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CEE

Central and Eastern Europe Fund

28 hedge funds and large institutions have $17.3M invested in Central and Eastern Europe Fund in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more capital invested

Capital invested by funds: $13.2M → $17.3M (+$4.07M)

1.35% more ownership

Funds ownership: 13.48%14.83% (+1.3%)

3% less funds holding

Funds holding: 2928 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

Holders
28
Holders Change
-1
Holders Change %
-3.45%
% of All Funds
0.37%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
4
Reduced
7
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AC
1
Annandale Capital
Texas
$3.21M
AC
2
Almitas Capital
California
$2.66M -$1.6K -100 -0.1%
GF
3
Gabelli Funds
New York
$1.78M
UCI
4
Uncommon Cents Investing
Wisconsin
$1.24M
BI
5
Bulldog Investors
New Jersey
$1.11M +$944K +58,971 +441%
Stifel Financial
6
Stifel Financial
Missouri
$959K -$535K -33,399 -35%
SPC
7
Silver Point Capital
Connecticut
$859K
FCH
8
Freestone Capital Holdings
Washington
$691K
MCM
9
Massar Capital Management
Connecticut
$614K
Janney Montgomery Scott
10
Janney Montgomery Scott
Pennsylvania
$596K +$621K +38,792 New
MG
11
Marex Group
$527K +$550K +34,338 New
MC
12
Matisse Capital
Oregon
$522K
Raymond James Financial
13
Raymond James Financial
Florida
$431K +$182K +11,397 +68%
IPAM
14
Investment Partners Asset Management
New Jersey
$343K -$70.4K -4,400 -16%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$331K +$345K +21,519 New
PFGIA
16
Patriot Financial Group Insurance Agency
Massachusetts
$291K -$7.21K -450 -2%
DTL
17
Dynamic Technology Lab
Singapore
$238K -$7.29K -455 -3%
Belvedere Trading
18
Belvedere Trading
Illinois
$221K
CL
19
CSS LLC
Illinois
$200K +$14.6K +910 +8%
FLC
20
Fifth Lane Capital
Texas
$154K
Osaic Holdings
21
Osaic Holdings
Arizona
$126K -$8.49K -530 -6%
Morgan Stanley
22
Morgan Stanley
New York
$117K -$16 -1 -0%
Barclays
23
Barclays
United Kingdom
$10.8K
UBS Group
24
UBS Group
Switzerland
$8.77K +$5.7K +356 +166%
RFG
25
REAP Financial Group
Texas
$2.43K

CEE Hedge Fund Activity: Q3 2025 in Review

28 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Central and Eastern Europe Fund (CEE) for Q3 2025, worth a combined $17.3M — up 31% from $13.2M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of CEE and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 4 added.

The largest buyer was Bulldog Investors, adding an estimated $944K. The largest seller was Stifel Financial, cutting an estimated $535K.

  • 28 institutional investors held Central and Eastern Europe Fund (CEE) as of Q3 2025, down from 29 in Q2 2025.
  • Funds reported $17.3M of Central and Eastern Europe Fund stock for Q3 2025, up 31% quarter-over-quarter.
  • 4 funds opened new Central and Eastern Europe Fund positions in Q3 2025 and 5 closed out, a net change of -1 holder.
  • The largest Central and Eastern Europe Fund buyer in Q3 2025 was Bulldog Investors, an estimated $944K added.
  • The largest Central and Eastern Europe Fund seller in Q3 2025 was Stifel Financial, an estimated $535K sold.

Based on aggregated 13F filings for Q3 2025.