CIK: 0001771122
Total reported value
$186.1M
Reporting period: 2026-03-31 · Number of holdings: 7
Rings Capital Management LLC disclosed 7 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $186.1M and a quarterly turnover rate of 18.9%.
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Rings Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.197 — mathematically equivalent to about 5 equally-sized positions, close to its 7 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.67), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add STZ
+700.0% $6.4M
Trim MSFT
0.0% -$9.4M
Add KMX
0.0% $2.8M
Trim CHKP
0.0% -$6.8M
Trim MCO
0.0% -$9.0M
Add RTX
0.0% $1.6M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MCO | Moody's CORP | Stock-Financials | 28.13% | -2.34% | — | |
| 2 | KMX | Carmax INC | Stock-Consumer Disc | 21.20% | +2.97% | — | |
| 3 | RTX | Rtx CORP | Stock-Industrials | 17.10% | +2.06% | — | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 16.51% | -3.44% | — | |
| 5 | CHKP | Check Point Software Technologies Ltd. | Stock-Tech | 12.28% | -2.48% | — | |
| 6 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 3.87% | +3.46% | +700.00% | |
| 7 | HRB | H&r Block INC | Stock-Consumer Disc | 0.90% | -0.25% | — |
Performance for Q3 2026
+20.5%
Performance Last 4 Quarters
+1.7%
Based on 83% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 7 | $186.1M | 19 | |
| 2025-12-31 | 7 | $201.2M | 13 | |
| 2025-09-30 | 7 | $213.0M | 18 | |
| 2025-06-30 | 7 | $206.8M | 0 | |
| 2025-03-31 | 8 | $196.2M | 100 | |
| 2024-12-31 | 8 | $191.4M | 0 | |
| 2024-09-30 | 8 | $191.8M | 0 | |
| 2024-06-30 | 7 | $191.2M | 0 | |
| 2024-03-31 | 7 | $182.8M | 0 | |
| 2023-12-31 | 7 | $164.8M | 0 | |
| 2023-09-30 | 5 | $109.7M | 0 | |
| 2023-06-30 | 5 | $106.4M | 0 | |
| 2023-03-31 | 5 | $94.6M | 0 | |
| 2022-12-31 | 6 | $147.2M | 0 | |
| 2022-09-30 | 5 | $111.6M | 0 | |
| 2022-06-30 | 5 | $170.9M | 0 | |
| 2022-03-31 | 5 | $208.1M | 0 | |
| 2021-12-31 | 6 | $243.6M | 0 | |
| 2021-09-30 | 6 | $221.7M | 0 | |
| 2021-06-30 | 8 | $222.9M | 92 | |
| 2021-03-31 | 8 | $189.8M | 7 | |
| 2020-12-31 | 8 | $176.9M | 7 | |
| 2020-09-30 | 8 | $186.5M | 8 | |
| 2020-06-30 | 7 | $172.5M | 30 | |
| 2020-03-31 | 7 | $130.5M | 16 | |
| 2019-12-31 | 5 | $147.4M | 13 | |
| 2019-09-30 | 5 | $132.5M | 9 | |
| 2019-06-30 | 6 | $129.8M | 15 | |
| 2019-03-31 | 5 | $112.0M | 14 | |
| 2018-12-31 | 5 | $97.9M | 0 |
Rings Capital Management LLC's most significant position changes for 2026-03-31: Add: Constellation Brands Inc-a (STZ) — shares +700.00%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | STZ | Constellation Brands Inc-a | +3.5% | +700.00% | Add |
| 2 | KMX | Carmax INC | +3% | — | Unchanged |
| 3 | RTX | Rtx CORP | +2.1% | — | Unchanged |
| 4 | HRB | H&r Block INC | -0.3% | — | Unchanged |
| 5 | MCO | Moody's CORP | -2.3% | — | Unchanged |
| 6 | CHKP | Check Point Software Technologies Ltd. | -2.5% | — | Unchanged |
| 7 | MSFT | Microsoft CORP | -3.4% | — | Unchanged |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-07 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-03-22 | 13F-HR | View on EDGAR |
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