JOF 10% Owner Saba Capital Management, L.P. Buys $162K of Stock

Saba Capital Management, L.P. has increased its position in Japan Smaller Capitalization Fund Inc (JOF) by buying 13,133 shares on October 14, 2026. The purchase price was $12.33 per share, bringing the total investment to about $161,929.89.

Inside Saba Capital Management's Trade

Saba Capital Management is a 10% owner of Japan Smaller Capitalization Fund. This recent buy adds to their existing holdings, which now total 1,948,781 shares valued at approximately $23,171,006. This reflects a 21.7% increase in their stake since their last report on June 30, 2026.

Other Institutional Activity in Japan Smaller Capitalization Fund

Several other institutional investors have also changed their positions in Japan Smaller Capitalization Fund. Allspring Global Investments Holdings, LLC reduced its holdings by 592,295 shares, ending with 4,483,067 shares worth about $53,303,668. City of London Investment Management Co. Limited increased its stake by 174,473 shares, now holding 3,894,571 shares valued at approximately $46,306,450. Lazard Asset Management LLC added 60,213 shares, bringing its total to 3,560,978 shares worth about $42,340,029. 1607 Capital Partners, LLC decreased its holdings by 860,717 shares, now at 2,724,109 shares valued at $32,389,656.

Japan Smaller Capitalization Fund, Inc. Stock Down 1.2%

As of October 16, 2026, shares of Japan Smaller Capitalization Fund traded recently around $11.94, which is about 4.3% below its 50-day moving average of $12.48. The stock is currently 7.1% below its 52-week high of $12.85 but 17.6% above its 52-week low of $10.15.

Recent Earnings

Japan Smaller Capitalization Fund reported trailing twelve-month revenue of approximately $9,538,537 with an EPS of $5.06. The fund has shown impressive financial metrics, including a net margin of 1504.1% and a return on equity of 43.5%. The next earnings report is expected on November 15, 2026.

Insider Buying and Selling at Japan Smaller Capitalization Fund, Inc.

In recent trades, several directors have bought shares of Japan Smaller Capitalization Fund. Paige Ouimet, a Director, purchased 3,111 shares at $8.02 on December 11, 2024. Arthur Blake Laby, also a Director, bought 3,306 shares at $7.56 on January 13, 2025. David B Chemidlin acquired 2,000 shares at $10.90 on September 17, 2025, and Tina Jones bought 950 shares at $10.80 on December 22, 2025. All these transactions occurred before the recent buy by Saba Capital Management.

About Japan Smaller Capitalization Fund Inc

Japan Smaller Capitalization Fund Inc is a closed-ended equity mutual fund managed by Nomura Asset Management. The fund focuses on investing in publicly traded companies in Japan across various sectors. Its strategy aims to capture growth opportunities in smaller-cap stocks listed on major Japanese exchanges.

Bottom Line

Saba Capital Management's recent purchase fits into its broader strategy of investing in Japan Smaller Capitalization Fund. Investors will be watching for the upcoming earnings report on November 15, 2026, to gauge the fund's performance and market position.