Matthews Japan Fund (Trades, Portfolio)'s Latest N-PORT Filing Highlights Key Investment Moves
Matthews Japan Fund (Trades, Portfolio), known for its strategic investments in Japanese equities, has revealed its N-PORT filing for the third quarter of 2023. The Fund, which launched on December 31, 1998, is dedicated to achieving long-term capital appreciation. It primarily invests in the stocks of companies based in Japan, leveraging a bottom-up, fundamental investment philosophy. Matthews Japan Fund (Trades, Portfolio) is distinguished by its active management, long-term focus on Asia, rigorous bottom-up research, and a commitment to defining Asia investment strategies that capture the region's growth potential.
Summary of New Buys
Matthews Japan Fund (Trades, Portfolio) expanded its portfolio with 9 new stocks. Noteworthy additions include:
- Mitsubishi UFJ Financial Group Inc (TSE:8306, Financial), with 2,433,000 shares, making up 3.33% of the portfolio and valued at ¥20,617.62 million.
- Mitsubishi Chemical Group Corp (TSE:4188, Financial), comprising 1,898,700 shares, which is about 1.93% of the portfolio, with a total value of ¥11,961.94 million.
- Pan Pacific International Holdings Corp (TSE:7532, Financial), with 513,800 shares, accounting for 1.74% of the portfolio and a total value of ¥10,783.1 million.
Key Position Increases
Matthews Japan Fund (Trades, Portfolio) also bolstered its holdings in 21 stocks, with significant increases in:
- Sumitomo Mitsui Financial Group Inc (TSE:8316, Financial), adding 184,000 shares for a total of 422,300. This represents a 77.21% increase in shares, impacting the portfolio by 1.46%, and valued at ¥20,745.93 million.
- Kajima Corp (TSE:1812, Financial), with an additional 416,800 shares, bringing the total to 601,200. This marks a 226.03% increase in shares, with a total value of ¥9,786.34 million.
Summary of Sold Out Positions
Matthews Japan Fund (Trades, Portfolio) exited 9 holdings in the third quarter of 2023, including:
- Fast Retailing Co Ltd (TSE:9983, Financial), selling all 54,900 shares, impacting the portfolio by -2.13%.
- Olympus Corp (TSE:7733, Financial), liquidating all 809,200 shares, with a -1.93% impact on the portfolio.
Key Position Reductions
Matthews Japan Fund (Trades, Portfolio) reduced its stake in 25 stocks. The most significant reductions were:
- Sony Group Corp (TSE:6758, Financial) by 109,600 shares, a -36.04% decrease, impacting the portfolio by -1.5%. The stock traded at an average price of ¥12,646.4 during the quarter and has returned 7.22% over the past 3 months and 28.66% year-to-date.
- Denso Corp (TSE:6902, Financial) by 575,900 shares, a -48.01% reduction, impacting the portfolio by -1.47%. The stock traded at an average price of ¥2,448.11 during the quarter and has returned -5.62% over the past 3 months and 42.59% year-to-date.
Portfolio Overview
As of the third quarter of 2023, Matthews Japan Fund (Trades, Portfolio)'s portfolio consisted of 56 stocks. The top holdings included 3.62% in Ajinomoto Co Inc (TSE:2802, Financial), 3.36% in ORIX Corp (TSE:8591, Financial), 3.35% in Sumitomo Mitsui Financial Group Inc (TSE:8316, Financial), 3.33% in Mitsubishi UFJ Financial Group Inc (TSE:8306, Financial), and 3.32% in ITOCHU Corp (TSE:8001, Financial). The Fund's investments are mainly concentrated across 9 industries, including Industrials, Consumer Cyclical, Technology, Financial Services, Consumer Defensive, Communication Services, Basic Materials, Healthcare, 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.
