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Wasatch International Growth Fund’s Q2 Top Increases

Monica Wolfe

Monica Wolfe

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The Wasatch International Growth Fund was established in June 2002 and has been managed by Roger Edgley since 2006. Roger believes that thinking like a “cultural insider” — being aware of social, political, economic and other factors surrounding a company — is the most efficient way to invest. The fund’s research team believes that investing in small or micro cap funds is more volatile and that the loss of principal could be greater than investing in larger capped or more diversified funds. In 2012 the Wasatch International Growth Fund had an excess gain of 17.7% over the S&P500.

During second quarter 2013, Edgley and his team added nine new stocks to their portfolio, setting their total number of stocks owned to 73 valued at $1.05 billion.



The Wasatch International Growth Fund’s Top Second Quarter Increases

Infomart Corporation (TSE:2492)

During the second quarter the Wasatch fund made its largest increase in Infomart Corporation. The fund upped their stake 279.84% by purchasing a total of 263,488 shares in the second quarter price range of ¥1,140 to ¥2505, with an estimated average price of ¥1808.32. Since then the share price has increased approximately 24.8%.

As of the second quarter Wasatch held on to 556,520 shares of Infomart, representing 7.78% of the company’s shares outstanding and 1% of their total portfolio.

The Wasatch International Growth Fund’s holding history as of the second quarter:



Infomart operates an e-commerce platform for business to business trade supply connections on the internet for the food industry primarily in Japan.

Infomart’s historical revenue and net income:



Infomart has a market cap of ¥32.73 billion. Its shares are currently trading at around ¥2257 with a P/E ratio of 41.15, a P/S ratio of 6.48 and a P/B ratio of 4.64.

AVEVA Group PLC (LSE:AVV)

During the second quarter the Wasatch Fund increased their holdings in AVEVA Group by 273.43%. The international fund purchased a total of 229,167 shares of AVEVA at an estimated average quarterly price of £23.93. Since then the price per share has dropped about -2.4%.

As of the second quarter, the Wasatch Fund held on to 312,980 shares of AVEVA, representing 1.1% of their total portfolio.

Wasatch International Value Fund’s holding history as of the second quarter:



AVEVA Group PLC is a holding company whose principal activities are the marketing and development of computer software and services for engineering and related solutions.

AVEVA’s historical revenue and net income:



The Peter Lynch Chart suggests that the company is currently overvalued:



AVEVA Group has a market cap of £1.49 billion. Its shares are currently trading at around £23.36 with a P/E ratio of 32.79, a P/S ratio of 6.78 and a P/B ratio of 6.05. The company had an annual average earnings growth of 24.8% over the past ten years.

GuruFocus rated AVEVA the business predictability rank of 2.5-star.

Nihon M&A Center (TSE:2127)

During the second quarter Wasatch increased their holdings by 190.94%. The fund purchased 136,610 shares in the second quarter price range of ¥3810 to ¥6540, with an estimated average price of ¥5198. The share price has increased approximately 21% from the estimated average price.

As of the second quarter the fund held on to 208,155 shares, representing 1.57% of the company’s shares outstanding and 1.1% of their total portfolio.

Holding history of Nihon as of the second quarter:



Nihon M&A Center is a Japan-based company principally involved in the merger and acquisition (M&A) brokerage business. The company is an independent M&A brokerage company that was co-funded by nationwide certified public accountants and tax accountants.

Nihon’s historical revenue and net income:



Nihon M&A has a market cap of ¥83.42 billion. Its shares are trading at around ¥6290 with a P/E ratio of 34.84, a P/S ratio of 10.42 and a P/B ratio of 9.43.

Domino’s Pizza Enterprises Limited (ASX:DMP)

During the second quarter the Wasatch International Growth Fund increased its position in Domino’s Pizza Enterprises by 130.38%. The fund purchased 464,691 shares in the second quarter price range of $10.86 to $13.90, with an estimated average price of $12.39. The share price has increased approximately 9.8% since then.

As of the second quarter the Wasatch Fund held on to 821,091 shares of Domino’s, representing 1.17% of the company’s shares outstanding and 0.8% of their total portfolio.

The fund’s holding history as of the second quarter:



Domino’s Pizza Enterprises is in the Quick Service Restaurant segment within fast food retail and has a license which covers Australia, New Zealand, France, Belgium, the Netherlands and the Principality of Monaco. It is also the largest franchisee of the Domino's brand in the world. The Domino's brand is owned by Domino's Pizza, a listed US company.

Domino’s historical revenue and net income:



Domino’s Pizza Enterprises Limited has a market cap of $958.986 million. Its shares are currently trading at around $13.60 with a P/E ratio of 33.56, a P/S ratio of 4.71 and a P/B ratio of 8.09.

DKSH Holding Ltd (XSWX:DKSH)

During the second quarter Wasatch upped their stake in DKSH by 130.38%. The fund purchased 464,691 shares in the second quarter price range of CHF71.80 to CHF87.00, with an estimated average price of CHF78.81. The price per share has dropped approximately -8.2% since then.

As of the second quarter Wasatch held on to 214,293 shares of DKSH Holdings, representing 1.7% of its total portfolio.

Wasatch’s holding history as of the second quarter:



DKSH is the leading Market Expansion Services provider with a focus on Asia. The company helps other companies and brands grow their business in new or existing markets.

DKSH’s historical revenue and net income:



DKSH Holding has a market cap of CHF4.59 billion. Its shares are currently trading at around CHF72.35 with a P/E ratio of 20.79, a P/S ratio of 0.50 and a P/B ratio of 4.00.

Check out Wasatch’s second quarter portfolio here.

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