Insightful Q3 2024 N-PORT Filing Reveals Key Investment Moves
Wasatch International Growth (Trades, Portfolio), known for its keen focus on high-quality small-cap growth companies outside the U.S., recently disclosed its N-PORT filing for the third quarter of 2024. Since its inception on June 28, 2002, the fund has consistently pursued companies that exhibit potential for significant and sustained growth, strong management teams, and robust financial health among other criteria. Employing a meticulous bottom-up approach, Wasatch International Growth (Trades, Portfolio) engages in deep due diligence and builds proprietary earnings models to ensure each investment aligns with its strategic vision.
Summary of New Buys
During the third quarter of 2024, Wasatch International Growth (Trades, Portfolio) expanded its portfolio by adding four new stocks. Notably, the fund took a significant position in Cholamandalam Financial Holdings Ltd (NSE:CHOLAHLDNG, Financial), purchasing 172,261 shares, which now constitute 1.44% of the portfolio, valued at ₹4.2 billion. Other key additions include:
- Gudeng Precision Industrial Co Ltd (ROCO:3680, Financial) with 141,993 shares, making up 0.87% of the portfolio, valued at NT$25.3 million.
- Carel Industries SpA (MIL:CRL, Financial) with 72,877 shares, accounting for 0.54% of the portfolio, valued at €1.59 million.
Key Position Increases
The fund also strategically increased its holdings in several companies. The most significant increase was in BayCurrent Inc (TSE:6532, Financial), where it added 56,900 shares, bringing the total to 271,700 shares. This adjustment increased the share count by 26.49% and had a 0.72% impact on the current portfolio, with a total value of ¥997.7 million. Another notable increase was in Diasorin SpA (MIL:DIA, Financial), with an additional 4,624 shares, bringing the total to 53,298, valued at €6.23 million.
Summary of Sold Out Positions
Wasatch International Growth (Trades, Portfolio) exited six positions in this quarter, including:
- Airtac International Group (TPE:1590, Financial), where all 118,000 shares were sold, impacting the portfolio by -1.2%.
- Kinaxis Inc (TSX:KXS, Financial), with all 15,208 shares liquidated, causing a -0.59% portfolio impact.
Key Position Reductions
The fund reduced its stakes in 49 stocks. Significant reductions include:
- Stabilus SE (XTER:STM, Financial) by 70,612 shares, resulting in an 84.48% decrease in shares and a -1.08% impact on the portfolio. The stock traded at an average price of €41.01 during the quarter and has returned -16.31% over the past three months and -38.44% year-to-date.
- The Descartes Systems Group Inc (TSX:DSG, Financial) by 32,142 shares, resulting in a 26.37% reduction in shares and a -1.04% impact on the portfolio. The stock traded at an average price of C$135.68 during the quarter and has returned 7.46% over the past three months and 33.36% year-to-date.
Portfolio Overview
As of the third quarter of 2024, Wasatch International Growth (Trades, Portfolio)'s portfolio comprised 60 stocks. The top holdings included 4.16% in Diploma PLC (LSE:DPLM, Financial), 3.76% in MonotaRO Co Ltd (TSE:3064, Financial), and 3.55% in Japan Elevator Service Holdings Co Ltd (TSE:6544, Financial). The holdings are predominantly concentrated in nine industries, including Technology and Financial Services.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
