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Adviser Profile

As of Date 04/17/2024
Adviser Type - Large advisory firm
Number of Employees 2
of those in investment advisory functions 2
Registration SEC, Approved, 4/27/2018
Other registrations (1)
AUM* 422,478,667 0.79%
of that, discretionary 422,478,667 0.79%
Private Fund GAV* 422,478,667 0.79%
Avg Account Size 140,826,222 0.79%
SMA’s No
Private Funds 3
Contact Info 773 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
435M 373M 310M 248M 186M 124M 62M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$422,478,667

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Top Holdings

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Stck Ticker594918104 Stock NameMICROSOFT CORP $ Position$37,096,850 % Position19.00% $ Change6.00% # Change0.00%
Stck Ticker143130102 Stock NameCARMAX INC $ Position$34,469,800 % Position18.00% $ Change-14.00% # Change2.00%
Stck TickerM22465104 Stock NameCHECK POINT SOFTWARE TECHNOLOGY LT $ Position$26,400,000 % Position14.00% $ Change1.00% # Change0.00%
Stck Ticker82710M100 Stock NameSILK RD MED INC $ Position$23,254,508 % Position12.00% $ Change48.00% # Change0.00%
Stck Ticker75513E101 Stock NameRTX CORPORATION $ Position$16,564,350 % Position9.00% $ Change3.00% # Change0.00%
Stck Ticker093671105 Stock NameBLOCK H & R INC $ Position$2,874,190 % Position2.00% $ Change10.00% # Change0.00%

Brochure Summary

Overview

Rings Capital Management LLC (the “Registrant”) is a Delaware limited liability company formed December 17, 2012. Dan Juran is the managing member and sole owner of the Registrant. Framtiden Management Company, LLC (the “Relying Adviser”), a Delaware limited liability company formed August 29, 2018, is an affiliated relying adviser of the Registrant. Dan Juran is the managing member of the Relying Adviser which is co-owned by K. Chris Anderson who is a member. The Registrant serves as the general partner and investment adviser to Framtiden LP (“Framtiden” or “FLP”) and First Framtiden LP (“First Framtiden” or “FFLP”), two Delaware private investment limited partnerships, since March 1, 2016. FLP and FFLP were formed in October 1998 and capitalized in January 1999. Dan Juran served as the general partner of FLP and FFLP from their formation until the Registrant became the general partner on March 1, 2016. The Relying Adviser serves as the investment adviser to Framtiden Holdings LP (“Framtiden Holdings” or “FHLP”), a Delaware private investment limited partnership formed in August 2018 and capitalized in July 2019. Framtiden Capital Company, LLC, a Delaware limited liability company formed August 29, 2018, serves as the general partner of FHLP. Dan Juran is the managing member of the general partner which is co-owned by K. Chris Anderson who is a member. FLP, FFLP, and FHLP (each, a “Partnership,”
collectively, the “Partnerships”) share the same investment approach. Dan Juran has ultimate investment authority for all three vehicles. The Partnerships are offering limited partnership interests to certain qualified investors as described in the response to Item 7 (such investors or prospective investors are referred herein as the “Investors”). The Registrant supervises all aspects of the Partnerships’ operations. The Registrant (or the Relying Adviser in the case of FHLP) manages each Partnership pursuant to the investment strategy set forth in such Partnership’s limited partnership agreement and private placement memorandum. The Registrant and Relying Adviser have the authority to select which and how many securities and other instruments to buy or sell without consultation with Limited Partners in the Partnerships. The Registrant and the Relying Adviser do not currently act in an investment advisory capacity outside of such capacities related to the Partnerships. The Registrant and the Relying Adviser may in the future act as the general partner or investment manager of other investment funds and managed accounts (collectively with the Partnerships, the “Clients”). As of December 31, 2023, the Registrant and the Relying Adviser together manage $422.4 million on a discretionary basis. The Registrant and the Relying Adviser do not manage any assets on a non-discretionary basis.