Japan Smaller Capitalization Fund
JOF
41 hedge funds and large institutions have $135M invested in Japan Smaller Capitalization Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 4 closing their positions.
32% more capital invested
Capital invested by funds: $102M → $135M (+$32.4M)
10.84% more ownership
Funds ownership: 38.2% → 49.04% (+11%)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
2% less funds holding
Funds holding: 42 → 41 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$24M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.98M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.14M |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.72M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.24M |
| 2 |
Lazard Asset Management
New York
|
-$789K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$565K |
| 4 |
FWSM
First Wilshire Securities Management
Pasadena,
California
|
-$191K |
| 5 |
STI
Susquehanna Trust & Investment
Lititz,
Pennsylvania
|
-$167K |
JOF Hedge Fund Activity: Q3 2014 in Review
41 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q3 2014, worth a combined $135M — up 32% from $102M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of JOF and 3 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 12 added.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $24M. The largest seller was Wolverine Asset Management, cutting an estimated $1.24M.
- 41 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q3 2014, down from 42 in Q2 2014.
- Funds reported $135M of Japan Smaller Capitalization Fund stock for Q3 2014, up 32% quarter-over-quarter.
- 3 funds opened new Japan Smaller Capitalization Fund positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest Japan Smaller Capitalization Fund buyer in Q3 2014 was Curi RMB Capital, an estimated $24M added.
- The largest Japan Smaller Capitalization Fund seller in Q3 2014 was Wolverine Asset Management, an estimated $1.24M sold.
Based on aggregated 13F filings for Q3 2014.