New Germany Fund
45 hedge funds and large institutions have $100M invested in New Germany Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
10% more funds holding
Funds holding: 41 → 45 (+4)
0.24% less ownership
Funds ownership: 48.11% → 47.87% (-0.24%)
9% less capital invested
Capital invested by funds: $111M → $100M (-$10.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.09M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.11M |
| 3 |
AMI
Amica Mutual Insurance
Providence,
Rhode Island
|
+$826K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$456K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$281K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$7.22M |
| 2 |
LPL Financial
San Diego,
California
|
-$164K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$120K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$94.1K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$29K |
GF Hedge Fund Activity: Q4 2016 in Review
45 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q4 2016, worth a combined $100M — down 9.3% from $111M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GF positions and 3 closed out — a net gain of 5 holders — while 16 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.09M. The largest seller was Lazard Asset Management, cutting an estimated $7.22M.
- 45 institutional investors held New Germany Fund (GF) as of Q4 2016, up from 41 in Q3 2016.
- Funds reported $100M of New Germany Fund stock for Q4 2016, down 9.3% quarter-over-quarter.
- 8 funds opened new New Germany Fund positions in Q4 2016 and 3 closed out, a net change of +5 holders.
- The largest New Germany Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $3.09M added.
- The largest New Germany Fund seller in Q4 2016 was Lazard Asset Management, an estimated $7.22M sold.
Based on aggregated 13F filings for Q4 2016.