Korea Fund
27 hedge funds and large institutions have $149M invested in Korea Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 6 closing their positions.
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0.35% less ownership
Funds ownership: 65.59% → 65.24% (-0.35%)
4% less funds holding
Funds holding: 28 → 27 (-1)
12% less capital invested
Capital invested by funds: $169M → $149M (-$20.8M)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
+$17M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.57M |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.47M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$886K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$328K |
| 2 |
FWSM
First Wilshire Securities Management
Pasadena,
California
|
-$211K |
| 3 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
-$176K |
| 4 |
EDRS
Edmond de Rothschild (Suisse)
Geneva,
Switzerland
|
-$176K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$84.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $4K | +$4.29K | +117 | New |
|
|
MWP
27
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| $2K | – | – | – |
|
|
FWSM
28
First Wilshire Securities Management
Pasadena,
California
| – | -$211K | -5,945 | Closed |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| – | -$27K | -750 | Closed |
|
30
Citigroup
New York
| – | -$25K | -713 | Closed |
|
|
BCM
31
Brookstone Capital Management
Wheaton,
Illinois
| – | -$9K | -240 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$3.33K | -91 | Closed |
|
|
LNB
33
Ledyard National Bank
| – | -$2K | -56 | Closed |
|
KF Hedge Fund Activity: Q4 2015 in Review
27 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q4 2015, worth a combined $149M — down 12% from $169M a quarter earlier.
Fund positioning in KF was balanced in Q4 2015: 6 funds opened new positions, 6 closed out, 5 added to existing stakes and 6 trimmed.
The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $17M. The largest seller was Bank of America, cutting an estimated $328K.
- 27 institutional investors held Korea Fund (KF) as of Q4 2015, down from 28 in Q3 2015.
- Funds reported $149M of Korea Fund stock for Q4 2015, down 12% quarter-over-quarter.
- 6 funds opened new Korea Fund positions in Q4 2015 and 6 closed out, a net change of 0 holders.
- The largest Korea Fund buyer in Q4 2015 was Aberdeen Asset Management, an estimated $17M added.
- The largest Korea Fund seller in Q4 2015 was Bank of America, an estimated $328K sold.
Based on aggregated 13F filings for Q4 2015.