Vault-13

NEW GERMANY FD INC GF

COM · Closed-End Fund · CUSIP 644465106

27 institutional holders -2 vs Q1 2026
10,851,50610.9m shares reported held*
$124.4mreported value*
2 new 9 added 11 reduced 3 sold out net bought ≈ $3.6m (+310.3k 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 ≈ $11.46.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 34Q4 22: 32Q1 23: 33Q2 23: 34Q3 23: 32Q4 23: 35Q1 24: 35Q2 24: 36Q3 24: 40Q4 24: 39Q1 25: 34Q2 25: 34Q3 25: 32Q4 25: 33Q1 26: 29Q2 26: 2727Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202234
Q4 202232
Q1 202333
Q2 202334
Q3 202332
Q4 202335
Q1 202435
Q2 202436
Q3 202440
Q4 202439
Q1 202534
Q2 202534
Q3 202532
Q4 202533
Q1 202629
Q2 202627

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 14 bought or addedQ3 24: 17 cut or sold outQ4 24: 10 bought or addedQ4 24: 21 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 19 cut or sold outQ2 25: 13 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 13 cut or sold outQ4 25: 9 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 15 cut or sold outQ2 26: 11 bought or addedQ2 26: 14 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241417
Q4 20241021
Q1 20251619
Q2 20251316
Q3 2025813
Q4 2025914
Q1 20261215
Q2 20261114

Biggest buyers

Saba Capital Management, L.P. Added +1,007,675+1.0m
SIT INVESTMENT ASSOCIATES INC Added +280,677+280.7k
LAZARD ASSET MANAGEMENT LLC Added +62,647+62.6k
XTX Topco Ltd New +13,374+13.4k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +8,968+9.0k
Altium Capital Management LLC Added +8,178+8.2k
OSAIC HOLDINGS, INC. Added +2,883+2.9k
CoreCap Advisors, LLC New +1,400+1.4k
Arnhold LLC Added +443+443
Uncommon Cents Investing LLC Added +209+209

Biggest sellers

Karpus Management, Inc. Reduced -349,894-349.9k
Allspring Global Investments Holdings, LLC Reduced -321,629-321.6k
1607 Capital Partners, LLC Reduced -254,960-255.0k
Shaker Financial Services, LLC Reduced -105,488-105.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -15,188-15.2k
Federation des caisses Desjardins du Quebec Sold out -8,927-8.9k
CSS LLC/IL Reduced -7,355-7.4k
PNC Financial Services Group, Inc. Reduced -5,384-5.4k
GUGGENHEIM CAPITAL LLC Reduced -3,213-3.2k
EVOLVE PRIVATE WEALTH, LLC Reduced -1,773-1.8k

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.

HolderStakeChangeShares Last filed
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% +1.0 pts 3.7m≈ $43.0m 2026-10-07
LAZARD ASSET MANAGEMENT LLC 13G · exempt (held before listing) +4.1 pts · filed 2025-05-15 14.2% +4.1 pts 2.3m≈ $26.3m 2025-05-15
Allspring Global Investments Holdings, LLC 13G · institution -2.4 pts · filed 2026-07-31 10.4% -2.4 pts 1.7m≈ $19.5m 2026-07-31
1607 Capital Partners, LLC 13G · institution -1.6 pts · filed 2026-08-14 5.0% -1.6 pts 811.4k≈ $9.3m 2026-08-14

