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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

93 hedge funds and large institutions have $113M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

222% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

24% more funds holding

Funds holding: 75 → 93 (+18)

1.88% more ownership

Funds ownership: 13.29% → 15.17% (+1.9%)

13% less capital invested

Capital invested by funds: $131M → $113M (-$17.6M)

23% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 30

Holders
93
Holders Change
+18
Holders Change %
+24%
% of All Funds
2.48%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
29
Increased
23
Reduced
30
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$11.1M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$7.43M
3
RCM
Rivernorth Capital Management
Florida
+$3.43M
4
AGM
Alpine Global Management
New York
+$3.29M
5
WAM
Weiss Asset Management
Massachusetts
+$2.03M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$12.8M
2
Morgan Stanley
Morgan Stanley
New York
-$6.39M
3
GC
Guggenheim Capital
Illinois
-$2.49M
4
Citigroup
Citigroup
New York
-$475K
5
Invesco
Invesco
Georgia
-$312K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFA
76
Reilly Financial Advisors
California
$15K – – –
NFG
77
Next Financial Group
Texas
$14K -$29.3K -3,692 -65%
CAPTRUST Financial Advisors
78
CAPTRUST Financial Advisors
North Carolina
$13K +$14.5K +1,832 New
Thrivent Financial for Lutherans
79
Thrivent Financial for Lutherans
Minnesota
$12K – – –
BBHC
80
Brown Brothers Harriman & Co
New York
$8K +$8.72K +1,100 New
EFSCE
81
Enterprise Financial Services Corp (EFSC)
Missouri
$7K – – –
TDC
82
Thompson Davis & Co
Virginia
$7K – – –
MAA
83
Managed Account Advisors
New Jersey
$7K +$7.93K +1,000 New
BRWA
84
B. Riley Wealth Advisors
Florida
$5.22K +$569K +71,699 +88%
BFEC
85
Benjamin F. Edwards & Company
Missouri
$5K -$245K -30,958 -98%
SIA
86
Stancorp Investment Advisers
Oregon
$4K +$4.2K +530 New
GI
87
Gradient Investments
Minnesota
$4K +$4.21K +531 New
AA
88
AlphaMark Advisors
Kentucky
$3K – – –
GGPS
89
Gary Goldberg Planning Services
New York
$3K – – –
MAS
90
Madden Advisory Services
Florida
$3K +$127 +16 +4%
BIM
91
BlackRock Investment Management
Delaware
$3K +$3.43K +433 New
CFA
92
Carroll Financial Associates
North Carolina
$2K – – –
NHFG
93
New Harbor Financial Group
Massachusetts
$2K +$2.38K +300 New
Fifth Third Bancorp
94
Fifth Third Bancorp
Ohio
$1K – – –
GC
95
Guggenheim Capital
Illinois
– -$2.49M -269,645 Closed
JP Morgan Chase
96
JP Morgan Chase
New York
– -$229K -24,737 Closed
FAAS
97
First Allied Advisory Services
California
– -$159K -17,050 Closed
William Blair & Company
98
William Blair & Company
Illinois
– -$155K -16,800 Closed
BF
99
BOK Financial
Oklahoma
– -$106K -11,500 Closed
US Bancorp
100
US Bancorp
Minnesota
– -$56K -6,000 Closed
1 2 3
4
5

GGN Hedge Fund Activity: Q4 2014 in Review

93 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2014, worth a combined $113M — down 13% from $131M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new GGN positions and 9 closed out — a net gain of 20 holders — while 23 added to existing stakes and 30 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $11.1M. The largest seller was Bank of America, cutting an estimated $12.8M.

  • 93 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2014, up from 75 in Q3 2014.
  • Funds reported $113M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2014, down 13% quarter-over-quarter.
  • 29 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2014 and 9 closed out, a net change of +20 holders.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2014 was Financial & Investment Management Group, an estimated $11.1M added.
  • The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2014 was Bank of America, an estimated $12.8M sold.

Based on aggregated 13F filings for Q4 2014.