Central and Eastern Europe Fund
CEE
24 hedge funds and large institutions have $21M invested in Central and Eastern Europe Fund in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 7 closing their positions.
22% more capital invested
Capital invested by funds: $17.3M → $21M (+$3.79M)
4.04% more ownership
Funds ownership: 14.83% → 18.87% (+4%)
14% less funds holding
Funds holding: 28 → 24 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.08M |
| 2 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$2.14M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$878K |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
+$568K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.11M |
| 2 |
MCM
Massar Capital Management
Stamford,
Connecticut
|
-$614K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$331K |
| 4 |
MG
Marex Group
London,
|
-$238K |
| 5 |
FLC
Fifth Lane Capital
Austin,
Texas
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
26
Massar Capital Management
Stamford,
Connecticut
| – | -$614K | -40,000 | Closed |
|
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$331K | -21,519 | Closed |
|
|
FLC
28
Fifth Lane Capital
Austin,
Texas
| – | -$154K | -10,029 | Closed |
|
29
Barclays
London,
United Kingdom
| – | -$10.8K | -700 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$2.05K | -134 | Closed |
|
31
Wells Fargo
San Francisco,
California
| – | -$16 | -1 | Closed |
|
CEE Hedge Fund Activity: Q4 2025 in Review
24 of the 8,231 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q4 2025, worth a combined $21M — up 22% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CEE and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Morgan Stanley, adding an estimated $3.08M. The largest seller was Bulldog Investors, exiting entirely with an estimated $1.11M sold.
- 24 institutional investors held Central and Eastern Europe Fund (CEE) as of Q4 2025, down from 28 in Q3 2025.
- Funds reported $21M of Central and Eastern Europe Fund stock for Q4 2025, up 22% quarter-over-quarter.
- 3 funds opened new Central and Eastern Europe Fund positions in Q4 2025 and 7 closed out, a net change of -4 holders.
- The largest Central and Eastern Europe Fund buyer in Q4 2025 was Morgan Stanley, an estimated $3.08M added.
- The largest Central and Eastern Europe Fund seller in Q4 2025 was Bulldog Investors, an estimated $1.11M sold.
Based on aggregated 13F filings for Q4 2025.