The New Germany Fund (GF) 10% Owner L.P. Buys $155K of Stock

By TradeTexts Research Desk Oct 20, 2026, 2:00 PM EDT

The New Germany Fund, Inc. (GF) business photo

Key Points

Ten-percent owner Saba Capital Management, L.P. bought 15,042 shares of The New Germany Fund, Inc. on October 16, 2026, for a reported value of $155,083.02.
After the trade, Saba Capital Management, L.P. indirectly holds 3,791,041 $GF shares, up 0.40% from before the trade.
The fund reported trailing twelve-month revenue of $3.5 million alongside a net margin of -214.4% and an earnings per share of -$0.47.
Other large shareholders include Lazard Asset Management LLC and Allspring Global Investments Holdings, LLC, with additional transactions recorded from earlier in October.

Since the trade, $GF is down 0.1% to date (from the $10.33 close on Oct 16, 2026).

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Ten-percent owner Saba Capital Management, L.P. bought 15,042 shares of The New Germany Fund, Inc. NYSE: GF on October 16, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the shares were acquired at a price of $10.31, bringing the total reported value of the purchase to $155,083.02.

GF The New Germany Fund, Inc.

$10.32 -8.91% year to date

Daily close · Oct 19, 2026

Inside Saba Capital Management, L.P.'s The New Germany Fund, Inc. Trade

The purchase expanded the firm's holding to 3,791,041 shares. This move follows several earlier purchases by the same 10% owner during October, including a trade for 16,577 shares on October 15, 2026. The stock closed at $10.33 on the day of the transaction.

Other Institutional Activity in The New Germany Fund, Inc.

Other major investors adjusted their positions earlier in the year. Saba Capital Management, L.P. grew its holdings by 1,007,688 shares, ending with 3,602,815 shares worth about $37,253,107.0. Lazard Asset Management LLC grew its holdings by 62,611 shares, ending with 2,398,831 shares worth about $24,803,912.0. Allspring Global Investments Holdings, LLC reduced its holdings by 321,742 shares, ending with 1,697,984 shares worth about $17,557,154.0. 1607 Capital Partners, LLC reduced its holdings by 254,968 shares, ending with 811,397 shares worth about $8,389,845.0. Bulldog Investors, LLP held steady with 532,074 shares worth about $5,501,645.0.

The New Germany Fund, Inc. Stock Holds Steady

The shares recently traded around $10.32 as of October 20, 2026. That puts the stock roughly equal to its event-day close and slightly above its 52-week low of $9.98.

Recent Earnings

The fund reported trailing twelve-month revenue of $3,531,265.0 with an earnings per share of -$0.47. It posted a net profit margin of -214.4% and a return on equity of -3.6%.

Dividend

The fund pays an annual dividend rate of $0.28 per share, which translates to a dividend yield of 2.75% and a payout ratio of 4.3%.

Insider Buying and Selling at The New Germany Fund, Inc.

Earlier in the month, Saba Capital Management, L.P. completed several other transactions. On October 6, 2026, the firm bought 5,497 shares at a price of $10.47 for a value of $57,554.0. On October 12, 2026, it bought 3,685 shares for a value of $38,006.0. On October 15, 2026, it bought 16,577 shares at a price of $10.30 for a value of $170,743.1. Another identical entry for 16,577 shares at $10.30 was recorded on October 15, 2026.

About The New Germany Fund, Inc.

The New Germany Fund, Inc. is a closed-end equity mutual fund that invests primarily in small and mid-cap publicly traded companies in Germany across a diversified mix of sectors.

Bottom Line

Investors will continue to watch filings from large institutional holders to track shifts in ownership. No direct investment advice is implied by these transactions.