New Germany Fund
31 hedge funds and large institutions have $70.5M invested in New Germany Fund in 2022 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 5 closing their positions.
16% more capital invested
Capital invested by funds: $60.9M → $70.5M (+$9.53M)
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
0.99% more ownership
Funds ownership: 51.09% → 52.08% (+0.99%)
6% less funds holding
Funds holding: 33 → 31 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$2M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$671K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$132K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$117K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.56M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$197K |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$103K |
| 4 |
HPM
Hudson Portfolio Management
Garrison,
New York
|
-$22.3K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$16.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $20.8K | +$10.8K | +1,392 | +112% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $13.4K | +$542 | +70 | +4% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10.8K | – | – | – |
|
29
UBS Group
Zurich,
Switzerland
| $9.46K | -$9.29K | -1,201 | -50% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $7.76K | – | – | – |
|
|
AF
31
Allworth Financial
Folsom,
California
| $2.48K | – | – | – |
|
|
CA
32
Cornerstone Advisors
Asheville,
North Carolina
| – | -$197K | -28,322 | Closed |
|
|
DWM
33
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$103K | -14,818 | Closed |
|
34
Bessemer Group
Woodbridge,
New Jersey
| – | -$11K | -1,571 | Closed |
|
35
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -526 | Closed |
|
|
SWM
36
Selective Wealth Management
Forest,
Virginia
| – | -$1K | -80 | Closed |
|
GF Hedge Fund Activity: Q4 2022 in Review
31 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q4 2022, worth a combined $70.5M — up 16% from $60.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GF and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Allspring Global Investments, adding an estimated $2M. The largest seller was Karpus Investment Management, cutting an estimated $1.56M.
- 31 institutional investors held New Germany Fund (GF) as of Q4 2022, down from 33 in Q3 2022.
- Funds reported $70.5M of New Germany Fund stock for Q4 2022, up 16% quarter-over-quarter.
- 3 funds opened new New Germany Fund positions in Q4 2022 and 5 closed out, a net change of -2 holders.
- The largest New Germany Fund buyer in Q4 2022 was Allspring Global Investments, an estimated $2M added.
- The largest New Germany Fund seller in Q4 2022 was Karpus Investment Management, an estimated $1.56M sold.
Based on aggregated 13F filings for Q4 2022.