Gabelli Multimedia Trust
GGT
34 hedge funds and large institutions have $16.4M invested in Gabelli Multimedia Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 7 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
1.48% less ownership
Funds ownership: 9.97% → 8.5% (-1.5%)
5% less capital invested
Capital invested by funds: $17.3M → $16.4M (-$902K)
8% less funds holding
Funds holding: 37 → 34 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$751K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$360K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$357K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$217K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFA
Kelleher Financial Advisors
New York
|
-$3.08M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.01M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$243K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$115K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$113K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
26
Advisory Services Network
Atlanta,
Georgia
| $14K | +$13.3K | +1,732 | New |
|
|
IP
27
Isthmus Partners
Madison,
Wisconsin
| $10K | – | – | – |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| $8K | – | – | – |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $7K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | -$968 | -126 | -16% |
|
|
FDCDDQ
31
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $3.08K | +$2.98K | +388 | New |
|
|
LCM
32
Landscape Capital Management
Englewood,
New Jersey
| – | -$113K | -15,821 | Closed |
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$110K | -15,358 | Closed |
|
|
WAM
34
Weiss Asset Management
Boston,
Massachusetts
| – | -$92K | -12,934 | Closed |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$83K | -11,685 | Closed |
|
|
DA
36
Doliver Advisors
Houston,
Texas
| – | -$78K | -10,861 | Closed |
|
|
NFG
37
Next Financial Group
Houston,
Texas
| – | -$8K | -1,106 | Closed |
|
|
BBPWM
38
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$2K | -157 | Closed |
|
GGT Hedge Fund Activity: Q1 2017 in Review
34 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q1 2017, worth a combined $16.4M — down 5.2% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GGT and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $751K. The largest seller was Kelleher Financial Advisors, cutting an estimated $3.08M.
- 34 institutional investors held Gabelli Multimedia Trust (GGT) as of Q1 2017, down from 37 in Q4 2016.
- Funds reported $16.4M of Gabelli Multimedia Trust stock for Q1 2017, down 5.2% quarter-over-quarter.
- 5 funds opened new Gabelli Multimedia Trust positions in Q1 2017 and 7 closed out, a net change of -2 holders.
- The largest Gabelli Multimedia Trust buyer in Q1 2017 was Morgan Stanley, an estimated $751K added.
- The largest Gabelli Multimedia Trust seller in Q1 2017 was Kelleher Financial Advisors, an estimated $3.08M sold.
Based on aggregated 13F filings for Q1 2017.