Rings Capital Management LLC Long-Term Concentrated

Location: Chicago, IL

CIK: 0001771122 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $201M (100.0% shares, 0.0% debt)

Holdings (7)

MCO MOODYS CORP 30.5%

Value $61.3M Shares 120,000 Est. Cost $266.40 Unrealized +82.9%

MSFT MICROSOFT CORP 20.0%

Value $40.14M Shares 83,000 Est. Cost $100.00 Unrealized +400.6%

KMX CARMAX INC 18.2%

Value $36.67M Shares 949,000 Est. Cost $64.07 Unrealized -37.6%

RTX RTX CORPORATION 15.0%

Value $30.26M Shares 165,000 Est. Cost $75.63 Unrealized +129.2%

CHKP CHECK POINT SOFTWARE TECHNOLOGY LT 14.8%

Value $29.69M Shares 160,000 Est. Cost $127.24 Unrealized +52.0%

HRB BLOCK H & R INC 1.1%

Value $2.31M Shares 53,000 Est. Cost $13.99 Unrealized +231.7%

STZ CONSTELLATION BRANDS INC 0.4%

Value $828K Shares 6,000 Est. Cost $136.84 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MCO	MOODYS CORP	120,000	$61.3M	30.5%	$266.40	+82.9%	COM	615369105
MSFT	MICROSOFT CORP	83,000	$40.14M	20.0%	$100.00	+400.6%	COM	594918104
KMX	CARMAX INC	949,000	$36.67M	18.2%	$64.07	-37.6%	COM	143130102
RTX	RTX CORPORATION	165,000	$30.26M	15.0%	$75.63	+129.2%	COM	75513E101
CHKP	CHECK POINT SOFTWARE TECHNOLOGY LT	160,000	$29.69M	14.8%	$127.24	+52.0%	ORD	M22465104
HRB	BLOCK H & R INC	53,000	$2.31M	1.1%	$13.99	+231.7%	COM	093671105
STZ	CONSTELLATION BRANDS INC	6,000	$828K	0.4%	$136.84	0.0%	CL A	21036P108