Gabelli Convertible and Income Securities Fund
21 hedge funds and large institutions have $9.19M invested in Gabelli Convertible and Income Securities Fund in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 6 closing their positions.
1.93% less ownership
Funds ownership: 15.97% → 14.04% (-1.9%)
11% less capital invested
Capital invested by funds: $10.3M → $9.19M (-$1.13M)
13% less funds holding
Funds holding: 24 → 21 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$281K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$60.6K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$57K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$46.2K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$28.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$912K |
| 2 |
AIG
American International Group
New York
|
-$253K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$157K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$151K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$137K |
GCV Hedge Fund Activity: Q2 2016 in Review
21 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q2 2016, worth a combined $9.19M — down 11% from $10.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GCV and 3 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Shaker Financial Services, adding an estimated $281K. The largest seller was GAMCO Investors, cutting an estimated $912K.
- 21 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q2 2016, down from 24 in Q1 2016.
- Funds reported $9.19M of Gabelli Convertible and Income Securities Fund stock for Q2 2016, down 11% quarter-over-quarter.
- 3 funds opened new Gabelli Convertible and Income Securities Fund positions in Q2 2016 and 6 closed out, a net change of -3 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q2 2016 was Shaker Financial Services, an estimated $281K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q2 2016 was GAMCO Investors, an estimated $912K sold.
Based on aggregated 13F filings for Q2 2016.