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GGT

Gabelli Multimedia Trust
GGT

37 hedge funds and large institutions have $14.5M invested in Gabelli Multimedia Trust in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

4.2% less ownership

Funds ownership: 12.07% → 7.87% (-4.2%)

10% less funds holding

Funds holding: 41 → 37 (-4)

29% less capital invested

Capital invested by funds: $20.4M → $14.5M (-$5.9M)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
37
Holders Change
-4
Holders Change %
-9.76%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
10
Reduced
11
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$225K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$145K
3
SBIA
Sheaff Brock Investment Advisors
Indiana
+$144K
4
KFA
Kelleher Financial Advisors
New York
+$138K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$119K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$2.34M
2
Citigroup
Citigroup
New York
-$1.73M
3
CA
Cornerstone Advisors
North Carolina
-$1.1M
4
DA
Doliver Advisors
Texas
-$632K
5
RJA
Raymond James & Associates
Florida
-$533K
Name Holding Trade Value Shares
Change 		Change in
Stake
BBPWM
26
Blue Bell Private Wealth Management
Pennsylvania
$27K +$25.2K +3,395 +3,031%
IA
27
IFP Advisors
Florida
$21K – – –
Fifth Third Bancorp
28
Fifth Third Bancorp
Ohio
$17K – – –
GWM
29
Geneos Wealth Management
Colorado
$14K +$11.3K +1,522 +461%
ASN
30
Advisory Services Network
Georgia
$13K – – –
IP
31
Isthmus Partners
Wisconsin
$10K +$9.75K +1,316 New
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$9K +$163 +22 +2%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$8K – – –
Deutsche Bank
34
Deutsche Bank
Germany
$6K – – –
SFS
35
Shaker Financial Services
Virginia
– -$2.34M -337,293 Closed
CA
36
Cornerstone Advisors
North Carolina
– -$1.1M -159,084 Closed
DA
37
Doliver Advisors
Texas
– -$632K -90,193 Closed
RJA
38
Raymond James & Associates
Florida
– -$533K -76,736 Closed
LCM
39
Landscape Capital Management
New Jersey
– -$444K -63,923 Closed
CRC
40
Curi RMB Capital
Illinois
– -$381K -54,790 Closed
MC
41
Matisse Capital
Oregon
– -$101K -14,613 Closed
TC
42
TFS Capital
Pennsylvania
– -$82K -11,762 Closed
OTC
43
Opera Trading Capital
France
– -$79K -11,410 Closed
PWAG
44
Polaris Wealth Advisory Group
California
– -$71K -10,150 Closed
JIC
45
Joel Isaacson & Co
New York
– -$62K -8,907 Closed
CB
46
Community Bank
New York
– +$207 +28 New
1
2

GGT Hedge Fund Activity: Q3 2016 in Review

37 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q3 2016, worth a combined $14.5M — down 29% from $20.4M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of GGT and 7 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 10 added.

The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $225K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.34M sold.

  • 37 institutional investors held Gabelli Multimedia Trust (GGT) as of Q3 2016, down from 41 in Q2 2016.
  • Funds reported $14.5M of Gabelli Multimedia Trust stock for Q3 2016, down 29% quarter-over-quarter.
  • 7 funds opened new Gabelli Multimedia Trust positions in Q3 2016 and 11 closed out, a net change of -4 holders.
  • The largest Gabelli Multimedia Trust buyer in Q3 2016 was Janney Montgomery Scott, an estimated $225K added.
  • The largest Gabelli Multimedia Trust seller in Q3 2016 was Shaker Financial Services, an estimated $2.34M sold.

Based on aggregated 13F filings for Q3 2016.