GAMCO Global Gold, Natural Resources & Income Trust
GGN
75 hedge funds and large institutions have $131M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 12 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
1.11% more ownership
Funds ownership: 12.18% → 13.29% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 79 → 75 (-4)
8% less capital invested
Capital invested by funds: $143M → $131M (-$11.6M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$7.53M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.87M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.58M |
| 4 |
Morgan Stanley
New York
|
+$1.07M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$626K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.15M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$811K |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$520K |
| 4 |
LPL Financial
San Diego,
California
|
-$449K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$333K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
BNP Paribas Financial Markets
Paris,
France
| – | -$520K | -47,336 | Closed |
|
|
BTS
77
BB&T Securities
Richmond,
Virginia
| – | -$1.15M | -10,500 | Closed |
|
78
SG Americas Securities
New York
| – | -$110K | -9,995 | Closed |
|
79
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$42K | -3,832 | Closed |
|
80
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$26K | -2,400 | Closed |
|
|
CBT
81
Central Bank & Trust
Lexington,
Kentucky
| – | -$11K | -1,202 | Closed |
|
|
PFG
82
Piershale Financial Group
Barrington,
Illinois
| – | -$11K | -1,000 | Closed |
|
|
MIM
83
Macroview Investment Management
Bethesda,
Maryland
| – | -$3K | -300 | Closed |
|
|
NHFG
84
New Harbor Financial Group
Worcester,
Massachusetts
| – | -$3K | -300 | Closed |
|
85
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -230 | Closed |
|
86
First Manhattan
New York
| – | -$2K | -225 | Closed |
|
|
AC
87
Alexandria Capital
Arlington,
Virginia
| – | -$2K | -196 | Closed |
|
GGN Hedge Fund Activity: Q3 2014 in Review
75 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q3 2014, worth a combined $131M — down 8.1% from $143M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GGN and 8 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 30 added.
The largest buyer was UBS, adding an estimated $7.53M. The largest seller was BB&T Securities, exiting entirely with an estimated $1.15M sold.
- 75 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q3 2014, down from 79 in Q2 2014.
- Funds reported $131M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q3 2014, down 8.1% quarter-over-quarter.
- 8 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q3 2014 and 12 closed out, a net change of -4 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q3 2014 was UBS, an estimated $7.53M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q3 2014 was BB&T Securities, an estimated $1.15M sold.
Based on aggregated 13F filings for Q3 2014.