JAPAN SMALLER CAPITALIZATION FUND INC - Common Shares, $0.1 par value (JOF) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Shares, $0.1 par value
Symbol
JOF on NYSE
Shares outstanding
28,358,032
Price per share
$11.08
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
22,002,314
Total reported value
$231,897,073
% of total 13F portfolios
0%
Share change
-428,384
Value change
-$4,361,559
Number of holders
46
Price from insider filings
$11.08
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of JAPAN SMALLER CAPITALIZATION FUND INC - Common Shares, $0.1 par value (JOF) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Allspring Global Investments Holdings, LLC 18% $45,995,400 5,238,656 Allspring Global Investments Holdings, LLC 31 Dec 2024
1607 Capital Partners, LLC 15% -7% $41,043,311 -$3,090,930 4,248,790 -7% 1607 Capital Partners, LLC 30 Jun 2025
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 12% $37,101,517 3,520,068 City of London Investment Management Company Limited 30 Sep 2025
LAZARD ASSET MANAGEMENT LLC 12% +52% $35,774,647 +$12,122,032 3,480,024 +51% Lazard Asset Management LLC 28 Nov 2025
Saba Capital Management, L.P. 4.9% -4.4% $15,490,405 -$682,439 1,398,051 -4.2% Saba Capital Management, L.P. 20 Jan 2026

As of 30 Sep 2025, 46 institutional investors reported holding 22,002,314 shares of JAPAN SMALLER CAPITALIZATION FUND INC - Common Shares, $0.1 par value (JOF). This represents 78% of the company’s total 28,358,032 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of JAPAN SMALLER CAPITALIZATION FUND INC - Common Shares, $0.1 par value (JOF) together control 77% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Allspring Global Investments Holdings, LLC 19% 5,487,892 +9% 0.09% $57,842,382
1607 Capital Partners, LLC 15% 4,151,303 -2.3% 3.3% $43,754,734
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 12% 3,520,068 -18% 2.7% $37,101,517
LAZARD ASSET MANAGEMENT LLC 8.2% 2,313,023 -0.31% 0.03% $24,379,262
Saba Capital Management, L.P. 8% 2,276,584 +8% 0.79% $23,995,195
BANK OF AMERICA CORP /DE/ 2.8% 792,100 -0.37% 0% $8,348,734
Karpus Management, Inc. 2.3% 662,088 -20% 0.22% $6,978,408
Almitas Capital LLC 1.7% 481,642 -5.9% 1.2% $5,076,507
MORGAN STANLEY 1.1% 311,335 -0.84% 0% $3,281,474
Bulldog Investors, LLP 0.77% 217,948 +184% 0.53% $2,297,172
Pekin Hardy Strauss, Inc. 0.7% 197,467 +116% 0.21% $2,081,302
Mraz, Amerine & Associates, Inc. 0.55% 155,051 +6.7% 0.25% $1,634,238
RAFFLES ASSOCIATES LP 0.52% 147,289 +6.1% 1.4% $1,552,426
Barry Investment Advisors, LLC 0.52% 146,710 -2.2% 0.35% $1,543,145
Kovitz Investment Group Partners, LLC 0.47% 131,934 -14% 0.01% $1,390,591
Hara Capital LLC 0.45% 128,412 -37% 0.8% $1,353,462
RAYMOND JAMES FINANCIAL INC 0.36% 101,127 +4% 0% $1,065,874
Shaker Financial Services, LLC 0.34% 97,575 0% 0.35% $1,028,441
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.26% 73,306 +27% 0.12% $772,645
Baird Financial Group, Inc. 0.23% 65,663 0% 0% $692,088