Insider purchases and sales since 1 Apr 2026

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
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251$10.0k0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-28 Saba Capital Management, L.P. 10% owner Bought 1,272 $10.73 $13.6k1.3k shares +<1%
2026-09-25 Saba Capital Management, L.P. 10% owner Bought 5,256 $10.74 $56.4k5.3k shares +<1%
2026-09-24 Saba Capital Management, L.P. 10% owner Bought 500 $10.85 $5.4k500 shares +<1%
2026-09-23 Saba Capital Management, L.P. 10% owner Bought 4,657 $10.85 $50.5k4.7k shares +<1%
2026-09-22 Saba Capital Management, L.P. 10% owner Sold 12,336 $10.95 $135.1k12.3k shares -<1%
2026-09-21 Saba Capital Management, L.P. 10% owner Sold 930 $10.96 $10.2k930 shares -<1%
2026-09-18 Saba Capital Management, L.P. 10% owner Bought 14,185 $10.82 $153.5k14.2k shares +<1%
2026-09-17 Saba Capital Management, L.P. 10% owner Bought 1,258 $11.10 $14.0k1.3k shares +<1%
2026-09-16 Saba Capital Management, L.P. 10% owner Bought 1,534 $10.88 $16.7k1.5k shares +<1%
2026-09-15 Saba Capital Management, L.P. 10% owner Bought 3,306 $10.92 $36.1k3.3k shares +<1%
2026-09-09 Saba Capital Management, L.P. 10% owner Bought 800 $11.55 $9.2k800 shares +<1%
2026-09-08 Saba Capital Management, L.P. 10% owner Bought 1,179 $11.55 $13.6k1.2k shares +<1%
2026-09-03 Saba Capital Management, L.P. 10% owner Bought 3,721 $11.56 $43.0k3.7k shares +<1%
2026-09-02 Saba Capital Management, L.P. 10% owner Bought 2,000 $11.48 $23.0k2.0k shares +<1%
2026-09-01 Saba Capital Management, L.P. 10% owner Bought 905 $11.40 $10.3k905 shares +<1%
2026-08-20 Saba Capital Management, L.P. 10% owner Bought 300 $11.20 $3.4k300 shares +<1%
2026-08-11 Saba Capital Management, L.P. 10% owner Bought 4,758 $11.59 $55.1k4.8k shares +<1%
2026-08-05 Saba Capital Management, L.P. 10% owner Bought 266 $11.43 $3.0k266 shares +<1%
2026-08-04 Saba Capital Management, L.P. 10% owner Bought 1,844 $11.60 $21.4k1.8k shares +<1%
2026-08-03 Saba Capital Management, L.P. 10% owner Bought 157 $11.35 $1.8k157 shares +<1%
2026-07-31 Saba Capital Management, L.P. 10% owner Bought 708 $11.24 $8.0k708 shares +<1%
2026-07-29 Saba Capital Management, L.P. 10% owner Bought 100 $11.16 $1.1k100 shares +<1%
2026-07-27 Saba Capital Management, L.P. 10% owner Bought 325 $11.28 $3.7k325 shares +<1%
2026-07-23 Saba Capital Management, L.P. 10% owner Bought 38 $11.18 $42538 shares +<1%
2026-07-20 Saba Capital Management, L.P. 10% owner Bought 22,681 $11.41 $258.8k22.7k shares +1%
2026-07-17 Saba Capital Management, L.P. 10% owner Bought 500 $11.23 $5.6k500 shares +<1%
2026-07-06 Saba Capital Management, L.P. 10% owner Bought 6,600 $11.60 $76.6k6.6k shares +<1%
2026-07-02 Saba Capital Management, L.P. 10% owner Bought 37,087 $11.60 $430.2k37.1k shares +1%
2026-06-30 Saba Capital Management, L.P. 10% owner Bought 100 $11.37 $1.1k100 shares +<1%
2026-06-22 Saba Capital Management, L.P. 10% owner Bought 4 $11.79 $474 shares +<1%

The latest 30 of 59 trades.

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 1.26% of their portfolio NEW YORK, NY 3,602,8153.6m $41.3m $41.3m 1.26% Added +1.0m +1,007,675
2 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 2,398,8312.4m $27.5m $27.5m 0.04% Added +62.6k +62,647
3 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 1,697,9841.7m $19.5m $19.5m 0.03% Reduced -321.6k -321,629
4 1607 Capital Partners, LLC 0.81% of their portfolio Richmond, VA 811,397811.4k $9.3m $9.3m 0.81% Reduced -255.0k -254,960
5 Bulldog Investors, LLP 1.34% of their portfolio SADDLE BROOK, NJ 532,074532.1k $6.1m $6.1m 1.34% Unchanged
6 SIT INVESTMENT ASSOCIATES INC 0.10% of their portfolio Minneapolis, MN 446,865446.9k $5.1m $5.1m 0.10% Added +280.7k +280,677
7 Uncommon Cents Investing LLC 0.92% of their portfolio JANESVILLE, WI 369,092369.1k $4.2m $4.2m 0.92% Added +209 +209
8 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.20% of their portfolio London, X0 289,545289.5k $3.3m $3.3m 0.20% Unchanged
9 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 255,000255.0k $2.9m $2.9m 0.02% Unchanged
10 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.17% of their portfolio BLUE BELL, PA 117,686117.7k $1.3m $1.3m 0.17% Added +9.0k +8,968
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 81,69281.7k $936.0k $936.0k 0.00% Reduced -1.1k -1,142
12 Arnhold LLC 0.03% of their portfolio New York, NY 33,44033.4k $383.2k $383.2k 0.03% Added +443 +443
13 Altium Capital Management LLC 0.80% of their portfolio NEW YORK, NY 33,09833.1k $379.3k $379.3k 0.80% Added +8.2k +8,178
14 Hudson Portfolio Management LLC 0.28% of their portfolio Garrison, NY 32,69032.7k $374.6k $374.6k 0.28% Unchanged
15 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 29,54929.5k $338.6k $338.6k 0.00% Reduced -3.2k -3,213
16 EVOLVE PRIVATE WEALTH, LLC 0.02% of their portfolio LOS ANGELES, CA 24,16124.2k $276.9k $276.9k 0.02% Reduced -1.8k -1,773
17 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 20,90620.9k $239.6k $239.6k 0.01% Reduced -7.4k -7,355
18 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 18,20018.2k $208.6k $208.6k 0.00% Unchanged
19 Karpus Management, Inc. 0.01% of their portfolio Pittsford, NY 17,28717.3k $198.1k $198.1k 0.01% Reduced -349.9k -349,894
20 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 13,37413.4k $153.3k $153.3k 0.00% New
21 Shaker Financial Services, LLC 0.04% of their portfolio Arlington, VA 12,23512.2k $140.2k $140.2k 0.04% Reduced -105.5k -105,488
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,8655.9k $67.2k $67.2k 0.00% Reduced -97 -97
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7353.7k $42.8k $42.8k 0.00% Added +2.9k +2,883
24 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,4001.4k $16.0k $16.0k 0.00% New
25 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,2701.3k $14.6k $14.6k 0.00% Reduced -5.4k -5,384
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0011.0k $11.5k $11.5k 0.00% Added +1 +1
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 314314 $3.6k $3.6k 0.00% Reduced -77 -77