What smart money is saying about Resona
8308.T
No fund has written a full thesis on Resona in our archive, but 1 fund letter reports a position in it, most recently Buffalo Funds International Fund in September 2026.
Get an email when a fund buys, sells or pitches it
1
Reported positions
0
Bought
0
Sold
1
Letter
Position history
Every position in Resona on record in the archive was reported in Q3 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- September 2026
“TOP CONTRIBUTORS Top contributors in the period were Baycurrent, SAP and Resona. Baycurrent, a technology consultancy in Japan, and SAP, a global ERP software company, both benefited from the trade shifting back toward software and software services that had previously been weak due to concerns about AI negatively impacting their business model. Like many other perceived “AI losers” their valuations had been overly depressed, so some of the performance in the quarter was a rebound to more reasonable valuation levels. Baycurrent’s strong performance was also catalyzed by a strong earnings release in July, with net sales up 30% year-over-year, beating consensus estimates. An ongoing share buyback program also provided technical support. SAP massively outperformed the broader European market as well as most software peers, driven by decisive earnings beat that dispelled fears of AI-driven budget displacement. SAP’s second quarter results (reported in July) showed cloud revenue up 24%, with current cloud backlog growing 26%, over 200 basis points (bps) above consensus, which directly countered the prevailing narrative that enterprise software budgets were being cannibalized by AI infrastructure spend. The mid-sized Japanese bank Resona’s strong performance was primarily a sector- wide move as the entire Japanese banking industry rallied strongly on rising rate expectations. Resona also outperformed most peers as the company reported strong first quarter earnings with net income up 14% year-over-year, beating consensus estimates. Management also raised full-year guidance while announcing a treasury share buyback.”
Resona
Read the letters behind these Resona positions
Every quote above comes from a fund letter in our archive. Get unlimited access to the letters themselves, and to Warren AI, which reads all of them for you.
View plans→Share this ledger