Robert Vinall
RV Capital GmbH
Robert Vinall (RV Capital GmbH) discloses a $383M portfolio across 13 US-listed positions in the latest 13F filing (2026Q1, filed May 11, 2026). The largest holding is CVNA at 31.1% of the book. The biggest move of the quarter: added 24% to the CVNA share count (position now $119M). Latticework's clone backtest puts this 13F book at +7.1%/yr vs SPY over 7.3 years.
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.
2026Q1 brief
Robert Vinall runs one of the most concentrated books in the super-investor universe—13 positions, $380M, with the top five at 87%—and Q1 2026 underscores his conviction approach. The headline move is a further +24% add to CVNA (now a staggering 31% of the portfolio), making Carvana the single largest position by a wide margin and a defining bet for RV Capital. He also more than doubled MSFT (+119%, now 2.5%) and raised PAYC +73% and CRM +41%, leaning into high-quality software at a moment when many peers are trimming tech. The complete exit from WIX (which was 7.6% last quarter) is notable—Vinall apparently sees better risk/reward elsewhere in the software stack. Tiny new positions in MORN (0.17%) and SPOT (0.06%) look like early-stage research starters. META at 21.8% and CACC at 13.8% round out his mega-conviction cluster. Watch next filing: whether CVNA approaches or breaches 35% of the portfolio, which would be an extraordinary concentration signal, and whether MORN or SPOT graduate to meaningful weights.
AI-generated. Not investment advice.
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Holdings (13) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | CVNA | 31.1% | $119M | |||
| 2 | META | 21.8% | $83M | |||
| 3 | CACC | 13.8% | $53M | |||
| 4 | IBKR | 13.4% | $51M | |||
| 5 | HTHT | 7.3% | $28M | |||
| 6 | YUMC | 5.4% | $21M | |||
| 7 | MSFT | 2.5% | $9M | |||
| 8 | GOOGL | 2.4% | $9M | |||
| 9 | CRM | 0.8% | $3M | |||
| 10 | DE | 0.7% | $3M | |||
| 11 | PAYC | 0.7% | $3M | |||
| 12 | MORN | 0.2% | $654K | |||
| 13 | SPOT | 0.1% | $242K |
- 1CVNAport31.1%val$119MCarvana COthis Q +24%·20q
- 2METAport21.8%val$83MMeta Platforms Inc-class Athis Q hold·30q
- 3CACCport13.8%val$53MCredit Acceptance Corpthis Q hold·30q
- 4IBKRport13.4%val$51MInteractive Brokers Gro-cl Athis Q hold·13q
- 5HTHTport7.3%val$28MH World Group Ltd-adrthis Q hold·7q
- 6YUMCport5.4%val$21MYum China Holdings Incthis Q hold·7q
- 7MSFTport2.5%val$9MMicrosoft Corpthis Q +119%·6q
- port2.4%val$9MAlphabet Inc-cl Athis Q hold·10q
- 9CRMport0.8%val$3MSalesforce Incthis Q +41%·17q
- 10DEport0.7%val$3MDeere & COthis Q hold·8q
- 11PAYCport0.7%val$3MPaycom Software Incthis Q +73%·7q
- 12MORNport0.2%val$654KMorningstar Incthis Q New·—1q
- 13SPOTport0.1%val$242KSpotify Technology S Athis Q New·—1q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| CVNA | Carvana CO | ADD | 31.1% | +24% | $119M |
| WIX | Wix Com Ltd | EXIT | 7.6% | -100% | $0 |
| MSFT | Microsoft Corp | ADD | 2.5% | +119% | $9M |
| CRM | Salesforce Inc | ADD | 0.8% | +41% | $3M |
| PAYC | Paycom Software Inc | ADD | 0.7% | +73% | $3M |
| MORN | Morningstar Inc | NEW | 0.2% | +100% | $654K |
| SPOT | Spotify Technology S A | NEW | 0.1% | +100% | $242K |
- ADDCVNA31.1%Carvana COΔ +24%·$119M
- EXITWIX7.6%Wix Com LtdΔ -100%·$0
- ADDMSFT2.5%Microsoft CorpΔ +119%·$9M
- ADDCRM0.8%Salesforce IncΔ +41%·$3M
- ADDPAYC0.7%Paycom Software IncΔ +73%·$3M
- NEWMORN0.2%Morningstar IncΔ +100%·$654K
- NEWSPOT0.1%Spotify Technology S AΔ +100%·$242K
Frequently asked questions
- What stocks does Robert Vinall own?
- As of 2026Q1, Robert Vinall's 13F discloses 13 positions worth $383M. The top five holdings: CVNA (31.1%), META (21.8%), CACC (13.8%), IBKR (13.4%), HTHT (7.3%). 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 2026Q1, the filing shows 2 new positions and 4 additions to existing holdings. The largest positions touched by buying: CVNA, MSFT, CRM, PAYC, MORN.
- How big is Robert Vinall's portfolio?
- $383M across 13 positions per the latest 13F (filed May 11, 2026). The top five holdings account for 87% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001766596). Not investment advice.