Gabelli Convertible and Income Securities Fund
17 hedge funds and large institutions have $14.4M invested in Gabelli Convertible and Income Securities Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 5 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0.55% less ownership
Funds ownership: 17.86% → 17.32% (-0.55%)
8% less capital invested
Capital invested by funds: $15.5M → $14.4M (-$1.17M)
15% less funds holding
Funds holding: 20 → 17 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$80.2K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$30.1K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20.4K |
| 4 |
LPL Financial
San Diego,
California
|
+$19.2K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$15.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DMAM
Del Mar Asset Management
New York
|
-$344K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$127K |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$56.1K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$42.5K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$27.5K |
GCV Hedge Fund Activity: Q3 2014 in Review
17 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2014, worth a combined $14.4M — down 7.5% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GCV and 2 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $80.2K. The largest seller was Del Mar Asset Management, exiting entirely with an estimated $344K sold.
- 17 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2014, down from 20 in Q2 2014.
- Funds reported $14.4M of Gabelli Convertible and Income Securities Fund stock for Q3 2014, down 7.5% quarter-over-quarter.
- 2 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2014 and 5 closed out, a net change of -3 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2014 was Morgan Stanley, an estimated $80.2K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q3 2014 was Del Mar Asset Management, an estimated $344K sold.
Based on aggregated 13F filings for Q3 2014.