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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$11.1M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$7.43M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.43M |
| 4 |
AGM
Alpine Global Management
New York
|
+$3.29M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$12.8M |
| 2 |
Morgan Stanley
New York
|
-$6.39M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.49M |
| 4 |
Citigroup
New York
|
-$475K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$312K |
GGN Hedge Fund Activity: Q4 2014 in Review
93 of the 3,749 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.