Gabelli Convertible and Income Securities Fund
19 hedge funds and large institutions have $10.4M invested in Gabelli Convertible and Income Securities Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 7 closing their positions.
3% more capital invested
Capital invested by funds: $10.1M → $10.4M (+$283K)
0.7% more ownership
Funds ownership: 15.25% → 15.95% (+0.7%)
17% less funds holding
Funds holding: 23 → 19 (-4)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$310K |
| 2 |
Citigroup
New York
|
+$203K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$177K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$135K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$85.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$625K |
| 2 |
LCM
Laurion Capital Management
New York
|
-$128K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$70K |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
-$66K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$59K |
GCV Hedge Fund Activity: Q1 2017 in Review
19 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2017, worth a combined $10.4M — up 2.8% from $10.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GCV and 3 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was Wells Fargo, adding an estimated $310K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $625K sold.
- 19 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2017, down from 23 in Q4 2016.
- Funds reported $10.4M of Gabelli Convertible and Income Securities Fund stock for Q1 2017, up 2.8% quarter-over-quarter.
- 3 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2017 and 7 closed out, a net change of -4 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2017 was Wells Fargo, an estimated $310K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2017 was Shaker Financial Services, an estimated $625K sold.
Based on aggregated 13F filings for Q1 2017.