Gramercy Investment Advisors

Gramercy Investment Advisors as of March 31, 2011

Portfolio Holdings for Gramercy Investment Advisors

Gramercy Investment Advisors holds 65 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Adams Express Company (ADX) 10.8 $30M 2.6M 11.37
Gabelli Dividend & Income Trust (GDV) 9.1 $25M 1.5M 16.63
Central Securities (CET) 5.8 $16M 683k 23.43
Liberty All-Star Equity Fund (USA) 5.7 $16M 3.0M 5.26
Morgan Stanley Asia Pacific Fund 5.6 $16M 917k 17.04
Royce Value Trust (RVT) 5.6 $16M 1.0M 15.39
Calamos Strategic Total Return Fund (CSQ) 5.5 $15M 1.6M 9.73
General American Investors (GAM) 3.9 $11M 382k 28.34
Macquarie Global Infr Total Rtrn Fnd 3.5 $9.6M 527k 18.22
SunAmerica Focused Alpha Growth Fund 3.4 $9.5M 476k 20.01
Tri-Continental Corporation (TY) 3.3 $9.2M 632k 14.62
Petroleum & Resources Corporation 3.0 $8.5M 277k 30.61
New Germany Fund (GF) 3.0 $8.4M 484k 17.34
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 2.6 $7.2M 517k 13.85
Boulder Total Return Fund 2.3 $6.3M 378k 16.76
H&Q Life Sciences Investors 2.2 $6.0M 501k 12.02
Thai Fund 2.0 $5.6M 420k 13.31
H&Q Healthcare Investors 1.9 $5.2M 364k 14.32
Boulder Growth & Income Fund (STEW) 1.8 $4.9M 742k 6.59
Korea Equity Fund 1.5 $4.2M 309k 13.61
Clough Global Allocation Fun (GLV) 1.4 $4.0M 244k 16.24
SunAmerica Focused Alpha Large Cap Fund 1.3 $3.5M 192k 18.17
Greater China Fund 1.0 $2.8M 224k 12.64
Taiwan Fund (TWN) 1.0 $2.7M 145k 18.67
Rmr Real Estate Income 0.9 $2.4M 78k 31.30
European Equity Fund (EEA) 0.8 $2.4M 290k 8.10
Liberty All-Star Growth Fund (ASG) 0.8 $2.3M 495k 4.61
Royce Micro Capital Trust (RMT) 0.8 $2.2M 215k 10.24
Gabelli Global Multimedia Trust (GGT) 0.8 $2.1M 270k 7.81
DWS Dreman Value Income Edge Fund 0.7 $2.0M 134k 14.65
Aberdeen Israel Fund 0.7 $1.8M 104k 17.58
Bancroft Fund (BCV) 0.7 $1.8M 103k 17.51
Taiwan Greater China Fund 0.7 $1.8M 250k 7.21
RMR Asia Pacific Real Estate Fund 0.6 $1.8M 100k 17.49
Ellsworth Fund (ECF) 0.6 $1.6M 211k 7.58
Ibero-America Fund (SNF) 0.6 $1.6M 229k 7.00
Clough Global Equity Fund closed-end fund (GLQ) 0.6 $1.6M 102k 15.37
Mexico Equity and Income Fund (MXE) 0.6 $1.5M 132k 11.58
Denali Fund 0.4 $1.1M 71k 16.10
Zweig Fund 0.3 $803k 223k 3.60
John Hancock Bank & Thrift Opportu. Fund (BTO) 0.3 $752k 43k 17.33
Asia Pacific Fund 0.3 $755k 64k 11.82
Korea (KF) 0.2 $697k 14k 48.33
Thai Capital Fund 0.2 $644k 51k 12.53
Claymore Dividend and Income Fund 0.2 $623k 37k 16.71
Source Capital (SOR) 0.2 $592k 10k 58.04
China Fund (CHN) 0.1 $343k 11k 31.47
Morgan Stanley Emerging Markets Fund 0.1 $295k 19k 15.96
New Ireland Fund 0.1 $314k 41k 7.63
Malaysia Fund 0.1 $273k 24k 11.47
Morgan Stanley China A Share Fund (CAF) 0.1 $259k 9.0k 28.78
Aberdeen Latin Amer Eqty 0.1 $220k 5.7k 38.94
Dividend Capital Realty Income Allocatio 0.1 $223k 59k 3.75
Central Europe and Russia Fund (CEE) 0.1 $145k 3.2k 45.31
First Trust Enhanced Equity Income Fund (FFA) 0.0 $108k 8.7k 12.45
Diamond Hill Finl Trnds Fd I 0.0 $105k 11k 9.89
Morgan Stanley East. Euro 0.0 $110k 5.7k 19.43
Morgan Stanley India Investment Fund (IIF) 0.0 $79k 3.3k 23.94
Macquarie/First Trust Global Infrstrctre (MFD) 0.0 $51k 3.2k 15.99
JF China Region Fund 0.0 $55k 3.6k 15.39
Latin American Discovery Fund 0.0 $46k 2.4k 19.17
Cohen & Steers infrastucture Fund (UTF) 0.0 $32k 1.8k 17.78
Lazard Global Total Return & Income Fund (LGI) 0.0 $20k 1.3k 15.38
RENN Global Entrepreneurs Fund (RCG) 0.0 $14k 6.7k 2.10
Aberdeen Asia-Pacific Income Fund (FAX) 0.0 $3.0k 500.00 6.00