New Germany Fund
36 hedge funds and large institutions have $164M invested in New Germany Fund in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
12% more capital invested
Capital invested by funds: $146M → $164M (+$17.9M)
6% more funds holding
Funds holding: 34 → 36 (+2)
0.26% less ownership
Funds ownership: 55.05% → 54.79% (-0.26%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$233K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$201K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$187K |
| 4 |
Lazard Asset Management
New York
|
+$109K |
| 5 |
UCI
Uncommon Cents Investing
Janesville,
Wisconsin
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$517K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$468K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$367K |
| 4 |
Morgan Stanley
New York
|
-$181K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$46K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
26
Tradewinds Capital Management
Bellingham,
Washington
| $34K | – | – | – |
|
27
Bessemer Group
Woodbridge,
New Jersey
| $30K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $29K | -$10.2K | -556 | -27% |
|
|
NSIM
29
North Star Investment Management
Chicago,
Illinois
| $17K | – | – | – |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $14K | – | – | – |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $11K | – | – | – |
|
|
IAIM
32
International Assets Investment Management
Orlando,
Florida
| $11K | +$10.9K | +593 | New |
|
|
AF
33
Allworth Financial
Folsom,
California
| $6K | – | – | – |
|
|
EIM
34
Essex Investment Management
Boston,
Massachusetts
| $2K | – | – | – |
|
|
SWM
35
Selective Wealth Management
Forest,
Virginia
| $2K | – | – | – |
|
|
WEC
36
Winslow Evans & Crocker
Boston,
Massachusetts
| $1K | – | – | – |
|
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$468K | -27,699 | Closed |
|
GF Hedge Fund Activity: Q4 2020 in Review
36 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q4 2020, worth a combined $164M — up 12% from $146M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GF positions and 1 closed out — a net gain of 2 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $233K. The largest seller was Karpus Investment Management, cutting an estimated $517K.
- 36 institutional investors held New Germany Fund (GF) as of Q4 2020, up from 34 in Q3 2020.
- Funds reported $164M of New Germany Fund stock for Q4 2020, up 12% quarter-over-quarter.
- 3 funds opened new New Germany Fund positions in Q4 2020 and 1 closed out, a net change of +2 holders.
- The largest New Germany Fund buyer in Q4 2020 was Cornerstone Advisors, an estimated $233K added.
- The largest New Germany Fund seller in Q4 2020 was Karpus Investment Management, an estimated $517K sold.
Based on aggregated 13F filings for Q4 2020.