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JAPN

Horizon Kinetics Japan Owner Operator ETF
JAPN

14 hedge funds and large institutions have $10.5M invested in Horizon Kinetics Japan Owner Operator ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more capital invested

Capital invested by funds: $3.41M → $10.5M (+$7.14M)

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

56% more funds holding

Funds holding: 9 → 14 (+5)

9.49% more ownership

Funds ownership: 40.51% → 50% (+9.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
14
Holders Change
+5
Holders Change %
+55.56%
% of All Funds
0.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
5
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HKAM
Horizon Kinetics Asset Management
New York
+$4.32M
2
PHS
Pekin Hardy Strauss
Illinois
+$1.35M
3
OCPWS
One Charles Private Wealth Services
Massachusetts
+$565K
4
Citadel Advisors
Citadel Advisors
Florida
+$465K
5
SC
Scotia Capital
Ontario, Canada
+$434K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$744K
2
FTUS
Flow Traders U.S.
New York
-$217K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1K
Name Holding Trade Value Shares
Change 		Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$4.78M +$4.32M +154,057 +982%
PHS
2
Pekin Hardy Strauss
Illinois
$2.05M +$1.35M +47,985 +192%
SC
3
Scotia Capital
Ontario, Canada
$1.08M +$434K +15,476 +67%
OCPWS
4
One Charles Private Wealth Services
Massachusetts
$934K +$565K +20,134 +154%
Citadel Advisors
5
Citadel Advisors
Florida
$466K +$465K +16,555 New
YG
6
York GP
Cayman Islands
$281K – – –
QCM
7
Quantinno Capital Management
New York
$249K +$248K +8,852 New
AWP
8
Atlas Wealth Partners
Pennsylvania
$241K +$240K +8,550 New
DC
9
Davenport & Co
Virginia
$227K +$227K +8,083 New
Barclays
10
Barclays
United Kingdom
$155K +$154K +5,500 New
HNB
11
Hilltop National Bank
Wyoming
$33.8K +$33.7K +1,200 New
Osaic Holdings
12
Osaic Holdings
Arizona
$29.6K +$29.5K +1,050 New
SPIA
13
Steward Partners Investment Advisory
New York
$13.6K +$4.27K +152 +46%
UBS Group
14
UBS Group
Switzerland
$5.6K +$5.58K +199 New
Jane Street
15
Jane Street
New York
– -$744K -26,536 Closed
FTUS
16
Flow Traders U.S.
New York
– -$217K -7,749 Closed
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
– -$1K -45 Closed

JAPN Hedge Fund Activity: Q3 2025 in Review

14 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics Japan Owner Operator ETF (JAPN) for Q3 2025, worth a combined $10.5M — up 210% from $3.41M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new JAPN positions and 3 closed out — a net gain of 5 holders — while 5 added to existing stakes and 0 trimmed.

The largest buyer was Horizon Kinetics Asset Management, adding an estimated $4.32M. The largest seller was Jane Street, exiting entirely with an estimated $744K sold.

  • 14 institutional investors held Horizon Kinetics Japan Owner Operator ETF (JAPN) as of Q3 2025, up from 9 in Q2 2025.
  • Funds reported $10.5M of Horizon Kinetics Japan Owner Operator ETF stock for Q3 2025, up 210% quarter-over-quarter.
  • 8 funds opened new Horizon Kinetics Japan Owner Operator ETF positions in Q3 2025 and 3 closed out, a net change of +5 holders.
  • The largest Horizon Kinetics Japan Owner Operator ETF buyer in Q3 2025 was Horizon Kinetics Asset Management, an estimated $4.32M added.
  • The largest Horizon Kinetics Japan Owner Operator ETF seller in Q3 2025 was Jane Street, an estimated $744K sold.

Based on aggregated 13F filings for Q3 2025.