NEW GERMANY FUND INC - Common Shares, $0.001 par value (GF) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Shares, $0.001 par value
Symbol
GF on NYSE
Shares outstanding
16,182,667
Price per share
$11.42
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
10,432,103
Total reported value
$119,153,103
% of total 13F portfolios
0%
Share change
+163,782
Value change
+$1,867,335
Number of holders
33
Price from insider filings
$11.42
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NEW GERMANY FUND INC - Common Shares, $0.001 par value (GF) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Saba Capital Management, L.P. 15% +12% $28,275,326 +$3,033,072 2,475,948 +12% Saba Capital Management, L.P. 17 Feb 2026
LAZARD ASSET MANAGEMENT LLC 14% +41% $24,008,844 +$6,882,328 2,297,497 +40% Lazard Asset Management LLC 31 Mar 2025
Allspring Global Investments Holdings, LLC 13% $21,634,112 2,070,250 Allspring Global Investments Holdings, LLC 31 Dec 2024
1607 Capital Partners, LLC 7.8% -12% $14,315,769 -$2,048,074 1,253,570 -13% 1607 Capital Partners, LLC 31 Dec 2025

As of 31 Dec 2025, 33 institutional investors reported holding 10,432,103 shares of NEW GERMANY FUND INC - Common Shares, $0.001 par value (GF). This represents 64% of the company’s total 16,182,667 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NEW GERMANY FUND INC - Common Shares, $0.001 par value (GF) together control 64% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
LAZARD ASSET MANAGEMENT LLC 14% 2,346,296 -0.14% 0.05% $26,794,700
Saba Capital Management, L.P. 14% 2,210,555 +13% 0.85% $25,244,538
Allspring Global Investments Holdings, LLC 13% 2,141,916 +0.36% 0.04% $24,460,681
1607 Capital Partners, LLC 7.7% 1,253,570 -6.4% 0.98% $14,315,769
Bulldog Investors, LLP 3.1% 501,257 +2% 1.3% $5,724,355
Karpus Management, Inc. 2.3% 368,998 +2.2% 0.13% $4,213,957
Uncommon Cents Investing LLC 2.3% 365,906 +0.64% 1% $4,178,647
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.6% 255,067 +0.87% 0.22% $2,912,865
GABELLI FUNDS LLC 1.6% 255,000 -0.39% 0.02% $2,912,100
SIT INVESTMENT ASSOCIATES INC 1% 163,442 0% 0.04% $1,867,000
Shaker Financial Services, LLC 0.75% 121,034 -9.3% 0.44% $1,397,919
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.62% 100,443 +20% 0.17% $1,147,059
ROYAL BANK OF CANADA 0.52% 83,414 -3.3% 0% $952,000
AQR Arbitrage LLC 0.25% 40,119 -23% 0.01% $458,159
Hudson Portfolio Management LLC 0.2% 32,690 0% 0.32% $373,320
Arnhold LLC 0.2% 32,643 0% 0.03% $372,783
CSS LLC/IL 0.19% 31,181 -9.4% 0.02% $356,087
GUGGENHEIM CAPITAL LLC 0.19% 30,391 -6.6% 0% $347,065
EVOLVE PRIVATE WEALTH, LLC 0.16% 26,272 0% 0.02% $303,417
QUANTIFY CHAOS ADVISORS, LLC 0.14% 22,645 0% 0.78% $258,602
GAMCO INVESTORS, INC. ET AL 0.11% 18,200 -21% 0% $207,844
Federation des caisses Desjardins du Quebec 0.06% 8,927 0% 0% $101,143
