Reported portfolio
Robert Vinall
RV Capital AG
- Reported portfolio value
- $382,887,000
- Current positions
- 13
- Top five concentration
- 87.1%
- Largest position
- 30.3%
- New positions
- 0
- Closed positions
- 0
Reported holdings
| Company | Portfolio | Recent activity | Shares | Reported price | Reported value | Updated / source |
|---|---|---|---|---|---|---|
CVNA CARVANA CO | 30.31% | Added 367.3% | 1,763,296+1,385,998 | $66 | $116,060,000−$2,758,000 | 13F2026-06-30 ↗ |
META META PLATFORMS INC | 20.45% | Reduced 4.5% | 138,997−6,537 | $563 | $78,296,000−$5,017,000 | 13F2026-06-30 ↗ |
CACC CREDIT ACCEP CORP MICH | 18.01% | Reduced 12.8% | 108,272−15,888 | $637 | $68,941,000+$16,244,000 | 13F2026-06-30 ↗ |
IBKR INTERACTIVE BROKERS GROUP IN | 12.75% | Reduced 26.0% | 561,086−196,833 | $87 | $48,837,000−$2,274,000 | 13F2026-06-30 ↗ |
HTHT H WORLD GROUP LTD | 5.59% | Reduced 8.1% | 513,413−44,967 | $42 | $21,420,000−$6,661,000 | 13F2026-06-30 ↗ |
YUMC YUM CHINA HLDGS INC | 4.25% | Reduced 5.6% | 398,021−23,518 | $41 | $16,267,000−$4,296,000 | 13F2026-06-30 ↗ |
MSFT MICROSOFT CORP | 3.22% | Added 31.2% | 33,100+7,880 | $373 | $12,347,000+$2,939,000 | 13F2026-06-30 ↗ |
GOOGL ALPHABET INC | 3.04% | Unchanged | 32,520 | $357 | $11,622,000+$2,270,000 | 13F2026-06-30 ↗ |
DE DEERE & CO | 0.83% | Unchanged | 5,001 | $634 | $3,172,000+$355,000 | 13F2026-06-30 ↗ |
PAYC PAYCOM SOFTWARE INC | 0.70% | Unchanged | 21,395 | $126 | $2,689,000+$12,000 | 13F2026-06-30 ↗ |
CRM SALESFORCE INC | 0.63% | Unchanged | 15,511 | $157 | $2,430,000−$465,000 | 13F2026-06-30 ↗ |
MORN MORNINGSTAR INC | 0.15% | Unchanged | 3,700 | $156 | $577,000−$77,000 | 13F2026-06-30 ↗ |
SPOT SPOTIFY TECHNOLOGY S A | 0.06% | Unchanged | 500 | $459 | $230,000−$13,000 | 13F2026-06-30 ↗ |
Reported price is calculated from the reported value and share count. It is not the investor's actual purchase price.
Filing history
Historical holdings
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 30.31% | 1,763,296 | $116,060,000 |
| META | META PLATFORMS INC | 20.45% | 138,997 | $78,296,000 |
| CACC | CREDIT ACCEP CORP MICH | 18.01% | 108,272 | $68,941,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 12.75% | 561,086 | $48,837,000 |
| HTHT | H WORLD GROUP LTD | 5.59% | 513,413 | $21,420,000 |
| YUMC | YUM CHINA HLDGS INC | 4.25% | 398,021 | $16,267,000 |
| MSFT | MICROSOFT CORP | 3.22% | 33,100 | $12,347,000 |
| GOOGL | ALPHABET INC | 3.04% | 32,520 | $11,622,000 |
| DE | DEERE & CO | 0.83% | 5,001 | $3,172,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.70% | 21,395 | $2,689,000 |
| CRM | SALESFORCE INC | 0.63% | 15,511 | $2,430,000 |
| MORN | MORNINGSTAR INC | 0.15% | 3,700 | $577,000 |
| SPOT | SPOTIFY TECHNOLOGY S A | 0.06% | 500 | $230,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 31.05% | 377,298 | $118,818,000 |
| META | META PLATFORMS INC | 21.77% | 145,534 | $83,313,000 |
| CACC | CREDIT ACCEP CORP MICH | 13.77% | 124,160 | $52,697,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 13.36% | 757,919 | $51,111,000 |
| HTHT | H WORLD GROUP LTD | 7.34% | 558,380 | $28,081,000 |
| YUMC | YUM CHINA HLDGS INC | 5.37% | 421,539 | $20,563,000 |
| MSFT | MICROSOFT CORP | 2.46% | 25,220 | $9,408,000 |
| GOOGL | ALPHABET INC | 2.44% | 32,520 | $9,351,000 |
| CRM | SALESFORCE INC | 0.76% | 15,511 | $2,895,000 |
| DE | DEERE & CO | 0.74% | 5,001 | $2,817,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.70% | 21,395 | $2,677,000 |
| MORN | MORNINGSTAR INC | 0.17% | 3,700 | $654,000 |
