GAMCO Global Gold, Natural Resources & Income Trust
GGN
87 hedge funds and large institutions have $79.3M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 21 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 23
5.3% less ownership
Funds ownership: 17.88% → 12.58% (-5.3%)
7% less funds holding
Funds holding: 94 → 87 (-7)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
26% less capital invested
Capital invested by funds: $107M → $79.3M (-$27.7M)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.89M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.61M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$2.26M |
| 4 |
Millennium Management
New York
|
+$1.78M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$20.7M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$4.96M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.82M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.49M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$2.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
101
Next Financial Group
Houston,
Texas
| – | -$104K | -19,574 | Closed |
|
|
FIMG
102
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$54K | -10,248 | Closed |
|
|
AA
103
Ancora Advisors
Cleveland,
Ohio
| – | -$26K | -5,000 | Closed |
|
104
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$10.7K | -1,950 | -98% |
|
|
WT
105
Whittier Trust
South Pasadena,
California
| – | -$8K | -1,535 | Closed |
|
106
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$6K | -1,221 | Closed |
|
|
LA
107
Legacy Advisors
Plymouth Meeting,
Pennsylvania
| – | +$368 | +67 | New |
|
GGN Hedge Fund Activity: Q1 2017 in Review
87 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q1 2017, worth a combined $79.3M — down 26% from $107M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of GGN and 15 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 27 added.
The largest buyer was Morgan Stanley, adding an estimated $2.89M. The largest seller was UBS Group, cutting an estimated $20.7M.
- 87 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q1 2017, down from 94 in Q4 2016.
- Funds reported $79.3M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q1 2017, down 26% quarter-over-quarter.
- 15 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q1 2017 and 21 closed out, a net change of -6 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $2.89M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q1 2017 was UBS Group, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2017.