Japan Smaller Capitalization Fund
JOF
42 hedge funds and large institutions have $102M invested in Japan Smaller Capitalization Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
14% more capital invested
Capital invested by funds: $89.7M → $102M (+$12.6M)
5% more funds holding
Funds holding: 40 → 42 (+2)
2.22% more ownership
Funds ownership: 35.98% → 38.2% (+2.2%)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.38M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.58M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$857K |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$266K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.31M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$442K |
| 3 |
FWSM
First Wilshire Securities Management
Pasadena,
California
|
-$387K |
| 4 |
Morgan Stanley
New York
|
-$215K |
| 5 |
STI
Susquehanna Trust & Investment
Lititz,
Pennsylvania
|
-$157K |
JOF Hedge Fund Activity: Q2 2014 in Review
42 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q2 2014, worth a combined $102M — up 14% from $89.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new JOF positions and 1 closed out — a net gain of 2 holders — while 11 added to existing stakes and 14 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.38M. The largest seller was Lazard Asset Management, cutting an estimated $2.31M.
- 42 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q2 2014, up from 40 in Q1 2014.
- Funds reported $102M of Japan Smaller Capitalization Fund stock for Q2 2014, up 14% quarter-over-quarter.
- 3 funds opened new Japan Smaller Capitalization Fund positions in Q2 2014 and 1 closed out, a net change of +2 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q2 2014 was Karpus Investment Management, an estimated $5.38M added.
- The largest Japan Smaller Capitalization Fund seller in Q2 2014 was Lazard Asset Management, an estimated $2.31M sold.
Based on aggregated 13F filings for Q2 2014.