Turkish Invt Fd (TKF) Stake Owned by K2 PRINCIPAL FUND, L.P. Total Shares: 224,450
K2 PRINCIPAL FUND, L.P.
disclosed that they own a 5.2% stake in Turkish Invt Fd (NYSE:TKF) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission on Friday, November 3rd. The investor owns 224,450 shares of the stock worth approximately $2,087,385. The reporting parties listed on the disclosure included THE K2 Principal Fund, LP, K2 GenPar LP, K2 GENPAR 2009 Inc, Daniel Gosselin, Shawn Kimel Investments, Inc and K2 & ASSOCIATES INVESTMENT MANAGEMENT INC. The disclosure is available through the SEC website at this link.
Several other institutional investors and hedge funds have also recently bought and sold shares of TKF. Deschutes Portfolio Strategy LLC lifted its position in Turkish Invt Fd by 46.1% during the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 219,466 shares of the financial services provider’s stock worth $2,057,000 after buying an additional 69,266 shares in the last quarter. K2 Principal Fund L.P. lifted its position in Turkish Invt Fd by 71.2% during the 2nd quarter. K2 Principal Fund L.P. now owns 177,872 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 73,953 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in Turkish Invt Fd during the 2nd quarter worth about $632,000. 34.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Turkish Invt Fd (NYSE:TKF) traded down $0.21 during midday trading on Friday, reaching $9.30. 13,817 shares of the company traded hands, compared to its average volume of 10,803.
About Turkish Invt Fd
The Turkish Investment Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish corporations. The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds.
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