Asia, Beauty, Conglomerates, Europe, Hong Kong, Ports, Telecommunications, value
The fund focuses on companies trading at significant discounts to assessed value, particularly CK Hutchison at 65% discount to NAV. The manager emphasizes value traps as the biggest risk where management doesn't allow real value to emerge.
Buybacks, Consolidation, Corporate Governance, Currency, international, Japan, retail, value
Orbis has significantly increased Japan exposure from 7% to over 20%, focusing on domestic businesses in retail, construction, logistics, life insurance and staffing. Japanese companies are improving capital efficiency through corporate governance reforms, with examples like T&D Holdings and Asahi Group implementing aggressive buyback programs. The yen appears undervalued relative to economic fundamentals, offering opportunity to buy quality assets at depressed valuations.
This report provides a detailed summary of investor holdings for a
specified stock ticker, highlighting key metrics such as fund
name, total assets under management (AUM), invested value,
portfolio weight, and shares owned. It also tracks changes in
share ownership during the last quarter, including the percentage
of shares bought or sold and the percentage of outstanding shares
owned. The data is generated using an API that processes investor
holdings and calculates these values for each fund. This report
helps investors and analysts monitor the stock positions of major
funds, identify investment trends, and assess the influence of
large investors on individual stocks.
