Gabelli Multimedia Trust
GGT
37 hedge funds and large institutions have $14.5M invested in Gabelli Multimedia Trust in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 11 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
4.2% less ownership
Funds ownership: 12.07% → 7.87% (-4.2%)
10% less funds holding
Funds holding: 41 → 37 (-4)
29% less capital invested
Capital invested by funds: $20.4M → $14.5M (-$5.9M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$225K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$145K |
| 3 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$144K |
| 4 |
KFA
Kelleher Financial Advisors
New York
|
+$138K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.34M |
| 2 |
Citigroup
New York
|
-$1.73M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.1M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$632K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$533K |
GGT Hedge Fund Activity: Q3 2016 in Review
37 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q3 2016, worth a combined $14.5M — down 29% from $20.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GGT and 7 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $225K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.34M sold.
- 37 institutional investors held Gabelli Multimedia Trust (GGT) as of Q3 2016, down from 41 in Q2 2016.
- Funds reported $14.5M of Gabelli Multimedia Trust stock for Q3 2016, down 29% quarter-over-quarter.
- 7 funds opened new Gabelli Multimedia Trust positions in Q3 2016 and 11 closed out, a net change of -4 holders.
- The largest Gabelli Multimedia Trust buyer in Q3 2016 was Janney Montgomery Scott, an estimated $225K added.
- The largest Gabelli Multimedia Trust seller in Q3 2016 was Shaker Financial Services, an estimated $2.34M sold.
Based on aggregated 13F filings for Q3 2016.