Japan Smaller Capitalization Fund
JOF
46 hedge funds and large institutions have $232M invested in Japan Smaller Capitalization Fund in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 22 reducing their positions, and 6 closing their positions.
7% more capital invested
Capital invested by funds: $216M → $232M (+$15.7M)
1.51% less ownership
Funds ownership: 79.17% → 77.65% (-1.5%)
8% less funds holding
Funds holding: 50 → 46 (-4)
45% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$4.66M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.74M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.45M |
| 4 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$1.09M |
| 5 |
MG
Marex Group
London,
|
+$278K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$7.85M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.7M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1M |
| 4 |
HC
Hara Capital
Bellevue,
Washington
|
-$775K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$669K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citadel Advisors
Miami,
Florida
| – | -$115K | -11,952 | Closed |
|
|
CA
52
CoreCap Advisors
Southfield,
Michigan
| – | -$19.3K | -2,000 | Closed |
|
JOF Hedge Fund Activity: Q3 2025 in Review
46 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q3 2025, worth a combined $232M — up 7.2% from $216M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of JOF and 2 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 12 added.
The largest buyer was Allspring Global Investments, adding an estimated $4.66M. The largest seller was City of London Investment Management, cutting an estimated $7.85M.
- 46 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q3 2025, down from 50 in Q2 2025.
- Funds reported $232M of Japan Smaller Capitalization Fund stock for Q3 2025, up 7.2% quarter-over-quarter.
- 2 funds opened new Japan Smaller Capitalization Fund positions in Q3 2025 and 6 closed out, a net change of -4 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q3 2025 was Allspring Global Investments, an estimated $4.66M added.
- The largest Japan Smaller Capitalization Fund seller in Q3 2025 was City of London Investment Management, an estimated $7.85M sold.
Based on aggregated 13F filings for Q3 2025.