Gabelli Convertible and Income Securities Fund
28 hedge funds and large institutions have $25.8M invested in Gabelli Convertible and Income Securities Fund in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
8% more funds holding
Funds holding: 26 → 28 (+2)
4% more capital invested
Capital invested by funds: $24.9M → $25.8M (+$895K)
0.46% less ownership
Funds ownership: 25.81% → 25.35% (-0.46%)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$185K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$116K |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$62.5K |
| 4 |
CAN
Claraphi Advisory Network
Aliso Viejo,
United States
|
+$61.3K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$59.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$240K |
| 2 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$217K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$135K |
| 4 |
Morgan Stanley
New York
|
-$124K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$60.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SMG
26
Spectrum Management Group
Indianapolis,
Indiana
| $18K | – | – | – |
|
|
APA
27
American Portfolios Advisors
Holbrook,
New York
| $16.8K | +$5.91K | +1,089 | +54% |
|
28
Rockefeller Capital Management
New York
| $5K | – | – | – |
|
|
PAG
29
Private Advisor Group
Morristown,
New Jersey
| – | -$46K | -9,000 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$11K | -2,283 | Closed |
|
|
FHA
31
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$7K | -1,500 | Closed |
|
GCV Hedge Fund Activity: Q3 2020 in Review
28 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2020, worth a combined $25.8M — up 3.6% from $24.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GCV positions and 3 closed out — a net gain of 2 holders — while 4 added to existing stakes and 12 trimmed.
The largest buyer was J.W. Cole Advisors, opening a new position worth an estimated $185K. The largest seller was Osaic Holdings, cutting an estimated $240K.
- 28 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2020, up from 26 in Q2 2020.
- Funds reported $25.8M of Gabelli Convertible and Income Securities Fund stock for Q3 2020, up 3.6% quarter-over-quarter.
- 5 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2020 and 3 closed out, a net change of +2 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2020 was J.W. Cole Advisors, an estimated $185K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q3 2020 was Osaic Holdings, an estimated $240K sold.
Based on aggregated 13F filings for Q3 2020.