Japan Smaller Capitalization Fund
JOF
51 hedge funds and large institutions have $255M invested in Japan Smaller Capitalization Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
15% more capital inflows, than outflows
Capital inflows: $11M | Capital outflows: $9.6M
4% more funds holding
Funds holding: 49 → 51 (+2)
0.39% more ownership
Funds ownership: 72.85% → 73.24% (+0.39%)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
City of London Investment Management
London,
United Kingdom
|
+$4.46M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.96M |
| 3 |
Cohen & Steers
New York
|
+$1.73M |
| 4 |
SAMC
Spectrum Asset Management (California)
Newport Beach,
California
|
+$699K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
+$530K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.71M |
| 2 |
Curi RMB Capital
Chicago,
Illinois
|
-$1.11M |
| 3 |
Oxbow Advisors
Austin,
Texas
|
-$1.02M |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
-$828K |
| 5 |
1607 Capital Partners
Richmond,
Virginia
|
-$745K |
JOF Hedge Fund Activity: Q1 2018 in Review
51 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2018, worth a combined $255M — up 4.6% from $244M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new JOF positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 14 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $4.46M. The largest seller was Lazard Asset Management, cutting an estimated $2.71M.
- 51 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2018, up from 49 in Q4 2017.
- Funds reported $255M of Japan Smaller Capitalization Fund stock for Q1 2018, up 4.6% quarter-over-quarter.
- 7 funds opened new Japan Smaller Capitalization Fund positions in Q1 2018 and 5 closed out, a net change of +2 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q1 2018 was City of London Investment Management, an estimated $4.46M added.
- The largest Japan Smaller Capitalization Fund seller in Q1 2018 was Lazard Asset Management, an estimated $2.71M sold.
Based on aggregated 13F filings for Q1 2018.