| SPOT | SPOTIFY TECHNOLOGY S A | 0.06% | 500 | $242,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 29.81% | 303,403 | $128,042,000 |
| META | META PLATFORMS INC | 20.95% | 136,311 | $89,978,000 |
| CACC | CREDIT ACCEP CORP MICH | 13.47% | 130,431 | $57,841,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 11.27% | 752,478 | $48,392,000 |
| WIX | WIX COM LTD | 7.62% | 314,996 | $32,725,000 |
| HTHT | H WORLD GROUP LTD | 6.61% | 603,416 | $28,391,000 |
| YUMC | YUM CHINA HLDGS INC | 4.94% | 444,321 | $21,212,000 |
| GOOGL | ALPHABET INC | 2.37% | 32,520 | $10,179,000 |
| MSFT | MICROSOFT CORP | 1.29% | 11,500 | $5,562,000 |
| CRM | SALESFORCE INC | 0.68% | 10,980 | $2,909,000 |
| DE | DEERE & CO | 0.54% | 5,001 | $2,328,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.46% | 12,395 | $1,975,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 30.75% | 445,255 | $167,968,000 |
| META | META PLATFORMS INC | 18.78% | 139,712 | $102,602,000 |
| CACC | CREDIT ACCEP CORP MICH | 11.15% | 130,431 | $60,902,000 |
| WIX | WIX COM LTD | 10.24% | 314,996 | $55,953,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 10.07% | 799,267 | $54,998,000 |
| PDD | PDD HOLDINGS INC | 7.29% | 301,232 | $39,814,000 |
| HTHT | H WORLD GROUP LTD | 4.32% | 603,416 | $23,600,000 |
| YUMC | YUM CHINA HLDGS INC | 3.49% | 444,321 | $19,070,000 |
| GOOGL | ALPHABET INC | 1.45% | 32,520 | $7,906,000 |
| MSFT | MICROSOFT CORP | 1.09% | 11,500 | $5,956,000 |
| CRM | SALESFORCE INC | 0.48% | 10,980 | $2,602,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.47% | 12,395 | $2,580,000 |
| DE | DEERE & CO | 0.42% | 5,001 | $2,287,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 31.83% | 510,352 | $171,968,000 |
| META | META PLATFORMS INC | 19.54% | 142,988 | $105,538,000 |
| CACC | CREDIT ACCEP CORP MICH | 12.16% | 128,929 | $65,680,000 |
| WIX | WIX COM LTD | 9.91% | 338,000 | $53,559,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 8.72% | 849,920 | $47,094,000 |
| PDD | PDD HOLDINGS INC | 6.50% | 335,569 | $35,121,000 |
| HTHT | H WORLD GROUP LTD | 4.14% | 659,652 | $22,375,000 |
| YUMC | YUM CHINA HLDGS INC | 4.07% | 492,265 | $22,009,000 |
| GOOGL | ALPHABET INC | 1.06% | 32,520 | $5,731,000 |
| MSFT | MICROSOFT CORP | 1.06% | 11,500 | $5,720,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.53% | 12,395 | $2,868,000 |
| DE | DEERE & CO | 0.47% | 5,001 | $2,543,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 25.27% | 547,514 | $114,474,000 |
| META | META PLATFORMS INC | 18.19% | 142,988 | $82,413,000 |
| CACC | CREDIT ACCEP CORP MICH | 14.70% | 128,929 | $66,572,000 |
| WIX | WIX COM LTD | 12.19% | 338,000 | $55,222,000 |
| PDD | PDD HOLDINGS INC | 8.77% | 335,569 | $39,715,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 7.77% | 212,480 | $35,185,000 |
| YUMC | YUM CHINA HLDGS INC | 5.66% | 492,265 | $25,627,000 |
| HTHT | H WORLD GROUP LTD | 5.39% | 659,652 | $24,414,000 |
| MSFT | MICROSOFT CORP | 0.95% | 11,500 | $4,317,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.60% | 12,395 | $2,708,000 |
| DE | DEERE & CO | 0.52% | 5,001 | $2,347,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 23.86% | 547,514 | $111,342,000 |
| META | META PLATFORMS INC | 18.77% | 149,583 | $87,582,000 |
| WIX | WIX COM LTD | 16.54% | 359,780 | $77,191,000 |
| CACC | CREDIT ACCEP CORP MICH | 13.24% | 131,588 | $61,775,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 8.60% | 224,347 | $40,147,000 |
| PDD | PDD HOLDINGS INC | 7.18% | 345,489 | $33,509,000 |
| YUMC | YUM CHINA HLDGS INC | 5.40% | 522,729 | $25,180,000 |
