Central and Eastern Europe Fund
CEE
33 hedge funds and large institutions have $170M invested in Central and Eastern Europe Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 6 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
1.49% more ownership
Funds ownership: 58.23% → 59.72% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
3% less funds holding
Funds holding: 34 → 33 (-1)
18% less capital invested
Capital invested by funds: $206M → $170M (-$36.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.56M |
| 2 |
SO
STRS Ohio
Columbus,
Ohio
|
+$921K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$456K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$384K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$5.71M |
| 2 |
Lazard Asset Management
New York
|
-$3.02M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$688K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$605K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$357K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $48K | +$20.4K | +777 | +68% |
|
27
Bank of Montreal
Toronto,
Ontario, Canada
| $32K | +$33K | +1,258 | New |
|
28
Creative Planning
Overland Park,
Kansas
| $21K | +$12.7K | +483 | +129% |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $11K | -$202K | -7,692 | -94% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $10K | +$10.5K | +402 | New |
|
|
AIG
31
American International Group
New York
| $998 | +$1.05K | +40 | New |
|
|
AG
32
Ashmore Group
London,
United Kingdom
| $135 | -$305K | -11,613 | -68% |
|
|
WAM
33
Weiss Asset Management
Boston,
Massachusetts
| – | -$605K | -20,769 | Closed |
|
34
SG Americas Securities
New York
| – | -$335K | -11,494 | Closed |
|
|
GC
35
Guggenheim Capital
Chicago,
Illinois
| – | -$217K | -7,438 | Closed |
|
|
WEC
36
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$8K | -290 | Closed |
|
|
WA
37
WFG Advisors
Dallas,
Texas
| – | -$7K | -239 | Closed |
|
|
BBPWM
38
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$6K | -208 | Closed |
|
|
LTFS
39
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | +$26 | +1 | +6% |
|
CEE Hedge Fund Activity: Q1 2014 in Review
33 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q1 2014, worth a combined $170M — down 18% from $206M a quarter earlier.
Fund positioning in CEE was balanced in Q1 2014: 6 funds opened new positions, 6 closed out, 15 added to existing stakes and 12 trimmed.
The largest buyer was Gramercy Funds Management, adding an estimated $1.56M. The largest seller was City of London Investment Management, cutting an estimated $5.71M.
- 33 institutional investors held Central and Eastern Europe Fund (CEE) as of Q1 2014, down from 34 in Q4 2013.
- Funds reported $170M of Central and Eastern Europe Fund stock for Q1 2014, down 18% quarter-over-quarter.
- 6 funds opened new Central and Eastern Europe Fund positions in Q1 2014 and 6 closed out, a net change of 0 holders.
- The largest Central and Eastern Europe Fund buyer in Q1 2014 was Gramercy Funds Management, an estimated $1.56M added.
- The largest Central and Eastern Europe Fund seller in Q1 2014 was City of London Investment Management, an estimated $5.71M sold.
Based on aggregated 13F filings for Q1 2014.