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Go Global - T. Rowe Price Japan Fund's High-Impact Sell Outs

Sally Jones

Sally Jones

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The third quarter portfolio of the T. Rowe Price Japan Fund shows 93 stocks, 14 of them new. The fund’s total value is $285 million, with a quarter-over-quarter turnover of 18%. The portfolio is currently weighted with top three sectors: consumer cyclical at 24.7%, technology at 14.8% and financial services at 13.8%.

In the third quarter of 2013, T. Rowe Price Japan Fund reduced or sold out a total of 28 stocks that trade on the Tokyo Stock Exchange. Here’s a look at three of the fund’s highest-impact sell outs, as of the quarter ending Sept. 30, 2013. Prices are quoted in Japanese yen or ¥. (Currency conversion: 1 JPY = $0.010 USD).

Here’s a recent GuruFocus feature about the T. Rowe Price Japan Fund’s new buys.



Canon Inc. (TSE:7751)

Sold Out

Impacts Portfolio: -1.3%

Up 18% over 12 months, Canon Inc., the business equipment company, has a market cap of ¥3.62 trillion; its shares were traded at around ¥3210 with a P/E of 16.50 and a P/B of 1.36. The dividend yield is 3.58%.

Global Guru Action: As of Sept. 30, 2013, T. Rowe Price Japan Fund sold out its position, selling 102,500 shares in the average price range of ¥3179.08 per share. Trading in six quarters, the fund had mixed results. The highest gain was 13.4% on 14,800 shares bought at an average price of ¥2751.24 per share in the third quarter of 2012.

As of the second quarter, there were two other guru stakeholders and no insider activity reported.

Track historical pricing, revenue and net income:

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SECOM Co. Ltd. (TSE:9735)

Sold Out

Impacts Portfolio: -1.1%

Up 48% over 12 months, SECOM Co. Ltd., a security company, has a market cap of ¥1.33 trillion; its shares were traded at around ¥6100 with a P/E of 19.700 and a P/B of 1.33. The dividend yield is 1.54%.

Global Guru Action: As of Sept. 30, 2013, T. Rowe Price Japan Fund sold out its position, selling 53,800 shares in the average price range of ¥5773.17 per share for a gain of 5.7%. The fund held for two quarters only, with the highest gain of 16.9% in the second quarter of 2013 when it made a new buy of 53,800 shares at an average price of ¥5219.11 per share.

As of the second quarter of 2013, there were three other guru stakeholders and no insider activity found.

Track historical pricing, revenue and net income:

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Yamada Denki Co. Ltd. (TSE:9831)

Sold Out

Impacts Portfolio: -1%

Down 14% over 12 months, Yamada Denki Co. Ltd., an electronic appliance retailer, has a market cap of ¥264.73 billion; its shares were traded at around ¥280 with a P/E of 21.70 and a P/B of 0.03. The dividend yield is 1.92%.

Global Guru Action: As of Sept. 30, 2013, T. Rowe Price Japan Fund sold out its position, selling 639,100 shares at an average price of ¥360.47 per share, for a loss of 22.3%.

In six losing quarters, the fund’s lowest low was a loss of 36.2% on 369,300 shares bought at an average price of ¥438.83 per share in the second quarter of 2012.

As of the third quarter of 2013, there were no guru stakeholders and no insider activity reported.

Track historical pricing, revenue and net income:

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 5.0/5 (1 vote)

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