NEW GERMANY FD INC

CUSIP: 644465106 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
LAZARD ASSET MANAGEMENT LLC2,346,296$26,795
Saba Capital Management, L.P.2,210,555$25,245
Allspring Global Investments Holdings, LLC2,141,916$24,461
1607 Capital Partners, LLC1,253,570$14,316
Bulldog Investors, LLP501,257$5,724
Karpus Management, Inc.368,998$4,214
Uncommon Cents Investing LLC365,906$4,179
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD255,067$2,913
GABELLI FUNDS LLC255,000$2,912
SIT INVESTMENT ASSOCIATES INC163,442$2
Shaker Financial Services, LLC121,034$1,398
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC100,443$1,147
ROYAL BANK OF CANADA83,414$952
AQR Arbitrage LLC40,119$458
Hudson Portfolio Management LLC32,690$373
Arnhold LLC32,643$373
CSS LLC/IL31,181$356
GUGGENHEIM CAPITAL LLC30,391$347
EVOLVE PRIVATE WEALTH, LLC26,272$303
QUANTIFY CHAOS ADVISORS, LLC22,645$259
GAMCO INVESTORS, INC. ET AL18,200$208
Federation des caisses Desjardins du Quebec8,927$101
PNC Financial Services Group, Inc.6,642$76
MORGAN STANLEY5,483$63
OSAIC HOLDINGS, INC.3,341$38
BANK OF AMERICA CORP /DE/1,762$20
WELLS FARGO & COMPANY/MN1,000$11
US BANCORP \DE\983$11
UBS Group AG852$10
Thomas J. Herzfeld Advisors, Inc.689$8
CWM, LLC589$0
Coastline Trust Co547$6
CoreCap Advisors, LLC250$3
Total (33 institutions)10,432,104$117,281