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GF

New Germany Fund
GF

37 hedge funds and large institutions have $106M invested in New Germany Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

11% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 9

9% more funds holding

Funds holding: 34 → 37 (+3)

1.33% more ownership

Funds ownership: 44.95% → 46.28% (+1.3%)

2% less capital invested

Capital invested by funds: $108M → $106M (-$1.73M)

Holders
37
Holders Change
+3
Holders Change %
+8.82%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
10
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.04M
2
Lazard Asset Management
Lazard Asset Management
New York
+$631K
3
GFM
Gramercy Funds Management
Connecticut
+$291K
4
HighTower Advisors
HighTower Advisors
Illinois
+$247K
5
COLIM
City of London Investment Management
United Kingdom
+$190K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$326K
2
OC
Oppenheimer & Co
New York
-$243K
3
Morgan Stanley
Morgan Stanley
New York
-$180K
4
Citigroup
Citigroup
New York
-$77K
5
WEC
Winslow Evans & Crocker
Massachusetts
-$57.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$42.1M +$631K +41,729 +1%
Wells Fargo
2
Wells Fargo
California
$29.9M +$1.04M +68,842 +3%
1CP
3
1607 Capital Partners
Virginia
$15.3M +$58K +3,835 +0.4%
SI
4
SII Investments
Wisconsin
$3.26M – – –
GF
5
Gabelli Funds
New York
$3.16M – – –
KIM
6
Karpus Investment Management
New York
$2.81M -$326K -21,536 -10%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.61M -$1.86K -123 -0.1%
TJHA
8
Thomas J. Herzfeld Advisors
Florida
$1.42M +$103K +6,836 +7%
AFWA
9
Ancora Family Wealth Advisors
Ohio
$1.28M +$1.35M +89,108 New
Bank of America
10
Bank of America
North Carolina
$1.02M +$19K +1,260 +2%
TAM
11
Tocqueville Asset Management
New York
$719K -$24.2K -1,600 -3%
CL
12
CSS LLC
Illinois
$555K – – –
COLIM
13
City of London Investment Management
United Kingdom
$369K +$190K +12,561 +97%
GFM
14
Gramercy Funds Management
Connecticut
$278K +$291K +19,269 New
GI
15
GAMCO Investors
Connecticut
$258K – – –
HighTower Advisors
16
HighTower Advisors
Illinois
$236K +$247K +16,352 New
LPL Financial
17
LPL Financial
California
$234K +$2.65K +175 +1%
RVPG
18
Relative Value Partners Group
$187K – – –
Northern Trust
19
Northern Trust
Illinois
$184K – – –
ClearBridge Investments
20
ClearBridge Investments
New York
$182K – – –
SFS
21
Shaker Financial Services
Virginia
$174K +$22.3K +1,474 +14%
First Eagle Investment Management
22
First Eagle Investment Management
New York
$170K -$15 -1 -0%
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$144K – – –
Morgan Stanley
24
Morgan Stanley
New York
$142K -$180K -11,936 -55%
Creative Planning
25
Creative Planning
Kansas
$111K +$116K +7,696 New
1
2

GF Hedge Fund Activity: Q3 2015 in Review

37 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q3 2015, worth a combined $106M — down 1.6% from $108M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new GF positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 9 trimmed.

The largest buyer was Wells Fargo, adding an estimated $1.04M. The largest seller was Karpus Investment Management, cutting an estimated $326K.

  • 37 institutional investors held New Germany Fund (GF) as of Q3 2015, up from 34 in Q2 2015.
  • Funds reported $106M of New Germany Fund stock for Q3 2015, down 1.6% quarter-over-quarter.
  • 5 funds opened new New Germany Fund positions in Q3 2015 and 2 closed out, a net change of +3 holders.
  • The largest New Germany Fund buyer in Q3 2015 was Wells Fargo, an estimated $1.04M added.
  • The largest New Germany Fund seller in Q3 2015 was Karpus Investment Management, an estimated $326K sold.

Based on aggregated 13F filings for Q3 2015.