Robert Karr – Joho Capital Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Joho Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – Monday.com (MNDY)

Increases – Taiwan Semiconductor Manufactur (TSM)

Reductions – Adobe Inc. (ADBE), Dutch Bros Inc. (BROS)

Complete Exits – None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Joho Capital Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2016Mar 31, 2016	YELP Yelp Inc.	Yelp Inc.	Sell - Position Exit	-68,600-100.0%	$0.00	-
Q1 2016Mar 31, 2016	GLW Corning Incorporated	Corning Incorporated	Sell - Position Exit	-157,200-100.0%	$0.00	-
Q1 2016Mar 31, 2016	HXL Hexcel Corporation	Hexcel Corporation	Sell	-164,481-13.1%	$47.85K	1,094,779
Q1 2016Mar 31, 2016	TAL TAL Education Group	TAL Education Group	Sell	-461,003-52.2%	$20.97K	422,053
Q1 2016Mar 31, 2016	YRD Yiren Digital Ltd.	Yiren Digital Ltd.	Sell - Position Exit	-725,275-100.0%	$0.00	-
Q4 2015Dec 31, 2015	CGNX Cognex Corporation	Cognex Corporation	Buy	+1,188,096+337.1%	$52.02K	1,540,549
Q4 2015Dec 31, 2015	YRD Yiren Digital Ltd.	Yiren Digital Ltd.	Buy - Position Entry	+725,275	$6.85K	725,275
Q4 2015Dec 31, 2015	YELP Yelp Inc.	Yelp Inc.	Buy - Position Entry	+68,600	$1.98K	68,600
Q4 2015Dec 31, 2015	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+52,956	$40.19K	52,956
Q4 2015Dec 31, 2015	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+12,516	$2.37K	12,516
Q4 2015Dec 31, 2015	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+2,607	$2.03K	2,607
Q4 2015Dec 31, 2015	TAL TAL Education Group	TAL Education Group	Sell	-1,014,868-53.5%	$41.04K	883,056
Q3 2015Sep 30, 2015	HXL Hexcel Corporation	Hexcel Corporation	Buy	+402,300+46.9%	$56.49K	1,259,260
Q3 2015Sep 30, 2015	CGNX Cognex Corporation	Cognex Corporation	Buy - Position Entry	+352,453	$12.11K	352,453
Q3 2015Sep 30, 2015	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+325,450+93.3%	$39.77K	674,450
Q3 2015Sep 30, 2015	GLW Corning Incorporated	Corning Incorporated	Buy - Position Entry	+157,200	$2.69K	157,200
Q3 2015Sep 30, 2015	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-1,550-28.0%	$2.04K	3,990
Q3 2015Sep 30, 2015	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-1,640-100.0%	$0.00	-
Q3 2015Sep 30, 2015	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell - Position Exit	-12,320-100.0%	$0.00	-
Q3 2015Sep 30, 2015	TAL TAL Education Group	TAL Education Group	Sell	-437,379-18.7%	$61.02K	1,897,924
Q2 2015Jun 30, 2015	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+349,000	$28.71K	349,000
Q2 2015Jun 30, 2015	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy - Position Entry	+12,320	$338.00	12,320
Q2 2015Jun 30, 2015	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy - Position Entry	+5,540	$2.40K	5,540
Q2 2015Jun 30, 2015	TAL TAL Education Group	TAL Education Group	Sell	-280,587-10.7%	$82.44K	2,335,303
Q2 2015Jun 30, 2015	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-339,060-99.5%	$326.00	1,640
Q2 2015Jun 30, 2015	YELP Yelp Inc.	Yelp Inc.	Sell - Position Exit	-805,677-100.0%	$0.00	-
Q1 2015Mar 31, 2015	YELP Yelp Inc.	Yelp Inc.	Buy	+325,000+67.6%	$38.15K	805,677
Q1 2015Mar 31, 2015	TAL TAL Education Group	TAL Education Group	Buy	+168,628+6.9%	$86.90K	2,615,890
Q1 2015Mar 31, 2015	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-205,850-37.7%	$71.00K	340,700
Q1 2015Mar 31, 2015	VECO Veeco Instruments Inc.	Veeco Instruments Inc.	Sell - Position Exit	-698,156-100.0%	$0.00	-

Page 11 of 13 • 386 total trades

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