SEC 13F Intelligence

Managers / Q4 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
$134M
Q4 2019
Positions
15
Filings on Record
30
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Gramercy Funds Management LLC reported $134M in U.S.-listed holdings across 15 positions for Q4 2019.

Its largest position, Geopark, represents 15.8% of the portfolio.

The book was largely unchanged from Q3 2019.

Portfolio Metrics

Turnover
+8.7%
vs prior filed quarter
Top-10 Concentration
+57.5%
share of reported value
Largest Position
+15.8%
Geopark

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: 38.6%ADR: 33.4%Other: 23.3%Common Stock: 4.7%
  • ETP · 38.6% · $52M
  • ADR · 33.4% · $45M
  • Other · 23.3% · $31M
  • Common Stock · 4.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRTRIMMED−700.0K1.15M−$24M$52M
GEOPARK LTDTRIMMED−246.8K955.4K−$1M$21M
TRANSPORTADORA DE GAS SURHELD+6.8K182.3K−$183,000$1M
GGBGERDAU S AHELD+02.92M+$5M$14M
VALE S AHELD+01.34M+$2M$18M
TRANSOCEAN LTDHELD+0607.2K+$1M$4M
YPF SOCIEDAD ANONIMAHELD+0417.8K+$973,000$5M
TDWTIDEWATER INC NEWHELD+0186.6K+$778,000$4M

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

Holdings — Q4 2019

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEOPARK LTDUSD SHS15.80%$21M955.4K
2VALE S ASPONSORED ADS13.25%$18M1.34M
3GGBGERDAU S Ahistory →SPON ADR REP PFD10.72%$14M2.92M
4YPF SOCIEDAD ANONIMASPON ADR CL D3.62%$5M417.8K
5TECHNIPFMC PLCCOM3.42%$5M213.1K
6TRANSOCEAN LTDREG SHS3.13%$4M607.2K
7TDWTIDEWATER INC NEWhistory →COM2.69%$4M186.6K
8COMPANIA CERVECERIAS UNIDASSPONSORED ADR2.30%$3M162.0K
9BMABANCO MACRO SAhistory →SPON ADR B1.63%$2M60.0K
10TRANSPORTADORA DE GAS SURSPONSORED ADS B0.98%$1M182.3K
11VALARIS PLCSHS CLASS A0.93%$1M190.2K
12PAMPAMPA ENERGIA S ASPONS ADR LVL I0.90%$1M73.2K
13BHCBAUSCH HEALTH COS INCCOM0.84%$1M37.5K

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 ↗.