AVI
AVI Japanese Special Situations Fund
Japan Opportunistic
Jun 2025 → Sep 2026
Our archive holds 7 letters from this strategy, behind 3 investment theses and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.
7 letters in 2 years · follow all of AVI for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · A GBP
- YTD+12.0%index +23.4%
- Inception · total+42.9%index +51.7%
Index: MSCI Japan Small Cap
| YTD | Since inceptiontotal | |
|---|---|---|
| AVI Japanese Special Situations Fund | +12.0% | +42.9% |
| MSCI Japan Small Cap | +23.4% | +51.7% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
- AddedSharingtechnologyAug 2026
Added to the portfolio in July 2024, the company accounted for 6.9% of AJSS’s NAV at month-end.
Mitsubishi was added to the portfolio in January 2025 and accounted for 8.5% of NAV at month-end.
Added to the portfolio in August 2025, the company accounted for 3.9% of AJSS’s NAV at month-end.
Also held
Its investment theses
- SharingtechnologySep 2026Sharingtechnology is a Japanese special situation where AVI saw undervalued business quality and balance-sheet strength that could be unlocked through strategic review and a tender offer.
- Foster ElectricSep 2026Foster Electric is a global acoustic components manufacturer where a new medium-term plan is expected to improve profitability and capital efficiency.
- Saxa Holdings, Inc.Oct 2025Saxa Holdings, Inc. is a cash-generative phones and security systems provider with substantial non-core assets and planned real estate disposals, offering upside via improved capital allocation through AVI's engagement.