Managers / Q4 2018 · view latest →
Gramercy Funds Management LLC
CIK 0001548836 · 250 SOUTH AUSTRALIAN AVENUE, SUITE 1102, WEST PALM BEACH, FL, 33401 · 203-552-1900
Summary
Gramercy Funds Management LLC reported $525M in U.S.-listed holdings across 19 positions for Q4 2018.
Its largest position, Cosan, represents 4.8% of the portfolio.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 82.7% · $434M
- Other · 8.7% · $46M
- ADR · 7.6% · $40M
- Common Stock · 1.0% · $5M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +2.00M | 2.00M | +$208M | $208M |
| ISHARES TR | NEW | +4.00M | 4.00M | +$156M | $156M |
| ISHARES TR | NEW | +1.51M | 1.51M | +$59M | $59M |
| COSAN LTD | NEW | +2.83M | 2.83M | +$25M | $25M |
| P5YBRF SA | NEW | +3.97M | 3.97M | +$23M | $23M |
| ISHARES INC | NEW | +253.8K | 253.8K | +$10M | $10M |
| GEOPARK LTD | NEW | +693.6K | 693.6K | +$10M | $10M |
| CEMEX SAB DE CV | NEW | +1.99M | 1.99M | +$10M | $10M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2018
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | COSAN LTD | SHS A | 4.75% | $25M | 2.83M |
| 2 | P5YBRF SAhistory → | SPONSORED ADR | 4.30% | $23M | 3.97M |
| 3 | ISHARES TR | MSCI EMG MKT ETF | 3.83% | $20M | 514.1K |
| 4 | ISHARES INC | MSCI MEXICO ETF | 1.99% | $10M | 253.8K |
| 5 | GEOPARK LTD | USD SHS | 1.83% | $10M | 693.6K |
| 6 | CEMEX SAB DE CV | SPON ADR NEW | 1.82% | $10M | 1.99M |
| 7 | TRANSOCEAN LTD | REG SHS | 0.80% | $4M | 607.2K |
| 8 | TECHNIPFMC PLC | COM | 0.79% | $4M | 213.1K |
| 9 | TDWTIDEWATER INC NEW | COM | 0.68% | $4M | 186.6K |
| 10 | ENSCO PLC | SHS CLASS A | 0.52% | $3M | 760.7K |
| 11 | BMABANCO MACRO SA | SPON ADR B | 0.51% | $3M | 60.0K |
| 12 | TRANSPORTADORA DE GAS SUR | SPON ADR B | 0.50% | $3M | 175.5K |
| 13 | PAMPAMPA ENERGIA S A | SPONS ADR LVL I | 0.44% | $2M | 73.2K |
| 14 | BHCBAUSCH HEALTH COS INC | COM | 0.13% | $693,000 | 37.5K |
| 15 | GREKUSDGLOBAL X FDS | MSCI GREECE ETF | 0.13% | $690,000 | 100.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $6M | 2 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $6M | 1 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $4M | 1 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $6M | 1 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $6M | 1 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $6M | 1 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | Under review | 1 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $438M | 2 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | Under review | 2 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | Under review | 1 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $592M | 3 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $0 | 1 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $0 | 1 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $0 | 1 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $0 | 1 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $188M | 1 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $235M | 3 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $287M | 2 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $289M | 2 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $553M | 4 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $395M | 13 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $427M | 15 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $972M | 15 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $702M | 18 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $480M | 17 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $134M | 15 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $148M | 15 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $195M | 17 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $374M | 20 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $525M | 19 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.