Japan Smaller Capitalization Fund
JOF
53 hedge funds and large institutions have $187M invested in Japan Smaller Capitalization Fund in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $176M → $187M (+$11.6M)
2.07% less ownership
Funds ownership: 80.82% → 78.75% (-2.1%)
5% less funds holding
Funds holding: 56 → 53 (-3)
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.38M |
| 2 |
Lazard Asset Management
New York
|
+$620K |
| 3 |
Morgan Stanley
New York
|
+$369K |
| 4 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$340K |
| 5 |
MG
Marex Group
London,
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hara Capital
Bellevue,
Washington
|
-$3.46M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.53M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.34M |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
-$774K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$437K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| $8.39K | – | – | – |
|
|
AA
52
Ancora Advisors
Cleveland,
Ohio
| $5.03K | – | – | – |
|
|
BC
53
Broadwater Capital
Boston,
Massachusetts
| $571 | -$851 | -107 | -61% |
|
|
RL
54
RPO LLC
Stamford,
Connecticut
| – | -$774K | -100,852 | Closed |
|
|
ICM
55
Ionic Capital Management
New York
| – | -$435K | -56,681 | Closed |
|
|
BFM
56
Boothbay Fund Management
New York
| – | -$396K | -51,595 | Closed |
|
|
IAA
57
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$300K | -39,150 | Closed |
|
58
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$170K | -22,129 | Closed |
|
59
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -598 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -250 | Closed |
|
JOF Hedge Fund Activity: Q1 2025 in Review
53 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2025, worth a combined $187M — up 6.6% from $176M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of JOF and 4 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, adding an estimated $4.38M. The largest seller was Hara Capital, cutting an estimated $3.46M.
- 53 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2025, down from 56 in Q4 2024.
- Funds reported $187M of Japan Smaller Capitalization Fund stock for Q1 2025, up 6.6% quarter-over-quarter.
- 4 funds opened new Japan Smaller Capitalization Fund positions in Q1 2025 and 7 closed out, a net change of -3 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q1 2025 was Saba Capital Management, an estimated $4.38M added.
- The largest Japan Smaller Capitalization Fund seller in Q1 2025 was Hara Capital, an estimated $3.46M sold.
Based on aggregated 13F filings for Q1 2025.