Exploring the Latest Portfolio Adjustments and Investment Strategies

Wasatch International Growth (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. Established on June 28, 2002, the Wasatch International Growth (Trades, Portfolio) Fund (WAIGX) is dedicated to identifying high-quality small-cap growth companies outside the U.S. The fund employs a comprehensive sector and country approach, focusing on companies with potential for significant revenue and earnings growth, experienced management, high return on capital, and sustainable competitive advantages. Wasatch's investment process involves rigorous fundamental analysis, deep due diligence, proprietary earnings models, and a variety of valuation metrics to assess potential returns and risks.

Summary of New Buy

Wasatch International Growth (Trades, Portfolio) added a total of seven stocks to its portfolio. The most significant addition was Kardex Holding AG (XSWX:KARN, Financial), with 8,799 shares, accounting for 1.17% of the portfolio and valued at CHF 2.63 million. The second largest addition was Grid Dynamics Holdings Inc (GDYN, Financial), consisting of 105,880 shares, representing approximately 1.05% of the portfolio, with a total value of $2,354,770. The third largest addition was Airtac International Group (TPE:1590, Financial), with 70,000 shares, accounting for 0.8% of the portfolio and a total value of NT$1,798,020.

Key Position Increases

Wasatch International Growth (Trades, Portfolio) also increased its stakes in a total of eight stocks. The most notable increase was in Reply SpA (MIL:REY, Financial), with an additional 14,312 shares, bringing the total to 31,344 shares. This adjustment represents a significant 84.03% increase in share count, a 1.01% impact on the current portfolio, and a total value of €4,982,520. The second largest increase was in Rakuten Bank Ltd (TSE:5838, Financial), with an additional 58,700 shares, bringing the total to 134,000. This adjustment represents a 77.95% increase in share count, with a total value of 円3,740,570.

Summary of Sold Out

Wasatch International Growth (Trades, Portfolio) completely exited four holdings in the fourth quarter of 2024. Notably, the fund sold all 23,058 shares of Gerresheimer AG (XTER:GXI, Financial), resulting in a -0.7% impact on the portfolio. Additionally, it liquidated all 252,378 shares of Berger Paints India Ltd (NSE:BERGEPAINT, Financial), causing a -0.64% impact on the portfolio.

Key Position Reduces

Wasatch International Growth (Trades, Portfolio) also reduced its position in 48 stocks. The most significant change was a reduction in GMO Payment Gateway Inc (TSE:3769, Financial) by 71,800 shares, resulting in a -76.87% decrease in shares and a -1.5% impact on the portfolio. The stock traded at an average price of 円8,451.16 during the quarter and has returned 16.76% over the past three months and 0.50% year-to-date. Another notable reduction was in Pro Medicus Ltd (ASX:PME, Financial) by 30,478 shares, resulting in a -72.32% reduction in shares and a -1.29% impact on the portfolio. The stock traded at an average price of A$217.4 during the quarter and has returned 39.77% over the past three months and 18.80% year-to-date.

Portfolio Overview

As of the fourth quarter of 2024, Wasatch International Growth (Trades, Portfolio)'s portfolio included 63 stocks. The top holdings were 4.12% in MonotaRO Co Ltd (TSE:3064, Financial), 3.98% in Diploma PLC (LSE:DPLM, Financial), 3.88% in Technology One Ltd (ASX:TNE, Financial), 3.63% in The Descartes Systems Group Inc (TSX:DSG, Financial), and 3.57% in BayCurrent Inc (TSE:6532, Financial).

The holdings are primarily concentrated in nine of the eleven industries: Technology, Industrials, Financial Services, Healthcare, Consumer Cyclical, Communication Services, Real Estate, Consumer Defensive, and Basic Materials.

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