Hennessy Japan Fund

Hennessy Japan Fund Premium Guru

Last Update: 03-31-2016

Number of Stocks: 21
Number of New Stocks: 0

Total Value: $106 Mil
Q/Q Turnover: 4%

Countries: JPN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Hennessy Japan Fund' s Profile & Performance

Profile

Hennessy Japan Fund Investor Class (HJPNX) was established on 10/31/2003. The total fund assets are $23 million and the portfolio turnover is 2%. The Fund seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of Japanese companies. Within this fund, the top two sectors are Industrials (28.0%) and Consumer Discretionary (23.1%).

Hennessy Japan Fund is managed by Yu Shimizu (since 1/31/2012) and Masakazu Takeda (since 11/1/2006).

Web Page:http://www.hennessyfunds.com/funds2012/japan.html

Investing Philosophy

“Hennessy employs a consistent and repeatable investment process, combining time-tested, purely quantitative stock selection formulas with a highly disciplined, team-managed approach. Hennessy Japan Fund invests in stocks which its portfolio managers believe to be good businesses with exceptional management and which are trading at an attractive price. Individual stock selection is based on rigorous, on-site research and focuses on factors such as 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. The portfolio selects just the managers' best ideas and has a concentrated number of holdings.”

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Hennessy Japan Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201512.951.1911.8
20146.9813.69-6.7
201326.1632.39-6.2
3-Year Cumulative52.4 (15.1%/year)52.3 (15.1%/year)0.1 (0%/year)
201211.6116-4.4
20110.292.11-1.8
5-Year Cumulative70.6 (11.3%/year)80.4 (12.5%/year)-9.8 (-1.2%/year)
201020.6415.065.6
20099.8326.46-16.6
2008-27.5-379.5
2007-14.255.49-19.7
2006-13.115.79-28.9
10-Year Cumulative22.1 (2%/year)102 (7.3%/year)-79.9 (-5.3%/year)
200550.264.9145.3
200436.3110.8825.4

Top Ranked Articles

Hennessy Japan Fund Buys, Adds to Holdings in Undervalued Q1 Market Japan stocks look attractive with low PE ratios, fund says
In the first quarter, managers purchased three new stocks for the Hennessy Japan Small Cap Fund (Trades, Portfolio) and only added to existing positions in the Hennessy Japan Small Cap Fund (Trades, Portfolio) as Japan implements structural reforms and Japanese stocks appear inexpensive, they said. Read more...
Hennessy Japan Fund Reduces 13 Stakes in 4th Quarter Guru invests in 1 new buy
Of the 21 companies involved in its transactions in the fourth quarter ended Oct. 31, 2015, Hennessy Japan Fund (Trades, Portfolio) reduced its stakes in 13. Read more...
Hennessy Japan Fund Comments on SoftBank Group Corp Guru stock highlight
One of the most significant detractors from the Fund’s performance was SoftBank Group Corp (TSE:9984), one of Japan’s three mobile carriers. SoftBank, a new investment for the portfolio added in the third quarter, suffered from negative industry news, the eruption of price wars and the possibility of a Government-ordered plan to reduce wireless fees. The company is headed by its charismatic founder/president, Mr. Masayoshi Son, a 58-year old entrepreneur, who boasts an insatiable ambition to continue growing his firm globally for many years to come. We view the decline in the stock price of Softbank as a good opportunity to make a long-term investment in a company run by someone who we believe to be one of Japan’s best business leaders at an attractive price, and we feel that the potential risk-return profile of this investment is in our favor. The Fund continues to hold this position. Read more...
Hennessy Japan Fund Adds to 16 Stakes Fund buys no new stakes and sells no existing ones in quarter
The Hennessy Japan Fund (Trades, Portfolio) pursues long-term capital appreciation by investing four-fifths of its net assets in Japanese companies. It hasn’t bought any new stakes or sold out any of its old ones since early this year, but it added to 16 existing stakes in the quarter ended July 31, including some of the most valuable in its portfolio. Read more...
Hennessy Japan Fund Adds to Existing Stakes in Second Quarter
Hennessy Japan Fund (Trades, Portfolio) has a highly developed, time-tested investment strategy, looking for arbitrage opportunities between a company’s fundamental value and its market price. Sometimes it reduces its stakes, but, in the second quarter of 2015, the Fund only added to 17 existing stakes. Read more...
» More Hennessy Japan Fund Articles

