Great Elm Capital Corp
GECC
19 hedge funds and large institutions have $13.3M invested in Great Elm Capital Corp in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 8 closing their positions.
0.11% more ownership
Funds ownership: 1.36% → 1.46% (+0.11%)
5% less capital invested
Capital invested by funds: $14M → $13.3M (-$639K)
10% less funds holding
Funds holding: 21 → 19 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
+$952K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$522K |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$242K |
| 4 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$114K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$32.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$595K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$282K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$259K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$199K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BlackRock
New York
| – | -$8K | -123 | Closed |
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$1K | -12 | Closed |
|
GECC Hedge Fund Activity: Q2 2017 in Review
19 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Great Elm Capital Corp (GECC) for Q2 2017, worth a combined $13.3M — down 4.6% from $14M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GECC and 6 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was CSS LLC, opening a new position worth an estimated $952K. The largest seller was Bulldog Investors, cutting an estimated $595K.
- 19 institutional investors held Great Elm Capital Corp (GECC) as of Q2 2017, down from 21 in Q1 2017.
- Funds reported $13.3M of Great Elm Capital Corp stock for Q2 2017, down 4.6% quarter-over-quarter.
- 6 funds opened new Great Elm Capital Corp positions in Q2 2017 and 8 closed out, a net change of -2 holders.
- The largest Great Elm Capital Corp buyer in Q2 2017 was CSS LLC, an estimated $952K added.
- The largest Great Elm Capital Corp seller in Q2 2017 was Bulldog Investors, an estimated $595K sold.
Based on aggregated 13F filings for Q2 2017.