Gabelli Convertible and Income Securities Fund
17 hedge funds and large institutions have $13.4M invested in Gabelli Convertible and Income Securities Fund in 2017 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
6% more funds holding
Funds holding: 16 → 17 (+1)
1% more capital invested
Capital invested by funds: $13.3M → $13.4M (+$145K)
0.4% less ownership
Funds ownership: 16.55% → 16.15% (-0.4%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$243K |
| 2 |
Morgan Stanley
New York
|
+$236K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$16.4K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$6.97K |
| 5 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
+$116 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$307K |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$205K |
| 3 |
VF
Virtu Financial
New York
|
-$123K |
| 4 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$107K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$55.7K |
GCV Hedge Fund Activity: Q4 2017 in Review
17 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2017, worth a combined $13.4M — up 1.1% from $13.3M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GCV positions and 2 closed out — a net gain of 1 holder — while 4 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $243K. The largest seller was Wells Fargo, cutting an estimated $307K.
- 17 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2017, up from 16 in Q3 2017.
- Funds reported $13.4M of Gabelli Convertible and Income Securities Fund stock for Q4 2017, up 1.1% quarter-over-quarter.
- 3 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2017 and 2 closed out, a net change of +1 holder.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2017 was LPL Financial, an estimated $243K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2017 was Wells Fargo, an estimated $307K sold.
Based on aggregated 13F filings for Q4 2017.