Gramercy Funds Management

Gramercy Funds Management as of Sept. 30, 2014

Portfolio Holdings for Gramercy Funds Management

Gramercy Funds Management holds 72 positions in its portfolio as reported in the September 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Adams Express Company (ADX) 11.4 $30M 2.1M 13.94
General American Investors (GAM) 11.2 $29M 778k 37.06
Tri-Continental Corporation (TY) 10.7 $28M 1.3M 20.87
Royce Value Trust (RVT) 6.6 $17M 1.2M 14.50
Petroleum & Resources Corporation 5.3 $14M 480k 28.80
Central Securities (CET) 4.9 $13M 550k 22.98
Liberty All-Star Equity Fund (USA) 4.6 $12M 2.0M 5.83
Thai Fund 3.1 $8.1M 659k 12.29
Boulder Growth & Income Fund (STEW) 2.8 $7.1M 805k 8.84
Boulder Total Return Fund 2.7 $6.9M 261k 26.34
Duff & Phelps Global (DPG) 2.3 $5.9M 277k 21.27
Central Europe and Russia Fund (CEE) 2.2 $5.6M 226k 24.83
Ypf Sa (YPF) 1.9 $5.0M 134k 36.99
Royce Micro Capital Trust (RMT) 1.9 $4.8M 406k 11.77
Morgan Stanley India Investment Fund (IIF) 1.8 $4.7M 188k 24.88
Morgan Stanley Asia Pacific Fund 1.6 $4.3M 261k 16.32
Mexico Equity and Income Fund (MXE) 1.6 $4.1M 247k 16.47
Aberdeen Latin Amer Eqty 1.5 $3.9M 143k 27.34
Japan Equity Fund ietf (JEQ) 1.2 $3.2M 447k 7.11
Japan Smaller Capitalizaion Fund (JOF) 1.2 $3.1M 323k 9.69
Korea (KF) 0.8 $2.0M 48k 41.51
iShares MSCI Japan Index 0.8 $2.0M 169k 11.77
Clough Global Allocation Fun (GLV) 0.7 $1.9M 134k 14.31
Cohen & Steers infrastucture Fund (UTF) 0.7 $1.9M 82k 23.15
Korea Equity Fund 0.7 $1.8M 216k 8.27
Turkish Investment Fund 0.7 $1.8M 169k 10.43
Banro Corp 0.7 $1.7M 11M 0.16
European Equity Fund (EEA) 0.7 $1.7M 205k 8.21
Market Vectors Gold Miners ETF 0.6 $1.6M 75k 21.36
Jpmorgan China Region 0.6 $1.6M 105k 15.21
WisdomTree Japan Total Dividend (DXJ) 0.6 $1.6M 30k 52.33
Morgan Stanley East. Euro 0.6 $1.5M 98k 15.69
Cohen & Steers Quality Income Realty (RQI) 0.6 $1.5M 137k 10.63
Aberdeen Israel Fund 0.6 $1.5M 84k 17.38
Denali Fund 0.6 $1.5M 67k 21.71
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.5 $1.4M 138k 9.91
Cohen & Steers REIT/P (RNP) 0.5 $1.3M 75k 17.47
Macquarie Global Infr Total Rtrn Fnd 0.5 $1.3M 52k 24.74
China Fund (CHN) 0.4 $1.1M 55k 20.82
iShares MSCI South Africa Index (EZA) 0.4 $1.1M 18k 64.13
New Germany Fund (GF) 0.4 $1.1M 68k 16.70
Taiwan Fund (TWN) 0.4 $1.1M 60k 18.89
Swiss Helvetia Fund (SWZ) 0.4 $1.1M 80k 13.53
Aberdeen Indonesia Fund 0.4 $1.0M 110k 9.52
iShares MSCI Hong Kong Index Fund (EWH) 0.4 $1.0M 49k 20.32
iShares FTSE/Xinhua China 25 Index (FXI) 0.4 $995k 26k 38.27
Singapore Fund 0.4 $990k 80k 12.43
Aberdn Emring Mkts Telecomtions 0.4 $950k 68k 13.88
Ellsworth Fund (ECF) 0.4 $951k 110k 8.65
Latin American Discovery Fund 0.3 $916k 70k 13.13
New Ireland Fund 0.3 $843k 67k 12.66
Templeton Dragon Fund (TDF) 0.3 $715k 28k 25.78
iShares S&P Europe 350 Index (IEV) 0.3 $712k 16k 45.06
Spdr Euro Stoxx 50 Etf (FEZ) 0.3 $719k 18k 39.72
iShares MSCI EMU Index (EZU) 0.3 $708k 18k 38.48
Ishares msci uk 0.3 $694k 36k 19.39
Bancroft Fund (BCV) 0.2 $559k 28k 19.75
LMP Real Estate Income Fund 0.2 $548k 49k 11.23
Asia Pacific Fund 0.2 $496k 44k 11.27
Royal Gold (RGLD) 0.2 $424k 6.5k 64.93
Randgold Resources 0.2 $406k 6.0k 67.55
Eldorado Gold Corp 0.2 $406k 60k 6.74
Direxion Shs Etf Tr drx dlybrzb 3x 0.1 $387k 23k 16.79
Proshares Tr ult msci brazl 0.1 $316k 7.5k 42.13
Templeton Russia & East European Fund 0.1 $289k 23k 12.62
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $185k 16k 11.94
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.0 $107k 5.6k 19.10
Clough Global Equity Fund closed-end fund (GLQ) 0.0 $95k 6.6k 14.39
Virtus Total Return Fund Cef 0.0 $65k 14k 4.67
RMR Asia Pacific Real Estate Fund 0.0 $53k 2.8k 18.93
RENN Global Entrepreneurs Fund (RCG) 0.0 $24k 16k 1.50
THE GDL FUND Closed-End fund (GDL) 0.0 $37k 3.5k 10.57