New Germany Fund
33 hedge funds and large institutions have $146M invested in New Germany Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 3 closing their positions.
12% more capital invested
Capital invested by funds: $131M → $146M (+$15.5M)
0.1% more ownership
Funds ownership: 49.29% → 49.39% (+0.1%)
3% less funds holding
Funds holding: 34 → 33 (-1)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.65M |
| 2 |
AA
Advisory Alpha
Holland,
Michigan
|
+$491K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$379K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$164K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$61.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$902K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$438K |
| 3 |
Lazard Asset Management
New York
|
-$375K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$264K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$198K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $65K | +$61.4K | +3,508 | New |
|
|
TCM
27
Tradewinds Capital Management
Bellingham,
Washington
| $33K | – | – | – |
|
|
NSIM
28
North Star Investment Management
Chicago,
Illinois
| $17K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $16K | +$7.88K | +450 | +108% |
|
|
CB
30
Community Bank
Dewitt,
New York
| $9K | – | – | – |
|
|
AF
31
Allworth Financial
Folsom,
California
| $6K | – | – | – |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $4K | – | – | – |
|
|
WEC
33
Winslow Evans & Crocker
Boston,
Massachusetts
| $500 | -$455 | -26 | -48% |
|
|
34
Citigroup
New York
| – | -$902K | -54,250 | Closed |
|
|
35
HighTower Advisors
Chicago,
Illinois
| – | -$264K | -15,876 | Closed |
|
36
Creative Planning
Overland Park,
Kansas
| – | -$2K | -93 | Closed |
|
GF Hedge Fund Activity: Q3 2017 in Review
33 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q3 2017, worth a combined $146M — up 12% from $131M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GF and 2 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.
The largest buyer was City of London Investment Management, opening a new position worth an estimated $1.65M. The largest seller was Citigroup, exiting entirely with an estimated $902K sold.
- 33 institutional investors held New Germany Fund (GF) as of Q3 2017, down from 34 in Q2 2017.
- Funds reported $146M of New Germany Fund stock for Q3 2017, up 12% quarter-over-quarter.
- 2 funds opened new New Germany Fund positions in Q3 2017 and 3 closed out, a net change of -1 holder.
- The largest New Germany Fund buyer in Q3 2017 was City of London Investment Management, an estimated $1.65M added.
- The largest New Germany Fund seller in Q3 2017 was Citigroup, an estimated $902K sold.
Based on aggregated 13F filings for Q3 2017.