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GCV

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.

New
Increased
Maintained
Reduced
Closed

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: 2122 (+1)

0.3% more ownership

Funds ownership: 21.21%21.51% (+0.3%)

Holders
22
Holders Change
+1
Holders Change %
+4.76%
% of All Funds
0.48%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
7
Reduced
6
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GI
1
GAMCO Investors
Connecticut
$6.12M -$52.8K -10,000 -0.9%
Morgan Stanley
2
Morgan Stanley
New York
$4.28M +$752K +142,324 +21%
AAM
3
Advisors Asset Management
Colorado
$4.05M +$1.92M +363,692 +91%
GCIA
4
Gabelli & Co Investment Advisers
New York
$1.9M
WCM
5
Windsor Capital Management
Arizona
$1.09M -$41.6K -7,879 -4%
AG
6
Advisor Group
Arizona
$779K +$296K +55,938 +62%
Bank of America
7
Bank of America
North Carolina
$732K +$4.15K +785 +0.6%
LPL Financial
8
LPL Financial
California
$510K -$22.1K -4,179 -4%
CL
9
CSS LLC
Illinois
$498K
SFS
10
Shaker Financial Services
Virginia
$465K -$586K -110,908 -56%
PA
11
PFG Advisors
Arizona
$263K +$40.9K +7,748 +19%
MAFM
12
Mid Atlantic Financial Management
Pennsylvania
$211K -$5.28K -1,000 -2%
YCM
13
Yakira Capital Management
Connecticut
$144K -$44.2K -8,368 -24%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$110K +$33.9K +6,416 +45%
Wells Fargo
15
Wells Fargo
California
$98K
ASN
16
Advisory Services Network
Georgia
$73K
FAAS
17
First Allied Advisory Services
California
$59K +$58.1K +11,000 New
CAN
18
Claraphi Advisory Network
United States
$31K +$30.9K +5,850 New
SMG
19
Spectrum Management Group
Indiana
$17K +$17.1K +3,245 New
Fidelity Investments
20
Fidelity Investments
Massachusetts
$12K +$11.5K +2,178 New
FHA
21
Flagship Harbor Advisors
Massachusetts
$7K
MRCM
22
M&R Capital Management
New Jersey
$6K +$132 +25 +2%
SIA
23
Sit Investment Associates
Minnesota
-$1.6M -312,250 Closed
WAM
24
Wolverine Asset Management
Illinois
-$319K -62,375 Closed
Geode Capital Management
25
Geode Capital Management
Massachusetts
-$133K -25,961 Closed

GCV Hedge Fund Activity: Q3 2019 in Review

22 of the 4,561 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.