Korea Fund
27 hedge funds and large institutions have $167M invested in Korea Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more capital invested
Capital invested by funds: $151M → $167M (+$15.9M)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
0.92% less ownership
Funds ownership: 46.04% → 45.13% (-0.92%)
4% less funds holding
Funds holding: 28 → 27 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$2.83M |
| 2 |
DT
Diversified Trust
Memphis,
Tennessee
|
+$386K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$111K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$33.4K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.06M |
| 2 |
JP Morgan Chase
New York
|
-$851K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$434K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$281K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$221K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
26
SignatureFD
Atlanta,
Georgia
| $6K | +$5.57K | +150 | New |
|
|
MWP
27
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| $3K | – | – | – |
|
|
28
JP Morgan Chase
New York
| – | -$851K | -24,700 | Closed |
|
|
DA
29
Doliver Advisors
Houston,
Texas
| – | -$434K | -12,603 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$221K | -6,421 | Closed |
|
31
CIBC Asset Management
Toronto,
Ontario, Canada
| – | -$211K | -6,132 | Closed |
|
KF Hedge Fund Activity: Q3 2013 in Review
27 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q3 2013, worth a combined $167M — up 11% from $151M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of KF and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 7 added.
The largest buyer was Lazard Asset Management, adding an estimated $2.83M. The largest seller was City of London Investment Management, cutting an estimated $4.06M.
- 27 institutional investors held Korea Fund (KF) as of Q3 2013, down from 28 in Q2 2013.
- Funds reported $167M of Korea Fund stock for Q3 2013, up 11% quarter-over-quarter.
- 3 funds opened new Korea Fund positions in Q3 2013 and 4 closed out, a net change of -1 holder.
- The largest Korea Fund buyer in Q3 2013 was Lazard Asset Management, an estimated $2.83M added.
- The largest Korea Fund seller in Q3 2013 was City of London Investment Management, an estimated $4.06M sold.
Based on aggregated 13F filings for Q3 2013.