New Germany Fund
34 hedge funds and large institutions have $148M invested in New Germany Fund in 2018 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 3 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
1.48% more ownership
Funds ownership: 49.98% → 51.46% (+1.5%)
5% less capital invested
Capital invested by funds: $156M → $148M (-$7.36M)
3% less funds holding
Funds holding: 35 → 34 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.34M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$541K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$316K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$315K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$278K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$1.28M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$483K |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$253K |
| 4 |
Morgan Stanley
New York
|
-$95K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$41.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $117K | -$24.9K | -1,300 | -17% |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $73K | +$76.7K | +4,000 | New |
|
|
TCM
28
Tradewinds Capital Management
Bellingham,
Washington
| $33K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $25K | +$939 | +49 | +4% |
|
|
NSIM
30
North Star Investment Management
Chicago,
Illinois
| $17K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $7K | +$5.92K | +309 | +386% |
|
|
AF
32
Allworth Financial
Folsom,
California
| $6K | – | – | – |
|
|
WEC
33
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | +$38 | +2 | +7% |
|
|
34
CIBC World Market
Toronto,
Ontario, Canada
| – | -$253K | -12,950 | Closed |
|
|
AWA
35
Acorn Wealth Advisors
Grand Blanc,
Michigan
| – | -$5K | -276 | Closed |
|
|
PCG
36
Private Capital Group
West Hartford,
Connecticut
| – | -$1.48K | -77 | -91% |
|
|
SWP
37
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$1K | -57 | Closed |
|
GF Hedge Fund Activity: Q2 2018 in Review
34 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q2 2018, worth a combined $148M — down 4.7% from $156M 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 17 added.
The largest buyer was City of London Investment Management, adding an estimated $3.34M. The largest seller was Lazard Asset Management, cutting an estimated $1.28M.
- 34 institutional investors held New Germany Fund (GF) as of Q2 2018, down from 35 in Q1 2018.
- Funds reported $148M of New Germany Fund stock for Q2 2018, down 4.7% quarter-over-quarter.
- 2 funds opened new New Germany Fund positions in Q2 2018 and 3 closed out, a net change of -1 holder.
- The largest New Germany Fund buyer in Q2 2018 was City of London Investment Management, an estimated $3.34M added.
- The largest New Germany Fund seller in Q2 2018 was Lazard Asset Management, an estimated $1.28M sold.
Based on aggregated 13F filings for Q2 2018.