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GGT

Gabelli Multimedia Trust
GGT

45 hedge funds and large institutions have $33.1M invested in Gabelli Multimedia Trust in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

37% more capital invested

Capital invested by funds: $24.2M → $33.1M (+$8.9M)

10% more funds holding

Funds holding: 41 → 45 (+4)

0.55% more ownership

Funds ownership: 10.92% → 11.46% (+0.55%)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

Holders
45
Holders Change
+4
Holders Change %
+9.76%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
7
Increased
12
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CWM
Cornerstone Wealth Management
Missouri
+$684K
2
GI
GAMCO Investors
Connecticut
+$455K
3
CAN
Claraphi Advisory Network
United States
+$403K
4
LPL Financial
LPL Financial
California
+$304K
5
KFA
Kelleher Financial Advisors
New York
+$176K

Top Sellers

Rank Fund Capital Flow
1
FAAS
First Allied Advisory Services
California
-$429K
2
Invesco
Invesco
Georgia
-$175K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$101K
4
Wells Fargo
Wells Fargo
California
-$61K
5
William Blair & Company
William Blair & Company
Illinois
-$50.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
QCIG
26
Quad-Cities Investment Group
Iowa
$70K +$70.5K +7,574 New
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$65K +$2.94K +316 +5%
IA
28
IFP Advisors
Florida
$38K +$18.9K +2,030 +98%
GWM
29
Geneos Wealth Management
Colorado
$31K – – –
BCM
30
Brasada Capital Management
Texas
$19K +$18.9K +2,030 New
RCAG
31
Rehmann Capital Advisory Group
Michigan
$18.8K – – –
ASN
32
Advisory Services Network
Georgia
$15K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$15K – – –
IP
34
Isthmus Partners
Wisconsin
$12K – – –
TFS
35
TrustCore Financial Services
Tennessee
$12K +$140 +15 +1%
Deutsche Bank
36
Deutsche Bank
Germany
$8K – – –
FDCDDQ
37
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.61K – – –
CA
38
Centerpoint Advisors
Massachusetts
$3K – – –
CCM
39
Covington Capital Management
California
$3K +$56 +6 +2%
CIBC Private Wealth Group
40
CIBC Private Wealth Group
Georgia
$2K – – –
PMFA
41
Plante Moran Financial Advisors
Michigan
$2K +$65 +7 +3%
B
42
Bridgeworth
Alabama
$2K +$2.84K +305 New
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
– -$101K -11,102 Closed
SWP
44
Stratos Wealth Partners
Ohio
– -$24K -2,595 Closed
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
– -$9K -1,015 Closed
FIA
46
FNY Investment Advisers
New York
– +$9 +1 New
1
2

GGT Hedge Fund Activity: Q2 2018 in Review

45 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q2 2018, worth a combined $33.1M — up 37% from $24.2M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GGT positions and 3 closed out — a net gain of 4 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $684K. The largest seller was First Allied Advisory Services, cutting an estimated $429K.

  • 45 institutional investors held Gabelli Multimedia Trust (GGT) as of Q2 2018, up from 41 in Q1 2018.
  • Funds reported $33.1M of Gabelli Multimedia Trust stock for Q2 2018, up 37% quarter-over-quarter.
  • 7 funds opened new Gabelli Multimedia Trust positions in Q2 2018 and 3 closed out, a net change of +4 holders.
  • The largest Gabelli Multimedia Trust buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $684K added.
  • The largest Gabelli Multimedia Trust seller in Q2 2018 was First Allied Advisory Services, an estimated $429K sold.

Based on aggregated 13F filings for Q2 2018.