SEC 13F Intelligence

Managers / Q2 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
$702M
Q2 2020
Positions
18
Filings on Record
30
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Gramercy Funds Management LLC reported $702M in U.S.-listed holdings across 18 positions for Q2 2020.

Its largest position, Vale S A, represents 2.2% of the portfolio.

Compared with Q1 2020, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.1%
vs prior filed quarter
Top-10 Concentration
+6.6%
share of reported value
Largest Position
+2.2%
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. 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: 93.1%ADR: 5.0%Other: 1.7%Common Stock: 0.2%
  • ETP · 93.1% · $654M
  • ADR · 5.0% · $35M
  • Other · 1.7% · $12M
  • Common Stock · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P 500 ETF TRNEW+500.0K500.0K+$154M$154M
ISHARES TRADDED+201.0K1.50M+$22M$122M
ISHARES TRTRIMMED−150.0K1.65M+$6M$180M
ISHARES TRHELD+04.92M+$29M$197M
VALE S AHELD+01.50M+$3M$15M
GEOPARK LTDHELD+0972.6K+$3M$10M
GGBGERDAU SAHELD+02.02M+$2M$6M
PBRPETROLEO BRASILEIRO SA PETROHELD+0503.0K+$1M$4M

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

Holdings — Q2 2020

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VALE S ASPONSORED ADS2.20%$15M1.50M
2GEOPARK LTDUSD SHS1.36%$10M972.6K
3GGBGERDAU SASPON ADR REP PFD0.85%$6M2.02M
4PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.59%$4M503.0K
5YPF SOCIEDAD ANONIMASPON ADR CL D0.57%$4M702.2K
6COMPANIA CERVECERIAS UNIDASSPONSORED ADR0.33%$2M162.0K
7TECHNIPFMC PLCCOM0.21%$1M213.1K
8BMABANCO MACRO SASPON ADR B0.16%$1M60.0K
9TRANSOCEAN LTDREG SHS0.16%$1M607.2K
10TDWTIDEWATER INC NEWCOM0.15%$1M186.6K
11TRANSPORTADORA DE GAS SURSPONSORED ADS B0.15%$1M182.3K
12PAMPAMPA ENERGIA S ASPONS ADR LVL I0.11%$768,00073.2K
13BHCBAUSCH HEALTH COS INCCOM0.10%$686,00037.5K
14VALARIS PLCSHS CLASS A0.02%$124,000190.2K

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 ↗.