Taiwan Fund
TWN
23 hedge funds and large institutions have $103M invested in Taiwan Fund in 2016 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 4 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
3.18% more ownership
Funds ownership: 74.4% → 77.59% (+3.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $106M → $103M (-$3.26M)
8% less funds holding
Funds holding: 25 → 23 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.01M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$2.13M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$401K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$134K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$551K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$411K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$315K |
| 4 |
Lazard Asset Management
New York
|
-$264K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$26.3K |
TWN Hedge Fund Activity: Q4 2016 in Review
23 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Taiwan Fund (TWN) for Q4 2016, worth a combined $103M — down 3.1% from $106M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of TWN and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was City of London Investment Management, adding an estimated $3.01M. The largest seller was Wolverine Asset Management, cutting an estimated $551K.
- 23 institutional investors held Taiwan Fund (TWN) as of Q4 2016, down from 25 in Q3 2016.
- Funds reported $103M of Taiwan Fund stock for Q4 2016, down 3.1% quarter-over-quarter.
- 2 funds opened new Taiwan Fund positions in Q4 2016 and 4 closed out, a net change of -2 holders.
- The largest Taiwan Fund buyer in Q4 2016 was City of London Investment Management, an estimated $3.01M added.
- The largest Taiwan Fund seller in Q4 2016 was Wolverine Asset Management, an estimated $551K sold.
Based on aggregated 13F filings for Q4 2016.