Insight into the Latest 13F Filing Reveals Significant Changes in Karr's Investment Strategy
Robert Karr (Trades, Portfolio), the founder of Joho Capital and a notable "Tiger Cub" protégé of Julian Robertson, has made significant adjustments to his investment portfolio in the fourth quarter of 2023. Karr, known for his focus on Asian equities and a penchant for new technologies, maintains a concentrated portfolio with a low turnover rate. His investment philosophy centers on simplicity and in-depth research, allowing for a small number of long-term investments to take precedence.
Summary of New Buys
Robert Karr (Trades, Portfolio)'s latest 13F filing reveals the addition of three new stocks to his portfolio:
- Adobe Inc (ADBE, Financial) stands out as the most significant new holding with 83,300 shares, representing 9.01% of the portfolio and a total value of $49.7 million.
- Ansys Inc (ANSS, Financial) is the second-largest new addition, comprising 5,230 shares or approximately 0.34% of the portfolio, valued at $1.9 million.
- McDonald's Corp (MCD, Financial) rounds out the new buys with 4,200 shares, accounting for 0.23% of the portfolio and a total value of $1.2 million.
Key Position Increases
Not only did Karr introduce new stocks to his portfolio, but he also increased his stakes in seven existing holdings:
- Shoals Technologies Group Inc (SHLS, Financial) saw a substantial increase of 1,910,518 shares, bringing the total to 3,036,006 shares. This represents a 169.75% increase in share count and a 5.38% impact on the current portfolio, with a total value of $47.2 million.
- Microsoft Corp (MSFT, Financial) experienced the second-largest increase with an additional 60,900 shares, resulting in a total of 651,700 shares. This adjustment signifies a 10.31% increase in share count, with a total value of $245.1 million.
Summary of Sold Out Positions
In a strategic move, Robert Karr (Trades, Portfolio) exited three holdings in the fourth quarter of 2023:
- Alphabet Inc (GOOG, Financial) was completely sold off, with all 250,300 shares divested, impacting the portfolio by -7.43%.
- SolarEdge Technologies Inc (SEDG, Financial) also saw a complete liquidation of its 56,750 shares, resulting in a -1.65% portfolio impact.
Key Position Reductions
Reductions in portfolio positions were also part of Karr's Q4 strategy:
- Intuit Inc (INTU, Financial) saw a significant reduction of 41,092 shares, a -93.97% decrease, affecting the portfolio by -4.73%. The stock traded at an average price of $551.59 during the quarter and has returned 20.16% over the past three months and 2.31% year-to-date.
- Rivian Automotive Inc (RIVN, Financial) was reduced by 135,000 shares, a -26.89% decrease, with a -0.74% impact on the portfolio. The stock's average trading price was $18.8 during the quarter, with a return of -4.94% over the past three months and -34.40% year-to-date.
Portfolio Overview
As of the fourth quarter of 2023, Robert Karr (Trades, Portfolio)'s portfolio comprised 16 stocks. The top holdings included 44.42% in Microsoft Corp (MSFT, Financial), 11.37% in Uber Technologies Inc (UBER, Financial), 11.35% in Quanta Services Inc (PWR, Financial), 9.01% in Adobe Inc (ADBE, Financial), and 8.55% in Shoals Technologies Group Inc (SHLS, Financial). The investments are primarily concentrated in five industries: Technology, Industrials, Consumer Cyclical, Financial Services, and Consumer Defensive.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
