RV Capital

Q2 2020 13F · by Robert Vinall, portfolio manager

As of: Jun 30, 2020
Filed: Aug 10, 2020
US stock: $256M · prev $141M
Positions: 5 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves5 since the prior filing

+0.9 pp in · −1.7 pp out

New 0 0.00 pp
Added 3 +0.91 pp
Trimmed 1 +7.72 pp
Exited 1 −9.39 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 24% a year, about 4.1 years per position

Low
Moderate
High

Top 5 positions100% of US stock

CACC Credit Acceptance Corp added+6.90 pp added+6.9030.0%
WIX WIX.com Ltd. trimmed+7.72 pp trimmed+7.7229.2%
META Meta Platforms, Inc. Class A added−5.06 pp added−5.0623.1%
TRUP Trupanion, Inc. added−0.93 pp added−0.9313.3%
CVNA Carvana Co. held held4.5%

Positions5 in this filing · 1 exited


CACCCredit Acceptance Corp	30.00%	183,000	$77M	added+44%	+6.90 pp	7 q
WIXWIX.com Ltd.	29.17%	291,000	$75M	trimmed−3%	+7.72 pp	3 q
METAMeta Platforms, Inc. Class A	23.09%	260,000	$59M	added+9%	−5.06 pp	7 q
TRUPTrupanion, Inc.	13.29%	795,956	$34M	added+3%	−0.93 pp	7 q
CVNACarvana Co.	4.45%	94,642	$11M	held	—	2 q
GOOGLAlphabet Inc. Class A	—	−11,400	—	exited	−9.39 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-20-001613
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet