SABA CAPITAL MANAGEMENT, L.P. purchased 7.8% of their position (244.49K shares) of NEW GERMANY FUND INC on the open market
Open‑market purchase worth $2.92M — a moderate purchase. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 5/28/2026ACC: 0001510281-26-000191
10% Owner
Since Feb 2026
+244.49K
Net shares
Net buyer
$2.92M
Total acquired
2
Open market trades
2B · 0S
2
Total transactions
244.49K acquired
Non-Derivative Transactions2
Common Stock
Indirect
Shares
+2.90K
Price / share
$11.82
Trade value
$34.28K
% of position
0.1%
5/26/2026
3.13M→3.13M
Common Stock
Indirect
Shares
+241.59K
Price / share
$11.93
Trade value
$2.88M
% of position
7.7%
5/27/2026
3.13M→3.38M
Total
Net shares
+244.49K
Net value
$2.92M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 5/26/2026 | P · Purchase | +2.90K | $11.82 | $34.28K | 0.1% | 3.13M | 3.13M |
| Common Stock Indirect | 5/27/2026 | P · Purchase | +241.59K | $11.93 | $2.88M | 7.7% | 3.13M | 3.38M |
| Total | +244.49K | $2.92M | ||||||
Derivative Transactions0
No derivative transactions reported