Central and Eastern Europe Fund
CEE
34 hedge funds and large institutions have $206M invested in Central and Eastern Europe Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
10% more funds holding
Funds holding: 31 → 34 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.21% less ownership
Funds ownership: 62.44% → 58.23% (-4.2%)
12% less capital invested
Capital invested by funds: $236M → $206M (-$29.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.22M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$656K |
| 3 |
Lazard Asset Management
New York
|
+$579K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$469K |
| 5 |
SG Americas Securities
New York
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$12.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.69M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$391K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$335K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
26
UBS
Zurich,
Switzerland
| $165K | -$24.9K | -788 | -12% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $155K | -$44.6K | -1,411 | -21% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $74K | +$80.2K | +2,540 | New |
|
29
Citigroup
New York
| $33K | +$3.69K | +117 | +11% |
|
30
Creative Planning
Overland Park,
Kansas
| $11K | +$1.83K | +58 | +18% |
|
|
WEC
31
Winslow Evans & Crocker
Boston,
Massachusetts
| $8K | +$9.16K | +290 | New |
|
|
WA
32
WFG Advisors
Dallas,
Texas
| $7K | – | – | – |
|
|
BBPWM
33
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $6K | +$6.57K | +208 | New |
|
|
CA
34
Cornerstone Advisors
Asheville,
North Carolina
| – | -$391K | -12,646 | Closed |
|
|
KIM
35
Karpus Investment Management
Pittsford,
New York
| – | -$335K | -10,835 | Closed |
|
|
36
Truist Financial
Charlotte,
North Carolina
| – | -$208K | -6,730 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$17K | -536 | Closed |
|
|
S
38
SignatureFD
Atlanta,
Georgia
| – | -$10K | -315 | Closed |
|
CEE Hedge Fund Activity: Q4 2013 in Review
34 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q4 2013, worth a combined $206M — down 12% from $236M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CEE positions and 5 closed out — a net gain of 3 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Gramercy Funds Management, adding an estimated $1.22M. The largest seller was City of London Investment Management, cutting an estimated $12.4M.
- 34 institutional investors held Central and Eastern Europe Fund (CEE) as of Q4 2013, up from 31 in Q3 2013.
- Funds reported $206M of Central and Eastern Europe Fund stock for Q4 2013, down 12% quarter-over-quarter.
- 8 funds opened new Central and Eastern Europe Fund positions in Q4 2013 and 5 closed out, a net change of +3 holders.
- The largest Central and Eastern Europe Fund buyer in Q4 2013 was Gramercy Funds Management, an estimated $1.22M added.
- The largest Central and Eastern Europe Fund seller in Q4 2013 was City of London Investment Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q4 2013.