13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2011 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gramercy Investment Advisors LLC Address: 20 Dayton Avenue Greenwich, CT 06830 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Tony Tessitore Title: Senior Vice President Phone: (203) 552-1908 Signature, Place, and Date of Signing: /s/ Tony Tessitore Greenwich, CT 8/9/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 69 Form 13F Information Table Value Total: $ 282,011 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- Aberdeen ~~Asia-Pacific~~Emerging ~~Income~~Markets ~~Fund Inc~~ Common Stock ~~003009107~~00301T102 31137 ~~500~~60500 SH SOLE ~~2,627,975~~60500 0 0 Telecommunications and Infrastructure Fund Inc Aberdeen Israel Fund Inc Common Stock 00301L109 ~~1,819~~2045 ~~103,492~~118315 SH SOLE ~~63,848~~118315 0 0 Aberdeen Latin America Equity Fund Inc Common Stock 00306K106 ~~220~~279 ~~5,650~~7209 SH SOLE ~~916,689~~7209 0 0 ~~Inc~~ Adams Express Co Common Stock 006212104 ~~29,880~~29793 ~~2,627,975~~2674375 SH SOLE ~~494,618~~2674375 0 0 ~~Asia~~Alpine ~~Pacific~~Global ~~Fund~~Premier ~~Inc/The~~Properties Fund Common Stock ~~044901106~~02083A103 ~~755~~1905 ~~63,848~~264882 SH SOLE ~~103,125~~264882 0 0 ~~Bancroft~~Asia Pacific Fund ~~Ltd~~Inc/The Common Stock ~~059695106~~044901106 ~~1,806~~654 ~~103,125~~53948 SH SOLE ~~741,757~~53948 0 0 ~~Boulder~~Bancroft ~~Growth & Income~~ Fund ~~Inc~~Ltd Common Stock ~~101507101~~059695106 ~~4,888~~2245 ~~741,757~~129480 SH SOLE ~~377,615~~129480 0 0 ~~Boulder~~BlackRock ~~Total~~Strategic ~~Return~~Equity ~~Fund~~Dividend ~~Inc~~ Common Stock ~~101541100~~09249Y107 ~~6,329~~32 ~~377,615~~3000 SH SOLE ~~43,405~~3000 0 0 ~~Calamos~~Trust ~~Strategic~~Boulder ~~Total~~Growth ~~Return~~& Income Fund Inc Common Stock ~~128125101~~101507101 ~~15,267~~4807 ~~1,569,037~~741757 SH SOLE ~~9,000~~741757 0 0 ~~Central~~Boulder ~~Europe~~Total ~~and~~Return ~~Russia~~ Fund Inc Common Stock ~~153436100~~101541100 ~~145~~6209 ~~3,200~~377615 SH SOLE ~~3,200~~377615 0 0 ~~Inc/The~~Calamos ~~Central~~Strategic ~~Securities~~Total ~~Corp~~Return Fund Common Stock ~~155123102~~128125101 ~~15,997~~16211 ~~682,762~~1693898 SH SOLE ~~682,762~~1693898 0 0 ~~China~~Central Europe and Russia Fund Inc/The Common Stock ~~169373107~~153436100 ~~343~~230 ~~10,900~~5300 SH SOLE ~~10,900~~5300 0 0 ~~Claymore~~Central ~~Dividend~~Securities &Corp ~~Income Fund~~ Common Stock ~~18385J105~~155123102 ~~623~~16290 ~~37,283~~682162 SH SOLE ~~1,569,037~~682162 0 0 Clough Global Allocation Fund Common Stock 18913Y103 ~~3,961~~3756 ~~243,874~~243874 SH SOLE ~~59,408~~243874 0 0 Clough Global Equity Fund Common Stock 18914C100 ~~1,561~~1503 ~~101,541~~101541 SH SOLE ~~37,283~~101541 0 0 Clough Global Opportunities Fund Common Stock 18914E106 ~~7,161~~6198 ~~517,060~~460855 SH SOLE ~~10,617~~460855 0 0 ~~Cohen & Steers Infrastructure Fund Common Stock 19248A109 32 1,800 SH SOLE 134,234 0 0 Inc~~ DCA Total Return Fund Common Stock 233066109 ~~223~~243 ~~59,408~~63820 SH SOLE ~~70,495~~63820 0 0 Denali Fund/The Common Stock 24823A102 ~~1,135~~1066 ~~70,495~~67095 SH SOLE ~~210,688~~67095 0 0 Diamond Hill Financial Trends Fund Inc Common Stock 25264C101 105 ~~10,617~~10617 SH SOLE ~~290,129~~10617 0 0 ~~Inc~~ DWS High Income Opportunities Fund Inc Common Stock 23339M204 ~~1,967~~1954 ~~134,234~~134234 SH SOLE ~~500~~134234 0 0 Eagle Capital Growth Fund Inc Common Stock 269451100 10 1400 SH SOLE 1400 0 0 Ellsworth Fund Ltd Common Stock 289074106 ~~1,597~~2484 ~~210,688~~329399 SH SOLE ~~8,672~~329399 0 0 European Equity Fund Inc/The Common Stock 298768102 ~~2,350~~2408 ~~290,129~~290129 SH SOLE ~~476,217~~290129 0 0 ~~First~~Gabelli ~~Trust~~Dividend ~~Enhanced~~& ~~Equity~~ Income Trust Common Stock ~~337318109~~36242H104 ~~108~~25124 ~~8,672~~1512569 SH SOLE ~~10,400~~1512569 0 0 ~~Fund~~ Gabelli ~~Dividend~~Global &Multimedia ~~Income~~ Trust Inc Common Stock ~~36242H104~~36239Q109 ~~25,154~~2094 ~~1,512,569~~262720 SH SOLE ~~381,623~~262720 0 0 Gabelli ~~Global~~Healthcare ~~Multimedia~~& WellnessRx Common Stock 36246K103 1410 182466 SH SOLE 182466 0 0 Trust/The ~~Inc~~GDL Fund/The Common Stock ~~36239Q109~~361570104 ~~2,107~~2147 ~~269,761~~160133 SH SOLE ~~223,942~~160133 0 0 General American Investors Co Inc Common Stock 368802104 ~~10,815~~10728 ~~381,623~~382323 SH SOLE ~~1,512,569~~382323 0 0 Greater China Fund Inc/The Common Stock 39167B102 ~~2,831~~2944 ~~223,942~~231793 SH SOLE ~~483,725~~231793 0 0 Guggenheim Enhanced Equitystrategy Fund Common Stock 40167K100 626 36170 SH SOLE 36170 0 0 H&Q Healthcare Investors Common Stock 404052102 ~~5,209~~5802 ~~363,743~~363743 SH SOLE ~~269,761~~363743 0 0 H&Q Life Sciences Investors Common Stock 404053100 ~~6,020~~2329 ~~500,869~~186898 SH SOLE ~~517,060~~186898 0 0 Ibero-America Fund Inc/The Common Stock 45082X103 ~~1,601~~1738 ~~228,746~~228746 SH SOLE ~~101,541~~228746 0 0 JFIndia ~~China Region~~ Fund Inc/The Common Stock ~~46614T107~~454089103 5530 ~~3,573~~1000 SH SOLE ~~243,874~~1000 0 0 ~~John~~iShares ~~Hancock~~MSCI ~~Bank~~Brazil ~~and~~Index ~~Thrift~~Fund Common Stock ~~409735206~~464286400 ~~752~~161 ~~43,405~~2200 