Gramercy Investment Advisors

Gramercy Investment Advisors as of Dec. 31, 2011

Portfolio Holdings for Gramercy Investment Advisors

Gramercy Investment Advisors holds 71 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Adams Express Company (ADX) 10.3 $25M 2.6M 9.64
Tri-Continental Corporation (TY) 6.4 $16M 1.1M 14.23
Gabelli Dividend & Income Trust (GDV) 5.9 $14M 932k 15.42
Calamos Strategic Total Return Fund (CSQ) 5.8 $14M 1.7M 8.35
Central Securities (CET) 5.7 $14M 682k 20.46
Royce Value Trust (RVT) 4.9 $12M 980k 12.27
Liberty All-Star Equity Fund (USA) 4.1 $10M 2.4M 4.22
Petroleum & Resources Corporation 4.0 $9.9M 403k 24.48
General American Investors (GAM) 3.9 $9.5M 382k 24.91
SunAmerica Focused Alpha Growth Fund 3.6 $8.7M 476k 18.28
Morgan Stanley Asia Pacific Fund 3.1 $7.6M 578k 13.10
Macquarie Global Infr Total Rtrn Fnd 2.5 $6.1M 361k 16.99
New Germany Fund (GF) 2.4 $5.9M 484k 12.24
Boulder Total Return Fund 2.3 $5.7M 378k 15.10
Zweig Total Return Fund 2.1 $5.1M 1.7M 3.03
Eaton Vance Risk Managed Diversified (ETJ) 2.0 $5.0M 474k 10.45
Thai Fund 2.0 $4.9M 400k 12.26
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 2.0 $4.9M 461k 10.57
Taiwan Fund (TWN) 1.9 $4.5M 312k 14.49
Boulder Growth & Income Fund (STEW) 1.8 $4.3M 744k 5.74
THE GDL FUND Closed-End fund (GDL) 1.6 $3.8M 321k 11.80
SunAmerica Focused Alpha Large Cap Fund 1.5 $3.7M 229k 16.22
Japan Smaller Capitalizaion Fund (JOF) 1.4 $3.4M 472k 7.18
Clough Global Allocation Fun (GLV) 1.3 $3.1M 247k 12.75
H&Q Life Sciences Investors 1.2 $2.9M 253k 11.47
Korea Equity Fund 1.1 $2.6M 283k 9.08
Ellsworth Fund (ECF) 0.9 $2.3M 343k 6.60
Rmr Real Estate Income 0.9 $2.2M 78k 28.21
Bancroft Fund (BCV) 0.8 $1.9M 129k 15.12
JF China Region Fund 0.7 $1.8M 165k 11.02
Eaton Vance Tax Managed Buy Write Opport (ETV) 0.7 $1.8M 152k 11.72
Liberty All-Star Growth Fund (ASG) 0.7 $1.8M 464k 3.81
European Equity Fund (EEA) 0.7 $1.7M 290k 5.94
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.7 $1.7M 244k 7.13
H&Q Healthcare Investors 0.6 $1.6M 110k 14.11
Source Capital (SOR) 0.6 $1.6M 33k 47.00
Aberdeen Israel Fund 0.6 $1.5M 118k 12.75
RMR Asia Pacific Real Estate Fund 0.6 $1.4M 101k 14.02
Gabelli Global Multimedia Trust (GGT) 0.6 $1.3M 215k 6.23
First Trust Enhanced Equity Income Fund (FFA) 0.5 $1.3M 116k 10.83
Clough Global Equity Fund closed-end fund (GLQ) 0.5 $1.2M 102k 12.04
Madison Strategic Sector Premium Fund 0.5 $1.2M 113k 10.64
Mexico Equity and Income Fund (MXE) 0.5 $1.2M 120k 9.95
Eaton Vance Enhanced Equity Income Fund (EOI) 0.4 $1.1M 105k 10.18
Aberdn Emring Mkts Telecomtions 0.4 $961k 55k 17.52
Alpine Global Premier Properties Fund 0.4 $876k 165k 5.30
Royce Micro Capital Trust (RMT) 0.4 $876k 100k 8.77
Madison/Claymore Cov. Call & Eq. Strat. 0.4 $881k 118k 7.47
Denali Fund 0.4 $888k 67k 13.23
Dividend Capital Realty Income Allocatio 0.3 $786k 225k 3.50
Guggenheim Enhanced Equity Strategy 0.2 $580k 36k 16.04
Asia Pacific Fund 0.2 $442k 47k 9.40
Thai Capital Fund 0.2 $439k 51k 8.59
iShares MSCI Brazil Index (EWZ) 0.1 $235k 4.1k 57.32
iShares MSCI South Korea Index Fund (EWY) 0.1 $235k 4.5k 52.22
Aberdeen Latin Amer Eqty 0.1 $253k 8.4k 30.09
iShares MSCI Taiwan Index 0.1 $211k 18k 11.72
Korea (KF) 0.1 $215k 6.0k 35.71
iShares MSCI South Africa Index (EZA) 0.1 $171k 2.8k 61.07
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $119k 3.4k 35.00
Ishares Tr msci russ indx 0.1 $113k 5.4k 20.93
Neuberger Berman Real Estate Sec (NRO) 0.0 $91k 24k 3.76
Malaysia Fund 0.0 $94k 10k 9.02
Aberdeen Indonesia Fund 0.0 $92k 7.8k 11.77
Central Europe and Russia Fund (CEE) 0.0 $66k 2.3k 28.70
Diamond Hill Finl Trnds Fd I 0.0 $74k 8.9k 8.30
SPDR S&P Emerging Latin America 0.0 $41k 600.00 68.33
RENN Global Entrepreneurs Fund (RCG) 0.0 $46k 25k 1.82
Latin American Discovery Fund 0.0 $54k 3.8k 14.21
India Fund (IFN) 0.0 $13k 696.00 18.68
Morgan Stanley India Investment Fund (IIF) 0.0 $22k 1.6k 13.75