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GFM

Gramercy Funds Management Portfolio holdings

AUM $6.07M
1-Year Est. Return 35.69%
This Fund
S&P 500
This Quarter Est. Return
+2.94%
1 Year Est. Return
-35.69%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$318M
AUM Growth
-$113M
Cap. Flow
-$127M
Cap. Flow %
-40%
Top 10 Hldgs %
64.01%
Holding
80
New
20
Increased
23
Reduced
24
Closed
7

Top Buys

Rank Stock Value
1
YINN icon
Direxion Daily FTSE China Bull 3X ETF
YINN
+$12.4M
2
TUR icon
iShares MSCI Turkey ETF
TUR
+$7.83M
3
FXI icon
iShares China Large-Cap ETF
FXI
+$7.27M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$3.79M
5
TTF
Thai Fund
TTF
+$2.98M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$49.7M
2
DXJ icon
WisdomTree Japan Hedged Equity Fund
DXJ
+$45.3M
3
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$18.8M
4
EWP icon
iShares MSCI Spain ETF
EWP
+$16.5M
5
EFA icon
iShares MSCI EAFE ETF
EFA
+$14.8M

Sector Composition

Rank Sector Weight
1 Financials 8.59%
2 Materials 1.51%
3 Technology 0.05%
4 Real Estate 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADX icon
1
Adams Diversified Equity Fund
ADX
$3.09B
$31.7M 9.99%
2,426,141
-104,545
-4% -$1.33M
RVT icon
2
Royce Value Trust
RVT
$2.2B
$28.8M 9.07%
1,798,657
-120,537
-6% -$1.84M
GAM
3
General American Investors Company
GAM
$1.55B
$28.4M 8.93%
805,743
-3,658
-0.5% -$127K
TY icon
4
TRI-Continental Corp
TY
$1.85B
$27.3M 8.59%
1,365,347
-97,174
-7% -$1.86M
EEM icon
5
iShares MSCI Emerging Markets ETF
EEM
$28.6B
$22.9M 7.22%
548,700
-270,600
-33% -$11.3M
PEO
6
Adams Natural Resources Fund
PEO
$742M
$16.3M 5.13%
618,713
-179,416
-22% -$4.73M
CET
7
Central Securities Corp
CET
$1.54B
$13M 4.1%
599,964
-28,760
-5% -$651K
USA icon
8
Liberty All-Star Equity Fund
USA
$1.79B
$12.5M 3.92%
2,086,488
+44,518
+2% +$254K
YINN icon
9
Direxion Daily FTSE China Bull 3X ETF
YINN
$782M
$12.2M 3.83%
20,200
+19,630
+3,444% +$12.4M
TTF
10
DELISTED
Thai Fund
TTF
$10.2M 3.22%
562,906
+148,750
+36% +$2.98M
RMT
11
Royce Micro-Cap Trust
RMT
$733M
$8.75M 2.76%
694,108
+236,570
+52% +$2.89M
VWO icon
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$8.13M 2.56%
197,525
+91,900
+87% +$3.79M
APF
13
DELISTED
Morgan Stanley Asia Pacific Fund
APF
$8.12M 2.56%
490,460
+8,200
+2% +$138K
FXI icon
14
iShares China Large-Cap ETF
FXI
$4.37B
$7.35M 2.32%
191,600
+190,500
+17,318% +$7.27M
TUR icon
15
iShares MSCI Turkey ETF
TUR
$198M
$6.76M 2.13%
+141,800
New +$7.83M
IIF
16
Morgan Stanley India Investment Fund
IIF
$217M
$5.92M 1.87%
338,867
-81,116
-19% -$1.36M
BTF
17
DELISTED
BOULDER TOTAL RETURN FD INC
BTF
$5.67M 1.78%
246,262
-122,675
-33% -$2.75M
STEW
18
SRH Total Return Fund
STEW
$1.78B
$5.38M 1.69%
669,319
-39,937
-6% -$313K
BAA
19
DELISTED
Banro Corporation Common Stock
BAA
$4.79M 1.51%
861,162
+333,292
+63% +$2.21M
GLV
20
Clough Global Dividend & Income Fund
GLV
$78.1M
$3.21M 1.01%
209,272
– –
NIE
21
Virtus Equity & Convertible Income Fund
NIE
$712M
$2.84M 0.89%
145,417
-45,078
-24% -$863K
MXE
22
Mexico Equity and Income Fund
MXE
$57.6M
$2.2M 0.69%
147,969
+5,081
+4% +$80.8K
ECF
23
Ellsworth Growth & Income Fund
ECF
$167M
$2.15M 0.68%
262,026
-47,400
-15% -$380K
EEA
24
European Equity Fund
EEA
$75.4M
$2.14M 0.67%
238,911
-2,400
-1% -$20.4K
ISL
25
DELISTED
Aberdeen Israel Fund
ISL
$2.06M 0.65%
122,015
+3,700
+3% +$60.3K
1
2 3 4

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BM
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WI
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SAS
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LA
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OFC
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SA
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AI
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Gramercy Funds Management's Q4 2013 Portfolio in Review

As of Q4 2013, Gramercy Funds Management held 80 positions worth $318M, down 26% from $431M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Gramercy Funds Management withdrew a net $127M in Q4 2013, closing 7 positions and reducing 24 holdings. Its most notable exit was abrdn Total Dynamic Dividend Fund, an estimated $609K position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.6% of assets, up from 6.2% a quarter earlier, followed by Materials and Technology.

Against the trend, Gramercy Funds Management opened a new position in iShares MSCI Turkey ETF worth $6.76M.

  • Gramercy Funds Management's largest Q4 2013 buy was iShares MSCI Turkey ETF: 141,800 shares worth $6.76M.
  • Gramercy Funds Management added most to Direxion Daily FTSE China Bull 3X ETF in Q4 2013, an estimated $12.4M increase.
  • Gramercy Funds Management's biggest Q4 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $49.7M.
  • Gramercy Funds Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2013, selling an estimated $609K.
  • Gramercy Funds Management's ten largest holdings make up 64% of its $318M portfolio in Q4 2013.
  • Gramercy Funds Management opened 20 new positions and closed 7 in Q4 2013.
  • Gramercy Funds Management's portfolio value fell 26% quarter-over-quarter to $318M.

Based on Gramercy Funds Management's 13F filing for Q4 2013, filed 29 Jan 2014.