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GGT

Gabelli Multimedia Trust
GGT

36 hedge funds and large institutions have $23.8M invested in Gabelli Multimedia Trust in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $19.5M → $23.8M (+$4.29M)

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

2.6% more ownership

Funds ownership: 10.88% → 13.47% (+2.6%)

10% less funds holding

Funds holding: 40 → 36 (-4)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
36
Holders Change
-4
Holders Change %
-10%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
13
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.45M
2
CA
Cornerstone Advisors
North Carolina
+$1.13M
3
Citigroup
Citigroup
New York
+$914K
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$827K
5
DA
Doliver Advisors
Texas
+$338K

Top Sellers

Rank Fund Capital Flow
1
SG Americas Securities
SG Americas Securities
New York
-$390K
2
WAM
Weiss Asset Management
Massachusetts
-$173K
3
Wells Fargo
Wells Fargo
California
-$141K
4
KFA
Kelleher Financial Advisors
New York
-$135K
5
Squarepoint
Squarepoint
New York
-$110K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFS
26
MSI Financial Services
Massachusetts
$67K +$3.29K +480 +5%
JIC
27
Joel Isaacson & Co
New York
$64K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$18K -$12.6K -1,834 -43%
ASN
29
Advisory Services Network
Georgia
$13K – – –
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$7K -$6.18K -903 -47%
Deutsche Bank
31
Deutsche Bank
Germany
$6K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$6K +$1.84K +269 +61%
GWM
33
Geneos Wealth Management
Colorado
$2K +$2.26K +330 New
BBPWM
34
Blue Bell Private Wealth Management
Pennsylvania
$1K -$2.67K -390 -78%
CK
35
Carnick & Kubik
Colorado
$1K +$698 +102 New
SG Americas Securities
36
SG Americas Securities
New York
– -$390K -52,788 Closed
WAM
37
Weiss Asset Management
Massachusetts
– -$173K -23,394 Closed
Squarepoint
38
Squarepoint
New York
– -$110K -14,819 Closed
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
– -$109K -14,803 Closed
VKH
40
Virtu KCG Holdings
New York
– -$102K -13,814 Closed
IA
41
IFP Advisors
Florida
– -$15K -2,069 Closed
TRCT
42
Tower Research Capital (TRC)
New York
– -$3K -340 Closed
1
2

GGT Hedge Fund Activity: Q1 2016 in Review

36 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q1 2016, worth a combined $23.8M — up 22% from $19.5M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of GGT and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 13 added.

The largest buyer was Shaker Financial Services, adding an estimated $1.45M. The largest seller was SG Americas Securities, exiting entirely with an estimated $390K sold.

  • 36 institutional investors held Gabelli Multimedia Trust (GGT) as of Q1 2016, down from 40 in Q4 2015.
  • Funds reported $23.8M of Gabelli Multimedia Trust stock for Q1 2016, up 22% quarter-over-quarter.
  • 4 funds opened new Gabelli Multimedia Trust positions in Q1 2016 and 8 closed out, a net change of -4 holders.
  • The largest Gabelli Multimedia Trust buyer in Q1 2016 was Shaker Financial Services, an estimated $1.45M added.
  • The largest Gabelli Multimedia Trust seller in Q1 2016 was SG Americas Securities, an estimated $390K sold.

Based on aggregated 13F filings for Q1 2016.