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GF

New Germany Fund

32 hedge funds and large institutions have $95.6M invested in New Germany Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.85% more ownership

Funds ownership: 51.11%51.96% (+0.85%)

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

6% less funds holding

Funds holding: 3432 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

35% less capital invested

Capital invested by funds: $147M → $95.6M (-$51.4M)

Holders
32
Holders Change
-2
Holders Change %
-5.88%
% of All Funds
0.71%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
8
Reduced
8
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$25.1M -$2.99M -188,865 -8%
Wells Fargo
2
Wells Fargo
California
$24.9M +$1.79M +112,665 +6%
1CP
3
1607 Capital Partners
Virginia
$14.1M +$1.65M +104,295 +9%
KIM
4
Karpus Investment Management
New York
$8.72M -$166K -10,452 -1%
COLIM
5
City of London Investment Management
United Kingdom
$8.01M +$2.38M +150,002 +28%
GF
6
Gabelli Funds
New York
$3.2M
UCI
7
Uncommon Cents Investing
Wisconsin
$2.74M -$59.9K -3,778 -2%
SFS
8
Shaker Financial Services
Virginia
$1.84M -$225K -14,212 -8%
TJHA
9
Thomas J. Herzfeld Advisors
Florida
$1.61M -$381K -24,001 -15%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.16M +$98.4K +6,208 +7%
Bank of America
11
Bank of America
North Carolina
$806K -$11.3K -714 -1%
CL
12
CSS LLC
Illinois
$511K +$20.6K +1,300 +3%
CA
13
Cornerstone Advisors
North Carolina
$507K -$385K -24,264 -36%
RVPG
14
Relative Value Partners Group
$463K +$13.7K +865 +3%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$416K
DWM
16
Dakota Wealth Management
Florida
$363K
GI
17
GAMCO Investors
Connecticut
$261K
LCM
18
Landscape Capital Management
New Jersey
$184K +$249K +15,702 New
AL
19
Arnhold LLC
New York
$172K
Northern Trust
20
Northern Trust
Illinois
$148K
SPC
21
Sigma Planning Corp
Michigan
$148K
UBS Group
22
UBS Group
Switzerland
$112K +$87.8K +5,536 +137%
Morgan Stanley
23
Morgan Stanley
New York
$109K -$19.3K -1,217 -12%
QC
24
QCM Cayman
Texas
$49K +$1M +63,120 New
TRCT
25
Tower Research Capital (TRC)
New York
$30K +$40.8K +2,574 New

GF Hedge Fund Activity: Q4 2018 in Review

32 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in New Germany Fund (GF) for Q4 2018, worth a combined $95.6M — down 35% from $147M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of GF and 5 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 8 added.

The largest buyer was City of London Investment Management, adding an estimated $2.38M. The largest seller was Lazard Asset Management, cutting an estimated $2.99M.

  • 32 institutional investors held New Germany Fund (GF) as of Q4 2018, down from 34 in Q3 2018.
  • Funds reported $95.6M of New Germany Fund stock for Q4 2018, down 35% quarter-over-quarter.
  • 5 funds opened new New Germany Fund positions in Q4 2018 and 7 closed out, a net change of -2 holders.
  • The largest New Germany Fund buyer in Q4 2018 was City of London Investment Management, an estimated $2.38M added.
  • The largest New Germany Fund seller in Q4 2018 was Lazard Asset Management, an estimated $2.99M sold.

Based on aggregated 13F filings for Q4 2018.