Gabelli Multimedia Trust
GGT
36 hedge funds and large institutions have $23.8M invested in Gabelli Multimedia Trust in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 8 closing their positions.
22% more capital invested
Capital invested by funds: $19.5M → $23.8M (+$4.29M)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
2.6% more ownership
Funds ownership: 10.88% → 13.47% (+2.6%)
10% less funds holding
Funds holding: 40 → 36 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.45M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.13M |
| 3 |
Citigroup
New York
|
+$914K |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$827K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$390K |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$173K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$141K |
| 4 |
KFA
Kelleher Financial Advisors
New York
|
-$135K |
| 5 |
Squarepoint
New York
|
-$110K |
GGT Hedge Fund Activity: Q1 2016 in Review
36 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q1 2016, worth a combined $23.8M — up 22% from $19.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GGT and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.45M. The largest seller was SG Americas Securities, exiting entirely with an estimated $390K sold.
- 36 institutional investors held Gabelli Multimedia Trust (GGT) as of Q1 2016, down from 40 in Q4 2015.
- Funds reported $23.8M of Gabelli Multimedia Trust stock for Q1 2016, up 22% quarter-over-quarter.
- 4 funds opened new Gabelli Multimedia Trust positions in Q1 2016 and 8 closed out, a net change of -4 holders.
- The largest Gabelli Multimedia Trust buyer in Q1 2016 was Shaker Financial Services, an estimated $1.45M added.
- The largest Gabelli Multimedia Trust seller in Q1 2016 was SG Americas Securities, an estimated $390K sold.
Based on aggregated 13F filings for Q1 2016.