CIBC WORLD MARKET INC. 0.21% 58,700 +48% 0% $618,698
Noble Wealth Management PBC 0.19% 53,245 0.3% $561,202
Hudson Portfolio Management LLC 0.18% 50,781 -1.4% 0.47% $535,232
BARD ASSOCIATES INC 0.17% 47,759 -1.5% 0.13% $503,380
BAROMETER CAPITAL MANAGEMENT INC. 0.15% 42,500 -18% 0.1% $444,032

Institutional Holders of JAPAN SMALLER CAPITALIZATION FUND INC - Common Shares, $0.1 par value (JOF) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 5,752,862 $63,741,716 +$49,848 $11.08 8
2025 Q3 22,002,314 $231,897,073 -$4,361,559 $10.54 46
2025 Q2 22,430,698 $216,226,836 +$1,972,812 $9.64 50
2025 Q1 22,279,445 $186,922,944 -$1,726,313 $8.39 52
2024 Q4 22,674,172 $173,910,899 -$100,669 $7.67 57
2024 Q3 22,539,745 $186,356,321 +$2,863,529 $8.27 55
2024 Q2 22,143,536 $167,842,225 +$2,794,185 $7.58 50
2024 Q1 21,815,981 $174,004,734 -$5,612,674 $7.98 50
2023 Q4 22,577,946 $171,352,447 +$375,581 $7.59 50
2023 Q3 22,311,155 $158,618,113 -$499,548 $7.11 51
2023 Q2 22,355,893 $160,986,768 -$1,765,444 $7.20 46
2023 Q1 22,617,903 $156,237,215 +$715,771 $6.91 48
2022 Q4 22,534,483 $146,098,172 +$2,391,741 $6.48 47
2022 Q3 22,143,382 $129,663,675 -$57,351 $5.86 45
2022 Q2 22,130,601 $139,961,162 -$631,540 $6.32 48
2022 Q1 22,225,446 $159,129,958 -$2,358,633 $7.16 49
2021 Q4 22,504,505 $177,130,131 -$47,800,736 $7.87 55
2021 Q3 22,724,803 $205,643,437 +$549,194 $9.05 48
2021 Q2 22,664,603 $204,448,997 +$199,313 $9.02 50
2021 Q1 22,640,938 $210,619,835 +$1,919,588 $9.30 50
2020 Q4 22,372,994 $202,295,057 -$781,625 $9.04 50
2020 Q3 22,463,416 $194,783,010 +$747,932 $8.67 44
2020 Q2 23,455,407 $183,409,000 +$989,548 $7.82 44
2020 Q1 22,223,364 $156,682,000 +$2,797,484 $7.05 45
2019 Q4 21,817,843 $195,080,000 -$751,590 $8.94 40
2019 Q3 21,586,844 $189,342,000 +$995,831 $8.77 41
2019 Q2 21,474,571 $182,617,000 +$533,717 $8.50 44
2019 Q1 21,751,823 $190,918,000 +$3,315,399 $8.77 45
2018 Q4 21,385,036 $177,836,000 +$1,997,580 $8.32 46
2018 Q3 20,998,101 $232,439,000 -$558,972 $11.07 52
2018 Q2 21,045,165 $244,797,000 +$3,440,681 $11.66 50
2018 Q1 20,749,691 $255,008,000 +$1,409,079 $12.29 51
2017 Q4 20,639,435 $243,746,000 -$6,722,256 $11.81 48
2017 Q3 21,187,489 $265,999,000 -$609,014 $12.56 46
2017 Q2 21,246,260 $243,896,284 -$1,165,488 $11.48 43
2017 Q1 21,350,283 $231,434,000 +$1,432,936 $10.84 42
2016 Q4 21,229,527 $206,421,000 -$477,634 $9.72 42
2016 Q3 21,239,668 $224,218,000 +$28,529,883 $10.55 47
2016 Q2 18,546,338 $181,381,929 -$19,282,284 $9.78 45
2016 Q1 20,567,867 $198,481,000 +$14,190,976 $9.65 42
2015 Q4 19,137,100 $195,740,000 +$4,960,116 $10.23 43
2015 Q3 18,668,434 $189,856,000 +$29,989,266 $10.17 42
2015 Q2 15,658,829 $168,953,656 -$12,016,207 $10.79 42
2015 Q1 16,962,693 $168,605,363 +$5,220,334 $9.94 42
2014 Q4 16,529,344 $148,264,839 +$4,480,109 $8.97 45
2014 Q3 13,895,521 $134,650,308 +$31,029,762 $9.69 41
2014 Q2 10,823,995 $102,296,153 +$598,546 $9.45 41
2014 Q1 10,240,425 $89,738,703 +$3,303,927 $8.76 41