GAMCO Global Gold, Natural Resources & Income Trust
GGN
81 hedge funds and large institutions have $105M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 22 reducing their positions, and 16 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 22
11% more capital invested
Capital invested by funds: $95.4M → $105M (+$10.1M)
0.16% more ownership
Funds ownership: 13.46% → 13.62% (+0.16%)
5% less funds holding
Funds holding: 85 → 81 (-4)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$8.86M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$3.52M |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$3.25M |
| 4 |
Morgan Stanley
New York
|
+$3.22M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$3.61M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.71M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.06M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.03M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.57M |
GGN Hedge Fund Activity: Q1 2014 in Review
81 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q1 2014, worth a combined $105M — up 11% from $95.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of GGN and 13 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 29 added.
The largest buyer was Oxbow Advisors, adding an estimated $8.86M. The largest seller was SG Americas Securities, exiting entirely with an estimated $3.61M sold.
- 81 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q1 2014, down from 85 in Q4 2013.
- Funds reported $105M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q1 2014, up 11% quarter-over-quarter.
- 13 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q1 2014 and 16 closed out, a net change of -3 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q1 2014 was Oxbow Advisors, an estimated $8.86M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q1 2014 was SG Americas Securities, an estimated $3.61M sold.
Based on aggregated 13F filings for Q1 2014.