GAMCO Global Gold, Natural Resources & Income Trust
GGN
120 hedge funds and large institutions have $68M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2020 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 33 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
18% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 33
8% more capital invested
Capital invested by funds: $63.2M → $68M (+$4.8M)
7% more funds holding
Funds holding: 112 → 120 (+8)
0.5% more ownership
Funds ownership: 11.21% → 11.71% (+0.5%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.68M |
| 2 |
Morgan Stanley
New York
|
+$975K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$631K |
| 4 |
RCA
Rowland Carmichael Advisors
Scottsdale,
Arizona
|
+$517K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$485K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.83M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.46M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.43M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$999K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$620K |
GGN Hedge Fund Activity: Q4 2020 in Review
120 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2020, worth a combined $68M — up 7.6% from $63.2M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GGN positions and 10 closed out — a net gain of 8 holders — while 39 added to existing stakes and 33 trimmed.
The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $4.68M. The largest seller was Bank of Montreal, exiting entirely with an estimated $1.83M sold.
- 120 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2020, up from 112 in Q3 2020.
- Funds reported $68M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2020, up 7.6% quarter-over-quarter.
- 18 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2020 and 10 closed out, a net change of +8 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2020 was Cornerstone Advisors, an estimated $4.68M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2020 was Bank of Montreal, an estimated $1.83M sold.
Based on aggregated 13F filings for Q4 2020.