Gramercy Funds Management

Gramercy Funds Management as of Sept. 30, 2013

Portfolio Holdings for Gramercy Funds Management

Gramercy Funds Management holds 60 positions in its portfolio as reported in the September 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 11.3 $49M 291k 168.01
WisdomTree Japan Total Dividend (DXJ) 10.6 $46M 950k 47.93
iShares MSCI Emerging Markets Indx (EEM) 7.8 $33M 819k 40.76
Adams Express Company (ADX) 7.3 $31M 2.5M 12.39
Royce Value Trust (RVT) 6.6 $29M 1.8M 16.11
General American Investors (GAM) 6.4 $28M 809k 34.14
Tri-Continental Corporation (TY) 6.2 $27M 1.5M 18.32
Petroleum & Resources Corporation 4.8 $21M 768k 27.04
iShares MSCI ACWI Index Fund (ACWI) 4.3 $19M 343k 53.92
iShares MSCI Spain Index (EWP) 3.6 $16M 450k 34.75
iShares MSCI EAFE Index Fund (EFA) 3.5 $15M 234k 63.80
Central Securities (CET) 3.4 $15M 629k 23.43
Liberty All-Star Equity Fund (USA) 2.6 $11M 2.0M 5.41
iShares MSCI Italy Index 2.3 $9.9M 704k 14.12
Thai Fund 1.9 $8.2M 414k 19.87
Boulder Total Return Fund 1.9 $8.0M 369k 21.80
Morgan Stanley Asia Pacific Fund 1.9 $8.1M 482k 16.74
Morgan Stanley India Investment Fund (IIF) 1.5 $6.3M 420k 15.07
Boulder Growth & Income Fund (STEW) 1.3 $5.4M 709k 7.63
Royce Micro Capital Trust (RMT) 1.2 $5.4M 458k 11.71
Vanguard Emerging Markets ETF (VWO) 1.0 $4.2M 106k 40.13
New Germany Fund (GF) 0.9 $3.9M 192k 20.59
Allianzgi Equity & Conv In 0.8 $3.5M 191k 18.57
Banro Corp 0.8 $3.4M 5.3M 0.65
Clough Global Allocation Fun (GLV) 0.7 $3.2M 209k 15.25
Ellsworth Fund (ECF) 0.6 $2.4M 309k 7.87
Mexico Equity and Income Fund (MXE) 0.5 $2.2M 143k 15.32
European Equity Fund (EEA) 0.5 $2.0M 241k 8.13
Aberdeen Israel Fund 0.4 $1.8M 118k 15.36
Zweig Fund 0.4 $1.8M 132k 13.51
Korea Equity Fund 0.4 $1.6M 185k 8.70
Clough Global Equity Fund closed-end fund (GLQ) 0.3 $1.4M 95k 15.03
Bancroft Fund (BCV) 0.3 $1.4M 81k 17.92
Denali Fund 0.3 $1.3M 67k 19.05
JF China Region Fund 0.2 $1.1M 72k 14.64
Aberdn Emring Mkts Telecomtions 0.2 $987k 51k 19.47
Asia Pacific Fund 0.2 $811k 80k 10.13
Alpine Total Dynamic Dividend Fund 0.1 $609k 152k 4.02
Korea (KF) 0.1 $536k 14k 38.85
Aberdeen Latin Amer Eqty 0.1 $447k 14k 31.68
Central Europe and Russia Fund (CEE) 0.1 $400k 12k 32.46
Direxion Shs Etf Tr china bull 3x 0.1 $344k 11k 30.18
Macquarie Global Infr Total Rtrn Fnd 0.1 $281k 13k 21.62
iShares MSCI South Africa Index (EZA) 0.1 $247k 3.9k 63.33
China Fund (CHN) 0.1 $204k 9.4k 21.70
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $199k 16k 12.84
Latin American Discovery Fund 0.1 $215k 16k 13.88
iShares MSCI Brazil Index (EWZ) 0.0 $172k 3.6k 47.78
Turkish Investment Fund 0.0 $186k 12k 15.00
Blackberry (BB) 0.0 $159k 20k 7.95
iShares MSCI South Korea Index Fund (EWY) 0.0 $141k 2.3k 61.30
Madison Strategic Sector Premium Fund 0.0 $116k 10k 11.60
Morgan Stanley East. Euro 0.0 $113k 6.0k 18.73
Swiss Helvetia Fund (SWZ) 0.0 $100k 7.0k 14.29
Aberdeen Indonesia Fund 0.0 $73k 7.4k 9.86
iShares FTSE/Xinhua China 25 Index (FXI) 0.0 $41k 1.1k 37.27
iShares MSCI Taiwan Index 0.0 $52k 3.7k 14.05
RMR Asia Pacific Real Estate Fund 0.0 $22k 1.3k 16.90
Taiwan Fund (TWN) 0.0 $29k 1.6k 18.12
Proshares Tr ftse xinh etf (XPP) 0.0 $11k 200.00 55.00