NEW GERMANY FD INC GF
COM · Closed-End Fund · CUSIP 644465106
- HeadquartersNew York, NY
- FilingsSEC EDGAR
34
institutional holders
+1 vs Q1 2023
8.9m
shares reported held*
$79.9mreported value*
3 new
10 added
10 reduced
2 sold out
net bought ≈ $544.8k (+60.7k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $8.98.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 34 |
| Q4 2022 | 32 |
| Q1 2023 | 33 |
| Q2 2023 | 34 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 12 |
| Q1 2023 | 18 | 9 |
| Q2 2023 | 13 | 12 |
Biggest buyers
| Allspring Global Investments Holdings, LLC | Added | +82.4k |
| 1607 Capital Partners, LLC | Added | +32.6k |
| UBS Group AG | Added | +19.5k |
| AQR Arbitrage LLC | Added | +10.6k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV | New | +10.5k |
| Shaker Financial Services, LLC | Added | +6.7k |
| CSS LLC/IL | Added | +5.7k |
| LPL Financial LLC | Added | +2.4k |
| HM PAYSON & CO | New | +1.6k |
| JPMORGAN CHASE & CO | New | +229 |
Biggest sellers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -25.8k |
| Relative Value Partners Group, LLC | Reduced | -24.9k |
| Almitas Capital LLC | Sold out | -15.1k |
| Cornerstone Advisors, LLC | Sold out | -15.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -12.9k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -12.0k |
| ROYAL BANK OF CANADA | Reduced | -3.2k |
| Uncommon Cents Investing LLC | Reduced | -1.4k |
| GABELLI FUNDS LLC | Reduced | -1.0k |
| WELLS FARGO & COMPANY/MN | Reduced | -72 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+1.0 pts · filed 2026-10-07
Stated purposeThe Reporting Persons acquired the Common Shares to which this Schedule 13D/A relates in the ordinary course of business for investment purposes because they believe that the Common Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons may engage in discussions with management, the Board of Directors (the "Board"), other shareholders of the Issuer and other relevant parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, board appointments, governance, performance, management, capitalization, trading of the Common Shares at a discount to the Issuer's net asset value and strategic… Full filing |
23.0% |
| LAZARD ASSET MANAGEMENT LLC 13G · exempt (held before listing) +4.1 pts · filed 2025-05-15 | 14.2% |
| Allspring Global Investments Holdings, LLC 13G · institution -2.4 pts · filed 2026-07-31 | 10.4% |
| 1607 Capital Partners, LLC 13G · institution -1.6 pts · filed 2026-08-14 | 5.0% |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 1 | $2.5k | 0 | — | — |
| Q2 2022 | 1 | $2.0k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $8.1k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 2.6m $23.0m | Added +82.4k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 2.3m $20.3m | Unchanged |
| 1607 Capital Partners, LLC 0.98% of their portfolio | 1.5m $13.7m | Added +32.6k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.87% of their portfolio | 1.2m $10.8m | Reduced -25.8k |
| Uncommon Cents Investing LLC 1.00% of their portfolio | 313.8k $2.8m | Reduced -1.4k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 273.0k $2.5m | Reduced -1.0k |
| Shaker Financial Services, LLC 0.87% of their portfolio | 220.9k $2.0m | Added +6.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 97.7k $878.0k | Reduced -3.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 62.9k $564.6k | Reduced -12.9k |
| CSS LLC/IL 0.04% of their portfolio | 56.0k $503.0k | Added +5.7k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 46.1k $413.8k | Unchanged |
| Hudson Portfolio Management LLC 0.43% of their portfolio | 43.6k $391.4k | Unchanged |
| Arnhold LLC 0.03% of their portfolio | 32.6k $293.1k | Unchanged |
| SMITH, MOORE & CO. 0.03% of their portfolio | 24.6k $220.6k | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 23.1k $207.5k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 22.2k $199.1k | Added +19.5k |
| AQR Arbitrage LLC 0.01% of their portfolio | 22.2k $199.0k | Added +10.6k |
| Sigma Planning Corp 0.01% of their portfolio | 19.4k $174.6k | Added +30 |
| MERIDIAN INVESTMENT COUNSEL INC. 0.06% of their portfolio | 17.3k $155.0k | Added +27 |
| Relative Value Partners Group, LLC 0.01% of their portfolio | 16.1k $144.7k | Reduced -24.9k |
| FINANCIAL COUNSELORS INC 0.00% of their portfolio | 14.7k $132.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 13.0k $116.7k | Added +2.4k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.02% of their portfolio | 10.5k $93.9k | New |
| MORGAN STANLEY 0.00% of their portfolio | 10.0k $90.0k | Reduced -46 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 5.5k $49.3k | Added +6 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 4.0k $36.2k | Reduced -12.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 3.8k $33.7k | Reduced -72 |
| Thomas J. Herzfeld Advisors, Inc. 0.01% of their portfolio | 1.9k $17.2k | Reduced -40 |
| HM PAYSON & CO 0.00% of their portfolio | 1.6k $13.9k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.4k $12.3k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 983 $8.8k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 314 $2.8k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 229 $2.1k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |