Japan Smaller Capitalization Fund
JOF
42 hedge funds and large institutions have $206M invested in Japan Smaller Capitalization Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 22 reducing their positions, and 9 closing their positions.
0.03% less ownership
Funds ownership: 74.96% → 74.94% (-0.03%)
8% less capital invested
Capital invested by funds: $224M → $206M (-$17.8M)
13% less funds holding
Funds holding: 48 → 42 (-6)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
64% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 22
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$7.48M |
| 2 |
BIA
Barry Investment Advisors
New Bedford,
Massachusetts
|
+$1.35M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.06M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$425K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.43M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.27M |
| 3 |
Citigroup
New York
|
-$2.13M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$877K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$637K |
JOF Hedge Fund Activity: Q4 2016 in Review
42 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q4 2016, worth a combined $206M — down 7.9% from $224M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of JOF and 3 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 8 added.
The largest buyer was Bulldog Investors, adding an estimated $7.48M. The largest seller was Curi RMB Capital, cutting an estimated $3.43M.
- 42 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q4 2016, down from 48 in Q3 2016.
- Funds reported $206M of Japan Smaller Capitalization Fund stock for Q4 2016, down 7.9% quarter-over-quarter.
- 3 funds opened new Japan Smaller Capitalization Fund positions in Q4 2016 and 9 closed out, a net change of -6 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q4 2016 was Bulldog Investors, an estimated $7.48M added.
- The largest Japan Smaller Capitalization Fund seller in Q4 2016 was Curi RMB Capital, an estimated $3.43M sold.
Based on aggregated 13F filings for Q4 2016.