PNC Financial Services Group, Inc. 0.04% 6,642 0% 0% $75,852
MORGAN STANLEY 0.03% 5,482 +2.5% 0% $62,604
OSAIC HOLDINGS, INC. 0.02% 3,341 0% 0% $38,163

Institutional Holders of NEW GERMANY FUND INC - Common Shares, $0.001 par value (GF) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 10,432,103 $119,153,103 +$1,867,335 $11.42 33
2025 Q3 10,219,404 $118,136,247 +$824,302 $11.56 32
2025 Q2 10,147,671 $121,163,122 +$3,813,896 $11.94 33
2025 Q1 9,831,465 $96,446,639 +$3,825,203 $9.81 33
2024 Q4 9,535,099 $74,392,857 +$3,278,332 $7.80 38
2024 Q3 9,105,141 $81,288,953 +$2,518,224 $8.93 39
2024 Q2 8,790,059 $71,490,724 +$1,070,786 $8.14 35
2024 Q1 8,655,243 $75,380,913 -$3,591,650 $8.71 34
2023 Q4 9,106,726 $79,609,157 +$1,183,249 $8.74 34
2023 Q3 8,972,094 $73,301,415 +$804,104 $8.17 31
2023 Q2 8,869,745 $79,656,089 +$725,354 $8.98 33
2023 Q1 8,788,586 $79,866,216 -$1,356,434 $9.09 32
2022 Q4 8,927,247 $70,450,529 +$1,385,566 $7.89 31
2022 Q3 8,756,928 $60,919,000 +$169,740 $6.96 33
2022 Q2 8,729,013 $73,650,000 +$570,777 $8.44 32
2022 Q1 8,640,984 $98,803,000 +$3,222,377 $11.43 37
2021 Q4 8,337,378 $123,500,000 -$35,469,119 $14.81 37
2021 Q3 8,413,693 $166,143,000 -$411,788 $19.75 37
2021 Q2 8,434,389 $170,606,000 -$3,022,653 $20.23 35
2021 Q1 8,584,068 $169,636,783 -$1,599,902 $19.77 37
2020 Q4 8,617,966 $164,028,000 -$773,734 $19.03 36
2020 Q3 8,658,905 $146,104,000 +$487,610 $16.88 34
2020 Q2 9,330,157 $141,667,000 -$471,881 $15.18 39
2020 Q1 8,607,220 $99,928,000 +$1,142,785 $11.61 35
2019 Q4 8,471,232 $132,807,000 -$1,639,777 $15.68 38
2019 Q3 8,479,255 $117,529,000 +$213,076 $13.86 35
2019 Q2 8,463,769 $120,333,000 +$2,368,128 $14.22 34
2019 Q1 8,350,494 $117,011,000 +$2,770,383 $13.98 33
2018 Q4 8,120,305 $95,136,000 +$432,398 $11.70 30
2018 Q3 8,080,894 $147,083,000 -$1,072,641 $18.20 34
2018 Q2 8,135,824 $148,351,000 +$2,967,754 $18.24 33
2018 Q1 7,971,672 $155,708,544 +$1,142,942 $19.53 33
2017 Q4 7,899,352 $153,677,524 -$3,843,840 $19.44 35
2017 Q3 7,878,240 $146,338,500 +$443,887 $18.57 33
2017 Q2 7,862,180 $130,828,844 +$498,135 $16.63 34
2017 Q1 7,832,680 $115,683,884 +$2,581,821 $14.77 34
2016 Q4 7,682,805 $100,422,652 -$544,988 $13.07 44
2016 Q3 7,718,437 $110,760,855 +$2,052,831 $14.35 39
2016 Q2 7,578,153 $99,817,181 -$252,520 $13.27 39
2016 Q1 7,592,521 $106,979,508 +$1,040,233 $14.09 37
2015 Q4 7,506,368 $110,291,366 +$1,921,652 $14.70 38
2015 Q3 7,374,164 $106,280,104 +$1,759,941 $14.41 37
2015 Q2 7,162,050 $108,012,081 +$2,365,924 $15.08 34
2015 Q1 7,001,202 $108,517,106 -$2,153,418 $15.50 33
2014 Q4 7,144,680 $100,197,859 -$550,758 $14.03 36
2014 Q3 7,185,525 $119,990,326 -$5,249,200 $16.70 34
2014 Q2 7,519,550 $140,328,846 -$5,356,125 $18.67 39
2014 Q1 7,649,197 $148,686,047 -$4,149,543 $19.46 37