Hennessy Japan Fund

Hennessy Japan Fund Premium Guru

Last Update: 04-01-2015

Number of Stocks: 23
Number of New Stocks: 0

Total Value: $57 Mil
Q/Q Turnover: 8%

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 (%)
20146.9813.69-6.7
201326.1632.39-6.2
201211.6116-4.4
3-Year Cumulative50.6 (14.6%/year)74.6 (20.4%/year)-24 (-5.8%/year)
20110.292.11-1.8
201020.6415.065.6
5-Year Cumulative82.3 (12.8%/year)105.1 (15.5%/year)-22.8 (-2.7%/year)
20099.8326.46-16.6
2008-27.5-379.5
2007-14.255.49-19.7
2006-13.115.79-28.9
200550.264.9145.3
10-Year Cumulative62.5 (5%/year)109.4 (7.7%/year)-46.9 (-2.7%/year)
200436.3110.8825.4

Top Ranked Articles

Hennessy Japan Fund Adds Nidec Corporation to Portfolio
The Hennessy Japan Fund Investor Class (HJPNX)(HJPIX) has reported its second quarter portfolio, and shows one new position established: Nidec Corporation (OSE:6594). Read more...
Hennessy Japan Fund’s Top Five
Hennessy Japan Fund seeks long-term capital appreciation by investing in equity securities of Japanese companies. The fund is managed by Yu Shimizu and Masakazu Takeda. Over the fourth quarter, the fund held on to a total of 23 stocks, with no new stock purchases over the duration of the quarter. The Hennessy Japan Fund was valued at $39 million as of the close of the fourth quarter. Read more...
International Guru – Hennessy Japan Funds’ Top Five Holdings
Hennessy Japan Fund seeks long-term capital appreciation by investing in equity securities of Japanese companies. The fund is managed by Yu Shimizu and Masakazu Takeda. Over the third quarter, the fund held on to a total of 23 stocks, with one new stock purchased over the duration of the quarter. The Hennessy Japan Fund was valued at $33 million as of the close of the third quarter. Read more...
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. Read more...
Six New Japanese Stocks Chosen by Long-Term Fund
The Hennessy Japan Fund (Trades, Portfolio) and Hennessy Japan Small-Cap Fund both seek attractively priced, strong businesses with capable management. Through both analyzing and visiting companies, managers choose stocks they perceive as having a significant “value gap.” The Hennessy Japan Fund (Trades, Portfolio) (HJPNX) has returned 7.9% since its inception in 2003, beating its benchmark Russell/Nomura Total Market Index return of 4.51%. Last year, its return was 31%. Read more...
» More Hennessy Japan Fund Articles

Commentaries and Stories

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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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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...

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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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Hennessy Japan Fund Comments on MISUMI Group Inc
MISUMI Group, Inc. (TSE:9962), the maker and distributor of metal mold components and precision machinery parts, … were among the major detractors from the Fund’s performance. Shares of MISUMI Group, Inc. declined 11% on what we believe was the market’s growing concern over its outlook for fiscal year 2014. More...

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Hennessy Japan Fund Comments on Terumo Corp
Conversely, Terumo Medical Corporation (TSE:4543), Japan’s largest medical device manufacturer, … were among the major detractors from the Fund’s performance. Shares of Terumo Medical Corporation fell 13% following its third quarter earnings announcement for its fiscal year ended March 31, 2014, as investors were disappointed with the decline in sales. More...

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Hennessy Japan Fund Comments on Ryohin Keikaku Co., Ltd.
Among the strongest performing stocks in the Fund during the period were … and Ryohin Keikaku Co., Ltd. (TSE:7453), the operator of the MUJI brand retail chain store. Finally, shares of Ryohin Keikaku Co., Ltd. surged 18% due to the solid earnings announcement for its fiscal year ended February 28, 2014, and the upbeat guidance for the new fiscal year. 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 … Nidec Corporation (TSE:6594), the world’s major electric motor manufacturer, … Shares of both ... and Nidec Corporation jumped over … and 24%, respectively, following strong earnings results for the fourth quarter of calendar year 2013. The market also welcomed Nidec Corporation’s upward revision of its full-year earnings guidance for its fiscal year ended March 31, 2014. The Fund continues to hold all of these positions. More...

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Hennessy Japan Fund Comments on Rohto Pharmaceutical Co., Ltd.
Among the strongest performing stocks in the Fund during the period were Rohto Pharmaceutical Co., Ltd. (TSE:4527), the leading over-the-counter ophthalmic medicines and skincare cosmetics producer, … Shares of both Rohto Pharmaceutical Co., Ltd. and … jumped over 28% and …, respectively, following strong earnings results for the fourth quarter of calendar year 2013. The Fund continues to hold all of these positions. More...

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Hennessy Japan Fund Semi-Annual Report April 30, 2014
Letter to Shareholders More...

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Six New Japanese Stocks Chosen by Long-Term Fund Hennessy Japan Fund,Hennessy Japan Small Cap Fund - Six New Japanese Stocks Chosen By Long-Term Fund
The Hennessy Japan Fund (Trades, Portfolio) and Hennessy Japan Small-Cap Fund both seek attractively priced, strong businesses with capable management. Through both analyzing and visiting companies, managers choose stocks they perceive as having a significant “value gap.” The Hennessy Japan Fund (Trades, Portfolio) (HJPNX) has returned 7.9% since its inception in 2003, beating its benchmark Russell/Nomura Total Market Index return of 4.51%. Last year, its return was 31%. More...

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Hennessy Funds 2013 Annual Letter
Dear Hennessy Funds Shareholder: More...

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