Central and Eastern Europe Fund
CEE
22 hedge funds and large institutions have $78.1M invested in Central and Eastern Europe Fund in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
0.74% more ownership
Funds ownership: 64.67% → 65.41% (+0.74%)
15% less funds holding
Funds holding: 26 → 22 (-4)
37% less capital invested
Capital invested by funds: $124M → $78.1M (-$45.8M)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.15M |
| 2 |
Lazard Asset Management
New York
|
+$899K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$332K |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
+$189K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$556K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$382K |
| 3 |
MIM
Montgomery Investment Management
Rockville,
Maryland
|
-$329K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$130K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$123K |
CEE Hedge Fund Activity: Q1 2020 in Review
22 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q1 2020, worth a combined $78.1M — down 37% from $124M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEE and 1 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Matisse Capital, adding an estimated $1.15M. The largest seller was Cornerstone Advisors, cutting an estimated $556K.
- 22 institutional investors held Central and Eastern Europe Fund (CEE) as of Q1 2020, down from 26 in Q4 2019.
- Funds reported $78.1M of Central and Eastern Europe Fund stock for Q1 2020, down 37% quarter-over-quarter.
- 1 fund opened new Central and Eastern Europe Fund positions in Q1 2020 and 4 closed out, a net change of -3 holders.
- The largest Central and Eastern Europe Fund buyer in Q1 2020 was Matisse Capital, an estimated $1.15M added.
- The largest Central and Eastern Europe Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $556K sold.
Based on aggregated 13F filings for Q1 2020.