| HTHT | H WORLD GROUP LTD | 4.36% | 616,337 | $20,358,000 |
| MSFT | MICROSOFT CORP | 1.04% | 11,500 | $4,847,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.54% | 12,395 | $2,541,000 |
| DE | DEERE & CO | 0.45% | 5,001 | $2,119,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 27.35% | 761,731 | $132,625,000 |
| META | META PLATFORMS INC | 17.66% | 149,583 | $85,627,000 |
| WIX | WIX COM LTD | 13.66% | 396,280 | $66,246,000 |
| CACC | CREDIT ACCEP CORP MICH | 12.27% | 134,188 | $59,502,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 9.07% | 315,547 | $43,975,000 |
| PDD | PDD HOLDINGS INC | 8.88% | 319,389 | $43,057,000 |
| YUMC | YUM CHINA HLDGS INC | 5.12% | 551,429 | $24,825,000 |
| HTHT | H WORLD GROUP LTD | 4.73% | 616,337 | $22,928,000 |
| DE | DEERE & CO | 0.43% | 5,001 | $2,087,000 |
| PAYC | PAYCOM SOFTWARE INC | 0.43% | 12,395 | $2,065,000 |
| CRM | SALESFORCE INC | 0.40% | 7,000 | $1,916,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CVNA | CARVANA CO | 25.38% | 819,631 | $105,503,000 |
| META | META PLATFORMS INC | 22.21% | 183,083 | $92,314,000 |
| CACC | CREDIT ACCEP CORP MICH | 17.05% | 137,688 | $70,865,000 |
| WIX | WIX COM LTD | 15.17% | 396,280 | $63,036,000 |
| PDD | PDD HOLDINGS INC | 10.16% | 317,689 | $42,237,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 9.14% | 309,947 | $38,000,000 |
| DE | DEERE & CO | 0.45% | 5,001 | $1,869,000 |
| CRM | SALESFORCE INC | 0.43% | 7,000 | $1,800,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| META | META PLATFORMS INC | 25.73% | 198,383 | $96,331,000 |
| CACC | CREDIT ACCEP CORP MICH | 20.28% | 137,688 | $75,942,000 |
| CVNA | CARVANA CO | 19.90% | 847,531 | $74,506,000 |
| WIX | WIX COM LTD | 15.83% | 431,280 | $59,292,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 9.25% | 309,947 | $34,624,000 |
| PDD | PDD HOLDINGS INC | 9.02% | 290,400 | $33,759,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 22.48% | 145,888 | $77,719,000 |
| META | META PLATFORMS INC | 20.31% | 198,383 | $70,220,000 |
| WIX | WIX COM LTD | 15.95% | 448,287 | $55,148,000 |
| CRM | SALESFORCE INC | 14.22% | 186,849 | $49,167,000 |
| CVNA | CARVANA CO | 10.96% | 715,412 | $37,874,000 |
| PDD | PDD HOLDINGS INC | 8.43% | 199,100 | $29,130,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 7.43% | 309,947 | $25,695,000 |
| TRUP | TRUPANION INC | 0.22% | 25,000 | $763,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| META | META PLATFORMS INC | 24.60% | 268,583 | $80,631,000 |
| CACC | CREDIT ACCEP CORP MICH | 22.14% | 157,696 | $72,559,000 |
| CRM | SALESFORCE INC | 18.24% | 294,843 | $59,788,000 |
| WIX | WIX COM LTD | 13.06% | 466,300 | $42,806,000 |
| CVNA | CARVANA CO | 8.15% | 636,135 | $26,705,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 7.63% | 288,747 | $24,994,000 |
| PDD | PDD HOLDINGS INC | 5.96% | 199,100 | $19,526,000 |
| TRUP | TRUPANION INC | 0.22% | 25,000 | $705,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 28.63% | 172,846 | $87,794,000 |
| META | META PLATFORMS INC | 25.19% | 269,100 | $77,226,000 |
| CRM | SALESFORCE INC | 20.57% | 298,543 | $63,070,000 |
| WIX | WIX COM LTD | 11.63% | 455,800 | $35,662,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 7.82% | 288,747 | $23,986,000 |
| CVNA | CARVANA CO | 6.00% | 709,835 | $18,399,000 |
| TRUP | TRUPANION INC | 0.16% | 25,000 | $492,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 28.09% | 169,346 | $73,842,000 |
| CRM | SALESFORCE INC | 23.05% | 303,243 | $60,582,000 |
| META | META PLATFORMS INC | 22.10% | 274,100 | $58,093,000 |
