Rheos Capital Works Inc.

Overview

Established in April 2003, Rheos Capital Works Inc. is a privately owned investment manager headquartered in Tokyo, Japan. The firm specializes in equity portfolio management and investment advisory services, catering to both domestic and international financial institutions and pension funds. Rheos manages separate client-focused equity portfolios and operates the investment trusts 'Hifumi Investment Trust' and 'Hifumi Plus'. Rheos Capital Works employs a microcap strategy, investing in companies with market capitalizations below 30 billion yen, and a small mid-cap strategy for companies between 30 billion and 300 billion yen. The firm also utilizes a long-short investment strategy, combining qualitative and quantitative techniques with a bottom-up stock-picking approach, supported by in-house research to inform its investment decisions. As of September 30, 2025, Rheos Capital Works reported a portfolio valued at $2 billion, comprising 62 equity positions. The firm's top holdings include Ferrari N.V., Boeing Co., Amazon.com Inc., D.R. Horton Inc., and NVIDIA Corporation. The portfolio is diversified across various sectors, including technology, consumer cyclical, industrials, communication services, consumer defensive, financial services, healthcare, and basic materials. In December 2025, Rheos Capital Works became a group company of SBI Global Asset Management, marking a significant development in the firm's corporate structure. This strategic move is expected to enhance Rheos's capabilities in providing optimal asset management solutions to its clients. Rheos Capital Works is led by Representative Director and President Hideto Fujino, with Mitsuhiro Yuasa serving as Representative Director and Deputy President, Chief Investment Officer (CIO). The firm's management team also includes Senior Managing Director Miki Shiramizu, Managing Director & CCO Takeshi Nakamichi, and Directors Nobuyuki Hiratsuka and Takayuki Nakagawa. Corporate Auditors are Shuzo Takami and Osamu Takahashi. Please note that the information provided is based on the latest available data as of February 28, 2026, and may be subject to change.