Gabelli Convertible and Income Securities Fund
35 hedge funds and large institutions have $19.7M invested in Gabelli Convertible and Income Securities Fund in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 3 closing their positions.
400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 3
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
46% more capital invested
Capital invested by funds: $13.5M → $19.7M (+$6.24M)
46% more funds holding
Funds holding: 24 → 35 (+11)
14.28% more ownership
Funds ownership: 16.45% → 30.72% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.48M |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$1.77M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.44M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.22M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$829K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$232K |
| 2 |
B
Bridgeworth
Birmingham,
Alabama
|
-$69.1K |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$57.4K |
| 4 |
Walleye Trading
New York
|
-$18K |
| 5 |
PWAG
Polaris Wealth Advisory Group
San Rafael,
California
|
-$15K |
GCV Hedge Fund Activity: Q4 2018 in Review
35 of the 4,504 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2018, worth a combined $19.7M — up 46% from $13.5M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new GCV positions and 3 closed out — a net gain of 12 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.48M. The largest seller was Morgan Stanley, cutting an estimated $232K.
- 35 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2018, up from 24 in Q3 2018.
- Funds reported $19.7M of Gabelli Convertible and Income Securities Fund stock for Q4 2018, up 46% quarter-over-quarter.
- 15 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2018 and 3 closed out, a net change of +12 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $2.48M added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2018 was Morgan Stanley, an estimated $232K sold.
Based on aggregated 13F filings for Q4 2018.