Japan Smaller Capitalization Fund
JOF
55 hedge funds and large institutions have $238M invested in Japan Smaller Capitalization Fund in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
8% more funds holding
Funds holding: 51 → 55 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.75% less ownership
Funds ownership: 77.88% → 77.13% (-0.75%)
18% less capital inflows, than outflows
Capital inflows: $13.4M | Capital outflows: $16.4M
30% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$2.92M |
| 2 |
Morgan Stanley
New York
|
+$2.76M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.75M |
| 4 |
ACM
Altium Capital Management
New York
|
+$1.26M |
| 5 |
LPL Financial
San Diego,
California
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$4.8M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.64M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.48M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.44M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.29M |
JOF Hedge Fund Activity: Q1 2026 in Review
55 of the 8,210 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q1 2026, worth a combined $238M — down 2.8% from $245M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new JOF positions and 5 closed out — a net gain of 4 holders — while 14 added to existing stakes and 20 trimmed.
The largest buyer was Verition Fund Management, opening a new position worth an estimated $2.92M. The largest seller was Allspring Global Investments, cutting an estimated $4.8M.
- 55 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q1 2026, up from 51 in Q4 2025.
- Funds reported $238M of Japan Smaller Capitalization Fund stock for Q1 2026, down 2.8% quarter-over-quarter.
- 9 funds opened new Japan Smaller Capitalization Fund positions in Q1 2026 and 5 closed out, a net change of +4 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q1 2026 was Verition Fund Management, an estimated $2.92M added.
- The largest Japan Smaller Capitalization Fund seller in Q1 2026 was Allspring Global Investments, an estimated $4.8M sold.
Based on aggregated 13F filings for Q1 2026.