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TWN

Taiwan Fund
TWN

18 hedge funds and large institutions have $95.6M invested in Taiwan Fund in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

25% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 4

13% more funds holding

Funds holding: 16 → 18 (+2)

12.05% more ownership

Funds ownership: 68.16% → 80.21% (+12%)

4% less capital invested

Capital invested by funds: $99.8M → $95.6M (-$4.2M)

Holders
18
Holders Change
+2
Holders Change %
+12.5%
% of All Funds
0.5%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
2
Increased
5
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AEC
Advance Emerging Capital
United Kingdom
+$14.1M
2
COLIM
City of London Investment Management
United Kingdom
+$1.05M
3
Lazard Asset Management
Lazard Asset Management
New York
+$278K
4
GFM
Gramercy Funds Management
Connecticut
+$224K
5
1CP
1607 Capital Partners
Virginia
+$178K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$394K
2
Wells Fargo
Wells Fargo
California
-$21.3K
3
Morgan Stanley
Morgan Stanley
New York
-$18.6K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.56K
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
1
City of London Investment Management
United Kingdom
$41M +$1.05M +67,413 +2%
Lazard Asset Management
2
Lazard Asset Management
New York
$27.9M +$278K +17,859 +0.9%
AEC
3
Advance Emerging Capital
United Kingdom
$13.1M +$14.1M +904,909 New
Wells Fargo
4
Wells Fargo
California
$4.79M -$21.3K -1,365 -0.4%
1CP
5
1607 Capital Partners
Virginia
$4.07M +$178K +11,410 +4%
GFM
6
Gramercy Funds Management
Connecticut
$1.49M +$224K +14,396 +16%
SO
7
STRS Ohio
Ohio
$946K – – –
CL
8
CSS LLC
Illinois
$840K – – –
TJHA
9
Thomas J. Herzfeld Advisors
Florida
$500K -$1.56K -100 -0.3%
KIM
10
Karpus Investment Management
New York
$332K -$394K -25,273 -52%
Morgan Stanley
11
Morgan Stanley
New York
$196K -$18.6K -1,193 -8%
Deutsche Bank
12
Deutsche Bank
Germany
$172K – – –
DA
13
Doliver Advisors
Texas
$172K – – –
UBS Group
14
UBS Group
Switzerland
$69K +$43.4K +2,784 +137%
BBPWM
15
Blue Bell Private Wealth Management
Pennsylvania
$25K – – –
Bank of America
16
Bank of America
North Carolina
$14K – – –
S
17
SignatureFD
Georgia
$7K – – –
Citigroup
18
Citigroup
New York
$1K +$1.17K +75 New

TWN Hedge Fund Activity: Q3 2015 in Review

18 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Taiwan Fund (TWN) for Q3 2015, worth a combined $95.6M — down 4.2% from $99.8M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new TWN positions and 0 closed out — a net gain of 2 holders — while 5 added to existing stakes and 4 trimmed.

The largest buyer was Advance Emerging Capital, opening a new position worth an estimated $14.1M. The largest seller was Karpus Investment Management, cutting an estimated $394K.

  • 18 institutional investors held Taiwan Fund (TWN) as of Q3 2015, up from 16 in Q2 2015.
  • Funds reported $95.6M of Taiwan Fund stock for Q3 2015, down 4.2% quarter-over-quarter.
  • 2 funds opened new Taiwan Fund positions in Q3 2015 and 0 closed out, a net change of +2 holders.
  • The largest Taiwan Fund buyer in Q3 2015 was Advance Emerging Capital, an estimated $14.1M added.
  • The largest Taiwan Fund seller in Q3 2015 was Karpus Investment Management, an estimated $394K sold.

Based on aggregated 13F filings for Q3 2015.