GOBI CAPITAL LLC
Q4 2025 Form 13-F
SAN FRANCISCO, CALIFORNIA
CIK 0001698060
· CRD 151427
· SEC-registered investment adviser
$2.1B Reported Value Total
GOBI CAPITAL LLC reports 8 total accounts under management (AUM). There are 8 discretionary accounts valued at $2,689,434,344, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
3 funds
· $2.4B gross asset value
Hedge Fund: $2.4B
Source: Form ADV filed 2026-03-31
Reported value
$2.1B
Quarter over quarter
-3.1%
Holdings
12
Top-10 concentration
94.1%
Key People
Form ADV owners & control persons
Bo Leilei Shan
MANAGING MEMBER
Steven Yu-Chieh Chen
CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 17, 2026 |
| Form | 13F-HR |
| Reported value | $2.1B |
| Positions | 12 |
| Change in reported value | +0.2% |
| New positions | 1 |
| Exited positions | 1 |
| Position turnover | 15.4% |
| Top-10 concentration | 94.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
10 | $2.1B |
|
Q1 2026 13F
Filed May 15, 2026
|
10 | $1.8B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
12 | $2.1B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
12 | $2.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
12 | $2.0B |
|
Q1 2025 13F
Filed May 15, 2025
|
11 | $1.8B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
10 | $1.7B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
10 | $1.7B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
10 | $1.6B |
|
Q1 2024 13F
Filed May 15, 2024
|
11 | $1.6B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
11 | $1.4B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
10 | $1.4B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
10 | $1.5B |
|
Q1 2023 13F
Filed May 15, 2023
|
10 | $1.4B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
9 | $1.1B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
9 | $1.1B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
10 | $1.2B |
|
Q1 2022 13F
Filed May 16, 2022
|
11 | $1.7B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
12 | $2.0B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
13 | $1.9B |
19 earlier quarters on file — choose one from the quarter menu above.
Top 13 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | META META PLATFORMS INC | $463.4M | 22.47% |
| 2 | GOOG ALPHABET INC | $322.4M | 15.63% |
| 3 | HCA HCA HEALTHCARE INC | $188.6M | 9.15% |
| 4 | HEIA HEICO CORP NEW | $164.8M | 7.99% |
| 5 | CACC CREDIT ACCEP CORP MICH | $158.8M | 7.7% |
| 6 | MSCI MSCI INC | $147.2M | 7.14% |
| 7 | NFLX NETFLIX INC | $146.7M | 7.11% |
| 8 | UNH UNITEDHEALTH GROUP INC | $134.5M | 6.52% |
| 9 | BRO BROWN & BROWN INC | $113.9M | 5.52% |
| 10 | KARO KAROOOOO LTD | $100.1M | 4.86% |
| 11 | CPRT COPART INC | $61.7M | 2.99% |
| 12 | WBD C WARNER BROS DISCOVERY INC | $58.6M | 2.84% |
| 13 | JACK JACK IN THE BOX INC | $1.5M | 0.07% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.