The Hill Ledger

Japan edition · Japanese equities

Large shareholders cut a net $4.2bn from electronics makers

Filers added a net $1.1bn to chemicals makers across 69 reports in the last 30 days while reducing holdings in electronics makers.

The Hill Ledger desk · · 1 min read · written from 1,020 public filings

Large shareholders cut a net $4.2bn from electronics makers over the last 30 days while adding a net $1.1bn to chemicals makers. Filings showed 81 reports in the electronics sector, where filers disclosed $6.8bn of reductions against $2.6bn of increases. In chemicals, increases reached $1.8bn across 69 reports against reductions of $689.7mn.

Recent activity

Fresh filings disclosed on 27 October brought 29 reports from 24 filers. Norges Bank cut a stake in chemicals maker Shiseido Company, Limited by $19.1mn after a change on 22 October, with the shares up 3.1 per cent since. Heights Capital Management raised a stake in chemicals maker ReproCELL Incorporated by $17.5mn after a change on 20 October, while Growth Capital raised a stake in trading house Recomm by $12.6mn.

Two investors declared they may make important proposals to management. Asset Value Investors stated this stance at services company Quick, and Axium Capital Pte. did so at non-ferrous metals group Hirakawa Hewtech.

Companies in this column: Quick, Shiseido Company, Limited, ReproCELL Incorporated, Recomm.