Turkish Inv Fund
TKF was delisted on the 22nd of December, 2017.
20 hedge funds and large institutions have $16.5M invested in Turkish Inv Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
18% more capital invested
Capital invested by funds: $13.9M → $16.5M (+$2.56M)
7.35% more ownership
Funds ownership: 33.27% → 40.62% (+7.4%)
5% less funds holding
Funds holding: 21 → 20 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.66M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$778K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$686K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$291K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$611K |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$522K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$495K |
| 4 |
BlackRock
New York
|
-$133K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$104K |
TKF Hedge Fund Activity: Q3 2017 in Review
20 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Turkish Inv Fund (TKF) for Q3 2017, worth a combined $16.5M — up 18% from $13.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TKF and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 7 added.
The largest buyer was Bulldog Investors, adding an estimated $2.66M. The largest seller was Citigroup, cutting an estimated $611K.
- 20 institutional investors held Turkish Inv Fund (TKF) as of Q3 2017, down from 21 in Q2 2017.
- Funds reported $16.5M of Turkish Inv Fund stock for Q3 2017, up 18% quarter-over-quarter.
- 2 funds opened new Turkish Inv Fund positions in Q3 2017 and 3 closed out, a net change of -1 holder.
- The largest Turkish Inv Fund buyer in Q3 2017 was Bulldog Investors, an estimated $2.66M added.
- The largest Turkish Inv Fund seller in Q3 2017 was Citigroup, an estimated $611K sold.
Based on aggregated 13F filings for Q3 2017.