Japan Smaller Capitalization Fund
JOF
47 hedge funds and large institutions have $178M invested in Japan Smaller Capitalization Fund in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 11 closing their positions.
1.37% more ownership
Funds ownership: 74.12% → 75.49% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
13% less funds holding
Funds holding: 54 → 47 (-7)
23% less capital invested
Capital invested by funds: $232M → $178M (-$54.6M)
43% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 21
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.68M |
| 3 |
Lazard Asset Management
New York
|
+$1.89M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.15M |
| 5 |
SCM
Salem Capital Management
Woburn,
Massachusetts
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.61M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.78M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$938K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$664K |
| 5 |
Cohen & Steers
New York
|
-$596K |
JOF Hedge Fund Activity: Q4 2018 in Review
47 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q4 2018, worth a combined $178M — down 23% from $232M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of JOF and 4 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 12 added.
The largest buyer was 1607 Capital Partners, adding an estimated $4.6M. The largest seller was Bulldog Investors, cutting an estimated $2.61M.
- 47 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q4 2018, down from 54 in Q3 2018.
- Funds reported $178M of Japan Smaller Capitalization Fund stock for Q4 2018, down 23% quarter-over-quarter.
- 4 funds opened new Japan Smaller Capitalization Fund positions in Q4 2018 and 11 closed out, a net change of -7 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q4 2018 was 1607 Capital Partners, an estimated $4.6M added.
- The largest Japan Smaller Capitalization Fund seller in Q4 2018 was Bulldog Investors, an estimated $2.61M sold.
Based on aggregated 13F filings for Q4 2018.