Gabelli Convertible and Income Securities Fund
22 hedge funds and large institutions have $11.1M invested in Gabelli Convertible and Income Securities Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
22% more funds holding
Funds holding: 18 → 22 (+4)
0.62% less ownership
Funds ownership: 17.17% → 16.56% (-0.62%)
5% less capital invested
Capital invested by funds: $11.7M → $11.1M (-$604K)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$119K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$70.1K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$58.3K |
| 4 |
LPL Financial
San Diego,
California
|
+$21.5K |
| 5 |
Citigroup
New York
|
+$8.11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$174K |
| 2 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$158K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
-$155K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$112K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$51K |
GCV Hedge Fund Activity: Q4 2015 in Review
22 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2015, worth a combined $11.1M — down 5.2% from $11.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GCV positions and 2 closed out — a net gain of 4 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was American International Group, adding an estimated $119K. The largest seller was Curi RMB Capital, cutting an estimated $174K.
- 22 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2015, up from 18 in Q3 2015.
- Funds reported $11.1M of Gabelli Convertible and Income Securities Fund stock for Q4 2015, down 5.2% quarter-over-quarter.
- 6 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2015 and 2 closed out, a net change of +4 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2015 was American International Group, an estimated $119K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2015 was Curi RMB Capital, an estimated $174K sold.
Based on aggregated 13F filings for Q4 2015.