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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

79 hedge funds and large institutions have $143M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more capital invested

Capital invested by funds: $107M → $143M (+$35.4M)

1.44% less ownership

Funds ownership: 13.62% → 12.18% (-1.4%)

2% less funds holding

Funds holding: 81 → 79 (-2)

11% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 28

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
2.27%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
9
Increased
25
Reduced
28
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
+$13.2M
2
U
UBS
Switzerland
+$11.9M
3
Bank of America
Bank of America
North Carolina
+$3.04M
4
IMS
Index Management Solutions
Pennsylvania
+$1.46M
5
PWM
Perigon Wealth Management
California
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$1.52M
2
CA
Cornerstone Advisors
North Carolina
-$1.48M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.08M
4
GC
Guggenheim Capital
Illinois
-$1.02M
5
AGM
Alpine Global Management
New York
-$869K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
76
Alexandria Capital
Virginia
$2K -$2.02K -195 -50%
CFA
77
Carroll Financial Associates
North Carolina
$2K – – –
First Manhattan
78
First Manhattan
New York
$2K – – –
Fifth Third Bancorp
79
Fifth Third Bancorp
Ohio
$2K +$1.41K +136 +13,600%
FIMG
80
Financial & Investment Management Group
Michigan
– -$1.52M -153,610 Closed
CA
81
Cornerstone Advisors
North Carolina
– -$1.48M -148,664 Closed
AGM
82
Alpine Global Management
New York
– -$869K -87,617 Closed
SFSIG
83
San Francisco Sentry Investment Group
California
– -$791K -79,747 Closed
VKH
84
Virtu KCG Holdings
New York
– -$210K -21,190 Closed
PI
85
Placemark Investments
Illinois
– -$116K -11,727 Closed
Goldman Sachs
86
Goldman Sachs
New York
– -$116K -11,649 Closed
Northern Trust
87
Northern Trust
Illinois
– -$106K -10,704 Closed
ICOA
88
Investment Centers of America
North Dakota
– -$112K -10,475 Closed
Barclays
89
Barclays
United Kingdom
– -$44K -4,891 Closed
TRCT
90
Tower Research Capital (TRC)
New York
– -$24K -2,386 Closed
1 2 3
4

GGN Hedge Fund Activity: Q2 2014 in Review

79 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2014, worth a combined $143M — up 33% from $107M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of GGN and 9 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 25 added.

The largest buyer was Oxbow Advisors, adding an estimated $13.2M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $1.52M sold.

  • 79 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2014, down from 81 in Q1 2014.
  • Funds reported $143M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2014, up 33% quarter-over-quarter.
  • 9 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2014 and 11 closed out, a net change of -2 holders.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2014 was Oxbow Advisors, an estimated $13.2M added.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2014 was Financial & Investment Management Group, an estimated $1.52M sold.

Based on aggregated 13F filings for Q2 2014.