RV Capital

Q3 2020 13F · by Robert Vinall, portfolio manager

As of: Sep 30, 2020
Filed: Nov 13, 2020
US stock: $267M · prev $256M
Positions: 5 · prev 5
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

+5.6 pp in · +1.2 pp out

New 1 +5.60 pp
Added 0 0.00 pp
Trimmed 3 +5.65 pp
Exited 1 −4.45 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.5 years per position

Low
Moderate
High

Top 5 positions100% of US stock

WIX WIX.com Ltd. trimmed−4.00 pp trimmed−4.0025.2%
META Meta Platforms, Inc. Class A trimmed+1.71 pp trimmed+1.7124.8%
CACC Credit Acceptance Corp held held23.2%
TRUP Trupanion, Inc. trimmed+7.94 pp trimmed+7.9421.2%
WORK Slack Technologies, Inc. new+5.60 pp new+5.605.6%

Positions5 in this filing · 1 exited


WIXWIX.com Ltd.	25.17%	263,800	$67M	trimmed−9%	−4.00 pp	4 q
METAMeta Platforms, Inc. Class A	24.80%	253,000	$66M	trimmed−3%	+1.71 pp	8 q
CACCCredit Acceptance Corp	23.20%	183,000	$62M	held	—	8 q
TRUPTrupanion, Inc.	21.23%	719,000	$57M	trimmed−10%	+7.94 pp	8 q
WORKSlack Technologies, Inc.	5.60%	557,000	$15M	new	+5.60 pp	new
CVNACarvana Co.	—	−94,642	—	exited	−4.45 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-20-002134
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet