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GGN

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
86
Holders Change
-1
Holders Change %
-1.15%
% of All Funds
2.14%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
10
Increased
29
Reduced
26
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$814K
2
Invesco
Invesco
Georgia
+$247K
3
TSS
Two Sigma Securities
New York
+$148K
4
Citadel Advisors
Citadel Advisors
Florida
+$123K
5
BTS
BB&T Securities
Virginia
+$110K

Top Sellers

Rank Fund Capital Flow
1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$2.31M
2
Bank of America
Bank of America
North Carolina
-$2.19M
3
LPL Financial
LPL Financial
California
-$1.69M
4
Millennium Management
Millennium Management
New York
-$1.14M
5
Citigroup
Citigroup
New York
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAS
51
Brown Advisory Securities
Maryland
$79K – – –
MSAM
52
Moloney Securities Asset Management
Missouri
$74K +$75.7K +13,350 New
Brown Advisory
53
Brown Advisory
Maryland
$70K -$3.18K -560 -4%
MWM
54
Merriman Wealth Management
Washington
$66K +$68.1K +12,000 New
Bank of New York Mellon
55
Bank of New York Mellon
New York
$66K +$68.2K +12,021 New
WP
56
WealthPLAN Partners
Nebraska
$64K +$66.2K +11,677 New
GCIA
57
Gabelli & Co Investment Advisers
New York
$59K +$1.58K +279 +3%
CFN
58
Cordasco Financial Network
Florida
$53K -$4.54K -801 -8%
Manulife (Manufacturers Life Insurance)
59
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$42K +$36K +6,355 +530%
GAM
60
Gemmer Asset Management
California
$41K – – –
GWM
61
Geneos Wealth Management
Colorado
$38K -$2.05K -362 -5%
AIM
62
Advantage Investment Management
Iowa
$28K – – –
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$20K – – –
GWS
64
Glassman Wealth Services
Virginia
$20K +$539 +95 +3%
RFA
65
Reilly Financial Advisors
California
$17K – – –
BWP
66
Baldwin Wealth Partners
Massachusetts
$14K – – –
BFEC
67
Benjamin F. Edwards & Company
Missouri
$10K +$4.68K +825 +83%
CPA
68
Clear Perspective Advisors
Illinois
$10K +$10.8K +1,905 New
WB
69
Webster Bank
Connecticut
$9K – – –
LYV
70
Live Your Vision
Pennsylvania
$8K +$289 +51 +4%
Bank of Montreal
71
Bank of Montreal
Ontario, Canada
$6K – – –
EFSCE
72
Enterprise Financial Services Corp (EFSC)
Missouri
$6K – – –
KTC
73
Kistler-Tiffany Companies
Pennsylvania
$6K – – –
OC
74
Oakworth Capital
Alabama
$6K – – –
TDC
75
Thompson Davis & Co
Virginia
$6K – – –
1 2
3
4

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.