Central and Eastern Europe Fund
CEE
29 hedge funds and large institutions have $140M invested in Central and Eastern Europe Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 6 closing their positions.
3.05% less ownership
Funds ownership: 61.8% → 58.75% (-3%)
12% less funds holding
Funds holding: 33 → 29 (-4)
22% less capital invested
Capital invested by funds: $179M → $140M (-$38.5M)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.52M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.43M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$792K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$564K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$10.3M |
| 2 |
Lazard Asset Management
New York
|
-$6.08M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
-$570K |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
-$440K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$334K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $25K | -$9.42K | -361 | -26% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $5K | +$3.21K | +123 | +117% |
|
|
AIG
28
American International Group
New York
| $944 | – | – | – |
|
|
OC
29
Oppenheimer & Co
New York
| – | -$334K | -11,946 | Closed |
|
|
TC
30
TFS Capital
West Chester,
Pennsylvania
| – | -$324K | -11,586 | Closed |
|
|
GI
31
GAMCO Investors
Greenwich,
Connecticut
| – | -$240K | -8,580 | Closed |
|
32
Truist Financial
Charlotte,
North Carolina
| – | -$205K | -7,345 | Closed |
|
|
AG
33
Ashmore Group
London,
United Kingdom
| – | -$151K | -5,401 | Closed |
|
|
TAM
34
Tocqueville Asset Management
New York
| – | -$5K | -165 | Closed |
|
CEE Hedge Fund Activity: Q3 2014 in Review
29 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q3 2014, worth a combined $140M — down 22% from $179M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CEE and 2 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 10 added.
The largest buyer was Gramercy Funds Management, adding an estimated $1.52M. The largest seller was City of London Investment Management, cutting an estimated $10.3M.
- 29 institutional investors held Central and Eastern Europe Fund (CEE) as of Q3 2014, down from 33 in Q2 2014.
- Funds reported $140M of Central and Eastern Europe Fund stock for Q3 2014, down 22% quarter-over-quarter.
- 2 funds opened new Central and Eastern Europe Fund positions in Q3 2014 and 6 closed out, a net change of -4 holders.
- The largest Central and Eastern Europe Fund buyer in Q3 2014 was Gramercy Funds Management, an estimated $1.52M added.
- The largest Central and Eastern Europe Fund seller in Q3 2014 was City of London Investment Management, an estimated $10.3M sold.
Based on aggregated 13F filings for Q3 2014.