GAMCO Global Gold, Natural Resources & Income Trust
GGN
79 hedge funds and large institutions have $143M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 28 reducing their positions, and 11 closing their positions.
33% more capital invested
Capital invested by funds: $107M → $143M (+$35.4M)
1.44% less ownership
Funds ownership: 13.62% → 12.18% (-1.4%)
2% less funds holding
Funds holding: 81 → 79 (-2)
11% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 28
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$13.2M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$11.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.04M |
| 4 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$1.46M |
| 5 |
PWM
Perigon Wealth Management
San Francisco,
California
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.52M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.48M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.08M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.02M |
| 5 |
AGM
Alpine Global Management
New York
|
-$869K |
GGN Hedge Fund Activity: Q2 2014 in Review
79 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2014, worth a combined $143M — up 33% from $107M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GGN and 9 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 25 added.
The largest buyer was Oxbow Advisors, adding an estimated $13.2M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $1.52M sold.
- 79 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2014, down from 81 in Q1 2014.
- Funds reported $143M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2014, up 33% quarter-over-quarter.
- 9 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2014 and 11 closed out, a net change of -2 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2014 was Oxbow Advisors, an estimated $13.2M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2014 was Financial & Investment Management Group, an estimated $1.52M sold.
Based on aggregated 13F filings for Q2 2014.