Japan Smaller Capitalization Fund
JOF
56 hedge funds and large institutions have $243M invested in Japan Smaller Capitalization Fund in 2026 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
2% more funds holding
Funds holding: 55 → 56 (+1)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.44% less ownership
Funds ownership: 77.13% → 72.69% (-4.4%)
52% less capital inflows, than outflows
Capital inflows: $13.1M | Capital outflows: $27.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$3.96M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.99M |
| 3 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
+$1.85M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$951K |
| 5 |
Lazard Asset Management
New York
|
+$689K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$9.82M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$6.76M |
| 3 |
Morgan Stanley
New York
|
-$2.81M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.01M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$1.21M |
JOF Hedge Fund Activity: Q2 2026 in Review
56 of the 8,353 institutional investors tracked by Wall St. Rank reported a position in Japan Smaller Capitalization Fund (JOF) for Q2 2026, worth a combined $243M — up 1.8% from $238M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new JOF positions and 9 closed out — a net gain of 2 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.96M. The largest seller was 1607 Capital Partners, cutting an estimated $9.82M.
- 56 institutional investors held Japan Smaller Capitalization Fund (JOF) as of Q2 2026, up from 55 in Q1 2026.
- Funds reported $243M of Japan Smaller Capitalization Fund stock for Q2 2026, up 1.8% quarter-over-quarter.
- 11 funds opened new Japan Smaller Capitalization Fund positions in Q2 2026 and 9 closed out, a net change of +2 holders.
- The largest Japan Smaller Capitalization Fund buyer in Q2 2026 was Saba Capital Management, an estimated $3.96M added.
- The largest Japan Smaller Capitalization Fund seller in Q2 2026 was 1607 Capital Partners, an estimated $9.82M sold.
Based on aggregated 13F filings for Q2 2026.