New Germany Fund
41 hedge funds and large institutions have $158M invested in New Germany Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
24% more funds holding
Funds holding: 33 → 41 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.35% less ownership
Funds ownership: 51.96% → 49.61% (-2.3%)
8% less capital invested
Capital invested by funds: $171M → $158M (-$13M)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$2.19M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.39M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$969K |
| 4 |
Morgan Stanley
New York
|
+$360K |
| 5 |
SG Americas Securities
New York
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.03M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.14M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.81M |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.8M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$828K |
GF Hedge Fund Activity: Q4 2013 in Review
41 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q4 2013, worth a combined $158M — down 7.6% from $171M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GF positions and 5 closed out — a net gain of 9 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $2.19M. The largest seller was Karpus Investment Management, cutting an estimated $4.03M.
- 41 institutional investors held New Germany Fund (GF) as of Q4 2013, up from 33 in Q3 2013.
- Funds reported $158M of New Germany Fund stock for Q4 2013, down 7.6% quarter-over-quarter.
- 14 funds opened new New Germany Fund positions in Q4 2013 and 5 closed out, a net change of +9 holders.
- The largest New Germany Fund buyer in Q4 2013 was Lazard Asset Management, an estimated $2.19M added.
- The largest New Germany Fund seller in Q4 2013 was Karpus Investment Management, an estimated $4.03M sold.
Based on aggregated 13F filings for Q4 2013.