Gabelli Convertible and Income Securities Fund
22 hedge funds and large institutions have $21.5M invested in Gabelli Convertible and Income Securities Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
5% more capital invested
Capital invested by funds: $20.4M → $21.5M (+$1.03M)
5% more funds holding
Funds holding: 21 → 22 (+1)
0.3% more ownership
Funds ownership: 21.21% → 21.51% (+0.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.92M |
| 2 |
Morgan Stanley
New York
|
+$752K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$296K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$58.1K |
| 5 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$40.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.6M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$586K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$319K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$133K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$52.8K |
GCV Hedge Fund Activity: Q3 2019 in Review
22 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q3 2019, worth a combined $21.5M — up 5.1% from $20.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GCV positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.92M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.6M sold.
- 22 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q3 2019, up from 21 in Q2 2019.
- Funds reported $21.5M of Gabelli Convertible and Income Securities Fund stock for Q3 2019, up 5.1% quarter-over-quarter.
- 4 funds opened new Gabelli Convertible and Income Securities Fund positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q3 2019 was Advisors Asset Management, an estimated $1.92M added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q3 2019 was Sit Investment Associates, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2019.