Gabelli Convertible and Income Securities Fund
23 hedge funds and large institutions have $10.1M invested in Gabelli Convertible and Income Securities Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
44% more funds holding
Funds holding: 16 → 23 (+7)
1.47% more ownership
Funds ownership: 13.78% → 15.25% (+1.5%)
4% more capital invested
Capital invested by funds: $9.68M → $10.1M (+$413K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$625K |
| 2 |
LCM
Laurion Capital Management
New York
|
+$187K |
| 3 |
Citigroup
New York
|
+$107K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$70.1K |
| 5 |
AA
Advisory Alpha
Holland,
Michigan
|
+$62.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$198K |
| 2 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$42.5K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
-$30.1K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$5K |
| 5 |
LPL Financial
San Diego,
California
|
-$3.29K |
GCV Hedge Fund Activity: Q4 2016 in Review
23 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2016, worth a combined $10.1M — up 4.3% from $9.68M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GCV positions and 1 closed out — a net gain of 7 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $625K. The largest seller was GAMCO Investors, cutting an estimated $198K.
- 23 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2016, up from 16 in Q3 2016.
- Funds reported $10.1M of Gabelli Convertible and Income Securities Fund stock for Q4 2016, up 4.3% quarter-over-quarter.
- 8 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2016 and 1 closed out, a net change of +7 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2016 was Shaker Financial Services, an estimated $625K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2016 was GAMCO Investors, an estimated $198K sold.
Based on aggregated 13F filings for Q4 2016.