Gramercy Investment Advisors

Gramercy Investment Advisors as of Sept. 30, 2011

Portfolio Holdings for Gramercy Investment Advisors

Gramercy Investment Advisors holds 69 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Adams Express Company (ADX) 10.3 $25M 2.7M 9.21
Gabelli Dividend & Income Trust (GDV) 6.5 $16M 1.1M 13.69
Tri-Continental Corporation (TY) 5.8 $14M 1.1M 12.72
Calamos Strategic Total Return Fund (CSQ) 5.7 $14M 1.7M 7.96
Central Securities (CET) 5.6 $13M 682k 19.71
Royce Value Trust (RVT) 4.7 $11M 1.0M 11.08
Morgan Stanley Asia Pacific Fund 3.8 $8.9M 637k 14.03
Liberty All-Star Equity Fund (USA) 3.7 $8.9M 2.2M 4.10
General American Investors (GAM) 3.7 $8.8M 382k 22.96
SunAmerica Focused Alpha Growth Fund 3.5 $8.4M 476k 17.64
Macquarie Global Infr Total Rtrn Fnd 3.4 $8.1M 528k 15.32
Petroleum & Resources Corporation 3.1 $7.5M 332k 22.62
New Germany Fund (GF) 2.6 $6.2M 484k 12.78
Boulder Total Return Fund 2.1 $5.1M 378k 13.50
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 2.0 $4.9M 461k 10.55
Taiwan Fund (TWN) 2.0 $4.8M 317k 15.02
Thai Fund 2.0 $4.7M 400k 11.83
H&Q Healthcare Investors 2.0 $4.7M 358k 13.15
Zweig Total Return Fund 1.8 $4.2M 1.4M 3.03
Boulder Growth & Income Fund (STEW) 1.7 $4.1M 744k 5.46
Korea Equity Fund 1.6 $3.8M 343k 11.19
THE GDL FUND Closed-End fund (GDL) 1.6 $3.8M 321k 11.92
SunAmerica Focused Alpha Large Cap Fund 1.5 $3.6M 229k 15.64
H&Q Life Sciences Investors 1.4 $3.5M 330k 10.46
Clough Global Allocation Fun (GLV) 1.3 $3.1M 247k 12.40
Japan Smaller Capitalizaion Fund (JOF) 1.2 $3.0M 397k 7.45
Greater China Fund 0.9 $2.3M 232k 9.76
JF China Region Fund 0.9 $2.2M 203k 10.88
Ellsworth Fund (ECF) 0.9 $2.2M 343k 6.43
Rmr Real Estate Income 0.9 $2.1M 77k 26.97
Bancroft Fund (BCV) 0.8 $1.9M 130k 14.80
Liberty All-Star Growth Fund (ASG) 0.7 $1.8M 493k 3.60
European Equity Fund (EEA) 0.7 $1.7M 290k 5.89
Eaton Vance Tax Managed Buy Write Opport (ETV) 0.7 $1.7M 152k 10.92
Royce Micro Capital Trust (RMT) 0.7 $1.6M 215k 7.64
Aberdeen Israel Fund 0.7 $1.7M 118k 14.00
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.7 $1.6M 239k 6.68
China Fund (CHN) 0.6 $1.5M 67k 23.00
Gabelli Global Multimedia Trust (GGT) 0.6 $1.3M 215k 6.20
RMR Asia Pacific Real Estate Fund 0.6 $1.3M 101k 13.33
Shelton Greater China Fund 0.6 $1.3M 225k 5.86
Mexico Equity and Income Fund (MXE) 0.5 $1.3M 135k 9.59
Clough Global Equity Fund closed-end fund (GLQ) 0.5 $1.2M 102k 11.67
Aberdn Emring Mkts Telecomtions 0.4 $1.0M 60k 16.81
Denali Fund 0.4 $910k 67k 13.56
Alpine Global Premier Properties Fund 0.4 $874k 164k 5.34
Dividend Capital Realty Income Allocatio 0.3 $734k 223k 3.30
Aberdeen Indonesia Fund 0.3 $644k 55k 11.71
Guggenheim Enhanced Equity Strategy 0.2 $515k 36k 14.24
Asia Pacific Fund 0.2 $505k 54k 9.36
Korea (KF) 0.2 $488k 13k 37.19
Thai Capital Fund 0.2 $451k 54k 8.39
Morgan Stanley China A Share Fund (CAF) 0.1 $242k 11k 21.16
Aberdeen Latin Amer Eqty 0.1 $242k 8.3k 29.13
iShares MSCI South Africa Index (EZA) 0.1 $175k 3.1k 56.45
Malaysia Fund 0.1 $174k 19k 9.08
Morgan Stanley East. Euro 0.1 $128k 9.5k 13.52
Neuberger Berman Real Estate Sec (NRO) 0.0 $106k 30k 3.53
Turkish Investment Fund 0.0 $107k 8.4k 12.74
iShares MSCI Brazil Index (EWZ) 0.0 $62k 1.2k 51.67
Diamond Hill Finl Trnds Fd I 0.0 $80k 11k 7.54
Central Europe and Russia Fund (CEE) 0.0 $49k 1.6k 30.62
Latin American Discovery Fund 0.0 $51k 3.8k 13.42
India Fund (IFN) 0.0 $16k 696.00 22.99
Morgan Stanley India Investment Fund (IIF) 0.0 $27k 1.6k 16.88
RENN Global Entrepreneurs Fund (RCG) 0.0 $28k 17k 1.63
Herzfeld Caribbean Basin (CUBA) 0.0 $5.0k 900.00 5.56
New Ireland Fund 0.0 $7.0k 1.0k 7.00
Eagle Cap Growth (GRF) 0.0 $5.0k 800.00 6.25