GAMCO Global Gold, Natural Resources & Income Trust
GGN
86 hedge funds and large institutions have $67.1M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 11 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 26
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 87 → 86 (-1)
3.52% less ownership
Funds ownership: 12.58% → 9.06% (-3.5%)
15% less capital invested
Capital invested by funds: $79.3M → $67.1M (-$12.2M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$814K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$247K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$148K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$123K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.31M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.19M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.69M |
| 4 |
Millennium Management
New York
|
-$1.14M |
| 5 |
Citigroup
New York
|
-$1.03M |
GGN Hedge Fund Activity: Q2 2017 in Review
86 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2017, worth a combined $67.1M — down 15% from $79.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GGN and 10 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 29 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $814K. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $2.31M sold.
- 86 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2017, down from 87 in Q1 2017.
- Funds reported $67.1M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2017, down 15% quarter-over-quarter.
- 10 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2017 and 11 closed out, a net change of -1 holder.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2017 was Commonwealth Equity Services, an estimated $814K added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2017 was Bank of Nova Scotia, an estimated $2.31M sold.
Based on aggregated 13F filings for Q2 2017.