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New Germany Fund Inc

GF
Exchange
NYSE
SEC CIK
0000858706

In the last 90 days, New Germany Fund Inc insiders filed 18 open-market purchases and 2 sales; 27 institutions reported holding it in 13F filings for Q2 2026, worth $124.4M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in New Germany Fund Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
33
+1 vs. Q3 2025
Shares held
10.4M
+212.7K (+2.1%) vs. Q3 2025
Total value
$119.2M
+$1.02M (+0.9%) vs. Q3 2025
New holders
2
9 more added
Sold out
1
13 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting GF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 33 institutions
Q1 2021: 37 institutionsQ2 2021: 37 institutionsQ3 2021: 37 institutionsQ4 2021: 38 institutionsQ1 2022: 37 institutionsQ2 2022: 33 institutionsQ3 2022: 33 institutionsQ4 2022: 31 institutionsQ1 2023: 32 institutionsQ2 2023: 33 institutionsQ3 2023: 31 institutionsQ4 2023: 34 institutionsQ1 2024: 34 institutionsQ2 2024: 35 institutionsQ3 2024: 39 institutionsQ4 2024: 38 institutionsQ1 2025: 33 institutionsQ2 2025: 33 institutionsQ3 2025: 32 institutionsQ4 2025: 33 institutionsQ1 2026: 29 institutionsQ2 2026: 27 institutions
Value heldQ4 2025: $119.2M
Q1 2021: $169.6MQ2 2021: $170.6MQ3 2021: $166.1MQ4 2021: $123.9MQ1 2022: $98.8MQ2 2022: $73.7MQ3 2022: $60.9MQ4 2022: $70.5MQ1 2023: $79.9MQ2 2023: $79.7MQ3 2023: $73.3MQ4 2023: $79.6MQ1 2024: $75.4MQ2 2024: $71.5MQ3 2024: $81.3MQ4 2024: $74.4MQ1 2025: $96.4MQ2 2025: $121.2MQ3 2025: $118.1MQ4 2025: $119.2MQ1 2026: $107.7MQ2 2026: $124.4M
Institutions holding GF and their total value by quarter
QuarterHoldersValue
Q2 202627$124.4M
Q1 202629$107.7M
Q4 202533$119.2M
Q3 202532$118.1M
Q2 202533$121.2M
Q1 202533$96.4M
Q4 202438$74.4M
Q3 202439$81.3M
Q2 202435$71.5M
Q1 202434$75.4M
Q4 202334$79.6M
Q3 202331$73.3M
Q2 202333$79.7M
Q1 202332$79.9M
Q4 202231$70.5M
Q3 202233$60.9M
Q2 202233$73.7M
Q1 202237$98.8M
Q4 202138$123.9M
Q3 202137$166.1M
Q2 202137$170.6M
Q1 202137$169.6M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding New Germany Fund Inc; share changes are against Q3 2025.

Institutions holding GF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Lazard Asset Management LLC2,346,296$26.8M0.05%−3,314−0.1%Reduced
Saba Capital Management, L.P.2,210,555$25.2M0.85%+256,443+13.1%Added
Allspring Global Investments Holdings, LLC2,141,916$24.5M0.04%+7,587+0.4%Added
1607 Capital Partners, LLC1,253,570$14.3M0.98%−85,092−6.4%Reduced
Bulldog Investors, LLP501,257$5.72M1.27%+9,778+2.0%Added
Karpus Management, Inc.368,998$4.21M0.13%+7,943+2.2%Added
Uncommon Cents Investing LLC365,906$4.18M1.01%+2,309+0.6%Added
City of London Investment Management Co Ltd255,067$2.91M0.22%+2,200+0.9%Added
Gabelli Funds LLC255,000$2.91M0.02%−1,000−0.4%Reduced
Sit Investment Associates Inc163,442$1.87M0.04%00.0%Unchanged
Shaker Financial Services, LLC121,034$1.40M0.44%−12,366−9.3%Reduced
Blue Bell Private Wealth Management, LLC100,443$1.15M0.17%+16,779+20.1%Added
Royal Bank of Canada83,414$952.0K0.00%−2,840−3.3%Reduced
CNH Partners LLC40,119$458.2K0.01%−11,800−22.7%Reduced
Hudson Portfolio Management LLC32,690$373.3K0.32%00.0%Unchanged
Arnhold LLC32,643$372.8K0.03%00.0%Unchanged
CSS LLC31,181$356.1K0.02%−3,248−9.4%Reduced
Guggenheim Capital LLC30,391$347.1K0.00%−2,138−6.6%Reduced
Evolve Private Wealth, LLC26,272$303.4K0.02%+26,272New
Quantify Chaos Advisors, LLC22,645$258.6K0.78%+22,645New
Gamco Investors, Inc. Et Al18,200$207.8K0.00%−4,712−20.6%Reduced
Federation des caisses Desjardins du Quebec8,927$101.1K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.6,642$75.9K0.00%00.0%Unchanged
Morgan Stanley5,483$62.6K0.00%+133+2.5%Added
Advisor Group Holdings, Inc.3,341$38.2K0.00%00.0%Unchanged
Bank of America Corp1,762$20.1K0.00%−5−0.3%Reduced
Wells Fargo & Company1,000$11.4K0.00%−200−16.7%Reduced
US Bancorp983$11.2K0.00%00.0%Unchanged
UBS Group AG852$9.73K0.00%+348+69.0%Added
Thomas J. Herzfeld Advisors, Inc.689$7.87K0.00%−560−44.8%Reduced
CWM, LLC589$7.00K0.00%00.0%Unchanged
Coastline Trust Co547$6.25K0.00%00.0%Unchanged
CoreCap Advisors, LLC250$2.85K0.00%−2,000−88.9%Reduced
Acorn Financial Advisory Services Inc0$00.00%−10,462−100.0%Sold out