GAMCO Global Gold, Natural Resources & Income Trust
GGN
128 hedge funds and large institutions have $56.1M invested in GAMCO Global Gold, Natural Resources & Income Trust in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 29 reducing their positions, and 16 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 29
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
1% less funds holding
Funds holding: 129 → 128 (-1)
1.97% less ownership
Funds ownership: 11.4% → 9.43% (-2%)
15% less capital invested
Capital invested by funds: $66.1M → $56.1M (-$10M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.67M |
| 2 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$752K |
| 3 |
LPL Financial
San Diego,
California
|
+$717K |
| 4 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
+$429K |
| 5 |
PI
PFG Investments
Woodbury,
New York
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.6M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.96M |
| 3 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
-$796K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$565K |
| 5 |
CWA
Capital Wealth Alliance
Scottsdale,
Arizona
|
-$517K |
GGN Hedge Fund Activity: Q1 2024 in Review
128 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in GAMCO Global Gold, Natural Resources & Income Trust (GGN) for Q1 2024, worth a combined $56.1M — down 15% from $66.1M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GGN positions and 16 closed out — a net gain of 1 holder — while 39 added to existing stakes and 29 trimmed.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $1.67M. The largest seller was Morgan Stanley, cutting an estimated $10.6M.
- 128 institutional investors held GAMCO Global Gold, Natural Resources & Income Trust (GGN) as of Q1 2024, down from 129 in Q4 2023.
- Funds reported $56.1M of GAMCO Global Gold, Natural Resources & Income Trust stock for Q1 2024, down 15% quarter-over-quarter.
- 17 funds opened new GAMCO Global Gold, Natural Resources & Income Trust positions in Q1 2024 and 16 closed out, a net change of +1 holder.
- The largest GAMCO Global Gold, Natural Resources & Income Trust buyer in Q1 2024 was Cetera Investment Advisers, an estimated $1.67M added.
- The largest GAMCO Global Gold, Natural Resources & Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2024.