Korea Fund
19 hedge funds and large institutions have $155M invested in Korea Fund in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.58% less ownership
Funds ownership: 52.76% → 52.18% (-0.58%)
11% less capital invested
Capital invested by funds: $173M → $155M (-$18.2M)
30% less funds holding
Funds holding: 27 → 19 (-8)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.59M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$981K |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$371K |
| 4 |
PBT
Pictet Bank & Trust
Nassau,
Bahamas
|
+$346K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.94M |
| 2 |
LK
Lumbard & Kellner
Hollis,
New Hampshire
|
-$1.6M |
| 3 |
Morgan Stanley
New York
|
-$650K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$207K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$22.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | -$4K | -100 | Closed |
|
KF Hedge Fund Activity: Q4 2014 in Review
19 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q4 2014, worth a combined $155M — down 11% from $173M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of KF and 2 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was City of London Investment Management, adding an estimated $2.59M. The largest seller was Lazard Asset Management, cutting an estimated $2.94M.
- 19 institutional investors held Korea Fund (KF) as of Q4 2014, down from 27 in Q3 2014.
- Funds reported $155M of Korea Fund stock for Q4 2014, down 11% quarter-over-quarter.
- 2 funds opened new Korea Fund positions in Q4 2014 and 7 closed out, a net change of -5 holders.
- The largest Korea Fund buyer in Q4 2014 was City of London Investment Management, an estimated $2.59M added.
- The largest Korea Fund seller in Q4 2014 was Lazard Asset Management, an estimated $2.94M sold.
Based on aggregated 13F filings for Q4 2014.