SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Gramercy Funds Management LLC

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

Reported Value
$480M
Q1 2020
Positions
17
Filings on Record
30
2019–present window
Filed
May 15, 2020
original filing

Summary

Gramercy Funds Management LLC reported $480M in U.S.-listed holdings across 17 positions for Q1 2020.

Its largest position, Vale S A, represents 2.6% of the portfolio.

Compared with Q4 2019, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+15.3%
vs prior filed quarter
Top-10 Concentration
+7.4%
share of reported value
Largest Position
+2.6%
Vale S A

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 92.1%ADR: 5.6%Other: 1.9%Common Stock: 0.4%
  • ETP · 92.1% · $442M
  • ADR · 5.6% · $27M
  • Other · 1.9% · $9M
  • Common Stock · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+1.80M1.80M+$174M$174M
ISHARES TRNEW+1.30M1.30M+$100M$100M
PBRPETROLEO BRASILEIRO SA PETRONEW+503.0K503.0K+$3M$3M
ISHARES TRADDED+3.77M4.92M+$116M$168M
YPF SOCIEDAD ANONIMAADDED+284.4K702.2K−$2M$3M
BHCBAUSCH HEALTH COS INCTRIMMED−52.2K37.5K−$2M$581,000
GGBGERDAU SATRIMMED−900.0K2.02M−$10M$4M
VALE S AADDED+156.3K1.50M−$5M$12M

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

Holdings — Q1 2020

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VALE S ASPONSORED ADS2.59%$12M1.50M
2GEOPARK LTDUSD SHS1.43%$7M972.6K
3GGBGERDAU SASPON ADR REP PFD0.80%$4M2.02M
4YPF SOCIEDAD ANONIMASPON ADR CL D0.61%$3M702.2K
5PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.58%$3M503.0K
6COMPANIA CERVECERIAS UNIDASSPONSORED ADR0.45%$2M162.0K
7TECHNIPFMC PLCCOM0.30%$1M213.1K
8TDWTIDEWATER INC NEWCOM0.28%$1M186.6K
9BMABANCO MACRO SASPON ADR B0.21%$1M60.0K
10TRANSPORTADORA DE GAS SURSPONSORED ADS B0.17%$838,000182.3K
11PAMPAMPA ENERGIA S ASPONS ADR LVL I0.17%$827,00073.2K
12TRANSOCEAN LTDREG SHS0.15%$704,000607.2K
13BHCBAUSCH HEALTH COS INCCOM0.12%$581,00037.5K
14VALARIS PLCSHS CLASS A0.02%$86,000190.2K

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 ↗.