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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

93 hedge funds and large institutions have $113M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

222% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

24% more funds holding

Funds holding: 75 → 93 (+18)

1.88% more ownership

Funds ownership: 13.29% → 15.17% (+1.9%)

13% less capital invested

Capital invested by funds: $131M → $113M (-$17.6M)

23% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 30

Holders
93
Holders Change
+18
Holders Change %
+24%
% of All Funds
2.48%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
29
Increased
23
Reduced
30
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$11.1M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$7.43M
3
RCM
Rivernorth Capital Management
Florida
+$3.43M
4
AGM
Alpine Global Management
New York
+$3.29M
5
WAM
Weiss Asset Management
Massachusetts
+$2.03M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$12.8M
2
Morgan Stanley
Morgan Stanley
New York
-$6.39M
3
GC
Guggenheim Capital
Illinois
-$2.49M
4
Citigroup
Citigroup
New York
-$475K
5
Invesco
Invesco
Georgia
-$312K
Name Holding Trade Value Shares
Change 		Change in
Stake
VKH
26
Virtu KCG Holdings
New York
$777K +$530K +66,883 +151%
B
27
Baird
Wisconsin
$725K -$7.49K -944 -0.9%
Citigroup
28
Citigroup
New York
$640K -$475K -59,893 -40%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$591K -$74.1K -9,351 -10%
PWM
30
Perigon Wealth Management
California
$582K +$127 +16 +0%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$566K -$7.67K -967 -1%
CFN
32
Cordasco Financial Network
Florida
$493K -$120K -15,083 -18%
WS
33
Wedbush Securities
California
$434K +$35.5K +4,479 +8%
Wells Fargo
34
Wells Fargo
California
$432K -$241K -30,448 -33%
WAM
35
Wolverine Asset Management
Illinois
$432K +$490K +61,857 New
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$350K +$220K +27,778 +125%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$323K +$1.23K +155 +0.3%
SPC
38
Sigma Planning Corp
Michigan
$292K +$331K +41,726 New
N
39
Nuveen
North Carolina
$277K +$55.5K +7,000 +22%
OIM
40
Orca Investment Management
Oregon
$252K -$4.76K -600 -2%
ISL
41
Ingalls & Snyder LLC
New York
$250K -$23.8K -3,000 -8%
Janney Montgomery Scott
42
Janney Montgomery Scott
Pennsylvania
$246K -$40.2K -5,067 -13%
EWM
43
Elite Wealth Management
Washington
$245K – – –
Stifel Financial
44
Stifel Financial
Missouri
$240K -$3.67K -463 -1%
OC
45
Oppenheimer & Co
New York
$230K -$88.8K -11,193 -25%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$222K +$240K +30,266 +2,018%
VFS
47
VSR Financial Services
Kansas
$202K +$96.2K +12,136 +69%
NL
48
NWAM LLC
Washington
$200K +$55.1K +6,945 +32%
CAS
49
CTC Alternative Strategies
Illinois
$183K +$207K +26,100 New
AHC
50
Adell Harriman & Carpenter
Texas
$168K -$73.8K -9,310 -28%
1
2
3 4 5

GGN Hedge Fund Activity: Q4 2014 in Review

93 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2014, worth a combined $113M — down 13% from $131M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new GGN positions and 9 closed out — a net gain of 20 holders — while 23 added to existing stakes and 30 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $11.1M. The largest seller was Bank of America, cutting an estimated $12.8M.

  • 93 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2014, up from 75 in Q3 2014.
  • Funds reported $113M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2014, down 13% quarter-over-quarter.
  • 29 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2014 and 9 closed out, a net change of +20 holders.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2014 was Financial & Investment Management Group, an estimated $11.1M added.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2014 was Bank of America, an estimated $12.8M sold.

Based on aggregated 13F filings for Q4 2014.