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GCV

Gabelli Convertible and Income Securities Fund
GCV

17 hedge funds and large institutions have $16.1M invested in Gabelli Convertible and Income Securities Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

21% more funds holding

Funds holding: 14 → 17 (+3)

3% more capital invested

Capital invested by funds: $15.6M → $16.1M (+$457K)

0.46% more ownership

Funds ownership: 18.49% → 18.94% (+0.46%)

Holders
17
Holders Change
+3
Holders Change %
+21.43%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
6
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$359K
2
Morgan Stanley
Morgan Stanley
New York
+$133K
3
U
UBS
Switzerland
+$59.2K
4
LPL Financial
LPL Financial
California
+$37.3K
5
Bank of America
Bank of America
North Carolina
+$9.17K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$188K
2
US Bancorp
US Bancorp
Minnesota
-$122K
3
WCM
Windsor Capital Management
Arizona
-$64.2K
4
TRCT
Tower Research Capital (TRC)
New York
-$2.76K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
1
GAMCO Investors
Connecticut
$7.34M – – –
WCM
2
Windsor Capital Management
Arizona
$3.04M -$64.2K -10,264 -2%
Morgan Stanley
3
Morgan Stanley
New York
$2.37M +$133K +21,243 +6%
AAM
4
Advisors Asset Management
Colorado
$922K +$359K +57,368 +62%
U
5
UBS
Switzerland
$745K +$59.2K +9,455 +9%
GC
6
Guggenheim Capital
Illinois
$684K -$188K -30,044 -21%
LPL Financial
7
LPL Financial
California
$376K +$37.3K +5,966 +10%
US Bancorp
8
US Bancorp
Minnesota
$298K -$122K -19,486 -29%
VKH
9
Virtu KCG Holdings
New York
$150K +$152K +24,353 New
Bank of America
10
Bank of America
North Carolina
$79K +$9.17K +1,466 +13%
Barclays
11
Barclays
United Kingdom
$31K +$2.03K +325 +7%
Wells Fargo
12
Wells Fargo
California
$19K – – –
AIG
13
American International Group
New York
$14.6K – – –
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$14K – – –
Citigroup
15
Citigroup
New York
$8K +$8.47K +1,353 New
Creative Planning
16
Creative Planning
Kansas
$6K +$6.26K +1,000 New
TRCT
17
Tower Research Capital (TRC)
New York
$1K -$2.76K -441 -84%

GCV Hedge Fund Activity: Q3 2013 in Review

17 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2013, worth a combined $16.1M — up 2.9% from $15.6M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new GCV positions and 0 closed out — a net gain of 3 holders — while 6 added to existing stakes and 4 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $359K. The largest seller was Guggenheim Capital, cutting an estimated $188K.

  • 17 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2013, up from 14 in Q2 2013.
  • Funds reported $16.1M of Gabelli Convertible and Income Securities Fund stock for Q3 2013, up 2.9% quarter-over-quarter.
  • 3 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2013 and 0 closed out, a net change of +3 holders.
  • The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2013 was Advisors Asset Management, an estimated $359K added.
  • The largest Gabelli Convertible and Income Securities Fund seller in Q3 2013 was Guggenheim Capital, an estimated $188K sold.

Based on aggregated 13F filings for Q3 2013.