Rings Capital Management LLC
•CIK: 1771122•Filing: Q4 2025
**Rings Capital Management LLC** is a focused, multi-sector hedge fund managing $201M across a concentrated portfolio of seven positions. The fund exhibits significant conviction in technology and industrials, with its top holdings including DUT at $61.3M and MSFT at $40.1M. Further allocations are notable in KMX ($36.7M) and RTX ($30.3M), suggesting targeted exposure to cyclical growth and established market leaders. This structure indicates a disciplined, high-conviction approach to capital deployment.
Total AUM
$201.2M
QoQ Performance
-5.5%
Positions
7
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
DUT
MSFT
KMX
RTX
CHKP
DUT30.5%
MSFT20.0%
KMX18.2%
RTX15.0%
CHKP14.8%
HRB1.1%
CB1A0.4%
📈 Biggest Buys
CB1A
CONSTELLATION BRANDS INC
NEW
0.4% of portfolio
📉 Biggest Sells
KMX
CARMAX INC
-11.6%
18.2% of portfolio
Sector Breakdown
Other65.0%
Technology20.0%
Industrial15.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW1 new position
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023