Gabelli Convertible and Income Securities Fund
21 hedge funds and large institutions have $20.4M invested in Gabelli Convertible and Income Securities Fund in 2019 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 8 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
6% less capital invested
Capital invested by funds: $21.7M → $20.4M (-$1.29M)
7.82% less ownership
Funds ownership: 29.03% → 21.21% (-7.8%)
25% less funds holding
Funds holding: 28 → 21 (-7)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$356K |
| 2 |
Morgan Stanley
New York
|
+$160K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$133K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$127K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$71.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.01M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$559K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$99.2K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$73K |
| 5 |
LPL Financial
San Diego,
California
|
-$60.7K |
GCV Hedge Fund Activity: Q2 2019 in Review
21 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q2 2019, worth a combined $20.4M — down 5.9% from $21.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GCV and 1 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Shaker Financial Services, adding an estimated $356K. The largest seller was Clough Capital Partners, exiting entirely with an estimated $1.01M sold.
- 21 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q2 2019, down from 28 in Q1 2019.
- Funds reported $20.4M of Gabelli Convertible and Income Securities Fund stock for Q2 2019, down 5.9% quarter-over-quarter.
- 1 fund opened new Gabelli Convertible and Income Securities Fund positions in Q2 2019 and 8 closed out, a net change of -7 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q2 2019 was Shaker Financial Services, an estimated $356K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q2 2019 was Clough Capital Partners, an estimated $1.01M sold.
Based on aggregated 13F filings for Q2 2019.