Robert Vinall
RV Capital GmbH
Robert Vinall (RV Capital GmbH) discloses a $383M portfolio across 13 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is CVNA at 30.3% of the book. The biggest move of the quarter: trimmed the IBKR share count by 26% (position now $49M). Mechanically cloning this 13F returned 20.2%/yr over the past 7.5 years, versus 16.0%/yr for the S&P 500 across that identical 7.5-year window.
Holdings (13) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | CVNA | 30.3% | $116M | |||
| 2 | META | 20.4% | $78M | |||
| 3 | CACC | 18.0% | $69M | |||
| 4 | IBKR | 12.8% | $49M | |||
| 5 | HTHT | 5.6% | $21M | |||
| 6 | YUMC | 4.2% | $16M | |||
| 7 | MSFT | 3.2% | $12M | |||
| 8 | GOOGL | 3.0% | $12M | |||
| 9 | DE | 0.8% | $3M | |||
| 10 | PAYC | 0.7% | $3M | |||
| 11 | CRM | 0.6% | $2M | |||
| 12 | MORN | 0.2% | $577K | |||
| 13 | SPOT | 0.1% | $230K |
- 1CVNAport30.3%val$116MCarvana COthis Q hold·21q
- 2METAport20.4%val$78MMeta Platforms Inc-class Athis Q hold·31q
- 3CACCport18.0%val$69MCredit Acceptance Corpthis Q hold·31q
- 4IBKRport12.8%val$49MInteractive Brokers Gro-cl Athis Q -26%·14q
- 5HTHTport5.6%val$21MH World Group Ltd-adrthis Q hold·8q
- 6YUMCport4.2%val$16MYum China Holdings Incthis Q hold·8q
- 7MSFTport3.2%val$12MMicrosoft Corpthis Q +31%·7q
- port3.0%val$12MAlphabet Inc-cl Athis Q hold·11q
- 9DEport0.8%val$3MDeere & COthis Q hold·9q
- 10PAYCport0.7%val$3MPaycom Software Incthis Q hold·8q
- 11CRMport0.6%val$2MSalesforce Incthis Q hold·18q
- 12MORNport0.2%val$577KMorningstar Incthis Q hold·2q
- 13SPOTport0.1%val$230KSpotify Technology S Athis Q hold·2q
2026Q2 moves, by size (2)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| IBKR | Interactive Brokers Gro-cl A | TRIM | 12.8% | -26% | $49M |
| MSFT | Microsoft Corp | ADD | 3.2% | +31% | $12M |
- TRIMIBKR12.8%Interactive Brokers Gro-cl AΔ -26%·$49M
- ADDMSFT3.2%Microsoft CorpΔ +31%·$12M
About Robert Vinall
Robert Vinall runs RV Capital, a Gießen-based independent investment partnership that manages a publicly available fund (Business Owner Fund) alongside separately managed accounts, giving it an unusual degree of transparency for a European manager of its size. His approach is concentrated, long-only, and explicitly modeled on owner-operated businesses with durable competitive advantages — the 13F reflects that directly, with five positions accounting for roughly 87% of the disclosed $383M U.S. equity book. Vinall writes detailed annual letters that function as genuine investment theses rather than performance attribution boilerplate, and that paper trail makes his reasoning unusually auditable over time. Because the portfolio is long-only and U.S.-listed equity positions dominate the disclosed holdings, the 13F is a reasonably faithful snapshot — the principal caveat is the standard 45-day lag and that non-U.S. listed positions (European equities, if held) would not appear here at all.
2026Q2 brief
Robert Vinall's RV Capital ran a 13-position, $380M portfolio in 2026Q2 with no new initiations and a characteristically static posture — the hallmark of his long-duration, business-quality-first approach. The sole add was MSFT (+31.3% to 3.2%), a modest conviction increase in a position that sits well below his core three. The only trim was IBKR (Interactive Brokers, −26.0% to 12.8%), potentially harvesting gains after a strong run or modest rebalancing into the rest of the book. The portfolio remains dominated by three extraordinary-return businesses: CVNA (Carvana, 30.3%), META (20.4%), and CACC (Credit Acceptance Corp, 18.0%) — together representing nearly 69% of assets. The China exposure through HTHT (H World Group, 5.6%) and YUMC (Yum China, 4.2%) adds a contrarian emerging-market consumer layer. Vinall's unwillingness to exit or rotate despite a volatile macro environment underscores genuine long-term conviction. The concentration in CVNA at nearly a third of the portfolio is the single biggest risk factor to monitor. Watch whether IBKR is trimmed further next quarter, or whether the proceeds fund a new high-conviction initiation.
AI-generated. Not investment advice.
Filing history
Robert Vinall's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 13 | $383M |
| Q1 2026 — what changed → | 13 | $383M |
| Q4 2025 — what changed → | 12 | $430M |
| Q3 2025 — what changed → | 13 | $546M |
| Q2 2025 — what changed → | 12 | $540M |
| Q1 2025 holdings | 11 | $453M |
| Q4 2024 holdings | 11 | $467M |
| Q3 2024 holdings | 11 | $485M |
| Q2 2024 holdings | 8 | $416M |
| Q1 2024 holdings | 6 | $374M |
| Q4 2023 holdings | 8 | $346M |
| Q3 2023 holdings | 8 | $328M |
Values as disclosed at each quarter end. Older filings on EDGAR.
Multibaggers Robert Vinall held
Stocks up 5x or more since Robert Vinall first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.
- CVNA13.4xCARVANA CO18q straight · peak 31.83% · still holds
- MSFT11.2xMICROSOFT CORP6q straight · peak 2.46% · still holds
- IBKR11.2xINTERACTIVE BROKERS GRO-CL A13q straight · peak 13.36% · still holds
- GOOGL10.1xALPHABET INC-CL A6q straight · peak 18.51% · still holds
- META10.0xMETA PLATFORMS INC-CLASS A30q straight · peak 31.46% · still holds
- DE8.6xDEERE & CO8q straight · peak 0.74% · still holds
Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Robert Vinall's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →
Frequently asked questions
- What stocks does Robert Vinall own?
- As of 2026Q2, Robert Vinall's 13F discloses 13 positions worth $383M. The top five holdings: CVNA (30.3%), META (20.4%), CACC (18.0%), IBKR (12.8%), HTHT (5.6%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Robert Vinall buy this quarter?
- In 2026Q2, the filing shows 0 new positions and 1 addition to existing holdings. The largest positions touched by buying: MSFT.
- How big is Robert Vinall's portfolio?
- $383M across 13 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 87% of the disclosed book.
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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001766596). Not investment advice.