Turkish Inv Fund
TKF was delisted on the 22nd of December, 2017.
21 hedge funds and large institutions have $13.9M invested in Turkish Inv Fund in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 6 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
33% more capital invested
Capital invested by funds: $10.5M → $13.9M (+$3.46M)
16% less funds holding
Funds holding: 25 → 21 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$2.21M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$812K |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$673K |
| 4 |
Citigroup
New York
|
+$600K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.02M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$584K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$559K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$494K |
| 5 |
Lazard Asset Management
New York
|
-$473K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Lazard Asset Management
New York
| – | -$473K | -56,887 | Closed |
|
|
FIMG
27
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$283K | -34,104 | Closed |
|
28
Wells Fargo
San Francisco,
California
| – | -$1.82K | -200 | Closed |
|
TKF Hedge Fund Activity: Q2 2017 in Review
21 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Turkish Inv Fund (TKF) for Q2 2017, worth a combined $13.9M — up 33% from $10.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TKF and 2 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Yakira Capital Management, adding an estimated $2.21M. The largest seller was Matisse Capital, cutting an estimated $1.02M.
- 21 institutional investors held Turkish Inv Fund (TKF) as of Q2 2017, down from 25 in Q1 2017.
- Funds reported $13.9M of Turkish Inv Fund stock for Q2 2017, up 33% quarter-over-quarter.
- 2 funds opened new Turkish Inv Fund positions in Q2 2017 and 6 closed out, a net change of -4 holders.
- The largest Turkish Inv Fund buyer in Q2 2017 was Yakira Capital Management, an estimated $2.21M added.
- The largest Turkish Inv Fund seller in Q2 2017 was Matisse Capital, an estimated $1.02M sold.
Based on aggregated 13F filings for Q2 2017.