Central and Eastern Europe Fund
CEE
27 hedge funds and large institutions have $108M invested in Central and Eastern Europe Fund in 2014 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 5 closing their positions.
4.74% less ownership
Funds ownership: 58.75% → 54.01% (-4.7%)
7% less funds holding
Funds holding: 29 → 27 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
23% less capital invested
Capital invested by funds: $140M → $108M (-$32.4M)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.6M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$588K |
| 3 |
MIM
Montgomery Investment Management
Rockville,
Maryland
|
+$440K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$287K |
| 5 |
SG Americas Securities
New York
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$4.54M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.44M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.37M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$512K |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$412K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| – | -$2.37M | -100,290 | Closed |
|
|
DA
27
Doliver Advisors
Houston,
Texas
| – | -$512K | -21,612 | Closed |
|
|
CA
28
Cornerstone Advisors
Asheville,
North Carolina
| – | -$291K | -12,298 | Closed |
|
|
BI
29
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$260K | -10,994 | Closed |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$203K | -9,128 | -100% |
|
|
EGA
31
Eagle Global Advisors
Houston,
Texas
| – | -$210K | -8,875 | Closed |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$22 | -1 | -6% |
|
CEE Hedge Fund Activity: Q4 2014 in Review
27 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q4 2014, worth a combined $108M — down 23% from $140M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CEE and 4 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $1.6M. The largest seller was Lazard Asset Management, cutting an estimated $4.54M.
- 27 institutional investors held Central and Eastern Europe Fund (CEE) as of Q4 2014, down from 29 in Q3 2014.
- Funds reported $108M of Central and Eastern Europe Fund stock for Q4 2014, down 23% quarter-over-quarter.
- 4 funds opened new Central and Eastern Europe Fund positions in Q4 2014 and 5 closed out, a net change of -1 holder.
- The largest Central and Eastern Europe Fund buyer in Q4 2014 was Wells Fargo, an estimated $1.6M added.
- The largest Central and Eastern Europe Fund seller in Q4 2014 was Lazard Asset Management, an estimated $4.54M sold.
Based on aggregated 13F filings for Q4 2014.