GAMCO Global Gold, Natural Resources & Income Trust
GGN
120 hedge funds and large institutions have $54.5M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 36 reducing their positions, and 11 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 36
8% more capital invested
Capital invested by funds: $50.5M → $54.5M (+$3.95M)
0.12% more ownership
Funds ownership: 9.32% → 9.44% (+0.12%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 122 → 120 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$640K |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$508K |
| 3 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$425K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$399K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Walleye Capital
New York
|
-$431K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$422K |
| 3 |
JP Morgan Chase
New York
|
-$241K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$215K |
| 5 |
PA
Pinnacle Associates
New York
|
-$210K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
126
Two Sigma Securities
New York
| – | -$58.9K | -16,090 | Closed |
|
127
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$37.3K | -10,181 | Closed |
|
|
MA
128
Mutual Advisors
Omaha,
Nebraska
| – | -$37.2K | -10,152 | Closed |
|
|
ASN
129
Advisory Services Network
Atlanta,
Georgia
| – | -$31.3K | -8,556 | Closed |
|
|
PTC
130
Private Trust Company
Cleveland,
Ohio
| – | -$26.7K | -7,300 | Closed |
|
|
WAM
131
Wolverine Asset Management
Chicago,
Illinois
| – | -$25K | -6,833 | Closed |
|
|
BAM
132
Belpointe Asset Management
Reno,
Nevada
| – | -$3.03K | -828 | Closed |
|
GGN Hedge Fund Activity: Q2 2023 in Review
120 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2023, worth a combined $54.5M — up 7.8% from $50.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GGN and 10 opened new positions — a net loss of 1 holder — while 36 trimmed existing stakes and 40 added.
The largest buyer was Wells Fargo, adding an estimated $640K. The largest seller was Walleye Capital, exiting entirely with an estimated $431K sold.
- 120 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2023, down from 122 in Q1 2023.
- Funds reported $54.5M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2023, up 7.8% quarter-over-quarter.
- 10 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2023 and 11 closed out, a net change of -1 holder.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2023 was Wells Fargo, an estimated $640K added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2023 was Walleye Capital, an estimated $431K sold.
Based on aggregated 13F filings for Q2 2023.