RV Capital

Q3 2023 13F · by Robert Vinall, portfolio manager

Picture100.0% US stock

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

+7.4 pp in · −7.3 pp out

Very concentrated · behaves like 6 equal-sized positions

Low turnover · 13% a year, about 7.5 years per position


METAMeta Platforms, Inc. Class A	24.60%	268,583	$81M	trimmed−0%	−0.59 pp	20 q
CACCCredit Acceptance Corp	22.14%	157,696	$73M	trimmed−9%	−6.49 pp	20 q
CRMSalesforce, Inc.	18.24%	294,843	$60M	trimmed−1%	−2.33 pp	11 q
WIXWIX.com Ltd.	13.06%	466,300	$43M	added+2%	+1.43 pp	16 q
CVNACarvana Co.	8.15%	636,135	$27M	trimmed−10%	+2.15 pp	8 q
IBKRInteractive Brokers Group, Inc. Class A	7.63%	288,747	$25M	held	—	3 q
PDDPDD Holdings Inc.	5.96%	199,100	$20M	new	+5.96 pp	new
TRUPTrupanion, Inc.	0.22%	25,000	$705,000	held	—	8 q