New Germany Fund
34 hedge funds and large institutions have $75.4M invested in New Germany Fund in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
0% more funds holding
Funds holding: 34 → 34 (0)
2.7% less ownership
Funds ownership: 53.2% → 50.5% (-2.7%)
5% less capital invested
Capital invested by funds: $79.7M → $75.4M (-$4.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$781K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$515K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$408K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$245K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$230K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.17M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.03M |
| 3 |
Lazard Asset Management
New York
|
-$1.43M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$276K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$222K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bank of America
Charlotte,
North Carolina
| $91.5K | -$222K | -26,259 | -71% |
|
|
AFAS
27
Acorn Financial Advisory Services
Reston,
Virginia
| $91.1K | – | – | – |
|
28
Wells Fargo
San Francisco,
California
| $31.3K | -$2.24K | -265 | -7% |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $26.2K | +$68 | +8 | +0.3% |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $19.8K | -$287 | -34 | -1% |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $12.7K | – | – | – |
|
32
US Bancorp
Minneapolis,
Minnesota
| $8.56K | – | – | – |
|
33
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $5K | +$4.97K | +589 | New |
|
|
AF
34
Allworth Financial
Folsom,
California
| $2.74K | – | – | – |
|
|
AC
35
Almitas Capital
Santa Monica,
California
| – | -$276K | -31,573 | Closed |
|
GF Hedge Fund Activity: Q1 2024 in Review
34 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q1 2024, worth a combined $75.4M — down 5.4% from $79.7M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new GF positions and 1 closed out — a net gain of 1 holder — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $781K. The largest seller was City of London Investment Management, cutting an estimated $2.17M.
- 34 institutional investors held New Germany Fund (GF) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $75.4M of New Germany Fund stock for Q1 2024, down 5.4% quarter-over-quarter.
- 2 funds opened new New Germany Fund positions in Q1 2024 and 1 closed out, a net change of +1 holder.
- The largest New Germany Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $781K added.
- The largest New Germany Fund seller in Q1 2024 was City of London Investment Management, an estimated $2.17M sold.
Based on aggregated 13F filings for Q1 2024.