TEMPLETON RUSSIA & EAST EURO FD
TRF
TRF was delisted on the 20th of November, 2015.
26 hedge funds and large institutions have $10.3M invested in TEMPLETON RUSSIA & EAST EURO FD in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 6 closing their positions.
4% less funds holding
Funds holding: 27 → 26 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
17% less capital invested
Capital invested by funds: $12.4M → $10.3M (-$2.13M)
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$1.28M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$179K |
| 3 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$140K |
| 4 |
HK
Horizon Kinetics
New York
|
+$105K |
| 5 |
Morgan Stanley
New York
|
+$65.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.49M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$385K |
| 3 |
SG Americas Securities
New York
|
-$292K |
| 4 |
Lazard Asset Management
New York
|
-$137K |
| 5 |
GCAC
Guardian Capital Advisors (Canada)
Toronto,
Ontario, Canada
|
-$124K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $1K | +$499 | +53 | New |
|
|
27
SG Americas Securities
New York
| – | -$292K | -32,468 | Closed |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$124K | -13,795 | Closed |
|
|
GCAC
29
Guardian Capital Advisors (Canada)
Toronto,
Ontario, Canada
| – | -$124K | -11,500 | Closed |
|
|
TJHA
30
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$90K | -10,000 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$35K | -3,910 | Closed |
|
|
NPC
32
National Planning Corporation
El Segundo,
California
| – | -$5.32K | -594 | Closed |
|
TRF Hedge Fund Activity: Q1 2015 in Review
26 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in TEMPLETON RUSSIA & EAST EURO FD (TRF) for Q1 2015, worth a combined $10.3M — down 17% from $12.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TRF and 5 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 5 added.
The largest buyer was Russell Frank Company, opening a new position worth an estimated $1.28M. The largest seller was City of London Investment Management, cutting an estimated $3.49M.
- 26 institutional investors held TEMPLETON RUSSIA & EAST EURO FD (TRF) as of Q1 2015, down from 27 in Q4 2014.
- Funds reported $10.3M of TEMPLETON RUSSIA & EAST EURO FD stock for Q1 2015, down 17% quarter-over-quarter.
- 5 funds opened new TEMPLETON RUSSIA & EAST EURO FD positions in Q1 2015 and 6 closed out, a net change of -1 holder.
- The largest TEMPLETON RUSSIA & EAST EURO FD buyer in Q1 2015 was Russell Frank Company, an estimated $1.28M added.
- The largest TEMPLETON RUSSIA & EAST EURO FD seller in Q1 2015 was City of London Investment Management, an estimated $3.49M sold.
Based on aggregated 13F filings for Q1 2015.