Exploring the Latest Investment Adjustments by Hennessy Japan Fund (Trades, Portfolio)
Hennessy Japan Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, offering a glimpse into its strategic investment decisions during this period. Established on October 31, 2003, the Hennessy Japan Fund (Trades, Portfolio) aims for long-term capital appreciation by investing at least 80% of its net assets in equity securities of Japanese companies. The fund employs a consistent and repeatable investment process, combining time-tested, purely quantitative stock selection formulas with a highly disciplined, team-managed approach. The fund's strategy focuses on identifying good businesses with exceptional management that are trading at attractive prices. This involves rigorous, on-site research, emphasizing market growth potential, management quality, earnings quality, and balance sheet strength. The fund seeks arbitrage opportunities between a company's fundamental value and its market price, maintaining a concentrated portfolio of the managers' best ideas.
Key Position Increases
Hennessy Japan Fund (Trades, Portfolio) also increased stakes in a total of three stocks, among them:
- The most notable increase was in Renesas Electronics Corp (TSE:6723, Financial), with an additional 107,900 shares, bringing the total to 1,194,000 shares. This adjustment represents a significant 9.93% increase in share count, a 0.37% impact on the current portfolio, with a total value of ε15,997,600.
- The second largest increase was in Sony Group Corp (TSE:6758, Financial), with an additional 49,300 shares, bringing the total to 1,166,800. This adjustment represents a significant 4.41% increase in share count, with a total value of ε20,532,780.
Key Position Reduces
Hennessy Japan Fund (Trades, Portfolio) also reduced positions in 11 stocks. The most significant changes include:
- Reduced Fast Retailing Co Ltd (TSE:9983, Financial) by 10,100 shares, resulting in a -20.57% decrease in shares and a -0.67% impact on the portfolio. The stock traded at an average price of ε46,518.3 during the quarter and has returned 11.17% over the past 3 months and 53.55% year-to-date.
- Reduced MS&AD Insurance Group Holdings Inc (TSE:8725, Financial) by 88,400 shares, resulting in a -10.59% reduction in shares and a -0.5% impact on the portfolio. The stock traded at an average price of ε3,313.88 during the quarter and has returned 2.29% over the past 3 months and 91.99% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Hennessy Japan Fund (Trades, Portfolio)'s portfolio included 27 stocks. The top holdings included 8.81% in Hitachi Ltd (TSE:6501, Financial), 7.42% in Recruit Holdings Co Ltd (TSE:6098, Financial), 6.96% in Seven & i Holdings Co Ltd (TSE:3382, Financial), 5.54% in Mitsubishi Corp (TSE:8058, Financial), and 5.31% in Sony Group Corp (TSE:6758, Financial).
The holdings are mainly concentrated in 8 of the 11 industries: Financial Services, Industrials, Technology, Consumer Defensive, Communication Services, Basic Materials, Consumer Cyclical, and Healthcare.
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.
