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GGZ

Gabelli Global Small and Mid-Cap Value Trust
GGZ

45 hedge funds and large institutions have $17.3M invested in Gabelli Global Small and Mid-Cap Value Trust in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 44 → 45 (+1)

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

18.34% less ownership

Funds ownership: 38.52% → 20.18% (-18%)

45% less capital invested

Capital invested by funds: $31.4M → $17.3M (-$14.1M)

Holders
45
Holders Change
+1
Holders Change %
+2.27%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
12
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$581K
2
GCIA
Gabelli & Co Investment Advisers
New York
+$539K
3
KAM
Knightsbridge Asset Management
California
+$376K
4
RJA
Raymond James & Associates
Florida
+$238K
5
RCM
Rivernorth Capital Management
Florida
+$184K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$16M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$808K
3
GI
GAMCO Investors
Connecticut
-$487K
4
TSS
Two Sigma Securities
New York
-$117K
5
VKH
Virtu KCG Holdings
New York
-$109K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
26
Tower Research Capital (TRC)
New York
$8K +$5.09K +493 +188%
NSIM
27
North Star Investment Management
Illinois
$7K -$18.8K -1,817 -72%
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$7K – – –
IA
29
IFP Advisors
Florida
$7K +$7.37K +714 New
AIG
30
American International Group
New York
$6K -$2.35K -228 -26%
PFBT
31
Parkside Financial Bank & Trust
Missouri
$5K – – –
PMFA
32
Plante Moran Financial Advisors
Michigan
$5K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$5K +$444 +43 +8%
BBHC
34
Brown Brothers Harriman & Co
New York
$4K – – –
Creative Planning
35
Creative Planning
Kansas
$3K -$516 -50 -17%
US Bancorp
36
US Bancorp
Minnesota
$3K – – –
MFS
37
MSI Financial Services
Massachusetts
$3K +$630 +61 +31%
WTC
38
WhitTier Trust Company
Nevada
$2K – – –
FCCM
39
First City Capital Management
Georgia
$1.25K – – –
DADC
40
D.A. Davidson & Co
Montana
$1K – – –
FWM
41
Focused Wealth Management
New York
$1K – – –
AIA
42
Allegis Investment Advisors
Idaho
$1K +$681 +66 New
TSS
43
Two Sigma Securities
New York
– -$117K -11,758 Closed
VKH
44
Virtu KCG Holdings
New York
– -$109K -10,973 Closed
GC
45
Guggenheim Capital
Illinois
– -$102K -10,294 Closed
Citigroup
46
Citigroup
New York
– -$4.87K -472 -96%
CG
47
Colony Group
Massachusetts
– -$1K -138 Closed
MPWT
48
MassMutual Private Wealth & Trust
Connecticut
– -$1.02K -100 Closed
UFA
49
US Financial Advisors
Massachusetts
– +$341 +33 New
1
2

GGZ Hedge Fund Activity: Q4 2015 in Review

45 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q4 2015, worth a combined $17.3M — down 45% from $31.4M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GGZ positions and 6 closed out — a net gain of 1 holder — while 12 added to existing stakes and 14 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $581K. The largest seller was Karpus Investment Management, cutting an estimated $16M.

  • 45 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q4 2015, up from 44 in Q3 2015.
  • Funds reported $17.3M of Gabelli Global Small and Mid-Cap Value Trust stock for Q4 2015, down 45% quarter-over-quarter.
  • 7 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q4 2015 and 6 closed out, a net change of +1 holder.
  • The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q4 2015 was Morgan Stanley, an estimated $581K added.
  • The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q4 2015 was Karpus Investment Management, an estimated $16M sold.

Based on aggregated 13F filings for Q4 2015.