Gabelli Convertible and Income Securities Fund
28 hedge funds and large institutions have $21.7M invested in Gabelli Convertible and Income Securities Fund in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $19.7M → $21.7M (+$2.03M)
1.69% less ownership
Funds ownership: 30.72% → 29.03% (-1.7%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
20% less funds holding
Funds holding: 35 → 28 (-7)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$991K |
| 2 |
Morgan Stanley
New York
|
+$273K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$57.9K |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$30.9K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$29.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$651K |
| 2 |
IFWM
Institute for Wealth Management
Denver,
Colorado
|
-$327K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$299K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$266K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$197K |
GCV Hedge Fund Activity: Q1 2019 in Review
28 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2019, worth a combined $21.7M — up 10% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GCV and 1 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Advisors Asset Management, adding an estimated $991K. The largest seller was Sit Investment Associates, cutting an estimated $651K.
- 28 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2019, down from 35 in Q4 2018.
- Funds reported $21.7M of Gabelli Convertible and Income Securities Fund stock for Q1 2019, up 10% quarter-over-quarter.
- 1 fund opened new Gabelli Convertible and Income Securities Fund positions in Q1 2019 and 8 closed out, a net change of -7 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2019 was Advisors Asset Management, an estimated $991K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2019 was Sit Investment Associates, an estimated $651K sold.
Based on aggregated 13F filings for Q1 2019.