Great Elm Capital Corp
GECC
21 hedge funds and large institutions have $11.7M invested in Great Elm Capital Corp in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
0.38% less ownership
Funds ownership: 2.87% → 2.49% (-0.38%)
18% less capital invested
Capital invested by funds: $14.2M → $11.7M (-$2.49M)
19% less funds holding
Funds holding: 26 → 21 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$476K |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$422K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$137K |
| 4 |
Two Sigma Advisers
New York
|
+$71.4K |
| 5 |
Two Sigma Investments
New York
|
+$29.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.23M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$697K |
| 3 |
Morgan Stanley
New York
|
-$320K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$278K |
| 5 |
SV
Stilwell Value
New York
|
-$147K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$136K | -2,772 | Closed |
|
|
VF
27
Virtu Financial
New York
| – | -$95K | -1,932 | Closed |
|
|
CIAS
28
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$16K | -333 | Closed |
|
|
QCIG
29
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$2K | -33 | Closed |
|
GECC Hedge Fund Activity: Q4 2019 in Review
21 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Great Elm Capital Corp (GECC) for Q4 2019, worth a combined $11.7M — down 18% from $14.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GECC and 4 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Russell Investments Group, opening a new position worth an estimated $476K. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $1.23M sold.
- 21 institutional investors held Great Elm Capital Corp (GECC) as of Q4 2019, down from 26 in Q3 2019.
- Funds reported $11.7M of Great Elm Capital Corp stock for Q4 2019, down 18% quarter-over-quarter.
- 4 funds opened new Great Elm Capital Corp positions in Q4 2019 and 9 closed out, a net change of -5 holders.
- The largest Great Elm Capital Corp buyer in Q4 2019 was Russell Investments Group, an estimated $476K added.
- The largest Great Elm Capital Corp seller in Q4 2019 was Thomas J. Herzfeld Advisors, an estimated $1.23M sold.
Based on aggregated 13F filings for Q4 2019.