SH SOLE ~~363,743~~2200 0 0 ~~Opportunity~~iShares ~~Fund~~MSCI ~~Korea~~Emerging ~~Equity~~Markets Index Fund ~~Inc~~ Common Stock ~~50063B104~~464287234 ~~4,200~~619 ~~308,595~~13000 SH SOLE ~~500,869~~13000 0 0 ~~Korea~~iShares ~~Fund~~MSCI ~~Inc/The~~Japan Index Fund Common Stock ~~500634209~~464286848 ~~697~~1460 ~~14,421~~140000 SH SOLE ~~3,300~~140000 0 0 ~~Latin~~iShares ~~American~~MSCI ~~Discovery~~South ~~Fund~~Africa ~~Inc~~Index Fund Common Stock ~~51828C106~~464286780 46199 ~~2,400~~2800 SH SOLE ~~41,148~~2800 0 0 ~~Lazard~~JF ~~Global~~China ~~Total~~Region ~~Return~~Fund ~~and~~Inc Common Stock ~~52106W103~~46614T107 2061 ~~1,300~~4003 SH SOLE ~~103,492~~4003 0 0 ~~Income~~Korea Equity Fund Inc ~~Liberty~~Common ~~All~~Stock ~~Star~~50063B104 ~~Equity~~4964 343260 SH SOLE 343260 0 0 Korea Fund Inc/The Common Stock ~~530158104~~500634209 ~~15,863~~632 ~~3,015,697~~12821 SH SOLE ~~3,573~~12821 0 0 ~~Liberty~~Latin ~~All~~American ~~Star~~Discovery ~~Growth~~ Fund Inc Common Stock ~~529900102~~51828C106 ~~2,280~~40 ~~494,618~~2200 SH SOLE ~~308,595~~2200 0 0 ~~Macquarie~~Liberty ~~Global~~All ~~Infrastructure~~Star Equity Fund Common Stock ~~55608D101~~530158104 ~~9,600~~13404 ~~526,879~~2592653 SH SOLE ~~14,421~~2592653 0 0 ~~Total~~Liberty ~~Return~~All Star Growth Fund Inc ~~Macquarie/First Trust Global~~ Common Stock ~~55607W100~~529900102 512196 ~~3,190~~494618 SH SOLE ~~5,650~~494618 0 0 Macquarie Global Infrastructure~~/Utilities~~ ~~Dividend~~Total &Common ~~Income~~Stock 55608D101 9800 527745 SH SOLE 527745 0 0 Return Fund Inc Malaysia Fund Inc Common Stock 560905101 ~~273~~216 ~~23,800~~19169 SH SOLE ~~2,400~~19169 0 0 Mexico Equity and Income Fund Inc Common Stock 592834105 ~~1,533~~1566 ~~132,349~~134099 SH SOLE ~~1,300~~134099 0 0 Morgan Stanley Asia Pacific Fund Inc Common Stock 61744U106 ~~15,620~~9095 ~~916,689~~534346 SH SOLE ~~23,800~~534346 0 0 Morgan Stanley China A Share Fund Inc Common Stock 617468103 ~~259~~276 ~~9,000~~10100 SH SOLE ~~3,190~~10100 0 0 Morgan Stanley Eastern Europe Fund Inc Common Stock 616988101 ~~110~~77 ~~5,660~~4160 SH SOLE ~~526,879~~4160 0 0 ~~Inc~~ Morgan Stanley ~~Emerging~~India ~~Markets~~Investment Fund Inc Common Stock ~~61744G107~~61745C105 ~~295~~92 ~~18,488~~4200 SH SOLE ~~18,488~~4200 0 0 Neuberger Berman Real Estate Securities Common Stock 64190A103 129 30029 SH SOLE 30029 0 0 Income Fund Inc New Germany Fund Inc/The Common Stock 644465106 8736 483725 SH SOLE 483725 0 0 New Ireland Fund Inc/The Common Stock 645673104 9 1000 SH SOLE 1000 0 0

Filing Compare · Gramercy Investment Advisors LLC