Taiwan Fund
TWN
21 hedge funds and large institutions have $102M invested in Taiwan Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 5 closing their positions.
1.12% more ownership
Funds ownership: 64.95% → 66.08% (+1.1%)
6% less capital invested
Capital invested by funds: $109M → $102M (-$7.06M)
13% less funds holding
Funds holding: 24 → 21 (-3)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$795K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$206K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$161K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.27M |
| 2 |
Lazard Asset Management
New York
|
-$841K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$277K |
| 4 |
LPL Financial
San Diego,
California
|
-$272K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$7K | -357 | Closed |
|
TWN Hedge Fund Activity: Q3 2014 in Review
21 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Taiwan Fund (TWN) for Q3 2014, worth a combined $102M — down 6.5% from $109M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TWN and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was City of London Investment Management, adding an estimated $3.51M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.27M sold.
- 21 institutional investors held Taiwan Fund (TWN) as of Q3 2014, down from 24 in Q2 2014.
- Funds reported $102M of Taiwan Fund stock for Q3 2014, down 6.5% quarter-over-quarter.
- 2 funds opened new Taiwan Fund positions in Q3 2014 and 5 closed out, a net change of -3 holders.
- The largest Taiwan Fund buyer in Q3 2014 was City of London Investment Management, an estimated $3.51M added.
- The largest Taiwan Fund seller in Q3 2014 was Mariner Investment Group, an estimated $1.27M sold.
Based on aggregated 13F filings for Q3 2014.