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GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

85 hedge funds and large institutions have $96.3M 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.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

9% more funds holding

Funds holding: 78 → 85 (+7)

2.75% more ownership

Funds ownership: 10.72% → 13.46% (+2.7%)

3% more capital invested

Capital invested by funds: $93.6M → $96.3M (+$2.68M)

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)

Holders
85
Holders Change
+7
Holders Change %
+8.97%
% of All Funds
2.47%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
18
Reduced
31
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$6.74M
2
SG Americas Securities
SG Americas Securities
New York
+$3.96M
3
MIG
Mariner Investment Group
New York
+$2.98M
4
CA
Cornerstone Advisors
North Carolina
+$2.57M
5
RCM
Rivernorth Capital Management
Florida
+$2.26M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$3.18M
2
AA
Apriem Advisors
California
-$1.89M
3
U
UBS
Switzerland
-$1.58M
4
GC
Guggenheim Capital
Illinois
-$850K
5
Wells Fargo
Wells Fargo
California
-$648K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$15M -$3.18M -321,819 -16%
Bank of America
2
Bank of America
North Carolina
$13.9M +$6.74M +681,396 +79%
LPL Financial
3
LPL Financial
California
$4.81M -$586K -59,191 -10%
Invesco
4
Invesco
Georgia
$4.49M -$81.7K -8,254 -2%
GC
5
Guggenheim Capital
Illinois
$4.48M -$850K -85,892 -15%
U
6
UBS
Switzerland
$4.33M -$1.58M -159,307 -25%
SG Americas Securities
7
SG Americas Securities
New York
$3.61M +$3.96M +399,815 New
Citigroup
8
Citigroup
New York
$2.84M +$1.03M +104,063 +49%
MIG
9
Mariner Investment Group
New York
$2.71M +$2.98M +300,700 New
RJA
10
Raymond James & Associates
Florida
$2.36M -$550K -55,539 -18%
CA
11
Cornerstone Advisors
North Carolina
$2.35M +$2.57M +260,121 New
RCM
12
Rivernorth Capital Management
Florida
$2.06M +$2.26M +228,100 New
WAM
13
Weiss Asset Management
Massachusetts
$2.03M +$2.22M +224,688 New
BNP Paribas Financial Markets
14
BNP Paribas Financial Markets
France
$1.94M +$2.01M +202,751 +1,575%
NES
15
New England Securities
New York
$1.85M +$2.35K +238 +0.1%
WAM
16
Wolverine Asset Management
Illinois
$1.57M +$1.72M +174,202 New
DADC
17
D.A. Davidson & Co
Montana
$1.48M -$2.87K -290 -0.2%
AA
18
Apriem Advisors
California
$1.44M -$1.89M -190,950 -54%
BTS
19
BB&T Securities
Virginia
$1.44M -$356K -35,960 -69%
OA
20
Oxbow Advisors
Texas
$1.4M +$1.54M +155,365 New
CFN
21
Cordasco Financial Network
Florida
$1.3M +$1.43M +144,608 New
Wells Fargo
22
Wells Fargo
California
$1.21M -$648K -65,493 -33%
CAN
23
Cetera Advisor Networks
California
$1.21M +$730K +73,739 +123%
VKH
24
Virtu KCG Holdings
New York
$1.08M +$808K +81,635 +213%
AGM
25
Alpine Global Management
New York
$1.07M +$1.18M +119,000 New
1
2 3 4

GGN Hedge Fund Activity: Q4 2013 in Review

85 of the 3,445 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 $96.3M — up 2.9% from $93.6M 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 $96.3M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2013, up 2.9% 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.