Commentaries and Stories

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Hennessy Funds Manager Talks Long-Term Outlook, Recommends JC Penney and JetBlue Manager appeared on CNBC this morning and said he is buying on dips Hennessy Japan Fund,Hennessy Japan Small Cap Fund - Hennessy Funds Manager Talks Long-Term Outlook, Recommends JC Penney And JetBlue
Brian Leery, portfolio manager at Hennessy Funds, thinks that long term there are good fundamentals in the economy. He also said the increasing savings of consumers will lead to larger purchases after the political situation becomes more clear. J.C. Penney (NYSE:JCP) is one of his top picks as low oil prices help the lower to mid-middle class have more discretionary income. His other recommendations are JetBlue (JBLU) and Lithium Motors (NYSE:LAD). More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Hennessy Japan Fund Buys, Adds to Holdings in Undervalued Q1 Market Japan stocks look attractive with low PE ratios, fund says Hennessy Japan Fund,Hennessy Japan Small Cap Fund - Hennessy Japan Fund Buys, Adds To Holdings In Undervalued Q1 Market
In the first quarter, managers purchased three new stocks for the Hennessy Japan Small Cap Fund (Trades, Portfolio) and only added to existing positions in the Hennessy Japan Small Cap Fund (Trades, Portfolio) as Japan implements structural reforms and Japanese stocks appear inexpensive, they said. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Hennessy Japan Funds 4th Quarter Commentary Managers discuss what could fuel growth Hennessy Japan Fund,Hennessy Japan Small Cap Fund - Hennessy Japan Funds 4th Quarter Commentary
Following three years of initiatives focused on reversing Japan’s slow growth and deflation, positive developments continue to be underway. Based in Tokyo, the portfolio management team of the Hennessy Japan Fund (Trades, Portfolio) and Hennessy Japan Small Cap Fund (Trades, Portfolio) provide a local “feet on the street” perspective and what could fuel growth over the next several years. More...

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Hennessy Japan Fund Reduces 13 Stakes in 4th Quarter Guru invests in 1 new buy Hennessy Japan Fund - Hennessy Japan Fund Reduces 13 Stakes In 4th Quarter
Of the 21 companies involved in its transactions in the fourth quarter ended Oct. 31, 2015, Hennessy Japan Fund (Trades, Portfolio) reduced its stakes in 13. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Hennessy Japan Fund Comments on SoftBank Group Corp Guru stock highlight
One of the most significant detractors from the Fund’s performance was SoftBank Group Corp (TSE:9984), one of Japan’s three mobile carriers. SoftBank, a new investment for the portfolio added in the third quarter, suffered from negative industry news, the eruption of price wars and the possibility of a Government-ordered plan to reduce wireless fees. The company is headed by its charismatic founder/president, Mr. Masayoshi Son, a 58-year old entrepreneur, who boasts an insatiable ambition to continue growing his firm globally for many years to come. We view the decline in the stock price of Softbank as a good opportunity to make a long-term investment in a company run by someone who we believe to be one of Japan’s best business leaders at an attractive price, and we feel that the potential risk-return profile of this investment is in our favor. The Fund continues to hold this position. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Hennessy Japan Fund Annual Letter to Shareholders Fund managers discuss individual stocks and outlook for Japan Hennessy Japan Fund - Hennessy Japan Fund Annual Letter To Shareholders
Dear Hennessy Funds Shareholder: More...

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Hennessy Japan Fund Adds to 16 Stakes Fund buys no new stakes and sells no existing ones in quarter Hennessy Japan Fund,Matthews Japan Fund,T. Rowe Pr - Hennessy Japan Fund Adds To 16 Stakes
The Hennessy Japan Fund (Trades, Portfolio) pursues long-term capital appreciation by investing four-fifths of its net assets in Japanese companies. It hasn’t bought any new stakes or sold out any of its old ones since early this year, but it added to 16 existing stakes in the quarter ended July 31, including some of the most valuable in its portfolio. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Hennessy Japan Fund Adds to Existing Stakes in Second Quarter Hennessy Japan Fund - Hennessy Japan Fund Adds To Existing Stakes In Second Quarter
Hennessy Japan Fund (Trades, Portfolio) has a highly developed, time-tested investment strategy, looking for arbitrage opportunities between a company’s fundamental value and its market price. Sometimes it reduces its stakes, but, in the second quarter of 2015, the Fund only added to 17 existing stakes. More...

Hennessy Japan Fund


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Rating: 0.0/5 (0 votes)

Hennessy Japan Fund Active in Top 10 Holdings in January
The Hennessy Japan Fund (Trades, Portfolio) isn’t like many of the gurus we follow, who buy and sell millions of shares of stocks in their portfolios. The Hennessy Japan Fund (Trades, Portfolio)’s transactions are more modest – and, in some ways, more targeted. More...

