Korea Fund
27 hedge funds and large institutions have $173M invested in Korea Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
4.57% more ownership
Funds ownership: 48.19% → 52.76% (+4.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $176M → $173M (-$2.85M)
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 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.95M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$431K |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$418K |
| 4 |
Morgan Stanley
New York
|
+$95.4K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$62.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.63M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$586K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$399K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$36.4K |
| 5 |
Citigroup
New York
|
-$26.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWP
26
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| $3K | – | – | – |
|
|
LNB
27
Ledyard National Bank
| $2K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$586K | -13,720 | Closed |
|
|
DA
29
Doliver Advisors
Houston,
Texas
| – | -$399K | -9,349 | Closed |
|
|
AG
30
Ashmore Group
London,
United Kingdom
| – | -$10K | -226 | Closed |
|
31
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1K | -33 | Closed |
|
KF Hedge Fund Activity: Q3 2014 in Review
27 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q3 2014, worth a combined $173M — down 1.6% from $176M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of KF and 3 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 7 added.
The largest buyer was City of London Investment Management, adding an estimated $4.95M. The largest seller was Lazard Asset Management, cutting an estimated $2.63M.
- 27 institutional investors held Korea Fund (KF) as of Q3 2014, down from 28 in Q2 2014.
- Funds reported $173M of Korea Fund stock for Q3 2014, down 1.6% quarter-over-quarter.
- 3 funds opened new Korea Fund positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest Korea Fund buyer in Q3 2014 was City of London Investment Management, an estimated $4.95M added.
- The largest Korea Fund seller in Q3 2014 was Lazard Asset Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q3 2014.