Gabelli Convertible and Income Securities Fund
24 hedge funds and large institutions have $13.5M invested in Gabelli Convertible and Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
14% more funds holding
Funds holding: 21 → 24 (+3)
0.36% more ownership
Funds ownership: 16.09% → 16.45% (+0.36%)
10% less capital invested
Capital invested by funds: $14.9M → $13.5M (-$1.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$302K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$199K |
| 3 |
LPL Financial
San Diego,
California
|
+$97.2K |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$84.5K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$46.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$73.2K |
| 2 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$66K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$62.6K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$45K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$38.4K |
GCV Hedge Fund Activity: Q3 2018 in Review
24 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2018, worth a combined $13.5M — down 10% from $14.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GCV positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $302K. The largest seller was Morgan Stanley, cutting an estimated $73.2K.
- 24 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2018, up from 21 in Q2 2018.
- Funds reported $13.5M of Gabelli Convertible and Income Securities Fund stock for Q3 2018, down 10% quarter-over-quarter.
- 5 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2018 and 2 closed out, a net change of +3 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2018 was Sit Investment Associates, an estimated $302K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q3 2018 was Morgan Stanley, an estimated $73.2K sold.
Based on aggregated 13F filings for Q3 2018.