GAMCO Global Gold, Natural Resources & Income Trust
GGN
94 hedge funds and large institutions have $107M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2016 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 8 closing their positions.
225% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 8
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more funds holding
Funds holding: 78 → 94 (+16)
2.18% more ownership
Funds ownership: 15.7% → 17.88% (+2.2%)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
5% less capital invested
Capital invested by funds: $113M → $107M (-$5.52M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.81M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.93M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.79M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$2.56M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.78M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.37M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.18M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$622K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$336K |
GGN Hedge Fund Activity: Q4 2016 in Review
94 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q4 2016, worth a combined $107M — down 4.9% from $113M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new GGN positions and 8 closed out — a net gain of 18 holders — while 26 added to existing stakes and 25 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.81M. The largest seller was Morgan Stanley, cutting an estimated $2.78M.
- 94 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q4 2016, up from 78 in Q3 2016.
- Funds reported $107M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q4 2016, down 4.9% quarter-over-quarter.
- 26 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q4 2016 and 8 closed out, a net change of +18 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q4 2016 was Rivernorth Capital Management, an estimated $3.81M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q4 2016 was Morgan Stanley, an estimated $2.78M sold.
Based on aggregated 13F filings for Q4 2016.