Rings Capital Management LLC
CIK
1771122
Location
CHICAGO, IL
Portfolio Value
Small
$186,100,250
Diversification
Moderately concentrated
Filing Date
Global Rank
#4,030
/ 8,232
▲ 45
Top Industry
Software - Infrastructure
28.8%
3Y Alpha vs SPY
-12.4%
Period ended 2 months ago
Filed May 15, 2026 · 29d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+27.6%
SPY
+76.5%
Annualised alpha
-12.4%
Max drawdown
−21.2%
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
7 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
28.1%
−2.3 pts
Top 5
95.2%
−3.2 pts
Top 10
100.0%
0.0 pts
HHI
1,973
Moderately concentrated−131
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.8% | $53,580,110 |
| Financial Services | 28.1% | $52,350,000 |
| Consumer Cyclical | 22.1% | $41,141,640 |
| Industrials | 17.1% | $31,828,500 |
| Consumer Defensive | 3.9% | $7,200,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| STZ | Constellation Brands, Inc. | +42,000 | 48,000 | $7,200,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
7 positions ·
$186,100,250 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MCO |
Moodys Corp /De/
Financial Services
|
Held | 120,000 | $52,350,000 | 28.13% | |
| KMX |
Carmax Inc
Consumer Cyclical
|
Held | 949,000 | $39,459,420 | 21.20% | |
| RTX |
RTX Corp
Industrials
|
Held | 165,000 | $31,828,500 | 17.10% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 83,000 | $30,724,110 | 16.51% | |
| CHKP |
Check Point Software Technologies Ltd
Technology
|
Held | 160,000 | $22,856,000 | 12.28% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Added | 48,000 | $7,200,000 | 3.87% | |
| HRB |
H&R Block Inc
Consumer Cyclical
|
Held | 53,000 | $1,682,220 | 0.90% |