Gabelli Convertible and Income Securities Fund
18 hedge funds and large institutions have $10.7M invested in Gabelli Convertible and Income Securities Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 6 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
3% more capital invested
Capital invested by funds: $10.4M → $10.7M (+$339K)
1.2% less ownership
Funds ownership: 15.95% → 14.75% (-1.2%)
5% less funds holding
Funds holding: 19 → 18 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$159K |
| 2 |
Morgan Stanley
New York
|
+$152K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$81.7K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$61.3K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$53.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$675K |
| 2 |
Citigroup
New York
|
-$316K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$178K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$86K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$66K |
GCV Hedge Fund Activity: Q2 2017 in Review
18 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q2 2017, worth a combined $10.7M — up 3.3% from $10.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GCV and 5 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 6 added.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $159K. The largest seller was Vivaldi Capital Management, cutting an estimated $675K.
- 18 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q2 2017, down from 19 in Q1 2017.
- Funds reported $10.7M of Gabelli Convertible and Income Securities Fund stock for Q2 2017, up 3.3% quarter-over-quarter.
- 5 funds opened new Gabelli Convertible and Income Securities Fund positions in Q2 2017 and 6 closed out, a net change of -1 holder.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q2 2017 was Advisors Asset Management, an estimated $159K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q2 2017 was Vivaldi Capital Management, an estimated $675K sold.
Based on aggregated 13F filings for Q2 2017.