Japan Smaller Capitalization Fund
JOF
49 hedge funds and large institutions have $244M invested in Japan Smaller Capitalization Fund in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
7% more funds holding
Funds holding: 46 → 49 (+3)
1.93% less ownership
Funds ownership: 74.79% → 72.85% (-1.9%)
8% less capital invested
Capital invested by funds: $266M → $244M (-$22.3M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.02M |
| 2 |
Lazard Asset Management
New York
|
+$1.5M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.11M |
| 4 |
Morgan Stanley
New York
|
+$753K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIA
Barry Investment Advisors
New Bedford,
Massachusetts
|
-$5.62M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.17M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.71M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.5M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$853K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
William Blair & Company
Chicago,
Illinois
| – | -$264K | -21,001 | Closed |
|
|
BTS
52
BB&T Securities
Richmond,
Virginia
| – | -$211K | -16,775 | Closed |
|
|
DA
53
Doliver Advisors
Houston,
Texas
| – | -$185K | -14,709 | Closed |
|
54
Cohen & Steers
New York
| – | -$77K | -6,101 | Closed |
|
55
Citigroup
New York
| – | -$35K | -2,800 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$30K | -2,389 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$2K | -175 | Closed |
|
JOF Hedge Fund Activity: Q4 2017 in Review
49 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q4 2017, worth a combined $244M — down 8.4% from $266M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new JOF positions and 8 closed out — a net gain of 3 holders — while 9 added to existing stakes and 16 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $5.02M. The largest seller was Barry Investment Advisors, cutting an estimated $5.62M.
- 49 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q4 2017, up from 46 in Q3 2017.
- Funds reported $244M of Japan Smaller Capitalization Fund stock for Q4 2017, down 8.4% quarter-over-quarter.
- 11 funds opened new Japan Smaller Capitalization Fund positions in Q4 2017 and 8 closed out, a net change of +3 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q4 2017 was City of London Investment Management, an estimated $5.02M added.
- The largest Japan Smaller Capitalization Fund seller in Q4 2017 was Barry Investment Advisors, an estimated $5.62M sold.
Based on aggregated 13F filings for Q4 2017.