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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

94 hedge funds and large institutions have $107M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2016 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 8

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

21% more funds holding

Funds holding: 78 → 94 (+16)

2.18% more ownership

Funds ownership: 15.7% → 17.88% (+2.2%)

4% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 25

5% less capital invested

Capital invested by funds: $113M → $107M (-$5.52M)

Holders
94
Holders Change
+16
Holders Change %
+20.51%
% of All Funds
2.35%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
26
Increased
26
Reduced
25
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.81M
2
UBS Group
UBS Group
Switzerland
+$2.93M
3
DA
Doliver Advisors
Texas
+$2.79M
4
LCM
Laurion Capital Management
New York
+$2.56M
5
CA
Cornerstone Advisors
North Carolina
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.78M
2
Bank of America
Bank of America
North Carolina
-$1.37M
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$1.18M
4
CAN
Cetera Advisor Networks
California
-$622K
5
MFS
MSI Financial Services
Massachusetts
-$336K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$598K +$121K +20,919 +23%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$595K +$156K +27,001 +32%
CA
28
Cetera Advisors
Colorado
$565K -$175K -30,247 -22%
BTS
29
BB&T Securities
Virginia
$562K – – –
TC
30
TFS Capital
Pennsylvania
$537K +$585K +101,305 New
VKH
31
Virtu KCG Holdings
New York
$509K +$249K +43,002 +81%
SPIA
32
Steward Partners Investment Advisory
New York
$495K +$541K +93,536 New
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$475K +$349K +60,376 +207%
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$460K +$135K +23,298 +37%
EDRIA
35
Edmonds Duncan Registered Investment Advisors
Kansas
$456K +$4.72K +816 +1%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$409K +$15.6K +2,707 +4%
CCP
37
Clough Capital Partners
Massachusetts
$396K +$432K +74,800 New
BRWA
38
B. Riley Wealth Advisors
Florida
$382K -$138K -23,850 -25%
HH
39
Hilltop Holdings
Texas
$348K – – –
SBIA
40
Sheaff Brock Investment Advisors
Indiana
$301K +$143K +24,790 +78%
NL
41
NWAM LLC
Washington
$298K -$7.51K -1,300 -2%
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$265K – – –
IECM
43
Intrinsic Edge Capital Management
Illinois
$265K +$289K +50,000 New
Wells Fargo
44
Wells Fargo
California
$250K -$119K -20,584 -30%
AG
45
Advisor Group
Arizona
$242K +$23.3K +4,032 +10%
Creative Planning
46
Creative Planning
Kansas
$172K -$31.8K -5,507 -14%
AHC
47
Adell Harriman & Carpenter
Texas
$153K +$167K +28,900 New
N
48
Nuveen
North Carolina
$151K – – –
OIA
49
Optimum Investment Advisors
Illinois
$151K +$165K +28,500 New
FHA
50
Flagship Harbor Advisors
Massachusetts
$140K +$147K +25,423 New
1
2
3 4 5

GGN Hedge Fund Activity: Q4 2016 in Review

94 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2016, worth a combined $107M — down 4.9% from $113M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new GGN positions and 8 closed out — a net gain of 18 holders — while 26 added to existing stakes and 25 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.81M. The largest seller was Morgan Stanley, cutting an estimated $2.78M.

  • 94 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2016, up from 78 in Q3 2016.
  • Funds reported $107M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2016, down 4.9% quarter-over-quarter.
  • 26 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2016 and 8 closed out, a net change of +18 holders.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2016 was Rivernorth Capital Management, an estimated $3.81M added.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2016 was Morgan Stanley, an estimated $2.78M sold.

Based on aggregated 13F filings for Q4 2016.