Gramercy Funds Management

Gramercy Funds Management as of Dec. 31, 2014

Portfolio Holdings for Gramercy Funds Management

Gramercy Funds Management holds 73 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ypf Sa (YPF) 20.9 $74M 2.8M 26.47
PowerShares QQQ Trust, Series 1 11.2 $40M 385k 103.25
Adams Express Company (ADX) 7.7 $28M 2.0M 13.68
General American Investors (GAM) 7.7 $27M 783k 35.00
Tri-Continental Corporation (TY) 7.5 $27M 1.3M 21.41
iShares MSCI Emerging Markets Indx (EEM) 4.8 $17M 432k 39.29
Liberty All-Star Equity Fund (USA) 3.4 $12M 2.0M 5.98
Central Securities (CET) 3.4 $12M 550k 21.97
Royce Value Trust (RVT) 2.9 $10M 719k 14.33
Thai Fund 2.1 $7.7M 650k 11.79
Boulder Total Return Fund 2.0 $7.2M 261k 27.75
Boulder Growth & Income Fund (STEW) 2.0 $7.0M 772k 9.05
Morgan Stanley India Investment Fund (IIF) 1.4 $4.9M 184k 26.88
Central Europe and Russia Fund (CEE) 1.3 $4.6M 232k 19.78
Market Vector Russia ETF Trust 1.1 $4.0M 272k 14.63
Morgan Stanley Asia Pacific Fund 1.1 $3.9M 261k 14.85
SPDR S&P Oil & Gas Explore & Prod. 1.1 $3.7M 78k 47.86
iShares MSCI Brazil Index (EWZ) 0.9 $3.4M 92k 36.57
Turkish Investment Fund 0.9 $3.4M 308k 11.03
Aberdeen Latin Amer Eqty 0.9 $3.2M 142k 22.58
Japan Equity Fund ietf (JEQ) 0.8 $3.0M 447k 6.77
Japan Smaller Capitalizaion Fund (JOF) 0.8 $2.9M 323k 8.97
Market Vectors Gold Miners ETF 0.8 $2.8M 150k 18.38
Duff & Phelps Global (DPG) 0.8 $2.7M 126k 21.64
Mexico Equity and Income Fund (MXE) 0.7 $2.3M 186k 12.61
Korea (KF) 0.6 $2.2M 58k 37.53
Clough Global Allocation Fun (GLV) 0.6 $2.0M 134k 14.77
iShares MSCI Japan Index 0.5 $1.9M 169k 11.24
Cohen & Steers infrastucture Fund (UTF) 0.5 $1.9M 82k 22.72
Jpmorgan China Region 0.5 $1.8M 105k 16.91
European Equity Fund (EEA) 0.5 $1.7M 205k 8.23
Korea Equity Fund 0.5 $1.7M 216k 7.70
Cohen & Steers Quality Income Realty (RQI) 0.5 $1.7M 137k 12.19
Denali Fund 0.4 $1.5M 67k 22.58
Templeton Russia & East European Fund 0.4 $1.5M 168k 9.00
WisdomTree Japan Total Dividend (DXJ) 0.4 $1.5M 30k 49.23
Banro Corp 0.4 $1.4M 11M 0.13
Aberdeen Israel Fund 0.4 $1.4M 84k 16.60
Macquarie Global Infr Total Rtrn Fnd 0.4 $1.3M 52k 24.72
Taiwan Fund (TWN) 0.3 $1.2M 75k 16.36
Cohen & Steers REIT/P (RNP) 0.3 $1.1M 57k 19.00
Singapore Fund 0.3 $1.0M 86k 11.92
iShares MSCI Hong Kong Index Fund (EWH) 0.3 $1.0M 49k 20.55
China Fund (CHN) 0.3 $1.0M 55k 18.23
Morgan Stanley East. Euro 0.3 $994k 72k 13.81
Ellsworth Fund (ECF) 0.3 $958k 110k 8.71
New Ireland Fund 0.3 $964k 76k 12.62
Aberdeen Indonesia Fund 0.3 $922k 110k 8.41
Aberdn Emring Mkts Telecomtions 0.2 $895k 68k 13.08
Swiss Helvetia Fund (SWZ) 0.2 $894k 80k 11.13
iShares MSCI EMU Index (EZU) 0.2 $668k 18k 36.30
iShares S&P Europe 350 Index (IEV) 0.2 $672k 16k 42.53
Spdr Euro Stoxx 50 Etf (FEZ) 0.2 $667k 18k 36.85
Templeton Dragon Fund (TDF) 0.2 $652k 27k 24.03
Latin American Discovery Fund 0.2 $652k 58k 11.16
Ishares msci uk 0.2 $645k 36k 18.02
LMP Real Estate Income Fund 0.2 $612k 49k 12.54
First Tr/aberdeen Emerg Opt 0.2 $586k 36k 16.46
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $541k 13k 41.62
Advent/Claymore Enhanced Growth & Income 0.1 $452k 51k 8.90
Tortoise Pwr & Energy 0.1 $337k 13k 25.74
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $199k 16k 12.84
Proshares Tr ult msci brazl 0.1 $173k 6.0k 28.83
New Germany Fund (GF) 0.0 $145k 10k 14.07
Spdr S&p 500 Etf (SPY) 0.0 $92k 450.00 204.44
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.0 $122k 12k 10.39
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.0 $109k 5.6k 19.46
Clough Global Equity Fund closed-end fund (GLQ) 0.0 $96k 6.6k 14.55
RMR Asia Pacific Real Estate Fund 0.0 $58k 2.8k 20.72
Asia Tigers Fund 0.0 $76k 6.8k 11.22
Virtus Total Return Fund Cef 0.0 $63k 14k 4.52
RENN Global Entrepreneurs Fund (RCG) 0.0 $21k 16k 1.31
THE GDL FUND Closed-End fund (GDL) 0.0 $36k 3.5k 10.29