Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes

Like
Comment
Favorite

Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes

GuruFocus11-05

Insights from the Latest N-PORT Filing for Q3 2024Matthews Japan Fund (Trades, Portfolio), a stalwart in Japanese equity investments, has recently disclosed its portfolio adjustments for the third ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2481853159?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 01:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481853159","market":"us","top_or_hot":-1,"title":"Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes","media":"GuruFocus","content":"<div>\n<p>Insights from the Latest N-PORT Filing for Q3 2024Matthews Japan Fund (Trades, Portfolio), a stalwart in Japanese equity investments, has recently disclosed its portfolio adjustments for the third ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2581409/matthews-japan-funds-strategic-moves-a-deep-dive-into-tokyo-electrons-exit-and-other-key-changes\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMatthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 01:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2581409/matthews-japan-funds-strategic-moves-a-deep-dive-into-tokyo-electrons-exit-and-other-key-changes><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Insights from the Latest N-PORT Filing for Q3 2024Matthews Japan Fund (Trades, Portfolio), a stalwart in Japanese equity investments, has recently disclosed its portfolio adjustments for the third ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2581409/matthews-japan-funds-strategic-moves-a-deep-dive-into-tokyo-electrons-exit-and-other-key-changes\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1878469433.USD","symbol_name":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.gurufocus.com/news/2581409/matthews-japan-funds-strategic-moves-a-deep-dive-into-tokyo-electrons-exit-and-other-key-changes","article_id":"2481853159","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481853159","pubTimestamp":1730739679,"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Insights from the Latest N-PORT Filing for Q3 2024Matthews Japan Fund (Trades, Portfolio), a stalwart in Japanese equity investments, has recently disclosed its portfolio adjustments for the third qua","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","MATW":"马修国际加工","BK4137":"综合支持服务"},"translate_title":"马修斯日本基金的战略举措：深入探讨东京电子的退出和其他关键变化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MATW":1},"content_text":"Insights from the Latest N-PORT Filing for Q3 2024Matthews Japan Fund (Trades, Portfolio), a stalwart in Japanese equity investments, has recently disclosed its portfolio adjustments for the third quarter of 2024. Established on December 31, 1998, the fund is committed to long-term capital appreciation, focusing primarily on Japanese stocks. Employing a bottom-up, fundamental investment philosophy, Matthews Japan Fund (Trades, Portfolio) aims to uncover undervalued companies with strong growth potential. The fund's strategy is characterized by active management, a long-term focus on Asia, rigorous bottom-up research, and a broad spectrum of Asia investment strategies.Summary of New BuysDuring the third quarter of 2024, Matthews Japan Fund (Trades, Portfolio) expanded its portfolio by adding 12 new stocks. Noteworthy new acquisitions include:Advantest Corp (TSE:6857, Financial), purchasing 320,300 shares, making up 2.16% of the portfolio, valued at ¥15.06 billion.Mitsubishi Heavy Industries Ltd (NGO:7011, Financial), with 929,400 shares, representing about 2% of the portfolio, valued at ¥13.89 billion.Miura Co Ltd (TSE:6005, Financial), acquiring 448,100 shares, accounting for 1.59% of the portfolio, valued at ¥11.05 billion.Key Position IncreasesThe fund also increased its stakes in 18 existing holdings, with significant boosts in:Sony Group Corp (TSE:6758, Financial), adding 359,500 shares, bringing the total to 1,563,500 shares. This adjustment increased the share count by 29.86%, impacting the portfolio by 1%, with a total value of ¥30.38 billion.Hikari Tsushin Inc (TSE:9435, Financial), adding 25,200 shares, for a total of 40,200 shares. This represents a 168% increase in share count, valued at ¥8.95 billion.Summary of Sold Out PositionsThe fund exited nine positions entirely in this quarter, including:Tokyo Electron Ltd (TSE:8035, Financial), selling all 127,300 shares, which had a -4.23% impact on the portfolio.Mitsui Chemicals Inc (TSE:4183, Financial), liquidating all 393,900 shares, resulting in a -1.66% portfolio impact.Key Position ReductionsReductions were made in 17 stocks, with the most significant being:Recruit Holdings Co Ltd (TSE:6098, Financial), reduced by 169,900 shares, a -37.94% decrease, impacting the portfolio by -1.39%. The stock traded at an average price of ¥8700.68 during the quarter and has returned 8.56% over the past three months and 53.76% year-to-date.Mitsubishi UFJ Financial Group Inc (TSE:8306, Financial), reduced by 822,100 shares, a -31.51% decrease, impacting the portfolio by -1.35%. The stock traded at an average price of ¥1576.06 during the quarter and has returned -4.47% over the past three months and 37.85% year-to-date.Portfolio OverviewAs of the third quarter of 2024, Matthews Japan Fund (Trades, Portfolio)'s portfolio comprised 48 stocks. The top holdings included 5% in Keyence Corp (TSE:6861, Financial), 4.66% in Hitachi Ltd (TSE:6501, Financial), 4.47% in Shin-Etsu Chemical Co Ltd (TSE:4063, Financial), 4.36% in Sony Group Corp (TSE:6758, Financial), and 4.24% in ORIX Corp (TSE:8591, Financial). The holdings are predominantly concentrated in nine industries: Industrials, Technology, Consumer Cyclical, Financial Services, Basic Materials, Healthcare, Consumer Defensive, Communication Services, and Real Estate.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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}