Great Elm Capital Corp
GECC
16 hedge funds and large institutions have $17.3M invested in Great Elm Capital Corp in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 6 closing their positions.
30% more capital invested
Capital invested by funds: $13.3M → $17.3M (+$3.96M)
1.86% more ownership
Funds ownership: 1.46% → 3.33% (+1.9%)
16% less funds holding
Funds holding: 19 → 16 (-3)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingdon Capital Management
New York
|
+$13.6M |
| 2 |
QCMC
Quantum Capital Management (California)
San Francisco,
California
|
+$528K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$57.6K |
| 4 |
JP Morgan Chase
New York
|
+$28.7K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$65 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$272K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$169K |
| 3 |
PCM
Prelude Capital Management
New York
|
-$57K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$32K |
| 5 |
Morgan Stanley
New York
|
-$15K |
GECC Hedge Fund Activity: Q3 2017 in Review
16 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Great Elm Capital Corp (GECC) for Q3 2017, worth a combined $17.3M — up 30% from $13.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GECC and 3 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 2 added.
The largest buyer was Kingdon Capital Management, opening a new position worth an estimated $13.6M. The largest seller was Rivernorth Capital Management, cutting an estimated $272K.
- 16 institutional investors held Great Elm Capital Corp (GECC) as of Q3 2017, down from 19 in Q2 2017.
- Funds reported $17.3M of Great Elm Capital Corp stock for Q3 2017, up 30% quarter-over-quarter.
- 3 funds opened new Great Elm Capital Corp positions in Q3 2017 and 6 closed out, a net change of -3 holders.
- The largest Great Elm Capital Corp buyer in Q3 2017 was Kingdon Capital Management, an estimated $13.6M added.
- The largest Great Elm Capital Corp seller in Q3 2017 was Rivernorth Capital Management, an estimated $272K sold.
Based on aggregated 13F filings for Q3 2017.