Gabelli Global Small and Mid-Cap Value Trust
GGZ
48 hedge funds and large institutions have $13M invested in Gabelli Global Small and Mid-Cap Value Trust in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 12 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
3.16% less ownership
Funds ownership: 18.24% → 15.09% (-3.2%)
6% less funds holding
Funds holding: 51 → 48 (-3)
16% less capital invested
Capital invested by funds: $15.4M → $13M (-$2.42M)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$670K |
| 2 |
Morgan Stanley
New York
|
+$536K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$471K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$418K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$331K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.05M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$747K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$251K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$162K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$135K |
GGZ Hedge Fund Activity: Q4 2014 in Review
48 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q4 2014, worth a combined $13M — down 16% from $15.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GGZ and 10 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was Bank of America, adding an estimated $670K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.05M sold.
- 48 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q4 2014, down from 51 in Q3 2014.
- Funds reported $13M of Gabelli Global Small and Mid-Cap Value Trust stock for Q4 2014, down 16% quarter-over-quarter.
- 10 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q4 2014 and 12 closed out, a net change of -2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q4 2014 was Bank of America, an estimated $670K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q4 2014 was Karpus Investment Management, an estimated $4.05M sold.
Based on aggregated 13F filings for Q4 2014.