Korea Fund
32 hedge funds and large institutions have $173M invested in Korea Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
19% more funds holding
Funds holding: 27 → 32 (+5)
3.96% more ownership
Funds ownership: 45.13% → 49.09% (+4%)
4% more capital invested
Capital invested by funds: $167M → $173M (+$6.11M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$460K |
| 2 |
SG Americas Securities
New York
|
+$232K |
| 3 |
AHC
Anderson Hoagland & Co
St Louis,
Missouri
|
+$225K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$203K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$189K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.86M |
| 2 |
Lazard Asset Management
New York
|
-$1.6M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$557K |
| 4 |
DT
Diversified Trust
Memphis,
Tennessee
|
-$162K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$105K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
26
Edge Wealth Management
New York
| $19K | – | – | – |
|
27
Bank of Montreal
Toronto,
Ontario, Canada
| $16K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $9K | – | – | – |
|
|
WEC
29
Winslow Evans & Crocker
Boston,
Massachusetts
| $7K | +$7.25K | +179 | New |
|
|
MWP
30
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| $3K | – | – | – |
|
|
LNB
31
Ledyard National Bank
| $2K | +$2.27K | +56 | New |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $1K | -$7.29K | -180 | -85% |
|
|
WRM
33
Westport Resources Management
Westport,
Connecticut
| – | -$10K | -255 | Closed |
|
|
S
34
SignatureFD
Atlanta,
Georgia
| – | -$6K | -150 | Closed |
|
KF Hedge Fund Activity: Q4 2013 in Review
32 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q4 2013, worth a combined $173M — up 3.7% from $167M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KF positions and 2 closed out — a net gain of 5 holders — while 4 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $460K. The largest seller was City of London Investment Management, cutting an estimated $3.86M.
- 32 institutional investors held Korea Fund (KF) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $173M of Korea Fund stock for Q4 2013, up 3.7% quarter-over-quarter.
- 7 funds opened new Korea Fund positions in Q4 2013 and 2 closed out, a net change of +5 holders.
- The largest Korea Fund buyer in Q4 2013 was Wells Fargo, an estimated $460K added.
- The largest Korea Fund seller in Q4 2013 was City of London Investment Management, an estimated $3.86M sold.
Based on aggregated 13F filings for Q4 2013.