The cumulated stake of Romanian investors edged down to 27.22%, from 27.9% at the end of December.
The fund reported a total number of shareholders of 9,163 at the end of January, down from 9,363 in the previous month.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
Monday, Fondul Proprietatea closed flat at RON0.587 a share in Bucharest.