GF · New Germany Fund Inc · Holdings

$10.41 -0.02 (-0.19%)

Market Cap

$170.09M

16.31M

Volume · Oct 21 903 Avg daily vol (3M) 25.62K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of GF: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 26

Total Value: $124,875,544

Total Shares: 10,929,620

Institutional Ownership Trend

27 quarters

Superinvestors Holding GF

All superinvestors →

Mario Gabelli $208,572

Holder Concentration

Across 27 13F filers

Top Holder

33.2%

of institutional value

Top 5

83.3%

of institutional value

Top 10

97.0%

of institutional value

HHI

1,959

Moderately concentrated

Who Holds GF

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 27 filers, like-for-like change +2.9%; actively managed books +2.9%; index-like books -1.6%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	60.1%	13	+16.8%	1	0
Adviser	22.3%	2	-10.6%	0	0
Bank	0.8%	4	-8.3%	0	1
Holding company	15.7%	3	-15.7%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	1.1%	5	-11.0%	1	2

Style	Share	Filers	Change	New	Exited
Index-like	0.1%	1	-1.6%	0	0
Systematic-like	0.1%	1	new	1	0
Concentrated	3.0%	3	+0.9%	0	0
Diversified active	96.8%	22	+2.9%	1	3
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	15.5%	14	+19.4%	0	2
Medium turnover	83.6%	9	+0.4%	1	0
High turnover	0.3%	2	-21.1%	1	1
Unknown	0.5%	2	+12.6%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	0.7%	3	+38.9%	1	0
Medium horizon	0.3%	2	+4.3%	1	0
Long horizon	60.6%	18	-8.4%	0	3
Unknown	38.4%	4	+27.3%	0	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	17.8%	8	-15.4%	0	0
$1B to $10B	40.8%	8	+27.4%	2	0
$10B to $100B	40.6%	6	-5.8%	0	2
$100B or more	0.8%	5	-19.5%	0	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	4.9%	5	-15.1%	1	0
Pooled investment vehicles	35.9%	2	+34.9%	0	0
Registered funds and BDCs	11.4%	3	+29.4%	0	0
Diversified	8.0%	3	-22.8%	0	0
Pension and profit sharing plans	0.0%	0	—	0	0
Unknown	39.9%	14	-12.7%	1	3

Private funds	Share	Filers	Change	New	Exited
Hedge funds	41.2%	4	+20.3%	0	0
Other private funds	9.1%	3	+39.5%	0	0
No private funds	9.8%	6	-8.2%	1	0
Unknown	39.9%	14	-12.7%	1	3

Location	Share	Filers	Change	New	Exited
United States	96.5%	23	+3.0%	1	2
Outside the US	3.5%	4	+0.8%	1	1

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

27 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.027%

Mar 31, 2026: 0

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

97.0%

of 13F shares, Herfindahl 0.196

Active holders

+2.9%

like-for-like share change of active filers

5% stakes on record

1 13D, 3 13G (2 institutional, 0 passive, 1 exempt)

How long holders have held it value-weighted 16.7 quarters

Under 1 year 0.664% 1 to 3 years 44.0% 3 years or more 55.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$10.06

estimated per share

Mar 31, 2026: $9.39

Quarter-end price

$11.46

implied by 13F values

Estimated gain or loss

+13.9%

price against the estimated cost

Estimated at a loss

10.3%

of costed 13F value

Estimated cost covers 44.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of GF by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.00%	0.00 pp	0	0
Active ETFs	2.97%	+0.35 pp	483,934	1
Active funds	5.90%	-0.01 pp	962,019	6
Unclassified	0.00%	0.00 pp	0	0
All registered funds	8.87%	+0.34 pp	1,445,953	7

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 12 Adviser 2 Bank 4 Holding company 3 Unknown 5

Showing 26 of 26

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Saba Capital Management, L.P.

$41,288,259

33.06%

3,602,815

LAZARD ASSET MANAGEMENT LLC

$27,490,603

22.01%

2,398,831

Allspring Global Investments Holdings, LLC

$19,458,896

15.58%

1,697,984

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Allspring Global Investments, LLC reporting on behalf of UBS ASSET MANAGEMENT AMERICAS INC	1,697,984	$19,458,896	100.0%	Defined

1607 Capital Partners, LLC

$9,298,609

7.45%

811,397

Bulldog Investors, LLP

$6,097,568

4.88%

532,074

SIT INVESTMENT ASSOCIATES INC

$5,121,072

4.10%

446,865

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIT FIXED INCOME ADVISORS II LLC /ADV	446,865	$5,121,072	100.0%	Sole

Uncommon Cents Investing LLC

$3,924,287

3.14%

368,824

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD

$3,318,185

2.66%

289,545

GABELLI FUNDS LLC

$2,922,300

2.34%

255,000

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$1,348,681

1.08%

117,686

Shaker Financial Services, LLC

$979,060

0.78%

92,017

ROYAL BANK OF CANADA

$936,189

0.75%

81,692

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	81,389	$932,717	99.6%	Defined
RBC Rochdale, LLC	303	$3,472	0.4%	Defined

Arnhold LLC

$383,222

0.31%

33,440

Altium Capital Management LLC

$379,303

0.30%

33,098

Hudson Portfolio Management LLC

$374,627

0.30%

32,690

GUGGENHEIM CAPITAL LLC

$338,631

0.27%

29,549

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	29,312	$335,915	99.2%	Defined
SECURITY INVESTORS LLC	237	$2,716	0.8%	Defined

EVOLVE PRIVATE WEALTH, LLC

$276,885

0.22%

24,161

CSS LLC/IL

$239,582

0.19%

20,906

GAMCO INVESTORS, INC. ET AL

$208,572

0.17%

18,200

Karpus Management, Inc.

$198,109

0.16%

17,287

XTX Topco Ltd

$153,266

0.12%

13,374

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	13,374	$153,266	100.0%	Defined

MORGAN STANLEY

$67,212

0.05%

5,865

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	5,865	$67,212	100.0%	Defined

OSAIC HOLDINGS, INC.

$42,803

0.03%

3,735

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	3,735	$42,803	100.0%	Defined

PNC FINANCIAL SERVICES GROUP, INC.

$14,554

0.01%

1,270

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	1,270	$14,554	100.0%	Other

WELLS FARGO & COMPANY/MN

$11,471

0.01%

1,001

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1,001	$11,471	100.0%	Defined

UBS Group AG

$3,598

0.00%

314

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	314	$3,598	100.0%	Defined

Key facts CIK 858706 CUSIP 644465106 13F (30d) 2 filings 2 filers Visit website