Gabelli Convertible and Income Securities Fund
32 hedge funds and large institutions have $29.6M invested in Gabelli Convertible and Income Securities Fund in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
15% more capital invested
Capital invested by funds: $25.8M → $29.6M (+$3.79M)
14% more funds holding
Funds holding: 28 → 32 (+4)
0.21% less ownership
Funds ownership: 25.35% → 25.14% (-0.21%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$656K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$623K |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
+$132K |
| 4 |
TC
TownSquare Capital
Provo,
Utah
|
+$106K |
| 5 |
CAN
Claraphi Advisory Network
Aliso Viejo,
United States
|
+$88.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$607K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$543K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$185K |
| 4 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$184K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$176K |
GCV Hedge Fund Activity: Q4 2020 in Review
32 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Gabelli Convertible and Income Securities Fund (GCV) for Q4 2020, worth a combined $29.6M — up 15% from $25.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GCV positions and 3 closed out — a net gain of 5 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $656K. The largest seller was Advisors Asset Management, cutting an estimated $607K.
- 32 institutional investors held Gabelli Convertible and Income Securities Fund (GCV) as of Q4 2020, up from 28 in Q3 2020.
- Funds reported $29.6M of Gabelli Convertible and Income Securities Fund stock for Q4 2020, up 15% quarter-over-quarter.
- 8 funds opened new Gabelli Convertible and Income Securities Fund positions in Q4 2020 and 3 closed out, a net change of +5 holders.
- The largest Gabelli Convertible and Income Securities Fund buyer in Q4 2020 was Shaker Financial Services, an estimated $656K added.
- The largest Gabelli Convertible and Income Securities Fund seller in Q4 2020 was Advisors Asset Management, an estimated $607K sold.
Based on aggregated 13F filings for Q4 2020.