Gabelli Convertible and Income Securities Fund
35 hedge funds and large institutions have $12.8M invested in Gabelli Convertible and Income Securities Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
10.17% less ownership
Funds ownership: 28.35% → 18.18% (-10%)
13% less funds holding
Funds holding: 40 → 35 (-5)
34% less capital invested
Capital invested by funds: $19.3M → $12.8M (-$6.54M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$687K |
| 2 |
LPL Financial
San Diego,
California
|
+$339K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$42.2K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$32.4K |
| 5 |
CA
CoreCap Advisors
Southfield,
Michigan
|
+$30.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.15M |
| 2 |
Morgan Stanley
New York
|
-$3.12M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$634K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$357K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$229K |
GCV Hedge Fund Activity: Q1 2024 in Review
35 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2024, worth a combined $12.8M — down 34% from $19.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GCV and 3 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 11 added.
The largest buyer was SFI Advisors, adding an estimated $687K. The largest seller was Osaic Holdings, cutting an estimated $3.15M.
- 35 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2024, down from 40 in Q4 2023.
- Funds reported $12.8M of Gabelli Convertible and Income Securities Fund stock for Q1 2024, down 34% quarter-over-quarter.
- 3 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2024 and 8 closed out, a net change of -5 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2024 was SFI Advisors, an estimated $687K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2024 was Osaic Holdings, an estimated $3.15M sold.
Based on aggregated 13F filings for Q1 2024.