Japan Smaller Capitalization Fund
JOF
46 hedge funds and large institutions have $148M invested in Japan Smaller Capitalization Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
12% more funds holding
Funds holding: 41 → 46 (+5)
10% more capital invested
Capital invested by funds: $135M → $148M (+$13.6M)
9.3% more ownership
Funds ownership: 49.04% → 58.34% (+9.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.84M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.41M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.26M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$717K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$349K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$3.96M |
| 2 |
STI
Susquehanna Trust & Investment
Lititz,
Pennsylvania
|
-$1.27M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$898K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$835K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$368K |
JOF Hedge Fund Activity: Q4 2014 in Review
46 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q4 2014, worth a combined $148M — up 10% from $135M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new JOF positions and 2 closed out — a net gain of 6 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.84M. The largest seller was Lazard Asset Management, cutting an estimated $3.96M.
- 46 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q4 2014, up from 41 in Q3 2014.
- Funds reported $148M of Japan Smaller Capitalization Fund stock for Q4 2014, up 10% quarter-over-quarter.
- 8 funds opened new Japan Smaller Capitalization Fund positions in Q4 2014 and 2 closed out, a net change of +6 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q4 2014 was Wells Fargo, an estimated $4.84M added.
- The largest Japan Smaller Capitalization Fund seller in Q4 2014 was Lazard Asset Management, an estimated $3.96M sold.
Based on aggregated 13F filings for Q4 2014.