GAMCO Global Gold, Natural Resources & Income Trust
GGN
71 hedge funds and large institutions have $98.8M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 19 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
20% more capital invested
Capital invested by funds: $82.5M → $98.8M (+$16.3M)
0.73% less ownership
Funds ownership: 14.22% → 13.49% (-0.73%)
7% less funds holding
Funds holding: 76 → 71 (-5)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.56M |
| 2 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
+$4.32M |
| 3 |
Morgan Stanley
New York
|
+$2.13M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.57M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$7.01M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$3.77M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$3.59M |
| 4 |
AGM
Alpine Global Management
New York
|
-$2.91M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.36M |
GGN Hedge Fund Activity: Q2 2016 in Review
71 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2016, worth a combined $98.8M — up 20% from $82.5M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of GGN and 14 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 25 added.
The largest buyer was Bank of Montreal, adding an estimated $5.56M. The largest seller was Financial & Investment Management Group, cutting an estimated $7.01M.
- 71 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2016, down from 76 in Q1 2016.
- Funds reported $98.8M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2016, up 20% quarter-over-quarter.
- 14 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2016 and 19 closed out, a net change of -5 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2016 was Bank of Montreal, an estimated $5.56M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2016 was Financial & Investment Management Group, an estimated $7.01M sold.
Based on aggregated 13F filings for Q2 2016.