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GF

New Germany Fund
GF

34 hedge funds and large institutions have $131M invested in New Germany Fund in 2017 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $116M → $131M (+$15.1M)

0.49% more ownership

Funds ownership: 48.8% → 49.29% (+0.49%)

3% less funds holding

Funds holding: 35 → 34 (-1)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

Holders
34
Holders Change
-1
Holders Change %
-2.86%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
8
Reduced
9
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
Advisory Alpha
Michigan
+$769K
2
Wells Fargo
Wells Fargo
California
+$445K
3
Morgan Stanley
Morgan Stanley
New York
+$296K
4
KIM
Karpus Investment Management
New York
+$201K
5
CA
Cornerstone Advisors
North Carolina
+$200K

Top Sellers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
-$632K
2
Citigroup
Citigroup
New York
-$356K
3
SFS
Shaker Financial Services
Virginia
-$276K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$108K
5
CL
CSS LLC
Illinois
-$79.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$42.8M -$632K -39,300 -2%
Wells Fargo
2
Wells Fargo
California
$33.6M +$445K +27,694 +1%
1CP
3
1607 Capital Partners
Virginia
$19M – – –
KIM
4
Karpus Investment Management
New York
$11.9M +$201K +12,491 +2%
GF
5
Gabelli Funds
New York
$4.22M – – –
SI
6
SII Investments
Wisconsin
$4.17M -$11.7K -726 -0.3%
SFS
7
Shaker Financial Services
Virginia
$3.14M -$276K -17,197 -8%
TJHA
8
Thomas J. Herzfeld Advisors
Florida
$2.32M -$108K -6,728 -5%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$1.66M -$17.7K -1,104 -1%
AA
10
Advisory Alpha
Michigan
$1.42M +$769K +47,833 +147%
Citigroup
11
Citigroup
New York
$902K -$356K -22,174 -29%
CA
12
Cornerstone Advisors
North Carolina
$714K +$200K +12,422 +41%
CL
13
CSS LLC
Illinois
$678K -$79.8K -4,968 -11%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$664K +$70.8K +4,407 +12%
Bank of America
15
Bank of America
North Carolina
$516K -$59.1K -3,678 -11%
Morgan Stanley
16
Morgan Stanley
New York
$477K +$296K +18,404 +179%
CRC
17
Curi RMB Capital
Illinois
$426K – – –
GI
18
GAMCO Investors
Connecticut
$345K – – –
BC
19
Brinker Capital
Pennsylvania
$310K -$7.54K -469 -2%
RVPG
20
Relative Value Partners Group
$276K – – –
HighTower Advisors
21
HighTower Advisors
Illinois
$264K – – –
ClearBridge Investments
22
ClearBridge Investments
New York
$243K – – –
First Eagle Investment Management
23
First Eagle Investment Management
New York
$227K – – –
Northern Trust
24
Northern Trust
Illinois
$211K – – –
SPC
25
Sigma Planning Corp
Michigan
$196K – – –
1
2

GF Hedge Fund Activity: Q2 2017 in Review

34 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q2 2017, worth a combined $131M — up 13% from $116M a quarter earlier.

Sellers outnumbered buyers: 1 fund closed out of GF and 0 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.

The largest buyer was Advisory Alpha, adding an estimated $769K. The largest seller was Lazard Asset Management, cutting an estimated $632K.

  • 34 institutional investors held New Germany Fund (GF) as of Q2 2017, down from 35 in Q1 2017.
  • Funds reported $131M of New Germany Fund stock for Q2 2017, up 13% quarter-over-quarter.
  • 0 funds opened new New Germany Fund positions in Q2 2017 and 1 closed out, a net change of -1 holder.
  • The largest New Germany Fund buyer in Q2 2017 was Advisory Alpha, an estimated $769K added.
  • The largest New Germany Fund seller in Q2 2017 was Lazard Asset Management, an estimated $632K sold.

Based on aggregated 13F filings for Q2 2017.