Japan Smaller Capitalization Fund
JOF
46 hedge funds and large institutions have $157M invested in Japan Smaller Capitalization Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
15% more funds holding
Funds holding: 40 → 46 (+6)
1.43% more ownership
Funds ownership: 77.01% → 78.44% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
20% less capital invested
Capital invested by funds: $195M → $157M (-$38.4M)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.71M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.25M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$886K |
| 4 |
OMC
Oasis Management Company
Grand Cayman,
Cayman Islands
|
+$858K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.19M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.99M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.19M |
| 4 |
BIA
Barry Investment Advisors
New Bedford,
Massachusetts
|
-$545K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$246K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIB
51
First Interstate Bank
Billings,
Montana
| – | -$2K | -200 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | +$8 | +1 | New |
|
JOF Hedge Fund Activity: Q1 2020 in Review
46 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2020, worth a combined $157M — down 20% from $195M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new JOF positions and 6 closed out — a net gain of 8 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $2.71M. The largest seller was Raymond James & Associates, cutting an estimated $2.19M.
- 46 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2020, up from 40 in Q4 2019.
- Funds reported $157M of Japan Smaller Capitalization Fund stock for Q1 2020, down 20% quarter-over-quarter.
- 14 funds opened new Japan Smaller Capitalization Fund positions in Q1 2020 and 6 closed out, a net change of +8 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q1 2020 was Matisse Capital, an estimated $2.71M added.
- The largest Japan Smaller Capitalization Fund seller in Q1 2020 was Raymond James & Associates, an estimated $2.19M sold.
Based on aggregated 13F filings for Q1 2020.