Gabelli Convertible and Income Securities Fund
34 hedge funds and large institutions have $27.6M invested in Gabelli Convertible and Income Securities Fund in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
6% more funds holding
Funds holding: 32 → 34 (+2)
1.05% less ownership
Funds ownership: 25.14% → 24.08% (-1.1%)
7% less capital invested
Capital invested by funds: $29.6M → $27.6M (-$1.96M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$491K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$244K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$218K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$163K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.11M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$985K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$282K |
| 4 |
Morgan Stanley
New York
|
-$200K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
26
Mariner Investment Group
Harrison,
New York
| $65K | +$67K | +10,603 | New |
|
27
Wells Fargo
San Francisco,
California
| $54K | +$1.68K | +266 | +3% |
|
28
Rockefeller Capital Management
New York
| $39K | – | – | – |
|
|
COCM
29
Charter Oak Capital Management
Portsmouth,
New Hampshire
| $32K | – | – | – |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $28.4K | +$575 | +91 | +2% |
|
|
FIA
31
FNY Investment Advisers
New York
| $22K | +$5.79K | +916 | +34% |
|
|
SMG
32
Spectrum Management Group
Indianapolis,
Indiana
| $20K | – | – | – |
|
33
UBS Group
Zurich,
Switzerland
| $9K | -$4.11K | -650 | -30% |
|
|
34
Invesco
Atlanta,
Georgia
| – | -$282K | -45,096 | Closed |
|
|
WCM
35
Wealthcare Capital Management
Richmond,
Virginia
| – | +$6 | +1 | New |
|
GCV Hedge Fund Activity: Q1 2021 in Review
34 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2021, worth a combined $27.6M — down 6.6% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GCV positions and 1 closed out — a net gain of 3 holders — while 15 added to existing stakes and 9 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $491K. The largest seller was Advisors Asset Management, cutting an estimated $1.11M.
- 34 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2021, up from 32 in Q4 2020.
- Funds reported $27.6M of Gabelli Convertible and Income Securities Fund stock for Q1 2021, down 6.6% quarter-over-quarter.
- 4 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2021 and 1 closed out, a net change of +3 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2021 was Shaker Financial Services, an estimated $491K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2021 was Advisors Asset Management, an estimated $1.11M sold.
Based on aggregated 13F filings for Q1 2021.