GAMCO Global Gold, Natural Resources & Income Trust
GGN
97 hedge funds and large institutions have $60.6M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 15 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.7% less ownership
Funds ownership: 9.92% → 9.22% (-0.7%)
5% less funds holding
Funds holding: 102 → 97 (-5)
13% less capital invested
Capital invested by funds: $69.5M → $60.6M (-$8.88M)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.93M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$608K |
| 4 |
RCA
Rowland Carmichael Advisors
Scottsdale,
Arizona
|
+$193K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.5M |
| 2 |
Morgan Stanley
New York
|
-$2.49M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.94M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$809K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$720K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NPF
101
Norris Perne & French
Grand Rapids,
Michigan
| – | -$89K | -17,062 | Closed |
|
|
DWM
102
Destination Wealth Management
Walnut Creek,
California
| – | -$57K | -10,993 | Closed |
|
|
ABC
103
Associated Banc-Corp
Green Bay,
Wisconsin
| – | -$52K | -10,000 | Closed |
|
|
CA
104
Calton & Associates
Tampa,
Florida
| – | -$37K | -6,990 | Closed |
|
|
LYV
105
Live Your Vision
West Conshohocken,
Pennsylvania
| – | -$8K | -1,546 | Closed |
|
|
CT
106
CPF Texas
Plano,
Texas
| – | -$4K | -698 | Closed |
|
107
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | +$5 | +1 | New |
|
|
WF
108
WealthTrust Fairport
Cleveland,
Ohio
| – | +$118 | +23 | New |
|
|
SFM
109
Signet Financial Management
Parsippany,
New Jersey
| – | +$200 | +39 | New |
|
GGN Hedge Fund Activity: Q1 2018 in Review
97 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q1 2018, worth a combined $60.6M — down 13% from $69.5M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GGN and 10 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 35 added.
The largest buyer was Bank of America, adding an estimated $2.93M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $2.5M sold.
- 97 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q1 2018, down from 102 in Q4 2017.
- Funds reported $60.6M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q1 2018, down 13% quarter-over-quarter.
- 10 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q1 2018 and 15 closed out, a net change of -5 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q1 2018 was Bank of America, an estimated $2.93M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q1 2018 was Nine Masts Capital, an estimated $2.5M sold.
Based on aggregated 13F filings for Q1 2018.