The cumulated stake of Romanian investors fell to 47.29%, from 48.25% at the end of August. The numbers include Fondul Proprietatea’s own holding, of 1.64% at the end of September.

The figures refer to both private and corporate investors.

Romanian Finance Ministry’s stake was 7.58% in September, down from 8.71% a month earlier.

New York-based investment fund Manchester Securities Corp, a unit of Elliott Associates, reported a holding in Fondul Proprietatea of 6.61% at the end of September.

Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.

At around 10:14 Friday, Fondul Proprietatea traded up 0.11% at RON0.4355 a share in Bucharest. (EUR1=RON4.3218)