Gabelli Convertible and Income Securities Fund
22 hedge funds and large institutions have $26.7M invested in Gabelli Convertible and Income Securities Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 5 closing their positions.
25% more capital invested
Capital invested by funds: $21.5M → $26.7M (+$5.26M)
2.84% more ownership
Funds ownership: 21.51% → 24.35% (+2.8%)
0% more funds holding
Funds holding: 22 → 22 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
+$1.72M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.03M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$764K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$483K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$438K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$517K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$465K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$144K |
| 4 |
LPL Financial
San Diego,
California
|
-$104K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$75.2K |
GCV Hedge Fund Activity: Q4 2019 in Review
22 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2019, worth a combined $26.7M — up 25% from $21.5M a quarter earlier.
Fund positioning in GCV was balanced in Q4 2019: 5 funds opened new positions, 5 closed out, 3 added to existing stakes and 5 trimmed.
The largest buyer was Advisor Group, adding an estimated $1.72M. The largest seller was Bank of America, cutting an estimated $517K.
- 22 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $26.7M of Gabelli Convertible and Income Securities Fund stock for Q4 2019, up 25% quarter-over-quarter.
- 5 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2019 and 5 closed out, a net change of 0 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2019 was Advisor Group, an estimated $1.72M added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2019 was Bank of America, an estimated $517K sold.
Based on aggregated 13F filings for Q4 2019.