Gabelli Multimedia Trust
GGT
34 hedge funds and large institutions have $25M invested in Gabelli Multimedia Trust in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 4 closing their positions.
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
89% more capital invested
Capital invested by funds: $13.2M → $25M (+$11.7M)
17% more funds holding
Funds holding: 29 → 34 (+5)
7.34% more ownership
Funds ownership: 7.48% → 14.82% (+7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.91M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.04M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.88M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.57M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DMAM
Del Mar Asset Management
New York
|
-$923K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$330K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$292K |
| 4 |
CWM
Concert Wealth Management
San Jose,
California
|
-$48.7K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$18.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $9K | – | – | – |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $8K | – | – | – |
|
|
NES
28
New England Securities
New York
| $8K | – | – | – |
|
29
Creative Planning
Overland Park,
Kansas
| $6K | +$1.29K | +134 | +24% |
|
|
PMFA
30
Plante Moran Financial Advisors
Southfield,
Michigan
| $3K | -$6.49K | -676 | -67% |
|
31
US Bancorp
Minneapolis,
Minnesota
| $3K | +$596 | +62 | +28% |
|
|
PFSC
32
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $2K | – | – | – |
|
|
DADC
33
D.A. Davidson & Co
Great Falls,
Montana
| $1K | – | – | – |
|
|
NFG
34
Next Financial Group
Houston,
Texas
| $1K | – | – | – |
|
|
DMAM
35
Del Mar Asset Management
New York
| – | -$923K | -94,700 | Closed |
|
|
TC
36
TFS Capital
West Chester,
Pennsylvania
| – | -$330K | -33,906 | Closed |
|
|
SFS
37
Shaker Financial Services
Arlington,
Virginia
| – | -$292K | -30,003 | Closed |
|
GGT Hedge Fund Activity: Q3 2014 in Review
34 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q3 2014, worth a combined $25M — up 89% from $13.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GGT positions and 4 closed out — a net gain of 5 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.91M. The largest seller was Del Mar Asset Management, exiting entirely with an estimated $923K sold.
- 34 institutional investors held Gabelli Multimedia Trust (GGT) as of Q3 2014, up from 29 in Q2 2014.
- Funds reported $25M of Gabelli Multimedia Trust stock for Q3 2014, up 89% quarter-over-quarter.
- 9 funds opened new Gabelli Multimedia Trust positions in Q3 2014 and 4 closed out, a net change of +5 holders.
- The largest Gabelli Multimedia Trust buyer in Q3 2014 was Morgan Stanley, an estimated $2.91M added.
- The largest Gabelli Multimedia Trust seller in Q3 2014 was Del Mar Asset Management, an estimated $923K sold.
Based on aggregated 13F filings for Q3 2014.