GAMCO Global Gold, Natural Resources & Income Trust
GGN
78 hedge funds and large institutions have $113M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2016 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 14 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
121% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 14
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
14% more capital invested
Capital invested by funds: $98.8M → $113M (+$13.8M)
10% more funds holding
Funds holding: 71 → 78 (+7)
2.22% more ownership
Funds ownership: 13.49% → 15.7% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.02M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.5M |
| 3 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
+$2.09M |
| 4 |
GIM
Guild Investment Management
Los Angeles,
California
|
+$1.74M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.8M |
| 2 |
Citigroup
New York
|
-$432K |
| 3 |
Millennium Management
New York
|
-$414K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$326K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$319K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ARMC
76
American Research & Management Company
Marion,
Massachusetts
| $3K | – | – | – |
|
77
Bessemer Group
Woodbridge,
New Jersey
| $3K | +$3.01K | +460 | New |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| $1K | +$570 | +87 | New |
|
|
79
Millennium Management
New York
| – | -$414K | -63,657 | Closed |
|
80
Citadel Advisors
Miami,
Florida
| – | -$147K | -22,620 | Closed |
|
81
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$58K | -9,000 | Closed |
|
|
VIA
82
Vantage Investment Advisors
State College,
Pennsylvania
| – | -$1K | -125 | Closed |
|
GGN Hedge Fund Activity: Q3 2016 in Review
78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q3 2016, worth a combined $113M — up 14% from $98.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GGN positions and 4 closed out — a net gain of 9 holders — while 31 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.02M. The largest seller was MSI Financial Services, cutting an estimated $1.8M.
- 78 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q3 2016, up from 71 in Q2 2016.
- Funds reported $113M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q3 2016, up 14% quarter-over-quarter.
- 13 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q3 2016 and 4 closed out, a net change of +9 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q3 2016 was Morgan Stanley, an estimated $5.02M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q3 2016 was MSI Financial Services, an estimated $1.8M sold.
Based on aggregated 13F filings for Q3 2016.