Resona's Strategic U.S. Equity Growth
Resona Asset Management Significantly Increases Equity Holdings in Five Diverse U.S. Corporations
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Key Points
1
In Rollins, 51.79% of the stock is owned by hedge funds and other institutional investors.
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In Liberty Media's FWONK Series C, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake by 72.5% in Q1 to 207,297 shares, valued at about $17.6 million.
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Curtiss-Wright is 82.71% owned by institutional investors, with Resona adding 10,711 shares for a stake valued at about $7.22 million.
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Carnival announced a quarterly dividend of $0.15 per share, signaling management's commitment to returning cash to shareholders.
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Waters Corporation is 94.01% owned by institutional investors and hedge funds, highlighting heavy external ownership behind Resona's 62.6% first-quarter increase.
Resona Asset Management Co. Ltd. quietly built up its U.S. equity holdings in the first quarter of 2024, expanding positions across five companies. The Japanese asset manager grew stakes in Rollins, Liberty Media's Formula One Series C, Curtiss-Wright, Carnival, and Waters Corporation, according to Ticker Report.
The biggest move was in Waters Corporation, where Resona's stake jumped 62.6% to 31,097 shares, now valued at about $9.24 million. The increases signal a deliberate push into U.S. equities at a time when institutional investors broadly reshuffled their portfolios.
Resona's Biggest Bets: Waters and Liberty Formula One
Waters Corporation was Resona's boldest move. The firm added enough shares to push its stake up 62.6%, reaching 31,097 shares worth $9.24 million. Waters is heavily owned by outside investors — institutional investors and hedge funds control 94.01% of the company's stock, according to Ticker Report.
Liberty Media's Formula One Series C shares also saw a sharp increase. Resona grew that position by 21.8%, reaching 97,236 shares valued at roughly $8.25 million. Resona was not the only firm buying in. Fjarde AP Fonden, Sweden's Fourth National Pension Fund, grew its own FWONK stake by 72.5% in Q1, reaching 207,297 shares worth about $17.6 million.
Steady Gains in Rollins, Curtiss-Wright, and Carnival
Resona's Rollins stake grew 10.1%, reaching 146,302 shares valued at about $7.8 million. Rollins, a pest control company, has 51.79% of its shares held by hedge funds and other institutional investors. Resona's Curtiss-Wright position also expanded, with the firm adding 10,711 shares to bring that stake to roughly $7.22 million. Institutional investors own 82.71% of Curtiss-Wright, according to Ticker Report.
Carnival Corporation rounded out the five positions. Resona added shares to push its Carnival stake up 7.6%, reaching 333,652 shares worth around $8.52 million. Carnival also announced a quarterly dividend of $0.15 per share during the period, a sign that management is focused on returning cash to shareholders.
Heavy Institutional Ownership Defines These Five Stocks
Across all five companies, institutional investors dominate the shareholder base. Waters Corporation leads the group — outside institutions control 94.01% of its shares. Curtiss-Wright is close behind at 82.71%. Even Rollins, the least institutionally owned of the five, sits at 51.79% external ownership, according to Ticker Report.
That kind of heavy institutional ownership means these stocks can move sharply when big funds buy or sell. Resona's Q1 moves were part of a broader wave of portfolio reshuffling among institutional investors during the period, with multiple funds adjusting positions across the same names.
What These Moves Say About Resona's U.S. Strategy
Resona Asset Management is a Japanese firm, but its Q1 moves show a clear appetite for U.S. equities. The five companies span very different sectors — pest control, motorsport media, aerospace, cruise travel, and lab equipment. That mix suggests Resona is spreading risk rather than making a single sector bet.
The firm's largest single holding among the five is now Waters Corporation at $9.24 million, followed closely by Carnival at $8.52 million and Liberty Formula One at $8.25 million. All five positions grew during the quarter, with no reported sales or reductions across the group.
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