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
-$4,361,562
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% $40,599,584 5,238,656 Allspring Global Investments Holdings, LLC 31 Dec 2024
1607 Capital Partners, LLC 15% -7% $44,484,831 -$3,350,107 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 -$4,361,562 $10.54 46
2025 Q2 22,430,698 $216,226,836 +$1,972,810 $9.64 50
2025 Q1 22,279,377 $186,922,373 -$1,725,412 $8.39 51
2024 Q4 22,508,205 $172,637,929 -$90,081 $7.67 55
2024 Q3 22,546,170 $186,409,456 +$2,918,099 $8.27 54
2024 Q2 22,143,361 $167,840,898 +$2,794,204 $7.58 49
2024 Q1 21,815,806 $174,003,337 -$5,360,297 $7.98 49
2023 Q4 1,645 $10,785 $6.56 1
2023 Q3 22,311,155 $158,618,113 -$499,548 $7.11 51
2023 Q2 22,355,893 $160,986,768 -$1,765,438 $7.20 46
2023 Q1 22,617,903 $156,237,215 +$715,771 $6.91 48
2022 Q4 22,534,483 $146,098,172 +$2,390,966 $6.48 47
2022 Q3 22,139,767 $129,642,612 -$57,182 $5.86 44
2022 Q2 22,130,601 $139,961,367 -$631,523 $6.32 48
2022 Q1 22,224,827 $159,126,000 -$2,234,339 $7.16 48
2021 Q4 22,504,505 $177,130,000 -$47,794,436 $7.87 55
2021 Q3 22,724,803 $205,643,000 +$576,253 $9.05 48
2021 Q2 22,661,603 $204,422,000 +$199,316 $9.02 49
2021 Q1 22,637,938 $210,592,000 +$1,919,595 $9.30 49
2020 Q4 22,369,994 $202,268,000 -$781,672 $9.04 49
2020 Q3 22,460,416 $194,757,000 +$721,914 $8.67 43
2020 Q2 23,455,407 $183,409,000 +$993,561 $7.82 43
2020 Q1 22,223,364 $156,682,000 +$2,796,204 $7.05 45
2019 Q4 21,680,611 $193,852,000 -$1,899,423 $8.94 39
2019 Q3 21,586,844 $189,342,000 +$995,811 $8.77 41
2019 Q2 21,474,571 $182,617,000 +$533,708 $8.50 44
2019 Q1 21,751,823 $190,918,000 +$3,315,402 $8.77 45
2018 Q4 21,385,036 $177,836,000 +$1,997,588 $8.32 46
2018 Q3 20,998,101 $232,439,000 -$558,925 $11.07 52
2018 Q2 21,045,165 $244,797,000 +$3,440,685 $11.66 50
2018 Q1 20,749,691 $255,008,000 +$1,416,588 $12.29 51
2017 Q4 20,639,435 $243,746,000 -$6,722,232 $11.81 48
2017 Q3 21,187,489 $265,999,000 -$609,033 $12.56 46
2017 Q2 21,246,260 $243,896,284 -$1,165,497 $11.48 43
2017 Q1 21,350,283 $231,434,000 +$1,432,933 $10.84 42
2016 Q4 21,229,527 $206,421,000 -$476,621 $9.72 42
2016 Q3 21,239,526 $224,217,000 +$28,529,892 $10.55 46
2016 Q2 18,546,196 $181,380,929 -$19,302,404 $9.78 44
2016 Q1 20,567,867 $198,481,000 +$14,192,390 $9.65 42
2015 Q4 19,137,100 $195,740,000 +$4,960,112 $10.23 43
2015 Q3 18,668,434 $189,856,000 +$29,989,368 $10.17 42
2015 Q2 15,658,129 $168,945,656 -$12,003,550 $10.79 41
2015 Q1 16,960,893 $168,587,363 +$5,358,691 $9.94 41
2014 Q4 16,529,344 $148,264,839 +$4,480,107 $8.97 45
2014 Q3 13,895,521 $134,650,308 +$31,031,984 $9.69 41
2014 Q2 10,823,995 $102,296,153 +$598,517 $9.45 41
2014 Q1 10,240,425 $89,738,703 +$3,303,935 $8.76 41