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U.S. Mutual Fund Becomes Top Nintendo Shareholder

by rawmeatcowboy
22 May 2015
GN Version 5.0

An American mutual-fund company has become the largest shareholder in Nintendo Co., placing a growing bet on signs of a revival in the Japanese videogame company’s fortunes, a regulatory filing shows.

Capital Research & Management, the investment adviser to the American Funds family, owned a 16.4% stake in Nintendo as of this week, according to a filing with Japan’s Finance Ministry. That was up from 15.3% in early March.

Full report here