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KF

Korea Fund
KF

28 hedge funds and large institutions have $165M invested in Korea Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 7

5% less capital invested

Capital invested by funds: $173M → $165M (-$7.94M)

1% less ownership

Funds ownership: 49.09% → 48.08% (-1%)

13% less funds holding

Funds holding: 32 → 28 (-4)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
28
Holders Change
-4
Holders Change %
-12.5%
% of All Funds
0.81%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
1
Increased
7
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GFM
Gramercy Funds Management
Connecticut
+$1.36M
2
COLIM
City of London Investment Management
United Kingdom
+$569K
3
WAM
Wolverine Asset Management
Illinois
+$105K
4
U
UBS
Switzerland
+$33.7K
5
S
SignatureFD
Georgia
+$19.9K

Top Sellers

Rank Fund Capital Flow
1
AG
Ashmore Group
United Kingdom
-$1.39M
2
1CP
1607 Capital Partners
Virginia
-$687K
3
Lazard Asset Management
Lazard Asset Management
New York
-$524K
4
SG Americas Securities
SG Americas Securities
New York
-$237K
5
AHC
Anderson Hoagland & Co
Missouri
-$229K
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
1
City of London Investment Management
United Kingdom
$73.2M +$569K +14,308 +0.8%
Lazard Asset Management
2
Lazard Asset Management
New York
$54.6M -$524K -13,178 -1%
1CP
3
1607 Capital Partners
Virginia
$19.6M -$687K -17,288 -3%
Wells Fargo
4
Wells Fargo
California
$7.39M -$22.8K -573 -0.3%
GFM
5
Gramercy Funds Management
Connecticut
$2.11M +$1.36M +34,185 +185%
SO
6
STRS Ohio
Ohio
$1.6M – – –
LK
7
Lumbard & Kellner
New Hampshire
$1.51M – – –
TJHA
8
Thomas J. Herzfeld Advisors
Florida
$1.32M -$65.6K -1,650 -5%
Morgan Stanley
9
Morgan Stanley
New York
$1.2M +$10.6K +267 +0.9%
1IC
10
1919 Investment Counsel
Maryland
$519K – – –
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$414K – – –
OC
12
Oppenheimer & Co
New York
$384K -$146K -3,671 -28%
FWSM
13
First Wilshire Securities Management
California
$283K – – –
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$268K – – –
Bank of America
15
Bank of America
North Carolina
$227K +$2.98K +75 +1%
U
16
UBS
Switzerland
$190K +$33.7K +849 +22%
WAM
17
Wolverine Asset Management
Illinois
$140K +$105K +2,632 +299%
ST
18
Stifel Trust
Missouri
$57K – – –
Creative Planning
19
Creative Planning
Kansas
$55K – – –
S
20
SignatureFD
Georgia
$20K +$19.9K +500 New
EWM
21
Edge Wealth Management
New York
$18K – – –
Citigroup
22
Citigroup
New York
$15K -$9.58K -241 -39%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$15K – – –
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$8K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$5K +$3.54K +89 +278%
1
2

KF Hedge Fund Activity: Q1 2014 in Review

28 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Korea Fund (KF) for Q1 2014, worth a combined $165M — down 4.6% from $173M a quarter earlier.

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

The largest buyer was Gramercy Funds Management, adding an estimated $1.36M. The largest seller was Ashmore Group, cutting an estimated $1.39M.

  • 28 institutional investors held Korea Fund (KF) as of Q1 2014, down from 32 in Q4 2013.
  • Funds reported $165M of Korea Fund stock for Q1 2014, down 4.6% quarter-over-quarter.
  • 1 fund opened new Korea Fund positions in Q1 2014 and 4 closed out, a net change of -3 holders.
  • The largest Korea Fund buyer in Q1 2014 was Gramercy Funds Management, an estimated $1.36M added.
  • The largest Korea Fund seller in Q1 2014 was Ashmore Group, an estimated $1.39M sold.

Based on aggregated 13F filings for Q1 2014.