Raffles Associates LP Takes $1.31 Million Position in Japan Smaller Capitalization Fund, Inc. $JOF

Raffles Associates LP purchased a new position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 110,967 shares of the company’s stock, valued at approximately $1,307,000. Japan Smaller Capitalization Fund makes up about 1.1% of Raffles Associates LP’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of JOF. Bank of America Corp DE boosted its position in shares of Japan Smaller Capitalization Fund by 144.7% in the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after acquiring an additional 3,038 shares during the period. Lazard Asset Management LLC increased its holdings in Japan Smaller Capitalization Fund by 0.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,320,298 shares of the company’s stock worth $22,367,000 after acquiring an additional 19,460 shares during the period. Raymond James Financial Inc. lifted its stake in Japan Smaller Capitalization Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 101,127 shares of the company’s stock worth $1,066,000 after purchasing an additional 3,847 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Japan Smaller Capitalization Fund in the 3rd quarter worth approximately $215,000. Finally, Triasima Portfolio Management inc. boosted its holdings in Japan Smaller Capitalization Fund by 38.0% in the 4th quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company’s stock valued at $242,000 after purchasing an additional 6,000 shares during the period.

Japan Smaller Capitalization Fund Stock Performance

JOF opened at $12.60 on Friday. The company has a fifty day moving average price of $11.84 and a 200-day moving average price of $11.57. Japan Smaller Capitalization Fund, Inc. has a one year low of $9.94 and a one year high of $12.76.

Japan Smaller Capitalization Fund Company Profile

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.