Korea Fund
30 hedge funds and large institutions have $170M invested in Korea Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
14% more capital invested
Capital invested by funds: $149M → $170M (+$21.2M)
11% more funds holding
Funds holding: 27 → 30 (+3)
4.22% more ownership
Funds ownership: 63.41% → 67.64% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.45M |
| 2 |
AMI
Amica Mutual Insurance
Providence,
Rhode Island
|
+$846K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$828K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$536K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.19M |
| 2 |
CLOS
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
|
-$454K |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$370K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$260K |
| 5 |
Citigroup
New York
|
-$198K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
26
Edge Wealth Management
New York
| $16K | – | – | – |
|
|
ARMT
27
Amica Retiree Medical Trust
Lincoln,
Rhode Island
| $9K | +$8.91K | +260 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $8K | – | – | – |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $4K | – | – | – |
|
|
GBBWRPM
30
Genovese Burford & Brothers Wealth & Retirement Plan Management
Sacramento,
California
| $1K | – | – | – |
|
|
CLOS
31
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| – | -$454K | -14,035 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$18K | -561 | Closed |
|
|
MWP
33
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$3K | -80 | Closed |
|
KF Hedge Fund Activity: Q3 2016 in Review
30 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q3 2016, worth a combined $170M — up 14% from $149M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new KF positions and 3 closed out — a net gain of 3 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $4.45M. The largest seller was Lazard Asset Management, cutting an estimated $2.19M.
- 30 institutional investors held Korea Fund (KF) as of Q3 2016, up from 27 in Q2 2016.
- Funds reported $170M of Korea Fund stock for Q3 2016, up 14% quarter-over-quarter.
- 6 funds opened new Korea Fund positions in Q3 2016 and 3 closed out, a net change of +3 holders.
- The largest Korea Fund buyer in Q3 2016 was City of London Investment Management, an estimated $4.45M added.
- The largest Korea Fund seller in Q3 2016 was Lazard Asset Management, an estimated $2.19M sold.
Based on aggregated 13F filings for Q3 2016.