Great Elm Capital Corp
GECC
10 hedge funds and large institutions have $12.6M invested in Great Elm Capital Corp in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and 4 closing their positions.
33% more capital invested
Capital invested by funds: $9.53M → $12.6M (+$3.11M)
3.34% more ownership
Funds ownership: 15.13% → 18.47% (+3.3%)
9% less funds holding
Funds holding: 11 → 10 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$3.38M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$371K |
| 3 |
Millennium Management
New York
|
+$140K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGC
Alden Global Capital
Brandon,
Florida
|
-$1.4M |
| 2 |
VF
Virtu Financial
New York
|
-$131K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$130K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$6.09K |
| 5 |
MWM
MinichMacGregor Wealth Management
Saratoga Springs,
New York
|
-$414 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NRCM
1
Northern Right Capital Management
Darien,
Connecticut
| $7.19M | – | – | – |
|
|
2
JP Morgan Chase
New York
| $3.37M | +$3.38M | +372,495 | New |
|
|
AGC
3
Alden Global Capital
Brandon,
Florida
| $1.31M | -$1.4M | -154,770 | -51% |
|
|
4
Osaic Holdings
Scottsdale,
Arizona
| $368K | +$371K | +40,900 | +4,090,000% |
|
|
CL
5
CSS LLC
Chicago,
Illinois
| $139K | – | – | – |
|
|
6
Millennium Management
New York
| $139K | +$140K | +15,417 | New |
|
|
7
Acadian Asset Management
Boston,
Massachusetts
| $106K | +$108K | +11,916 | New |
|
8
Morgan Stanley
New York
| $12.2K | -$45 | -5 | -0.4% |
|
9
Wells Fargo
San Francisco,
California
| $9.64K | -$9 | -1 | -0.1% |
|
|
10
UBS Group
Zurich,
Switzerland
| $4.5K | -$6.09K | -672 | -57% |
|
|
VF
11
Virtu Financial
New York
| – | -$131K | -15,811 | Closed |
|
|
12
Citadel Advisors
Miami,
Florida
| – | -$130K | -15,690 | Closed |
|
|
MWM
13
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$414 | -50 | Closed |
|
14
Fidelity Investments
Boston,
Massachusetts
| – | -$8 | -1 | Closed |
|
GECC Hedge Fund Activity: Q1 2023 in Review
10 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Great Elm Capital Corp (GECC) for Q1 2023, worth a combined $12.6M — up 33% from $9.53M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GECC and 3 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 1 added.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $3.38M. The largest seller was Alden Global Capital, cutting an estimated $1.4M.
- 10 institutional investors held Great Elm Capital Corp (GECC) as of Q1 2023, down from 11 in Q4 2022.
- Funds reported $12.6M of Great Elm Capital Corp stock for Q1 2023, up 33% quarter-over-quarter.
- 3 funds opened new Great Elm Capital Corp positions in Q1 2023 and 4 closed out, a net change of -1 holder.
- The largest Great Elm Capital Corp buyer in Q1 2023 was JP Morgan Chase, an estimated $3.38M added.
- The largest Great Elm Capital Corp seller in Q1 2023 was Alden Global Capital, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2023.