Gabelli Convertible and Income Securities Fund
32 hedge funds and large institutions have $18.4M invested in Gabelli Convertible and Income Securities Fund in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 3 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0.55% more ownership
Funds ownership: 21.58% → 22.13% (+0.55%)
5% less capital invested
Capital invested by funds: $19.4M → $18.4M (-$1.05M)
6% less funds holding
Funds holding: 34 → 32 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$440K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$106K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$88.3K |
| 4 |
Morgan Stanley
New York
|
+$43.3K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$26.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TownSquare Capital
Provo,
Utah
|
-$78.1K |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$67.8K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$35.2K |
| 4 |
LMKC
L.M. Kohn & Company
Cincinnati,
Ohio
|
-$20.1K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$19K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIC
26
Cutler Investment Counsel
Jacksonville,
Oregon
| $44.4K | – | – | – |
|
27
UBS Group
Zurich,
Switzerland
| $42.6K | -$4.24K | -871 | -8% |
|
|
CAM
28
Chesapeake Asset Management
New York
| $13.8K | +$15.2K | +3,115 | New |
|
|
MRCM
29
M&R Capital Management
Summit,
New Jersey
| $7.07K | +$204 | +42 | +3% |
|
|
ADL
30
Asset Dedication LLC
San Francisco,
California
| $5K | – | – | – |
|
31
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $5K | – | – | – |
|
32
Commonwealth Equity Services
Waltham,
Massachusetts
| $178 | +$818 | +168 | +0.4% |
|
|
TC
33
TownSquare Capital
Provo,
Utah
| – | -$78.1K | -16,281 | Closed |
|
|
IAIM
34
International Assets Investment Management
Orlando,
Florida
| – | -$67.8K | -14,123 | Closed |
|
|
IA
35
IFP Advisors
Tampa,
Florida
| – | -$19K | -3,000 | Closed |
|
GCV Hedge Fund Activity: Q1 2023 in Review
32 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2023, worth a combined $18.4M — down 5.4% from $19.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GCV and 2 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was Osaic Holdings, adding an estimated $440K. The largest seller was TownSquare Capital, exiting entirely with an estimated $78.1K sold.
- 32 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2023, down from 34 in Q4 2022.
- Funds reported $18.4M of Gabelli Convertible and Income Securities Fund stock for Q1 2023, down 5.4% quarter-over-quarter.
- 2 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2023 and 3 closed out, a net change of -1 holder.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2023 was Osaic Holdings, an estimated $440K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2023 was TownSquare Capital, an estimated $78.1K sold.
Based on aggregated 13F filings for Q1 2023.