Q2 2026 13F · SEC CIK 1771122
Rings Capital Management LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $196.5M
- Reported positions
- 7
- Top holdings a year, 3 yrs
- +13.3%
- Assets under management
- $653.0M
Rings Capital Management LLC is a hedge fund that reported 7 positions worth $196.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Moodys Corp (MCO, 27.7%), Carmax Inc (KMX, 25.5%), Rtx Corporation (RTX, 15.9%). A portfolio copying its top holdings returned 13.3% a year over the last 3 years, against 20.4% for the S&P 500.
Rings Capital Management LLC holdings all 7 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| MCOMoodys Corp | 27.7% | +0.0% | $54.4M |
| KMXCarmax Inc | 25.5% | +0.0% | $50.2M |
| RTXRtx Corporation | 15.9% | +0.0% | $31.3M |
| MSFTMicrosoft Corp | 15.8% | +0.0% | $31.0M |
| CHKPCheck Point Software Tech Lt | 10.7% | +0.0% | $21.0M |
| STZConstellation Brands Inc | 3.4% | +0.0% | $6.7M |
| HRBBlock H & R Inc Com | 1.0% | +0.0% | $2.0M |
What Rings Capital Management LLC bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
No position grew by more than 5%.
Reduced
No position shrank by more than 5%.
Sold out
Nothing sold out.
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +2.4% /yr
- S&P 500 +20.1%
- 3 years
- +13.3% /yr
- S&P 500 +20.4%
- 5 years
- +6.5% /yr
- S&P 500 +13.8%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $196.5M | 7 |
| Q1 2026 | $186.1M | 7 |
| Q4 2025 | $201.2M | 7 |
| Q3 2025 | $213.0M | 7 |
| Q2 2025 | $206.8M | 7 |
| Q1 2025 | $196.2M | 8 |
| Q4 2024 | $191.4M | 8 |
| Q3 2024 | $191.8M | 8 |
| Q2 2024 | $191.2M | 7 |
| Q1 2024 | $182.8M | 7 |
| Q4 2023 | $164.8M | 7 |
| Q3 2023 | $109.7M | 5 |
Questions about Rings Capital Management LLC's portfolio
What stocks does Rings Capital Management LLC own?
Rings Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 7 positions worth $196.5M. The largest are Moodys Corp (MCO) at 27.7%, Carmax Inc (KMX) at 25.5%, Rtx Corporation (RTX) at 15.9%, Microsoft Corp (MSFT) at 15.8% and Check Point Software Tech Lt (CHKP) at 10.7%.
What did Rings Capital Management LLC buy last quarter?
Rings Capital Management LLC opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.
What did Rings Capital Management LLC sell last quarter?
Rings Capital Management LLC sold out of nothing and cut no large position by more than 5% in Q2 2026.
How has Rings Capital Management LLC's portfolio performed?
A portfolio copying Rings Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +2.4% against +20.1%. Over 5 years: +6.5% a year against +13.8%.
When is Rings Capital Management LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Rings Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Rings Capital Management LLC manage?
Rings Capital Management LLC reported $653.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $196.5M.