Japan Smaller Capitalization Fund
JOF
50 hedge funds and large institutions have $171M invested in Japan Smaller Capitalization Fund in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 8 closing their positions.
36% more capital inflows, than outflows
Capital inflows: $7.17M | Capital outflows: $5.27M
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
0.94% more ownership
Funds ownership: 78.75% → 79.7% (+0.94%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 51 → 50 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.47M |
| 2 |
1607 Capital Partners
Richmond,
Virginia
|
+$1.33M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$592K |
| 4 |
RA
Raffles Associates
New York
|
+$562K |
| 5 |
City of London Investment Management
London,
United Kingdom
|
+$382K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.24M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.03M |
| 3 |
GIM
Guild Investment Management
Los Angeles,
California
|
-$618K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$359K |
| 5 |
Morgan Stanley
New York
|
-$250K |
JOF Hedge Fund Activity: Q4 2023 in Review
50 of the 6,875 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q4 2023, worth a combined $171M — up 8% from $159M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of JOF and 7 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 17 added.
The largest buyer was Almitas Capital, adding an estimated $1.47M. The largest seller was Lazard Asset Management, cutting an estimated $2.24M.
- 50 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q4 2023, down from 51 in Q3 2023.
- Funds reported $171M of Japan Smaller Capitalization Fund stock for Q4 2023, up 8% quarter-over-quarter.
- 7 funds opened new Japan Smaller Capitalization Fund positions in Q4 2023 and 8 closed out, a net change of -1 holder.
- The largest Japan Smaller Capitalization Fund buyer in Q4 2023 was Almitas Capital, an estimated $1.47M added.
- The largest Japan Smaller Capitalization Fund seller in Q4 2023 was Lazard Asset Management, an estimated $2.24M sold.
Based on aggregated 13F filings for Q4 2023.