| WIX | WIX COM LTD | 17.31% | 455,800 | $45,489,000 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 6.40% | 203,747 | $16,821,000 |
| CVNA | CARVANA CO | 2.64% | 709,835 | $6,949,000 |
| TRUP | TRUPANION INC | 0.41% | 25,000 | $1,072,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 46.85% | 195,246 | $92,625,000 |
| CRM | SALESFORCE INC | 20.33% | 303,243 | $40,207,000 |
| WIX | WIX COM LTD | 17.71% | 455,800 | $35,019,000 |
| META | META PLATFORMS INC | 12.81% | 210,400 | $25,320,000 |
| CVNA | CARVANA CO | 1.70% | 709,835 | $3,365,000 |
| TRUP | TRUPANION INC | 0.60% | 25,000 | $1,188,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 40.82% | 195,246 | $85,518,000 |
| CRM | SALESFORCE INC | 20.95% | 305,143 | $43,892,000 |
| WIX | WIX COM LTD | 17.02% | 455,800 | $35,657,000 |
| META | META PLATFORMS INC | 13.63% | 210,400 | $28,547,000 |
| CVNA | CARVANA CO | 6.88% | 709,835 | $14,410,000 |
| TRUP | TRUPANION INC | 0.71% | 25,000 | $1,486,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 42.32% | 198,446 | $93,946,000 |
| CRM | SALESFORCE INC | 23.36% | 314,143 | $51,846,000 |
| META | META PLATFORMS INC | 15.14% | 208,400 | $33,605,000 |
| WIX | WIX COM LTD | 13.31% | 450,800 | $29,550,000 |
| CVNA | CARVANA CO | 5.26% | 517,335 | $11,681,000 |
| TRUP | TRUPANION INC | 0.60% | 22,200 | $1,338,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 33.39% | 195,946 | $107,843,000 |
| CRM | SALESFORCE COM INC | 20.82% | 316,743 | $67,251,000 |
| CVNA | CARVANA CO | 18.28% | 494,935 | $59,041,000 |
| WIX | WIX COM LTD | 14.58% | 450,800 | $47,091,000 |
| META | META PLATFORMS INC | 12.59% | 182,900 | $40,670,000 |
| TRUP | TRUPANION INC | 0.32% | 11,700 | $1,043,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 34.38% | 193,158 | $132,831,000 |
| CRM | SALESFORCE COM INC | 20.98% | 318,943 | $81,053,000 |
| META | META PLATFORMS INC | 19.45% | 223,400 | $75,141,000 |
| WIX | WIX COM LTD | 16.80% | 411,400 | $64,915,000 |
| CVNA | CARVANA CO | 7.98% | 133,035 | $30,836,000 |
| TRUP | TRUPANION INC | 0.40% | 11,700 | $1,545,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 36.40% | 213,995 | $125,251,000 |
| CRM | SALESFORCE COM INC | 23.43% | 297,308 | $80,636,000 |
| META | FACEBOOK INC | 21.17% | 214,600 | $72,833,000 |
| WIX | WIX COM LTD | 19.00% | 333,700 | $65,395,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CACC | CREDIT ACCEP CORP MICH | 26.90% | 221,495 | $100,583,000 |
| WIX | WIX COM LTD | 25.91% | 333,700 | $96,866,000 |
| META | FACEBOOK INC | 19.96% | 214,600 | $74,619,000 |
| CRM | SALESFORCE COM INC | 14.34% | 219,513 | $53,620,000 |
| WORK | SLACK TECHNOLOGIES INC | 12.89% | 1,088,058 | $48,201,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| WIX | WIX COM LTD | 26.98% | 301,800 | $84,269,000 |
| CACC | CREDIT ACCEP CORP MICH | 24.65% | 213,695 | $76,979,000 |
| META | FACEBOOK INC | 19.81% | 210,100 | $61,881,000 |
| CRM | SALESFORCE COM INC | 14.89% | 219,513 | $46,508,000 |
| WORK | SLACK TECHNOLOGIES INC | 13.67% | 1,050,558 | $42,684,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| META | FACEBOOK INC | 24.32% | 253,000 | $69,109,000 |
| CACC | CREDIT ACCEP CORP MICH | 24.03% | 197,300 | $68,293,000 |
| WIX | WIX COM LTD | 23.21% | 263,800 | $65,939,000 |
| WORK | SLACK TECHNOLOGIES INC | 15.11% | 1,016,800 | $42,950,000 |
| TRUP | TRUPANION INC | 13.33% | 316,298 | $37,864,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| WIX | WIX COM LTD | 25.17% | 263,800 | $67,229,000 |
| META | FACEBOOK INC | 24.80% | 253,000 | $66,261,000 |
