Gabelli Convertible and Income Securities Fund
27 hedge funds and large institutions have $21.5M invested in Gabelli Convertible and Income Securities Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
23% more funds holding
Funds holding: 22 → 27 (+5)
1.28% more ownership
Funds ownership: 24.35% → 25.63% (+1.3%)
19% less capital invested
Capital invested by funds: $26.7M → $21.5M (-$5.2M)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$506K |
| 2 |
EH
Equitable Holdings
New York
|
+$416K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$95.1K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$68.1K |
| 5 |
CAN
Claraphi Advisory Network
Aliso Viejo,
United States
|
+$47.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$723K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$135K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$95.3K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$63.5K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$63.3K |
GCV Hedge Fund Activity: Q1 2020 in Review
27 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q1 2020, worth a combined $21.5M — down 19% from $26.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GCV positions and 1 closed out — a net gain of 6 holders — while 5 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $506K. The largest seller was Morgan Stanley, cutting an estimated $723K.
- 27 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q1 2020, up from 22 in Q4 2019.
- Funds reported $21.5M of Gabelli Convertible and Income Securities Fund stock for Q1 2020, down 19% quarter-over-quarter.
- 7 funds opened new Gabelli Convertible and Income Securities Fund positions in Q1 2020 and 1 closed out, a net change of +6 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q1 2020 was Guggenheim Capital, an estimated $506K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q1 2020 was Morgan Stanley, an estimated $723K sold.
Based on aggregated 13F filings for Q1 2020.