Gabelli Convertible and Income Securities Fund
16 hedge funds and large institutions have $13.3M invested in Gabelli Convertible and Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 4 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
24% more capital invested
Capital invested by funds: $10.7M → $13.3M (+$2.55M)
1.49% more ownership
Funds ownership: 15.05% → 16.55% (+1.5%)
11% less funds holding
Funds holding: 18 → 16 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.17M |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$193K |
| 3 |
VF
Virtu Financial
New York
|
+$116K |
| 4 |
Morgan Stanley
New York
|
+$75.1K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$123K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$54K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$24K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$5K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$220 |
GCV Hedge Fund Activity: Q3 2017 in Review
16 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2017, worth a combined $13.3M — up 24% from $10.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GCV and 2 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 5 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.17M. The largest seller was Wells Fargo, cutting an estimated $123K.
- 16 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2017, down from 18 in Q2 2017.
- Funds reported $13.3M of Gabelli Convertible and Income Securities Fund stock for Q3 2017, up 24% quarter-over-quarter.
- 2 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2017 and 4 closed out, a net change of -2 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $1.17M added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q3 2017 was Wells Fargo, an estimated $123K sold.
Based on aggregated 13F filings for Q3 2017.