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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
+5.2%
1 Year Est. Return
-35.69%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$271M
AUM Growth
-$12.8M
Cap. Flow
-$25.6M
Cap. Flow %
-9.47%
Top 10 Hldgs %
65.93%
Holding
74
New
7
Increased
18
Reduced
17
Closed
10

Top Buys

Rank Stock Value
1
DPG
Duff & Phelps Utility and Infrastructure Fund
DPG
+$3.52M
2
CEE
Central and Eastern Europe Fund
CEE
+$1.78M
3
EZA icon
iShares MSCI South Africa ETF
EZA
+$1.55M
4
RNP icon
Cohen & Steers REIT and Preferred and Income Fund
RNP
+$1.32M
5
TKF
Turkish Inv Fund
TKF
+$1.24M

Top Sells

Rank Stock Value
1
YINN icon
Direxion Daily FTSE China Bull 3X ETF
YINN
+$9.24M
2
FXI icon
iShares China Large-Cap ETF
FXI
+$7.5M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.78M
4
EPI icon
WisdomTree India Earnings Fund ETF
EPI
+$5.44M
5
PEO
Adams Natural Resources Fund
PEO
+$2.75M

Sector Composition

Rank Sector Weight
1 Financials 10.45%
2 Materials 2.03%
3 Real Estate 0.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GAM
1
General American Investors Company
GAM
$1.55B
$29.9M 11.05%
812,243
+6,500
+0.8% +$232K
ADX icon
2
Adams Diversified Equity Fund
ADX
$3.09B
$29.6M 10.93%
2,152,808
-114,969
-5% -$1.53M
TY icon
3
TRI-Continental Corp
TY
$1.85B
$28.3M 10.45%
1,348,408
– –
RVT icon
4
Royce Value Trust
RVT
$2.2B
$26M 9.59%
1,622,479
-96,746
-6% -$1.51M
PEO
5
Adams Natural Resources Fund
PEO
$742M
$15.6M 5.78%
521,647
-97,066
-16% -$2.75M
CET
6
Central Securities Corp
CET
$1.54B
$12.9M 4.76%
549,832
-8,620
-2% -$194K
USA icon
7
Liberty All-Star Equity Fund
USA
$1.79B
$12.5M 4.63%
2,086,488
– –
RMT
8
Royce Micro-Cap Trust
RMT
$733M
$8.29M 3.06%
657,177
-8,431
-1% -$102K
TTF
9
DELISTED
Thai Fund
TTF
$7.98M 2.95%
711,163
-37,136
-5% -$424K
BTF
10
DELISTED
BOULDER TOTAL RETURN FD INC
BTF
$7.36M 2.72%
286,809
+40,547
+16% +$1.01M
STEW
11
SRH Total Return Fund
STEW
$1.78B
$6.91M 2.55%
810,719
+141,400
+21% +$1.18M
IIF
12
Morgan Stanley India Investment Fund
IIF
$217M
$6.5M 2.4%
280,570
-58,297
-17% -$1.24M
DPG
13
Duff & Phelps Utility and Infrastructure Fund
DPG
$525M
$6.29M 2.32%
286,068
+169,068
+145% +$3.52M
BAA
14
DELISTED
Banro Corporation Common Stock
BAA
$5.49M 2.03%
1,148,217
– –
APF
15
DELISTED
Morgan Stanley Asia Pacific Fund
APF
$5.45M 2.01%
326,397
-164,063
-33% -$2.68M
CEE
16
Central and Eastern Europe Fund
CEE
$137M
$4.99M 1.84%
178,802
+67,687
+61% +$1.78M
MXE
17
Mexico Equity and Income Fund
MXE
$57.6M
$4.28M 1.58%
265,943
+74,961
+39% +$1.15M
LAQ
18
DELISTED
Aberdeen Latin America Equity Fund
LAQ
$4.28M 1.58%
143,121
+30,073
+27% +$879K
JEQ
19
DELISTED
abrdn Japan Equity Fund
JEQ
$2.54M 0.94%
357,832
+140,012
+64% +$936K
GLV
20
Clough Global Dividend & Income Fund
GLV
$78.1M
$2.08M 0.77%
134,535
-25,780
-16% -$391K
GF
21
New Germany Fund
GF
$184M
$2.06M 0.76%
110,090
– –
EWJ icon
22
iShares MSCI Japan ETF
EWJ
$22.1B
$2.03M 0.75%
42,125
– –
GDX icon
23
VanEck Gold Miners ETF
GDX
$23.5B
$1.98M 0.73%
75,000
– –
RNE
24
DELISTED
MORGAN STLY EASTEURO FD
RNE
$1.93M 0.71%
103,848
+67,968
+189% +$1.24M
KEF
25
DELISTED
Korea Equity Fund
KEF
$1.91M 0.71%
216,040
+36,173
+20% +$310K
1
2 3

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WI
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Gramercy Funds Management's Q2 2014 Portfolio in Review

As of Q2 2014, Gramercy Funds Management held 74 positions worth $271M, down 4.5% from $284M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Gramercy Funds Management withdrew a net $25.6M in Q2 2014, closing 10 positions and reducing 17 holdings. Its most notable exit was Direxion Daily FTSE China Bull 3X ETF, an estimated $9.24M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 9.5% a quarter earlier, followed by Materials and Real Estate.

Against the trend, Gramercy Funds Management opened a new position in iShares MSCI South Africa ETF worth $1.56M.

  • Gramercy Funds Management's largest Q2 2014 buy was iShares MSCI South Africa ETF: 22,700 shares worth $1.56M.
  • Gramercy Funds Management added most to Duff & Phelps Utility and Infrastructure Fund in Q2 2014, an estimated $3.52M increase.
  • Gramercy Funds Management's biggest Q2 2014 reduction was iShares China Large-Cap ETF, cutting an estimated $7.5M.
  • Gramercy Funds Management fully exited Direxion Daily FTSE China Bull 3X ETF in Q2 2014, selling an estimated $9.24M.
  • Gramercy Funds Management's ten largest holdings make up 66% of its $271M portfolio in Q2 2014.
  • Gramercy Funds Management opened 7 new positions and closed 10 in Q2 2014.
  • Gramercy Funds Management's portfolio value fell 4.5% quarter-over-quarter to $271M.

Based on Gramercy Funds Management's 13F filing for Q2 2014, filed 11 Aug 2014.