New Germany Fund
34 hedge funds and large institutions have $146M invested in New Germany Fund in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 6 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
11% more capital invested
Capital invested by funds: $131M → $146M (+$15M)
0.14% more ownership
Funds ownership: 54.9% → 55.05% (+0.14%)
13% less funds holding
Funds holding: 39 → 34 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$825K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$618K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$481K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$412K |
| 5 |
Morgan Stanley
New York
|
+$165K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$705K |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$617K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$467K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$278K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
26
Tradewinds Capital Management
Bellingham,
Washington
| $30K | – | – | – |
|
27
Bessemer Group
Woodbridge,
New Jersey
| $27K | – | – | – |
|
|
NSIM
28
North Star Investment Management
Chicago,
Illinois
| $15K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $11K | – | – | – |
|
|
TJHA
30
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $9K | -$1.04K | -62 | -10% |
|
|
AF
31
Allworth Financial
Folsom,
California
| $5K | – | – | – |
|
|
EIM
32
Essex Investment Management
Boston,
Massachusetts
| $2K | – | – | – |
|
|
SWM
33
Selective Wealth Management
Forest,
Virginia
| $1K | – | – | – |
|
|
WEC
34
Winslow Evans & Crocker
Boston,
Massachusetts
| $1K | – | – | – |
|
|
CA
35
Cornerstone Advisors
Asheville,
North Carolina
| – | -$467K | -30,783 | Closed |
|
|
MC
36
Matisse Capital
Portland,
Oregon
| – | -$278K | -18,300 | Closed |
|
|
CRC
37
Curi RMB Capital
Chicago,
Illinois
| – | -$180K | -11,888 | Closed |
|
|
CAN
38
Cetera Advisor Networks
El Segundo,
California
| – | -$10K | -653 | Closed |
|
|
FA
39
Financial Advantage
Columbia,
Maryland
| – | -$7K | -506 | Closed |
|
GF Hedge Fund Activity: Q3 2020 in Review
34 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q3 2020, worth a combined $146M — up 11% from $131M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GF and 1 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 13 added.
The largest buyer was Lazard Asset Management, adding an estimated $825K. The largest seller was Karpus Investment Management, cutting an estimated $705K.
- 34 institutional investors held New Germany Fund (GF) as of Q3 2020, down from 39 in Q2 2020.
- Funds reported $146M of New Germany Fund stock for Q3 2020, up 11% quarter-over-quarter.
- 1 fund opened new New Germany Fund positions in Q3 2020 and 6 closed out, a net change of -5 holders.
- The largest New Germany Fund buyer in Q3 2020 was Lazard Asset Management, an estimated $825K added.
- The largest New Germany Fund seller in Q3 2020 was Karpus Investment Management, an estimated $705K sold.
Based on aggregated 13F filings for Q3 2020.