Taiwan Fund
TWN
24 hedge funds and large institutions have $101M invested in Taiwan Fund in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
11% more capital invested
Capital invested by funds: $91.3M → $101M (+$9.84M)
4% more funds holding
Funds holding: 23 → 24 (+1)
1.78% more ownership
Funds ownership: 61.77% → 63.56% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.2M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$499K |
| 3 |
Morgan Stanley
New York
|
+$153K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$49.8K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$45.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$98.6K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$86.4K |
| 3 |
OC
Oppenheimer & Co
New York
|
-$39.1K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$28K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$24.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Nomura Holdings
Tokyo,
Japan
| – | -$4K | -200 | Closed |
|
TWN Hedge Fund Activity: Q4 2013 in Review
24 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Taiwan Fund (TWN) for Q4 2013, worth a combined $101M — up 11% from $91.3M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new TWN positions and 2 closed out — a net gain of 1 holder — while 6 added to existing stakes and 9 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $1.2M. The largest seller was Lazard Asset Management, cutting an estimated $98.6K.
- 24 institutional investors held Taiwan Fund (TWN) as of Q4 2013, up from 23 in Q3 2013.
- Funds reported $101M of Taiwan Fund stock for Q4 2013, up 11% quarter-over-quarter.
- 3 funds opened new Taiwan Fund positions in Q4 2013 and 2 closed out, a net change of +1 holder.
- The largest Taiwan Fund buyer in Q4 2013 was City of London Investment Management, an estimated $1.2M added.
- The largest Taiwan Fund seller in Q4 2013 was Lazard Asset Management, an estimated $98.6K sold.
Based on aggregated 13F filings for Q4 2013.