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Hennessy Japan Fund Adds to Position in FUJI Seal International
The Hennessy Japan Fund (Trades, Portfolio) screens for Japanese companies with strong businesses and management, regardless of market cap. The fund follows a value-oriented approach and usually has a concentrated number of holdings. More...

HENNESSY JAPAN FUND, JAPAN, FUJI SEAL INTERNATIONAL, GLOBAL, ASIA


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Hennessy Japan Fund Q4 2014 Comments and Opinions (Q&A)
In December 2014, Prime Minister Shinzo Abe was reelected by a landslide, securing up to four more years of a stable political environment and giving the government time to implement the “Three Arrows” program. In the discussion below, the portfolio management team of the Hennessy Japan Fund and Hennessy Japan Small Cap Fund (Trades, Portfolio) addresses the country’s economic progress and potential prospects over the coming year. More...

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Hennessy Japan Fund Q4 2014 Commentary
Since Abenomics began two years ago, we’ve seen some improvements in the Japanese economy. What should investors expect in 2015? In the discussion below, the portfolio management team of the Hennessy Japan Fund (Trades, Portfolio) and Hennessy Small Cap Japan Fund addresses Japan’s current economy and its impact on the market. More...

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Hennessy Japan Fund Comments on Sumitomo Corp
Conversely, Japan’s second and third largest financial services groups, Sumitomo Mitsui Financial Group, Inc. and Mizuho Financial Group, Inc., and Japan’s leading general trading company Sumitomo Corporation (TSE:8053) were among the major detractors from the Fund’s performance. Meanwhile, weak commodity markets and project write-offs have dampened enthusiasm for Sumitomo Corporation (TSE:8053) leading to a -8% decline in its share price. More...

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Rating: 0.0/5 (0 votes)

Hennessy Japan Fund Comments on Sumitomo Mitsui Financial Group and Mizuho Financial Group
Conversely, Japan’s second and third largest financial services groups, Sumitomo Mitsui Financial Group, Inc (TSE:8316). and Mizuho Financial Group, Inc. (TSE:8411), and Japan’s leading general trading company Sumitomo Corporation were among the major detractors from the Fund’s performance. During the period, shares of Sumitomo Mitsui Financial Group, Inc. (TSE:8316) and Mizuho Financial Group, Inc (TSE:8411) dropped -7% and -2%, respectively in Yen terms, as low loan demand and Japan’s zero interest rate environments persist. More...

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Hennessy Japan Fund Comments on Shimano Inc and ASICS Corp
Among the strongest performing stocks in the Fund during the period were the world’s major electric motor manufacturer, Nidec Corporation, the global market share leader in bicycle parts, Shimano, Inc. (TSE:7309), and high performance running shoe maker, ASICS Corporation (TSE:7936). Solid earnings and strong franchises have led to steady share appreciation of both Shimano (TSE:7309)(+71%, in Yen terms) and ASICS (TSE:7936)(+50%, in Yen terms). The Fund continues to hold all of these positions. More...

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Hennessy Japan Fund Comments on Nidec Corp
Among the strongest performing stocks in the Fund during the period were the world’s major electric motor manufacturer, Nidec Corporation (TSE:6594), the global market share leader in bicycle parts, Shimano, Inc., and high performance running shoe maker, ASICS Corporation. Over the past twelve months, in Yen terms, shares of Nidec (TSE:6594) rallied +52% as the company continues to undergo a rapid transition to diversify its business portfolio from computer hard disk drive precision motors to a broader range of motors. More...

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Hennessy Japan Fund’s October 31, 2014 Letter to Shareholders
Dear Shareholder: More...

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Hennessy Japan Fund Q3 2014 Commentary
The resurgence of the Japanese equity market has been underway since Prime Minister Shinzo Abe’s term began in 2012. What should investors expect from the economy and stocks going forward? Below, the portfolio management team addresses these questions and more. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Hennessy Japan Fund Top Q3 Stock Adds and Reductions Hennessy Japan Fund - Hennessy Japan Fund Top Q3 Stock Adds And Reductions
Japan prime minister Shinzo Abe’s second round of reforms launched in June should create a “more business-friendly environment,” Hennessy Japan fund managers wrote in their second quarter commentary. They didn’t, however, add any new stocks to their portfolio in the third quarter. More...

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Hennessy Japan Fund Comments on Unicharm Corp
Unicharm Corporation (TSE:8113), the baby and feminine care products maker, were among the major detractors from the Fund’s performance. Lastly, shares of Unicharm Corporation fell 8% as the perception of an intensifying competitive landscape became widely recognized by investors. More...

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