GAMCO Global Gold, Natural Resources & Income Trust
GGN
105 hedge funds and large institutions have $63.6M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 24 reducing their positions, and 20 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 24
64% more capital invested
Capital invested by funds: $38.7M → $63.6M (+$24.8M)
2.64% more ownership
Funds ownership: 8.55% → 11.18% (+2.6%)
9% less funds holding
Funds holding: 115 → 105 (-10)
50% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$4.31M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.67M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.57M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$475K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$449K |
| 3 |
CWA
Capital Wealth Alliance
Scottsdale,
Arizona
|
-$299K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$276K |
| 5 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$245K |
GGN Hedge Fund Activity: Q2 2020 in Review
105 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q2 2020, worth a combined $63.6M — up 64% from $38.7M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of GGN and 10 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 40 added.
The largest buyer was Cornerstone Advisors, adding an estimated $4.8M. The largest seller was Goldman Sachs, cutting an estimated $475K.
- 105 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q2 2020, down from 115 in Q1 2020.
- Funds reported $63.6M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q2 2020, up 64% quarter-over-quarter.
- 10 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q2 2020 and 20 closed out, a net change of -10 holders.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q2 2020 was Cornerstone Advisors, an estimated $4.8M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q2 2020 was Goldman Sachs, an estimated $475K sold.
Based on aggregated 13F filings for Q2 2020.