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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
+1.84%
1 Year Est. Return
-35.69%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$237M
AUM Growth
-$101M
(-30%)
Cap. Flow
-$117M
Cap. Flow
% of AUM
-49.12%
Top 10 Holdings %
Top 10 Hldgs %
66.32%
Holding
75
New
1
Increased
10
Reduced
32
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.27M |
| 2 |
iShares MSCI South Africa ETF
EZA
|
+$1.55M |
| 3 |
Liberty All-Star Equity Fund
USA
|
+$1.52M |
| 4 |
BlackRock Resources & Commodities Strategy Trust
BCX
|
+$605K |
| 5 |
MXF
Mexico Fund
MXF
|
+$447K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YPF
YPF
|
+$111M |
| 2 |
IIF
Morgan Stanley India Investment Fund
IIF
|
+$2.45M |
| 3 |
CAF
Morgan Stanley China A Share Fund
CAF
|
+$2.14M |
| 4 |
Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
|
+$2.06M |
| 5 |
MGU
Macquarie Global Infrastructure Total Return Fund, Inc.
MGU
|
+$1.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 10.44% |
| 2 | Energy | 4.6% |
| 3 | Materials | 1.03% |
| 4 | Consumer Discretionary | 0.49% |
| 5 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Royce Value Trust
RVT
$2.2B
| $22.6M | 9.54% |
1,922,987
+2,694
| +0.1% | +$31.8K |
|
2
TRI-Continental Corp
TY
$1.85B
| $22.1M | 9.32% |
1,076,514
-1,000
| -0.1% | -$20.2K |
|
|
GAM
3
General American Investors Company
GAM
$1.55B
| $21.9M | 9.22% |
709,309
-17,348
| -2% | -$539K |
|
4
Adams Diversified Equity Fund
ADX
$3.09B
| $21.1M | 8.89% |
1,664,244
-14,175
| -0.8% | -$179K |
|
|
5
Liberty All-Star Equity Fund
USA
$1.79B
| $18.9M | 7.95% |
3,757,208
+303,637
| +9% | +$1.52M |
|
|
CET
6
Central Securities Corp
CET
$1.55B
| $14.4M | 6.06% |
731,422
-409
| -0.1% | -$8.01K |
|
|
STEW
7
SRH Total Return Fund
STEW
$1.78B
| $12M | 5.05% |
1,474,815
-630
| -0% | -$5.03K |
|
|
8
YPF
YPF
$20.4B
| $10.9M | 4.61% |
568,943
-5,586,519
| -91% | -$111M |
|
|
CAF
9
Morgan Stanley China A Share Fund
CAF
$325M
| $6.86M | 2.89% |
383,841
-124,764
| -25% | -$2.14M |
|
|
10
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $6.64M | 2.8% |
31,700
+30,200
| +2,013% | +$6.27M |
|
|
AOD
11
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
| $5.16M | 2.17% |
710,206
-2,012
| -0.3% | -$15K |
|
|
TTF
12
DELISTED
Thai Fund
TTF
| $5.11M | 2.16% |
646,462
-19,304
| -3% | -$146K |
|
|
RMT
13
Royce Micro-Cap Trust
RMT
$733M
| $4.8M | 2.02% |
654,140
-63,920
| -9% | -$466K |
|
|
KF
14
Korea Fund
KF
$237M
| $4.59M | 1.93% |
141,841
-8,300
| -6% | -$265K |
|
|
SWZ
15
Swiss Helvetia Fund
SWZ
$76.4M
| $4.22M | 1.78% |
407,936
-9,901
| -2% | -$102K |
|
|
LAQ
16
DELISTED
Aberdeen Latin America Equity Fund
LAQ
| $3.66M | 1.54% |
181,866
+4,255
| +2% | +$79.6K |
|
|
JOF
17
Japan Smaller Capitalization Fund
JOF
$322M
| $3.24M | 1.36% |
330,841
| – | – |
|
|
JEQ
18
DELISTED
abrdn Japan Equity Fund
JEQ
| $3.22M | 1.36% |
420,208
-19,992
| -5% | -$151K |
|
|
APF
19
DELISTED
Morgan Stanley Asia Pacific Fund
APF
| $3.09M | 1.3% |
224,189
| – | – |
|
|
JFC
20
DELISTED
JPMorgan China Region Fund, Inc.
JFC
| $2.86M | 1.2% |
187,878
-27,116
| -13% | -$400K |
|
|
MXE
21
Mexico Equity and Income Fund
MXE
$57.6M
| $2.66M | 1.12% |
244,247
-24,415
| -9% | -$267K |
|
22
Calamos Strategic Total Return Fund
CSQ
$3.21B
| $2.65M | 1.12% |
267,812
-73,988
| -22% | -$725K |
|
|
BAA
23
DELISTED
Banro Corporation Common Stock
BAA
| $2.43M | 1.03% |
829,425
| – | – |
|
|
24
iShares MSCI South Africa ETF
EZA
$551M
| $2.27M | 0.96% |
42,840
+29,800
| +229% | +$1.55M |
|
|
RSX
25
DELISTED
VanEck Russia ETF
RSX
| $2.13M | 0.9% |
122,000
| – | – |
|
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Gramercy Funds Management's Q2 2016 Portfolio in Review
As of Q2 2016, Gramercy Funds Management held 75 positions worth $237M, down 30% from $338M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Gramercy Funds Management withdrew a net $117M in Q2 2016, closing 16 positions and reducing 32 holdings. Its most notable exit was Direxion Daily MSCI Emerging Markets Bull 3X ETF, an estimated $2.06M position sold in full.
By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 7.4% a quarter earlier, followed by Energy and Materials.
Against the trend, Gramercy Funds Management opened a new position in ProShares Ultra MSCI Brazil Capped worth $156K.
- Gramercy Funds Management's largest Q2 2016 buy was ProShares Ultra MSCI Brazil Capped: 3,200 shares worth $156K.
- Gramercy Funds Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2016, an estimated $6.27M increase.
- Gramercy Funds Management's biggest Q2 2016 reduction was YPF, cutting an estimated $111M.
- Gramercy Funds Management fully exited Direxion Daily MSCI Emerging Markets Bull 3X ETF in Q2 2016, selling an estimated $2.06M.
- Gramercy Funds Management's ten largest holdings make up 66% of its $237M portfolio in Q2 2016.
- Gramercy Funds Management opened 1 new position and closed 16 in Q2 2016.
- Gramercy Funds Management's portfolio value fell 30% quarter-over-quarter to $237M.
Based on Gramercy Funds Management's 13F filing for Q2 2016, filed 10 Aug 2016.