Japan Smaller Capitalization Fund
JOF
40 hedge funds and large institutions have $89.7M invested in Japan Smaller Capitalization Fund in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
5% more funds holding
Funds holding: 38 → 40 (+2)
0.41% more ownership
Funds ownership: 35.57% → 35.98% (+0.41%)
7% less capital invested
Capital invested by funds: $96.6M → $89.7M (-$6.9M)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.38M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.05M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.9M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$606K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$329K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.37M |
| 2 |
Lazard Asset Management
New York
|
-$1.07M |
| 3 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$713K |
| 4 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$403K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$279K |
JOF Hedge Fund Activity: Q1 2014 in Review
40 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2014, worth a combined $89.7M — down 7.1% from $96.6M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new JOF positions and 8 closed out — a net gain of 3 holders — while 7 added to existing stakes and 14 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.38M. The largest seller was Morgan Stanley, cutting an estimated $2.37M.
- 40 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2014, up from 38 in Q4 2013.
- Funds reported $89.7M of Japan Smaller Capitalization Fund stock for Q1 2014, down 7.1% quarter-over-quarter.
- 11 funds opened new Japan Smaller Capitalization Fund positions in Q1 2014 and 8 closed out, a net change of +3 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q1 2014 was Wells Fargo, an estimated $4.38M added.
- The largest Japan Smaller Capitalization Fund seller in Q1 2014 was Morgan Stanley, an estimated $2.37M sold.
Based on aggregated 13F filings for Q1 2014.