We are live on ! Find out more
KF

Korea Fund
KF

27 hedge funds and large institutions have $167M invested in Korea Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more capital invested

Capital invested by funds: $151M → $167M (+$15.9M)

0% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 7

0.92% less ownership

Funds ownership: 46.04% → 45.13% (-0.92%)

4% less funds holding

Funds holding: 28 → 27 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
27
Holders Change
-1
Holders Change %
-3.57%
% of All Funds
0.88%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
3
Increased
7
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
+$2.83M
2
DT
Diversified Trust
Tennessee
+$386K
3
U
UBS
Switzerland
+$111K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$33.4K
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$14.1K

Top Sellers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
-$4.06M
2
JP Morgan Chase
JP Morgan Chase
New York
-$851K
3
DA
Doliver Advisors
Texas
-$434K
4
Wells Fargo
Wells Fargo
California
-$281K
5
WAM
Wolverine Asset Management
Illinois
-$221K
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
1
City of London Investment Management
United Kingdom
$74.3M -$4.06M -109,263 -5%
Lazard Asset Management
2
Lazard Asset Management
New York
$54.9M +$2.83M +76,202 +6%
1CP
3
1607 Capital Partners
Virginia
$20.2M -$174K -4,688 -0.9%
Wells Fargo
4
Wells Fargo
California
$6.74M -$281K -7,565 -4%
DT
5
Diversified Trust
Tennessee
$2.12M +$386K +10,400 +23%
SO
6
STRS Ohio
Ohio
$1.55M – – –
TJHA
7
Thomas J. Herzfeld Advisors
Florida
$1.37M +$33.4K +900 +3%
AG
8
Ashmore Group
United Kingdom
$1.36M -$69.2K -1,861 -5%
Morgan Stanley
9
Morgan Stanley
New York
$1.16M -$25.5K -686 -2%
GFM
10
Gramercy Funds Management
Connecticut
$536K -$74.3K -2,000 -13%
OC
11
Oppenheimer & Co
New York
$515K -$101K -2,719 -17%
1IC
12
1919 Investment Counsel
Maryland
$503K – – –
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$401K – – –
Bank of America
14
Bank of America
North Carolina
$319K +$8.32K +224 +3%
FWSM
15
First Wilshire Securities Management
California
$275K – – –
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$260K – – –
U
17
UBS
Switzerland
$208K +$111K +2,991 +126%
ST
18
Stifel Trust
Missouri
$55K – – –
Creative Planning
19
Creative Planning
Kansas
$37K +$14.1K +379 +65%
Citigroup
20
Citigroup
New York
$20K +$5.39K +145 +40%
EWM
21
Edge Wealth Management
New York
$17K – – –
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$15K +$14.1K +380 New
WRM
23
Westport Resources Management
Connecticut
$10K – – –
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$8K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$8K +$7.88K +212 New
1
2

KF Hedge Fund Activity: Q3 2013 in Review

27 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q3 2013, worth a combined $167M — up 11% from $151M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of KF and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 7 added.

The largest buyer was Lazard Asset Management, adding an estimated $2.83M. The largest seller was City of London Investment Management, cutting an estimated $4.06M.

  • 27 institutional investors held Korea Fund (KF) as of Q3 2013, down from 28 in Q2 2013.
  • Funds reported $167M of Korea Fund stock for Q3 2013, up 11% quarter-over-quarter.
  • 3 funds opened new Korea Fund positions in Q3 2013 and 4 closed out, a net change of -1 holder.
  • The largest Korea Fund buyer in Q3 2013 was Lazard Asset Management, an estimated $2.83M added.
  • The largest Korea Fund seller in Q3 2013 was City of London Investment Management, an estimated $4.06M sold.

Based on aggregated 13F filings for Q3 2013.