Equal-WT
WhaleScore 2.0
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Rings Capital Management is based out of Chicago. Rings Capital Management is a hedge fund with 3 clients and discretionary assets under management (AUM) of $422,478,667 (Form ADV from 2024-04-17). Their last reported 13F filing for Q2 2024 included $191,171,298 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Rings Capital Management's largest holding is Moodys Corp with shares held of 120,000. Whalewisdom has at least 23 13F filings
Business Description
The Registrant and Relying Adviser manage all assets themselves and do not utilize or select other advisors or third-party managers. Their investment strategies are identical. Both entities are not registered as a broker-dealer or broker-dealer representative, nor are they registered as a futures commission merchant, commodity pool operator, or a commodity trading advisor.
The Registrant does not receive any economic benefit from third parties for advice rendered to the Partnerships. Currently, neither the Registrant nor its related persons directly or indirectly compensate any person who is not advisory personnel for Client referrals. If in the future the Registrant enters into such arrangements, this Brochure will be appropriately amended.
Investment Strategy
Rings Capital Management LLC focuses on long-term ownership of public domestic and foreign equity securities for capital appreciation. They prioritize companies with sustainable competitive advantages, shareholder-focused management, and conservative pricing with limited long-term downside and superior long-term upside. Research is conducted using various sources, including company reports, SEC filings, and direct communication with management.
The Registrant generally maintains a low turnover rate and focuses on long-term capital gains. They do not utilize leverage, options, or short selling, but reserve the right to implement these techniques in the future. The concentrated un-hedged approach, however, carries the risk of significant and permanent capital loss if a major investment becomes fundamentally impaired.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| KMX CarMax Inc. | -3.88% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| MCO Moodys Corp | 26.42% |
| MSFT Microsoft Corp. | 19.41% |
| KMX CarMax Inc. | 18.03% |
| CHKP Check Point Software | 13.81% |
| SILK Silk Road Medical In | 12.16% |
2024-06-30
13F Activity
| Market Value | $191m, Prior: $183m |
| Inflows (Outflows) as % of Total MV | +0.3836% |
| New Purchases | 0 stocks |
| Added To | 1 stocks |
| Sold out of | 0 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 0% |
| Turnover Alt %[2] | 0% |
| Time Held Top 20 | 8.2857 quarters |
| Time Held Top 10 | 8.2857 quarters |
| Time Held All | 10.57 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30