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CEE

Central and Eastern Europe Fund

34 hedge funds and large institutions have $206M invested in Central and Eastern Europe Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

10% more funds holding

Funds holding: 3134 (+3)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

4.21% less ownership

Funds ownership: 62.44%58.23% (-4.2%)

12% less capital invested

Capital invested by funds: $236M → $206M (-$29.5M)

Holders
34
Holders Change
+3
Holders Change %
+9.68%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
9
Reduced
8
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
COLIM
1
City of London Investment Management
United Kingdom
$87.1M -$12.4M -391,905 -12%
Lazard Asset Management
2
Lazard Asset Management
New York
$62.5M +$579K +18,326 +0.9%
SO
3
STRS Ohio
Ohio
$11.3M
Wells Fargo
4
Wells Fargo
California
$11.2M +$210K +6,640 +2%
1CP
5
1607 Capital Partners
Virginia
$10M +$469K +14,845 +5%
GF
6
Gabelli Funds
New York
$6.13M
RCM
7
Rivernorth Capital Management
Florida
$5.24M
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$2.41M -$8.69M -275,076 -77%
GFM
9
Gramercy Funds Management
Connecticut
$1.5M +$1.22M +38,582 +299%
MIM
10
Montgomery Investment Management
Maryland
$1.18M -$9.98K -316 -0.8%
MIC
11
Meridian Investment Counsel
California
$969K +$1.05M +33,277 New
DT
12
Diversified Trust
Tennessee
$878K
CL
13
CSS LLC
Illinois
$831K +$901K +28,539 New
Morgan Stanley
14
Morgan Stanley
New York
$733K +$14.4K +455 +2%
WAM
15
Weiss Asset Management
Massachusetts
$605K +$656K +20,769 New
OC
16
Oppenheimer & Co
New York
$580K -$23.1K -731 -4%
AG
17
Ashmore Group
United Kingdom
$496K
BI
18
Bulldog Investors
New Jersey
$374K -$132K -4,184 -25%
Bank of America
19
Bank of America
North Carolina
$339K -$38.1K -1,206 -9%
SG Americas Securities
20
SG Americas Securities
New York
$335K +$363K +11,494 New
TC
21
TFS Capital
Pennsylvania
$299K +$324K +10,269 New
EGA
22
Eagle Global Advisors
Texas
$277K
GI
23
GAMCO Investors
Connecticut
$248K
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$237K +$243K +7,696 +1,714%
GC
25
Guggenheim Capital
Illinois
$217K +$12.6K +400 +6%

CEE Hedge Fund Activity: Q4 2013 in Review

34 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q4 2013, worth a combined $206M — down 12% from $236M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new CEE positions and 5 closed out — a net gain of 3 holders — while 9 added to existing stakes and 8 trimmed.

The largest buyer was Gramercy Funds Management, adding an estimated $1.22M. The largest seller was City of London Investment Management, cutting an estimated $12.4M.

  • 34 institutional investors held Central and Eastern Europe Fund (CEE) as of Q4 2013, up from 31 in Q3 2013.
  • Funds reported $206M of Central and Eastern Europe Fund stock for Q4 2013, down 12% quarter-over-quarter.
  • 8 funds opened new Central and Eastern Europe Fund positions in Q4 2013 and 5 closed out, a net change of +3 holders.
  • The largest Central and Eastern Europe Fund buyer in Q4 2013 was Gramercy Funds Management, an estimated $1.22M added.
  • The largest Central and Eastern Europe Fund seller in Q4 2013 was City of London Investment Management, an estimated $12.4M sold.

Based on aggregated 13F filings for Q4 2013.