New Germany Fund
35 hedge funds and large institutions have $116M invested in New Germany Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 5 reducing their positions, and 12 closing their positions.
360% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 5
15% more capital invested
Capital invested by funds: $100M → $116M (+$15.3M)
0.94% more ownership
Funds ownership: 47.87% → 48.8% (+0.94%)
22% less funds holding
Funds holding: 45 → 35 (-10)
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$6.9M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$819K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$815K |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
+$452K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.15M |
| 2 |
AMI
Amica Mutual Insurance
Providence,
Rhode Island
|
-$811K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$636K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$482K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$268K |
GF Hedge Fund Activity: Q1 2017 in Review
35 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q1 2017, worth a combined $116M — up 15% from $100M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GF and 3 opened new positions — a net loss of 9 holders — while 5 trimmed existing stakes and 23 added.
The largest buyer was Lazard Asset Management, adding an estimated $6.9M. The largest seller was Wells Fargo, cutting an estimated $5.15M.
- 35 institutional investors held New Germany Fund (GF) as of Q1 2017, down from 45 in Q4 2016.
- Funds reported $116M of New Germany Fund stock for Q1 2017, up 15% quarter-over-quarter.
- 3 funds opened new New Germany Fund positions in Q1 2017 and 12 closed out, a net change of -9 holders.
- The largest New Germany Fund buyer in Q1 2017 was Lazard Asset Management, an estimated $6.9M added.
- The largest New Germany Fund seller in Q1 2017 was Wells Fargo, an estimated $5.15M sold.
Based on aggregated 13F filings for Q1 2017.