Gabelli Convertible and Income Securities Fund
24 hedge funds and large institutions have $10.3M invested in Gabelli Convertible and Income Securities Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
9% more funds holding
Funds holding: 22 → 24 (+2)
0.59% less ownership
Funds ownership: 16.56% → 15.97% (-0.59%)
7% less capital invested
Capital invested by funds: $11.1M → $10.3M (-$733K)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$444K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$238K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$77.9K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$15.7K |
| 5 |
SNT
Security National Trust
Wheeling,
West Virginia
|
+$9.96K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$479K |
| 2 |
Morgan Stanley
New York
|
-$464K |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$89.9K |
| 4 |
AIG
American International Group
New York
|
-$51.4K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$45K |
GCV Hedge Fund Activity: Q1 2016 in Review
24 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2016, worth a combined $10.3M — down 6.6% from $11.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GCV positions and 4 closed out — a net gain of 2 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $444K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $479K sold.
- 24 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2016, up from 22 in Q4 2015.
- Funds reported $10.3M of Gabelli Convertible and Income Securities Fund stock for Q1 2016, down 6.6% quarter-over-quarter.
- 6 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2016 and 4 closed out, a net change of +2 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2016 was Shaker Financial Services, an estimated $444K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2016 was Curi RMB Capital, an estimated $479K sold.
Based on aggregated 13F filings for Q1 2016.