Gabelli Multimedia Trust
GGT
34 hedge funds and large institutions have $16.4M invested in Gabelli Multimedia Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 7 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
1.48% less ownership
Funds ownership: 9.97% → 8.5% (-1.5%)
5% less capital invested
Capital invested by funds: $17.3M → $16.4M (-$902K)
8% less funds holding
Funds holding: 37 → 34 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$751K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$360K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$357K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$217K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFA
Kelleher Financial Advisors
New York
|
-$3.08M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.01M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$243K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$115K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$113K |
GGT Hedge Fund Activity: Q1 2017 in Review
34 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q1 2017, worth a combined $16.4M — down 5.2% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GGT and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $751K. The largest seller was Kelleher Financial Advisors, cutting an estimated $3.08M.
- 34 institutional investors held Gabelli Multimedia Trust (GGT) as of Q1 2017, down from 37 in Q4 2016.
- Funds reported $16.4M of Gabelli Multimedia Trust stock for Q1 2017, down 5.2% quarter-over-quarter.
- 5 funds opened new Gabelli Multimedia Trust positions in Q1 2017 and 7 closed out, a net change of -2 holders.
- The largest Gabelli Multimedia Trust buyer in Q1 2017 was Morgan Stanley, an estimated $751K added.
- The largest Gabelli Multimedia Trust seller in Q1 2017 was Kelleher Financial Advisors, an estimated $3.08M sold.
Based on aggregated 13F filings for Q1 2017.