Gabelli Multimedia Trust
GGT
44 hedge funds and large institutions have $30.6M invested in Gabelli Multimedia Trust in 2024 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.
42% more capital invested
Capital invested by funds: $21.5M → $30.6M (+$9.05M)
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
7.71% more ownership
Funds ownership: 14.33% → 22.04% (+7.7%)
4% less funds holding
Funds holding: 46 → 44 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.84M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.52M |
| 3 |
QL
Quarry LP
New York
|
+$1.32M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$546K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$2.32M |
| 2 |
AGM
Alpine Global Management
New York
|
-$1.7M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$1.7M |
| 4 |
CCC
Cable Car Capital
San Francisco,
California
|
-$536K |
| 5 |
LPL Financial
San Diego,
California
|
-$248K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$1.12K | -220 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$654 | -122 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | -$5 | -1 | Closed |
|
GGT Hedge Fund Activity: Q3 2024 in Review
44 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q3 2024, worth a combined $30.6M — up 42% from $21.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GGT and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Sit Investment Associates, adding an estimated $9.84M. The largest seller was Gabelli & Co Investment Advisers, exiting entirely with an estimated $2.32M sold.
- 44 institutional investors held Gabelli Multimedia Trust (GGT) as of Q3 2024, down from 46 in Q2 2024.
- Funds reported $30.6M of Gabelli Multimedia Trust stock for Q3 2024, up 42% quarter-over-quarter.
- 7 funds opened new Gabelli Multimedia Trust positions in Q3 2024 and 9 closed out, a net change of -2 holders.
- The largest Gabelli Multimedia Trust buyer in Q3 2024 was Sit Investment Associates, an estimated $9.84M added.
- The largest Gabelli Multimedia Trust seller in Q3 2024 was Gabelli & Co Investment Advisers, an estimated $2.32M sold.
Based on aggregated 13F filings for Q3 2024.