Rings Capital Management

Dan Juran

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

7

Market Value

$196.5M

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$MCO

Moody's Corporation

27.6%

% of Portfolio

2

$KMX

CarMax, Inc.

25.5%

% of Portfolio

3

$RTX

RTX Corporation

15.9%

% of Portfolio

4

$MSFT

Microsoft Corporation

15.8%

% of Portfolio

5

$CHKP

Check Point Software Technologies Ltd.

10.7%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
MCO27.6%28.1%30.5%26.8%
KMX25.5%21.2%18.2%22.6%
RTX15.9%17.1%15.0%13.0%
MSFT15.8%16.5%19.9%20.2%
CHKP10.7%12.3%14.8%15.5%
STZ3.4%3.9%0.4%-
HRB1.0%0.9%1.1%1.3%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

MSFT+28.99%
RTX+11.89%
KMX+15.43%
MCO+10.12%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

CHKP-0.84%

Sector Analysis

Financials27.6%
Technology26.4%
Industrials15.9%
Consumer Staples3.4%
Consumer Discretionary26.6%

Trading Summary

No stocks in this category

All Holdings

1

$MCO

27.6%

2

$KMX

25.5%

3

$RTX

15.9%

4

$MSFT

15.8%

5

$CHKP

10.7%

6

$STZ

3.4%

7

$HRB

1.0%