Central and Eastern Europe Fund
CEE
26 hedge funds and large institutions have $124M invested in Central and Eastern Europe Fund in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
11% more capital invested
Capital invested by funds: $111M → $124M (+$12.4M)
8% more funds holding
Funds holding: 24 → 26 (+2)
1.56% more ownership
Funds ownership: 63.11% → 64.67% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Legato Capital Management
San Francisco,
California
|
+$743K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$218K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$92K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$37.1K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$35.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Gabelli Funds
Rye,
New York
|
-$695K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$289K |
| 3 |
Lazard Asset Management
New York
|
-$234K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$38.4K |
| 5 |
MIC
Meridian Investment Counsel
Lafayette,
California
|
-$16.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$289K | -11,106 | Closed |
|
CEE Hedge Fund Activity: Q4 2019 in Review
26 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q4 2019, worth a combined $124M — up 11% from $111M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CEE positions and 1 closed out — a net gain of 2 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Legato Capital Management, opening a new position worth an estimated $743K. The largest seller was Gabelli Funds, cutting an estimated $695K.
- 26 institutional investors held Central and Eastern Europe Fund (CEE) as of Q4 2019, up from 24 in Q3 2019.
- Funds reported $124M of Central and Eastern Europe Fund stock for Q4 2019, up 11% quarter-over-quarter.
- 3 funds opened new Central and Eastern Europe Fund positions in Q4 2019 and 1 closed out, a net change of +2 holders.
- The largest Central and Eastern Europe Fund buyer in Q4 2019 was Legato Capital Management, an estimated $743K added.
- The largest Central and Eastern Europe Fund seller in Q4 2019 was Gabelli Funds, an estimated $695K sold.
Based on aggregated 13F filings for Q4 2019.