GAMCO Global Gold, Natural Resources & Income Trust
GGN
105 hedge funds and large institutions have $63.6M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 24 reducing their positions, and 20 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 24
64% more capital invested
Capital invested by funds: $38.7M → $63.6M (+$24.8M)
2.51% more ownership
Funds ownership: 8.67% → 11.18% (+2.5%)
9% less funds holding
Funds holding: 116 → 105 (-11)
55% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$4.31M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.67M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.57M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$475K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$449K |
| 3 |
CWA
Capital Wealth Alliance
Scottsdale,
Arizona
|
-$299K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$276K |
| 5 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$245K |
GGN Hedge Fund Activity: Q2 2020 in Review
105 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2020, worth a combined $63.6M — up 64% from $38.7M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of GGN and 9 opened new positions — a net loss of 11 holders — while 24 trimmed existing stakes and 41 added.
The largest buyer was Cornerstone Advisors, adding an estimated $4.8M. The largest seller was Goldman Sachs, cutting an estimated $475K.
- 105 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2020, down from 116 in Q1 2020.
- Funds reported $63.6M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2020, up 64% quarter-over-quarter.
- 9 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2020 and 20 closed out, a net change of -11 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2020 was Cornerstone Advisors, an estimated $4.8M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2020 was Goldman Sachs, an estimated $475K sold.
Based on aggregated 13F filings for Q2 2020.