Hennessy Funds
Hennessy Japan Small Cap Fund
May 2026 → Jul 2026
Our archive holds 3 letters from this strategy, behind 3 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year — follow all of Hennessy Funds for every strategy.
What it bought and sold
- TrimmedSBS Holdings, Inc.Jul 2026
their subsequent declines appear to have been driven by profit-taking.
- TrimmedMusashi Seimitsu Industry Co., Ltd.Jul 2026
The share price subsequently corrected as signs of overheating emerged.
- TrimmedFukuyama Transporting Co., Ltd.Jul 2026
their subsequent declines appear to have been driven by profit-taking.
Also held
- Towa Corporation
- Optex Group Co., Ltd.
- Fukuda Corporation
- Daikokuten Bussan Co., Ltd.
- Musashi Seimitsu Industry Co., Ltd.
- CKD Corporation
- Maeda Kosen Co., Ltd.
- Saizeriya Co., Ltd.
- Eternal Hospitality Group Co., Ltd.
- Daihen Corporation
Its investment theses
- Recruit Holdings Co., Ltd.Jul 2026Recruit Holdings Co., Ltd. is shifting its human resources business toward a more technology-driven model that could reshape staffing industry competition.
- a logistics companyJun 2026A logistics company is seen as attractively valued, with improving profitability from cost pass-through and productivity gains not yet recognized by the market.
- display industryMay 2026The display industry benefits from a shift toward renovation projects, where its planning and design strengths can expand earnings potential.