SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Gramercy Funds Management LLC

CIK 0001548836 · 250 SOUTH AUSTRALIAN AVENUE, SUITE 1102, WEST PALM BEACH, FL, 33401 · 203-552-1900

Reported Value
$374M
Q1 2019
Positions
20
Filings on Record
30
2019–present window
Filed
May 15, 2019
original filing

Summary

Gramercy Funds Management LLC reported $374M in U.S.-listed holdings across 20 positions for Q1 2019.

Its largest position, P5Y, represents 6.9% of the portfolio.

Compared with Q4 2018, the fund opened 6 new positions and exited 5.

Portfolio Metrics

Turnover
+62.8%
vs prior filed quarter
Top-10 Concentration
+38.6%
share of reported value
Largest Position
+6.9%
Brf
New / Exited
6 / 5
positions this quarter

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

13F Reported Value
Q4 ’18: $525MQ4 ’18Q1 ’19: $374MQ2 ’19: $195MQ3 ’19: $148MQ4 ’19: $134MQ4 ’19Q1 ’20: $480MQ2 ’20: $702MQ3 ’20: $972MQ4 ’20: $427MQ4 ’20Q1 ’21: $395MQ2 ’21: $553MQ3 ’21: $289MQ4 ’21: $287MQ4 ’21Q1 ’22: $235MQ2 ’22: $188MQ3 ’22: $0Q4 ’22: $0Q4 ’22Q1 ’23: $0Q2 ’23: $0Q3 ’23: $592MQ2 ’24: $438MQ2 ’24Q4 ’24: $6MQ1 ’25: $6MQ2 ’25: $6MQ3 ’25: $4MQ3 ’25Q4 ’25: $6MQ1 ’26: $6Mfilingsflow.com

Portfolio Composition

By security type
ETP: 61.9%ADR: 18.9%Other: 17.5%Common Stock: 1.7%
  • ETP · 61.9% · $232M
  • ADR · 18.9% · $71M
  • Other · 17.5% · $65M
  • Common Stock · 1.7% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+2.00M2.00M+$173M$173M
SPDR S&P 500 ETF TRNEW+141.7K141.7K+$40M$40M
YPF SOCIEDAD ANONIMANEW+1.36M1.36M+$19M$19M
GGBGERDAU S ANEW+2.13M2.13M+$8M$8M
VALE S ANEW+629.7K629.7K+$8M$8M
COMPANIA CERVECERIAS UNIDASNEW+162.0K162.0K+$5M$5M
TECHNIPFMC PLCADDED+547.6K760.7K+$8M$12M
ISHARES TRSOLD OUT−2.00M0−$208M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1P5YBRF SAhistory →SPONSORED ADR6.87%$26M4.42M
2GEOPARK LTDUSD SHS5.55%$21M1.20M
3COSAN LTDSHS A5.36%$20M1.73M
4YPF SOCIEDAD ANONIMASPON ADR CL D5.08%$19M1.36M
5ISHARES TRMSCI EMG MKT ETF4.76%$18M415.0K
6TECHNIPFMC PLCCOM3.20%$12M760.7K
7GGBGERDAU S Ahistory →SPON ADR REP PFD2.21%$8M2.13M
8VALE S ASPONSORED ADS2.20%$8M629.7K
9TRANSOCEAN LTDREG SHS2.03%$8M782.7K
10ENSCO PLCSHS CLASS A1.34%$5M213.1K
11COMPANIA CERVECERIAS UNIDASSPONSORED ADR1.28%$5M162.0K
12SPDR S&P 500 ETF TRTR UNIT1.25%$5M16.6K
13TDWTIDEWATER INC NEWhistory →COM1.16%$4M186.6K
14BMABANCO MACRO SASPON ADR B0.73%$3M60.0K
15PAMPAMPA ENERGIA S ASPONS ADR LVL I0.54%$2M73.2K
16BHCBAUSCH HEALTH COS INCCOM0.25%$926,00037.5K
17GREKUSDGLOBAL X FDSMSCI GREECE ETF0.21%$804,000100.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$6M2May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$6M1Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$4M1Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$6M1Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$6M1May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$6M1Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024Under review1Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$438M2Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024Under review2May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023Under review1Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$592M3Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$01Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$01May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$01Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$01Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$188M1Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$235M3May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$287M2Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$289M2Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$553M4Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$395M13May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$427M15Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$972M15Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$702M18Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$480M17May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$134M15Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$148M15Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$195M17Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$374M20May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$525M19Feb 14, 201913F-HRchanges · 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 ↗.