RV Capital

Q3 2022 13F · by Robert Vinall, portfolio manager

As of: Sep 30, 2022
Filed: Nov 14, 2022
US stock: $210M · prev $222M
Positions: 6 · 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%

Moves6 since the prior filing

+3.9 pp in · −3.9 pp out

New 0 0.00 pp
Added 4 +3.93 pp
Trimmed 2 −3.91 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 5.2% a year, about 19.4 years per position

Low
Moderate
High

Top 5 positions99% of US stock

CACC Credit Acceptance Corp trimmed−1.50 pp trimmed−1.5040.8%
CRM Salesforce, Inc. trimmed−2.41 pp trimmed−2.4120.9%
WIX WIX.com Ltd. added+3.71 pp added+3.7117.0%
META Meta Platforms, Inc. Class A added−1.51 pp added−1.5113.6%
CVNA Carvana Co. added+1.62 pp added+1.626.9%

Positions6 in this filing · 0 exited


CACCCredit Acceptance Corp	40.82%	195,246	$86M	trimmed−2%	−1.50 pp	16 q
CRMSalesforce, Inc.	20.95%	305,143	$44M	trimmed−3%	−2.41 pp	7 q
WIXWIX.com Ltd.	17.02%	455,800	$36M	added+1%	+3.71 pp	12 q
METAMeta Platforms, Inc. Class A	13.63%	210,400	$29M	added+1%	−1.51 pp	16 q
CVNACarvana Co.	6.88%	709,835	$14M	added+37%	+1.62 pp	4 q
TRUPTrupanion, Inc.	0.71%	25,000	$1M	added+13%	+0.11 pp	4 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-22-002413
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet