SEC 13F Intelligence

Managers / Q3 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
$148M
Q3 2019
Positions
15
Filings on Record
30
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Gramercy Funds Management LLC reported $148M in U.S.-listed holdings across 15 positions for Q3 2019.

Its largest position, Geopark, represents 15.0% of the portfolio.

Compared with Q2 2019, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+46.0%
share of reported value
Largest Position
+15.0%
Geopark
New / Exited
1 / 3
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: 51.2%ADR: 24.7%Other: 20.9%Common Stock: 3.2%
  • ETP · 51.2% · $76M
  • ADR · 24.7% · $36M
  • Other · 20.9% · $31M
  • Common Stock · 3.2% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VALARIS PLCNEW+190.2K190.2K+$915,000$915,000
COSAN LTDSOLD OUT−1.42M0−$19M$0
P5YBRF SASOLD OUT−1.40M0−$11M$0
GREKUSDGLOBAL X FDSSOLD OUT−100.0K0−$956,000$0
VALE S AADDED+380.0K1.34M+$3M$15M
YPF SOCIEDAD ANONIMATRIMMED−52.3K417.8K−$5M$4M
ISHARES TRHELD+01.85M−$4M$76M
BMABANCO MACRO SAHELD+060.0K−$3M$2M

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

Holdings — Q3 2019

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEOPARK LTDUSD SHS14.98%$22M1.20M
2VALE S ASPONSORED ADS10.44%$15M1.34M
3GGBGERDAU S Ahistory →SPON ADR REP PFD6.23%$9M2.92M
4TECHNIPFMC PLCCOM3.48%$5M213.1K
5YPF SOCIEDAD ANONIMASPON ADR CL D2.62%$4M417.8K
6COMPANIA CERVECERIAS UNIDASSPONSORED ADR2.43%$4M162.0K
7TDWTIDEWATER INC NEWhistory →COM1.91%$3M186.6K
8TRANSOCEAN LTDREG SHS1.84%$3M607.2K
9BMABANCO MACRO SAhistory →SPON ADR B1.06%$2M60.0K
10TRANSPORTADORA DE GAS SURSPONSORED ADS B1.01%$1M175.5K
11PAMPAMPA ENERGIA S ASPONS ADR LVL I0.86%$1M73.2K
12VALARIS PLCSHS CLASS A0.62%$915,000190.2K
13BHCBAUSCH HEALTH COS INCCOM0.55%$819,00037.5K

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 ↗.