RV Capital

Q2 2023 13F · by Robert Vinall, portfolio manager

As of: Jun 30, 2023
Filed: Jul 17, 2023
US stock: $307M · prev $263M
Positions: 7 · prev 7
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%

Moves4 since the prior filing

+2.0 pp in · +0.6 pp out

New 0 0.00 pp
Added 2 +1.96 pp
Trimmed 2 +0.61 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 3.2% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions94% of US stock

CACC Credit Acceptance Corp added+0.54 pp added+0.5428.6%
META Meta Platforms, Inc. Class A trimmed+3.09 pp trimmed+3.0925.2%
CRM Salesforce, Inc. trimmed−2.48 pp trimmed−2.4820.6%
WIX WIX.com Ltd. held held11.6%
IBKR Interactive Brokers Group, Inc. Class A added+1.42 pp added+1.427.8%

Positions7 in this filing · 0 exited


CACCCredit Acceptance Corp	28.63%	172,846	$88M	added+2%	+0.54 pp	19 q
METAMeta Platforms, Inc. Class A	25.19%	269,100	$77M	trimmed−2%	+3.09 pp	19 q
CRMSalesforce, Inc.	20.57%	298,543	$63M	trimmed−2%	−2.48 pp	10 q
WIXWIX.com Ltd.	11.63%	455,800	$36M	held	—	15 q
IBKRInteractive Brokers Group, Inc. Class A	7.82%	288,747	$24M	added+42%	+1.42 pp	2 q
CVNACarvana Co.	6.00%	709,835	$18M	held	—	7 q
TRUPTrupanion, Inc.	0.16%	25,000	$492,000	held	—	7 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-23-002515
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet