750,000	NEW	$21,060,000	NEW	1.46%
BKR	Baker Hughes Co Energy	Added	340,000	+50,000	$20,757,000	+57.2%	1.44%
NET	Cloudflare, Inc. Technology	NEW	100,000	NEW	$20,634,000	NEW	1.43%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	Held	213,000	0	$19,604,520	−16.0%	1.36%
DIS	Walt Disney Co Communication Services	Held	200,400	0	$19,314,552	−15.3%	1.34%
PEP	Pepsico Inc Consumer Defensive	NEW	120,000	NEW	$18,634,800	NEW	1.29%
CNH	CNH Industrial N.V. Industrials	Held	1,620,000	0	$17,820,000	+19.3%	1.23%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	135,000	+75,000	$16,937,100	+92.6%	1.17%
SHOP	Shopify Inc. Technology	Held	138,000	0	$16,369,560	−26.3%	1.13%
HAL	Halliburton Co Energy	NEW	400,000	NEW	$15,596,000	NEW	1.08%
MELI	Mercadolibre Inc Consumer Cyclical	Held	9,000	0	$15,561,180	−14.2%	1.08%
ASML	Asml Holding NV Technology	Added	11,600	+7,500	$15,321,628	+249.3%	1.06%
AAPL	Apple Inc. Technology	Reduced	60,000	-74,500	$15,227,400	−58.4%	1.06%
XYL	Xylem Inc. Industrials	Held	120,900	0	$14,447,550	−12.2%	1.00%
GS	Goldman Sachs Group Inc Financial Services	Held	15,500	0	$13,112,845	−3.8%	0.91%
WDC	Western Digital Corp Technology	Reduced	48,000	-82,000	$12,983,520	−42.0%	0.90%
HSY	Hershey Co Consumer Defensive	Reduced	62,000	-62,000	$12,889,180	−42.9%	0.89%
BIRK	Birkenstock Holding plc Consumer Cyclical	NEW	350,000	NEW	$12,540,500	NEW	0.87%
AVAV	AeroVironment Inc Industrials	Reduced	67,000	-73,000	$12,264,350	−63.8%	0.85%
HOOD	Robinhood Markets, Inc. Financial Services	Held	175,000	0	$12,127,500	−38.7%	0.84%
SNOW	Snowflake Inc. Technology	Reduced	80,000	-51,000	$12,065,600	−58.0%	0.84%
CSCO	Cisco Systems, Inc. Technology	Held	155,000	0	$12,026,450	+0.7%	0.83%
HON	Honeywell International Inc Industrials	NEW	50,000	NEW	$11,852,650	NEW	0.82%
AXP	American Express Co Financial Services	Held	36,700	0	$11,101,016	−18.2%	0.77%
PG	PROCTER & GAMBLE Co Consumer Defensive	NEW	73,000	NEW	$10,544,120	NEW	0.73%