The New Germany Fund (GF) 10% Owner L.P. Buys $6K of Stock

Saba Capital Management, L.P. bought 585 shares of The New Germany Fund, Inc. (GF) on October 9, 2026, for $10.28 each, totaling $6,013.80. This purchase adds to Saba's existing stake in the fund, reflecting its ongoing investment strategy.

Inside Saba Capital Management's Trade

Saba Capital Management, a 10% owner of The New Germany Fund, has increased its holdings by 585 shares. This brings its total to about 3.6 million shares, valued at approximately $37.2 million based on prior filings. The recent transaction shows Saba's continued confidence in the fund's performance.

Other Institutional Activity in The New Germany Fund

Other institutional investors have also been active in The New Germany Fund. For instance, Saba Capital Management itself increased its holdings by 1,007,688 shares as of June 30, 2026. Lazard Asset Management LLC added 62,611 shares, raising its stake to about 2.4 million shares valued at roughly $24.8 million. Meanwhile, Allspring Global Investments reduced its holdings by 321,742 shares, totaling about 1.7 million shares worth around $17.5 million. 1607 Capital Partners also trimmed its stake by 254,968 shares, bringing its total to around 811,397 shares valued at about $8.4 million.

The New Germany Fund, Inc. Stock Down 0.3%

As of October 16, 2026, The New Germany Fund recently traded around $10.22. This price is near the levels Saba paid for its recent purchase. The fund's stock performance is noteworthy, especially considering its historical trading range.

Recent Earnings

The New Germany Fund reported trailing twelve-month revenue of approximately $3.53 million. However, it has faced challenges, with a negative net margin of 214.4% and a return on equity (ROE) of -3.6%. The next earnings report is scheduled for November 15, 2026.

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

Earlier this year, several insiders have made purchases. On September 17, 2026, Saba Capital Management bought 1,258 shares at $11.10 each, totaling about $13,963.80. The following day, it acquired 14,185 shares for approximately $153,481.70. Additionally, on June 29, 2026, insiders Leoni Wolfgang Helmut and Fiona Flannery bought 17 and 12 shares, respectively, each at $11.48.

About The New Germany Fund

The New Germany Fund, Inc. is a closed-end equity mutual fund that primarily invests in small and mid-cap companies in Germany. Managed by Deutsche Asset Management International GmbH, the fund aims to offer investors exposure to the German equity markets through a diversified portfolio.

Bottom Line

Investors should keep an eye on Saba Capital's ongoing activities in The New Germany Fund, especially with the next earnings report approaching on November 15, 2026. This recent purchase by Saba is part of a larger trend of insider buying, indicating confidence in the fund's prospects.