Gramercy Funds Management

Gramercy Funds Management as of March 31, 2012

Portfolio Holdings for Gramercy Funds Management

Gramercy Funds Management holds 65 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Adams Express Company (ADX) 11.5 $29M 2.7M 10.98
Tri-Continental Corporation (TY) 8.2 $21M 1.3M 15.92
Central Securities (CET) 5.9 $15M 683k 22.12
Royce Value Trust (RVT) 5.5 $14M 1.0M 13.89
Petroleum & Resources Corporation 5.1 $13M 501k 25.99
General American Investors (GAM) 5.1 $13M 444k 29.00
Liberty All-Star Equity Fund (USA) 4.6 $12M 2.4M 4.93
Gabelli Dividend & Income Trust (GDV) 4.2 $11M 655k 16.38
Morgan Stanley Asia Pacific Fund 3.3 $8.5M 572k 14.86
New Germany Fund (GF) 2.8 $7.2M 477k 15.08
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 2.7 $6.9M 584k 11.78
Thai Fund 2.6 $6.7M 422k 15.94
Boulder Total Return Fund 2.5 $6.4M 378k 17.05
Zweig Total Return Fund 2.4 $6.0M 1.9M 3.20
Calamos Strategic Total Return Fund (CSQ) 2.3 $5.9M 585k 10.00
Eaton Vance Risk Managed Diversified (ETJ) 2.0 $5.0M 474k 10.59
Taiwan Fund (TWN) 1.9 $4.8M 285k 16.83
Boulder Growth & Income Fund (STEW) 1.8 $4.7M 744k 6.27
RMR Asia Pacific Real Estate Fund 1.5 $3.8M 239k 16.10
Japan Smaller Capitalizaion Fund (JOF) 1.4 $3.6M 463k 7.83
India Fund (IFN) 1.4 $3.5M 156k 22.30
Clough Global Allocation Fun (GLV) 1.3 $3.4M 244k 13.94
Macquarie Global Infr Total Rtrn Fnd 1.3 $3.3M 181k 18.45
THE GDL FUND Closed-End fund (GDL) 1.1 $2.8M 229k 12.27
Korea Equity Fund 1.1 $2.8M 285k 9.74
Aberdn Emring Mkts Telecomtions 1.0 $2.7M 137k 19.37
Ellsworth Fund (ECF) 1.0 $2.5M 343k 7.35
First Trust Enhanced Equity Income Fund (FFA) 0.9 $2.3M 191k 12.08
Madison Strategic Sector Premium Fund 0.9 $2.3M 191k 11.81
Bancroft Fund (BCV) 0.8 $2.1M 129k 16.69
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.8 $2.0M 244k 8.32
Madison/Claymore Cov. Call & Eq. Strat. 0.8 $2.0M 247k 8.27
Liberty All-Star Growth Fund (ASG) 0.8 $2.0M 464k 4.35
JF China Region Fund 0.8 $2.0M 159k 12.73
Eaton Vance Tax Managed Buy Write Opport (ETV) 0.8 $2.0M 152k 12.94
European Equity Fund (EEA) 0.8 $2.0M 290k 6.78
H&Q Healthcare Investors 0.7 $1.8M 110k 16.47
Source Capital (SOR) 0.7 $1.8M 33k 52.96
Aberdeen Israel Fund 0.7 $1.7M 118k 13.99
Clough Global Equity Fund closed-end fund (GLQ) 0.5 $1.3M 102k 13.09
Mexico Equity and Income Fund (MXE) 0.5 $1.3M 116k 11.40
Alpine Global Premier Properties Fund 0.5 $1.3M 194k 6.50
Eaton Vance Enhanced Equity Income Fund (EOI) 0.5 $1.2M 105k 11.06
Neuberger Berman Real Estate Sec (NRO) 0.4 $1.1M 246k 4.28
Denali Fund 0.4 $993k 67k 14.80
Guggenheim Enhanced Equity Strategy 0.2 $622k 36k 17.20
Thai Capital Fund 0.2 $592k 51k 11.58
Morgan Stanley India Investment Fund (IIF) 0.2 $557k 34k 16.57
Asia Pacific Fund 0.2 $437k 41k 10.58
Lazard World Dividend & Income Fund 0.2 $429k 35k 12.21
Templeton Dragon Fund (TDF) 0.1 $360k 13k 28.38
iShares MSCI South Korea Index Fund (EWY) 0.1 $268k 4.5k 59.56
iShares MSCI Taiwan Index 0.1 $283k 21k 13.41
iShares MSCI Brazil Index (EWZ) 0.1 $265k 4.1k 64.63
Korea (KF) 0.1 $256k 6.3k 40.50
Aberdeen Latin Amer Eqty 0.1 $252k 7.1k 35.45
iShares MSCI South Africa Index (EZA) 0.1 $200k 2.9k 68.97
Central Europe and Russia Fund (CEE) 0.1 $200k 5.7k 35.09
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $125k 3.4k 36.76
SPDR S&P Emerging Latin America 0.0 $95k 1.2k 79.17
Latin American Discovery Fund 0.0 $111k 6.8k 16.32
Malaysia Fund 0.0 $85k 8.2k 10.31
Gabelli Global Multimedia Trust (GGT) 0.0 $53k 7.3k 7.22
Royce Micro Capital Trust (RMT) 0.0 $52k 5.6k 9.33
RENN Global Entrepreneurs Fund (RCG) 0.0 $37k 19k 1.94