Gabelli Multimedia Trust
GGT
32 hedge funds and large institutions have $18.8M invested in Gabelli Multimedia Trust in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 5 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
15% more capital invested
Capital invested by funds: $16.4M → $18.8M (+$2.42M)
0.3% more ownership
Funds ownership: 8.5% → 8.79% (+0.3%)
6% less funds holding
Funds holding: 34 → 32 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$951K |
| 2 |
Morgan Stanley
New York
|
+$190K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$182K |
| 4 |
MHS
M Holdings Securities
Portland,
Oregon
|
+$124K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$120K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$570K |
| 2 |
CWM
Concert Wealth Management
San Jose,
California
|
-$203K |
| 3 |
LPL Financial
San Diego,
California
|
-$189K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$166K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$124K |
| 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 | – | – | – |
|
|
FDCDDQ
28
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $3.42K | – | – | – |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $2K | -$12.9K | -1,522 | -82% |
|
|
SFS
30
Shaker Financial Services
Arlington,
Virginia
| – | -$570K | -71,643 | Closed |
|
|
CWM
31
Concert Wealth Management
San Jose,
California
| – | -$203K | -28,266 | Closed |
|
|
CCP
32
Clough Capital Partners
Boston,
Massachusetts
| – | -$166K | -20,909 | Closed |
|
|
TJHA
33
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$124K | -15,654 | Closed |
|
|
CA
34
Cornerstone Advisors
Asheville,
North Carolina
| – | -$109K | -13,668 | Closed |
|
GGT Hedge Fund Activity: Q2 2017 in Review
32 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q2 2017, worth a combined $18.8M — up 15% from $16.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GGT and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 13 added.
The largest buyer was Invesco, adding an estimated $951K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $570K sold.
- 32 institutional investors held Gabelli Multimedia Trust (GGT) as of Q2 2017, down from 34 in Q1 2017.
- Funds reported $18.8M of Gabelli Multimedia Trust stock for Q2 2017, up 15% quarter-over-quarter.
- 3 funds opened new Gabelli Multimedia Trust positions in Q2 2017 and 5 closed out, a net change of -2 holders.
- The largest Gabelli Multimedia Trust buyer in Q2 2017 was Invesco, an estimated $951K added.
- The largest Gabelli Multimedia Trust seller in Q2 2017 was Shaker Financial Services, an estimated $570K sold.
Based on aggregated 13F filings for Q2 2017.