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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
-16.54%
1 Year Est. Return
-35.69%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$148M
AUM Growth
-$47.5M
(-24%)
Cap. Flow
-$25.6M
Cap. Flow
% of AUM
-17.34%
Top 10 Holdings %
Top 10 Hldgs %
96.18%
Holding
18
New
1
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vale
VALE
|
+$4.61M |
| 2 |
VAL
Valaris plc Class A Ordinary Share
VAL
|
+$1.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CZZ
Cosan Limited
CZZ
|
+$19M |
| 2 |
BRFS
BRF SA
BRFS
|
+$10.6M |
| 3 |
GREK
Global X MSCI Greece ETF
GREK
|
+$956K |
| 4 |
YPF
YPF
|
+$674K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 26.46% |
| 2 | Materials | 16.68% |
| 3 | Consumer Staples | 2.43% |
| 4 | Financials | 1.06% |
| 5 | Industrials | 0.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $75.6M | 51.19% |
1,850,000
| – | – |
|
2
GeoPark
GPRK
$622M
| $22.1M | 14.98% |
1,207,061
| – | – |
|
|
3
Vale
VALE
$63.8B
| $15.4M | 10.44% |
1,341,380
+380,040
| +40% | +$4.61M |
|
4
Gerdau
GGB
$9.74B
| $9.21M | 6.23% |
3,682,308
| – | – |
|
5
TechnipFMC
FTI
$27.5B
| $5.14M | 3.48% |
286,406
| – | – |
|
|
6
YPF
YPF
$20.4B
| $3.87M | 2.62% |
417,786
-52,291
| -11% | -$674K |
|
7
Compañía de Cervecerías Unidas
CCU
$2.16B
| $3.6M | 2.43% |
162,000
| – | – |
|
8
Tidewater
TDW
$3.65B
| $2.82M | 1.91% |
186,576
| – | – |
|
9
Transocean
RIG
$5.62B
| $2.71M | 1.84% |
607,175
| – | – |
|
10
Banco Macro
BMA
$6.02B
| $1.56M | 1.06% |
60,000
| – | – |
|
11
Transportadora de Gas del Sur
TGS
$4.73B
| $1.49M | 1.01% |
182,259
| – | – |
|
12
Pampa Energía
PAM
$4.77B
| $1.27M | 0.86% |
73,196
| – | – |
|
13
CALL
Bausch Health
BHC
$2.25B
| $1.14M | 0.77% |
52,200
| – | – |
|
|
VAL
14
DELISTED
Valaris plc Class A Ordinary Share
VAL
| $915K | 0.62% |
+190,186
| New | +$1.02M |
|
|
15
Bausch Health
BHC
$2.25B
| $819K | 0.55% |
37,500
| – | – |
|
|
BRFS
16
DELISTED
BRF SA
BRFS
| – | – |
-1,396,003
| Closed | -$10.6M |
|
|
GREK
17
Global X MSCI Greece ETF
GREK
$302M
| – | – |
-33,333
| Closed | -$956K |
|
|
CZZ
18
DELISTED
Cosan Limited
CZZ
| – | – |
-1,422,147
| Closed | -$19M |
|
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Gramercy Funds Management's Q3 2019 Portfolio in Review
As of Q3 2019, Gramercy Funds Management held 18 positions worth $148M, down 24% from $195M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Gramercy Funds Management withdrew a net $25.6M in Q3 2019, closing 3 positions and reducing 1 holding. Its most notable exit was Cosan Limited, an estimated $19M position sold in full.
By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 24% a quarter earlier, followed by Materials and Consumer Staples.
Against the trend, Gramercy Funds Management opened a new position in Valaris plc Class A Ordinary Share worth $915K.
- Gramercy Funds Management's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 190,186 shares worth $915K.
- Gramercy Funds Management added most to Vale in Q3 2019, an estimated $4.61M increase.
- Gramercy Funds Management's biggest Q3 2019 reduction was YPF, cutting an estimated $674K.
- Gramercy Funds Management fully exited Cosan Limited in Q3 2019, selling an estimated $19M.
- Gramercy Funds Management's ten largest holdings make up 96% of its $148M portfolio in Q3 2019.
- Gramercy Funds Management opened 1 new position and closed 3 in Q3 2019.
- Gramercy Funds Management's portfolio value fell 24% quarter-over-quarter to $148M.
Based on Gramercy Funds Management's 13F filing for Q3 2019, filed 14 Nov 2019.