| CACC | CREDIT ACCEP CORP MICH | 23.20% | 183,000 | $61,971,000 |
| TRUP | TRUPANION INC | 21.23% | 719,000 | $56,729,000 |
| WORK | SLACK TECHNOLOGIES INC | 5.60% | 557,000 | $14,961,000 |
Investor background
Robert Vinall
“Investing like an owner in businesses run by an engaged and rational owner with the capital of investors who think like an owner.”
Robert Vinall is the founder and managing director of RV Capital and the investment adviser to the Business Owner Fund. A Cambridge graduate and CFA charterholder, he began his career at Goldman Sachs Asset Management in 1997, moved to DG Bank—later DZ Bank—as a telecommunications analyst, and joined the activist-oriented CDL Principal Investors in Switzerland in 2004. He founded RV Capital in 2006 and launched the Business Owner Fund with the backing of German entrepreneur and investor Norman Rentrop on 30 September 2008, two weeks after the collapse of Lehman Brothers.
Vinall’s investment development followed three broad stages. He began by purchasing companies below net cash or liquidation value, but discovered that business quality mattered more than the size of the statistical discount. He then focused on competitive advantages and long-term economics. Finally, he placed managers and controlling owners at the centre of the process after observing that the best investment outcomes were often driven by acquisitions, products and markets that could not have been forecast at the time of purchase. His conclusion was that when the decisive future factors remain unseen, the investor must partner with managers whose character, judgment and motivation can be trusted.
RV Capital invests globally and normally owns around ten companies. A prospective investment must be capable of flourishing for at least another decade, be strengthening its competitive advantage, be led by management that sets the right example, and trade at an attractive price. Vinall particularly values founder-led or owner-oriented managers who regard the company as their life’s work. His approach is concentrated but not static: he moved beyond German small caps, rejected low-multiple orthodoxy, invested in Google and Baidu, and shifted his attention from the current width of a moat toward whether it is expanding.
Vinall qualifies as a super investor because the philosophy is supported by a long and observable record. Through 2025, the Business Owner Fund compounded at 16.4% annually from its September 2008 inception, compared with 7.6% for its published DAX comparison. His letters are unusually valuable because they revisit both successful investments and errors, including premature sales, Carvana’s financing risks and the unsuccessful investment in Ryman Healthcare.
He remains the identifiable decision-maker behind the Business Owner Fund. Andreas Lechner is RV Capital’s co-managing director and an important research partner, but Vinall has stated that they make their investment decisions separately and that he continues to advise Business Owner. The fund’s administration moved to Axxion in 2025 without transferring the core investment responsibility.
- RV Capital — Investor Letters ↗
- RV Capital — Official Podcast Page ↗
- The Rob Vinall Podcast — Apple Podcasts ↗
- Robert Vinall — Official YouTube Channel ↗
- Business Owner Fund — 10-Year Anniversary Memo ↗
- Manual of Ideas — Interview with Robert Vinall ↗
- Some Thoughts on Becoming an Independent Fund Manager — Robert Vinall ↗
- Good Investing — Interview and Resources on Robert Vinall ↗
- Axxion — Business Owner Fund Information ↗