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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

87 hedge funds and large institutions have $79.3M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

5.3% less ownership

Funds ownership: 17.88% → 12.58% (-5.3%)

7% less funds holding

Funds holding: 94 → 87 (-7)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

26% less capital invested

Capital invested by funds: $107M → $79.3M (-$27.7M)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

Holders
87
Holders Change
-7
Holders Change %
-7.45%
% of All Funds
2.17%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
15
Increased
27
Reduced
23
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.89M
2
Bank of America
Bank of America
North Carolina
+$2.61M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$2.26M
4
Millennium Management
Millennium Management
New York
+$1.78M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$631K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$20.7M
2
VIA
Vident Investment Advisory
Georgia
-$4.96M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$4.82M
4
RCM
Rivernorth Capital Management
Florida
-$3.49M
5
LCM
Laurion Capital Management
New York
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$424K -$58.9K -10,724 -12%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$407K -$24.7K -4,493 -6%
HH
28
Hilltop Holdings
Texas
$367K – – –
MML Investors Services
29
MML Investors Services
Massachusetts
$366K +$359K +65,387 New
Franklin Resources
30
Franklin Resources
California
$357K +$354K +64,469 New
Ameriprise
31
Ameriprise
Minnesota
$337K +$330K +60,152 New
Wells Fargo
32
Wells Fargo
California
$305K +$40.3K +7,333 +16%
NL
33
NWAM LLC
Washington
$304K -$10.4K -1,900 -3%
AG
34
Advisor Group
Arizona
$300K +$45K +8,203 +18%
BRWA
35
B. Riley Wealth Advisors
Florida
$280K -$120K -21,907 -30%
OIA
36
Optimum Investment Advisors
Illinois
$228K +$67K +12,200 +43%
STMM
37
South Texas Money Management
Texas
$224K +$220K +40,000 New
Creative Planning
38
Creative Planning
Kansas
$187K +$5.02K +914 +3%
AIA
39
Allegis Investment Advisors
Idaho
$170K +$69.8K +12,708 +72%
Stifel Financial
40
Stifel Financial
Missouri
$156K +$15.3K +2,792 +11%
FHA
41
Flagship Harbor Advisors
Massachusetts
$147K +$2.84K +518 +2%
N
42
Nuveen
North Carolina
$126K -$32.9K -6,000 -21%
HCM
43
Highlander Capital Management
New Jersey
$122K +$120K +21,800 New
PVWM
44
Point View Wealth Management
New Jersey
$120K – – –
PAG
45
Private Advisor Group
New Jersey
$116K +$49.4K +9,000 +76%
AHC
46
Adell Harriman & Carpenter
Texas
$115K -$45.6K -8,300 -29%
ABC
47
Associated Banc-Corp
Wisconsin
$112K – – –
IA
48
IFP Advisors
Florida
$95K -$29.2K -5,318 -24%
HPC
49
HM Payson & Co
Maine
$84K – – –
BAS
50
Brown Advisory Securities
Maryland
$79K +$22K +4,000 +39%
1
2
3 4 5

GGN Hedge Fund Activity: Q1 2017 in Review

87 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q1 2017, worth a combined $79.3M — down 26% from $107M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of GGN and 15 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 27 added.

The largest buyer was Morgan Stanley, adding an estimated $2.89M. The largest seller was UBS Group, cutting an estimated $20.7M.

  • 87 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q1 2017, down from 94 in Q4 2016.
  • Funds reported $79.3M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q1 2017, down 26% quarter-over-quarter.
  • 15 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q1 2017 and 21 closed out, a net change of -6 holders.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $2.89M added.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q1 2017 was UBS Group, an estimated $20.7M sold.

Based on aggregated 13F filings for Q1 2017.