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JOF

Japan Smaller Capitalization Fund
JOF

51 hedge funds and large institutions have $255M invested in Japan Smaller Capitalization Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

4% more funds holding

Funds holding: 49 → 51 (+2)

5% more capital invested

Capital invested by funds: $244M → $255M (+$11.3M)

0.39% more ownership

Funds ownership: 72.85% → 73.24% (+0.39%)

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
51
Holders Change
+2
Holders Change %
+4.08%
% of All Funds
1.17%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
7
Increased
12
Reduced
14
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
COLIM
City of London Investment Management
United Kingdom
+$4.46M
2
CA
Cornerstone Advisors
North Carolina
+$1.96M
3
Cohen & Steers
Cohen & Steers
New York
+$1.73M
4
SAMC
Spectrum Asset Management (California)
California
+$699K
5
RJA
Raymond James & Associates
Florida
+$530K

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$2.71M
2
CRC
Curi RMB Capital
Illinois
-$1.11M
3
OA
Oxbow Advisors
Texas
-$1.02M
4
KIM
Karpus Investment Management
New York
-$828K
5
1CP
1607 Capital Partners
Virginia
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$244K +$244K +19,825 New
LCM
27
Landscape Capital Management
New Jersey
$241K +$61.6K +5,010 +34%
Stifel Financial
28
Stifel Financial
Missouri
$227K +$47.5K +3,864 +26%
LPL Financial
29
LPL Financial
California
$223K +$80.6K +6,550 +56%
BTS
30
BB&T Securities
Virginia
$206K +$206K +16,775 New
GC
31
Gratus Capital
Georgia
$190K -$7.38K -600 -4%
WAM
32
Weiss Asset Management
Massachusetts
$169K +$169K +13,735 New
WS
33
Wedbush Securities
California
$155K – – –
SKK
34
Shepherd Kaplan Krochuk
Massachusetts
$154K – – –
WT
35
Washington Trust
Rhode Island
$125K – – –
WA
36
WealthTrust Axiom
Pennsylvania
$124K – – –
DBT
37
Dubuque Bank & Trust
Iowa
$83K – – –
BBPWM
38
Blue Bell Private Wealth Management
Pennsylvania
$80K -$18.7K -1,520 -19%
JIR
39
James Investment Research
Ohio
$58K +$57.8K +4,700 New
UBS Group
40
UBS Group
Switzerland
$53K -$322K -26,164 -86%
SWM
41
SeaCrest Wealth Management
New York
$49K – – –
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$37K – – –
FIB
43
First Interstate Bank
Montana
$29K – – –
PFBT
44
Parkside Financial Bank & Trust
Missouri
$21K – – –
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$16K – – –
Barclays
46
Barclays
United Kingdom
$12K – – –
OMC
47
Oasis Management Company
Cayman Islands
$12K – – –
SEI Investments
48
SEI Investments
Pennsylvania
$12K +$10.8K +875 +700%
RFC
49
Regions Financial Corp
Alabama
$7K – – –
VFA
50
Valeo Financial Advisors
Indiana
$4K +$3.69K +300 New
1
2
3

JOF Hedge Fund Activity: Q1 2018 in Review

51 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2018, worth a combined $255M — up 4.6% from $244M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new JOF positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 14 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $4.46M. The largest seller was Lazard Asset Management, cutting an estimated $2.71M.

  • 51 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2018, up from 49 in Q4 2017.
  • Funds reported $255M of Japan Smaller Capitalization Fund stock for Q1 2018, up 4.6% quarter-over-quarter.
  • 7 funds opened new Japan Smaller Capitalization Fund positions in Q1 2018 and 5 closed out, a net change of +2 holders.
  • The largest Japan Smaller Capitalization Fund buyer in Q1 2018 was City of London Investment Management, an estimated $4.46M added.
  • The largest Japan Smaller Capitalization Fund seller in Q1 2018 was Lazard Asset Management, an estimated $2.71M sold.

Based on aggregated 13F filings for Q1 2018.