# Rheos Capital Works Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1735445. Source: https://holderbook.com/funds/1735445-rheos-capital-works-inc/

- Reported value: $1.8B
- Positions: 82
- Weight of the ten largest: 27.6%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $67.0M | 180,000 | 3.8% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $56.3M | 100,000 | 3.2% | 4 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $48.0M | 550,000 | 2.7% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $47.7M | 200,000 | 2.7% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $47.5M | 340,000 | 2.7% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $45.6M | 800,000 | 2.6% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $43.6M | 75,000 | 2.5% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $43.4M | 60,000 | 2.5% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $42.6M | 40,000 | 2.4% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $42.0M | 35,000 | 2.4% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $41.2M | 120,000 | 2.3% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $40.0M | 200,000 | 2.3% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $38.8M | 210,000 | 2.2% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $37.3M | 100,000 | 2.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $35.3M | 100,000 | 2.0% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $34.7M | 120,000 | 2.0% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $34.6M | 30,000 | 2.0% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $31.9M | 90,000 | 1.8% | 5 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $30.7M | 48,000 | 1.7% | 5 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $29.2M | 550,000 | 1.7% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $27.3M | 65,000 | 1.6% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $27.1M | 200,000 | 1.5% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $26.8M | 375,000 | 1.5% | 13 |
| JOBY AVIATION INC | [JOBY](https://holderbook.com/stocks/JOBY/) | $26.8M | 3,000,000 | 1.5% | 12 |
| BIRKENSTOCK HOLDING PLC | [BIRK](https://holderbook.com/stocks/BIRK/) | $25.8M | 600,000 | 1.5% | 2 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $25.4M | 100,000 | 1.5% | 5 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $24.5M | 100,000 | 1.4% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $24.1M | 25,000 | 1.4% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $23.3M | 23,000 | 1.3% | 9 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $23.1M | 11,600 | 1.3% | 3 |
| YPF SOCIEDAD ANONIMA | [YPF](https://holderbook.com/stocks/YPF/) | $22.7M | 500,000 | 1.3% | 2 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $21.7M | 72,000 | 1.2% | 4 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $21.6M | 300,000 | 1.2% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $21.2M | 220,000 | 1.2% | 22 |
| OLLIES BARGAIN OUTLET HLDGS | [OLLI](https://holderbook.com/stocks/OLLI/) | $20.8M | 270,000 | 1.2% | 30 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $20.6M | 47,500 | 1.2% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $20.6M | 95,000 | 1.2% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $20.0M | 170,000 | 1.1% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $19.1M | 25,000 | 1.1% | 5 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $18.9M | 340,000 | 1.1% | 6 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $18.7M | 11,000 | 1.1% | 5 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $17.5M | 175,000 | 1.0% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $17.0M | 45,000 | 1.0% | 12 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $17.0M | 500,000 | 1.0% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $16.4M | 50,000 | 0.9% | 2 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $15.6M | 15,000 | 0.9% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $15.3M | 30,000 | 0.9% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $15.1M | 60,000 | 0.9% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $15.0M | 30,000 | 0.9% | 10 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $14.6M | 1,300,000 | 0.8% | 6 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $14.5M | 30,000 | 0.8% | 4 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $14.4M | 320,000 | 0.8% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $14.2M | 42,000 | 0.8% | 12 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $13.4M | 40,000 | 0.8% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $13.2M | 90,000 | 0.8% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $13.0M | 135,000 | 0.7% | 3 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $12.8M | 60,000 | 0.7% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $12.7M | 300,000 | 0.7% | 1 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $11.8M | 100,000 | 0.7% | 20 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $11.6M | 125,000 | 0.7% | 1 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $11.3M | 8,500 | 0.6% | 8 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $11.1M | 67,000 | 0.6% | 4 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $10.9M | 62,000 | 0.6% | 20 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $10.6M | 90,000 | 0.6% | 11 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $10.4M | 185,000 | 0.6% | 5 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $9.3M | 500,000 | 0.5% | 2 |
| CHURCHILL DOWNS INC | [CHDN](https://holderbook.com/stocks/CHDN/) | $9.0M | 100,000 | 0.5% | 1 |
| CENTRUS ENERGY CORP | [LEU](https://holderbook.com/stocks/LEU/) | $8.4M | 50,000 | 0.5% | 2 |
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $8.1M | 500,000 | 0.5% | 4 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $8.0M | 120,000 | 0.5% | 1 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $7.8M | 87,500 | 0.4% | 2 |
| MADRIGAL PHARMACEUTICALS INC | [MDGL](https://holderbook.com/stocks/MDGL/) | $7.1M | 13,215 | 0.4% | 10 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $5.6M | 25,000 | 0.3% | 1 |
| IDEAYA BIOSCIENCES INC | [IDYA](https://holderbook.com/stocks/IDYA/) | $5.6M | 150,000 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $5.5M | 25,000 | 0.3% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $5.4M | 12,000 | 0.3% | 8 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $5.2M | 27,500 | 0.3% | 9 |
| INSPIRE MED SYS INC | [INSP](https://holderbook.com/stocks/INSP/) | $5.2M | 117,400 | 0.3% | 13 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $5.2M | 47,000 | 0.3% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.1M | 5,500 | 0.3% | 2 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $4.0M | 35,000 | 0.2% | 2 |
| ARCHER AVIATION INC | [ACHR](https://holderbook.com/stocks/ACHR/) | $3.3M | 700,000 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +25.2% | +14.8% | +10.4% | 100% |
| Q1 2026 | -5.7% | -4.6% | -1.1% | 96% |
| Q4 2025 | -3.6% | +2.4% | -5.9% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +15.7% | +10.5% | +5.3% | 100% |
| Q1 2025 | -6.2% | -4.6% | -1.6% | 100% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 100% |
| Q3 2024 | +2.7% | +5.4% | -2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.8B | 82 |
| Q1 2026 | $1.5B | 73 |
| Q4 2025 | $1.6B | 67 |
| Q3 2025 | $1.8B | 62 |
| Q2 2025 | $1.7B | 68 |
| Q1 2025 | $1.2B | 67 |
| Q4 2024 | $1.8B | 97 |
| Q3 2024 | $1.9B | 105 |
| Q2 2024 | $1.9B | 98 |
| Q1 2024 | $2.1B | 97 |
| Q4 2023 | $1.8B | 90 |
| Q3 2023 | $1.7B | 121 |