GAMCO Global Gold, Natural Resources & Income Trust
GGN
85 hedge funds and large institutions have $95.4M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 18 increasing their positions, 31 reducing their positions, and 13 closing their positions.
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
9% more funds holding
Funds holding: 78 → 85 (+7)
8% more capital invested
Capital invested by funds: $88.6M → $95.4M (+$6.72M)
2.75% more ownership
Funds ownership: 10.72% → 13.46% (+2.7%)
42% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 31
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$6.74M |
| 2 |
SG Americas Securities
New York
|
+$3.96M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.98M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.57M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.18M |
| 2 |
AA
Apriem Advisors
Irvine,
California
|
-$1.89M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$1.58M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$850K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$648K |
GGN Hedge Fund Activity: Q4 2013 in Review
85 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2013, worth a combined $95.4M — up 7.6% from $88.6M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new GGN positions and 13 closed out — a net gain of 8 holders — while 18 added to existing stakes and 31 trimmed.
The largest buyer was Bank of America, adding an estimated $6.74M. The largest seller was Morgan Stanley, cutting an estimated $3.18M.
- 85 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2013, up from 78 in Q3 2013.
- Funds reported $95.4M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2013, up 7.6% quarter-over-quarter.
- 21 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2013 and 13 closed out, a net change of +8 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2013 was Bank of America, an estimated $6.74M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2013 was Morgan Stanley, an estimated $3.18M sold.
Based on aggregated 13F filings for Q4 2013.