RV Capital

Q2 2024 13F · by Robert Vinall, portfolio manager

As of: Jun 30, 2024
Filed: Aug 7, 2024
US stock: $416M · prev $374M
Positions: 8 · 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

+2.0 pp in · +1.3 pp out

New 2 +0.88 pp
Added 1 +1.14 pp
Trimmed 3 +1.30 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.0% a year, about 14.3 years per position

Low
Moderate
High

Top 5 positions90% of US stock

CVNA Carvana Co. trimmed+5.48 pp trimmed+5.4825.4%
META Meta Platforms, Inc. Class A trimmed−3.52 pp trimmed−3.5222.2%
CACC Credit Acceptance Corp held held17.1%
WIX WIX.com Ltd. trimmed−0.66 pp trimmed−0.6615.2%
PDD PDD Holdings Inc. added+1.14 pp added+1.1410.2%

Positions8 in this filing · 0 exited


CVNACarvana Co.	25.38%	819,631	$106M	trimmed−3%	+5.48 pp	11 q
METAMeta Platforms, Inc. Class A	22.21%	183,083	$92M	trimmed−8%	−3.52 pp	23 q
CACCCredit Acceptance Corp	17.05%	137,688	$71M	held	—	23 q
WIXWIX.com Ltd.	15.17%	396,280	$63M	trimmed−8%	−0.66 pp	19 q
PDDPDD Holdings Inc.	10.16%	317,689	$42M	added+9%	+1.14 pp	4 q
IBKRInteractive Brokers Group, Inc. Class A	9.14%	309,947	$38M	held	—	6 q
DEDeere & Company	0.45%	5,001	$2M	new	+0.45 pp	new
CRMSalesforce, Inc.	0.43%	7,000	$2M	new	+0.43 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-24-003132
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet