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GGZ

Gabelli Global Small and Mid-Cap Value Trust
GGZ

53 hedge funds and large institutions have $40.4M invested in Gabelli Global Small and Mid-Cap Value Trust in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $38.5M → $40.4M (+$1.83M)

4% less funds holding

Funds holding: 55 → 53 (-2)

9.3% less ownership

Funds ownership: 41.61% → 32.31% (-9.3%)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

50% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 18

Holders
53
Holders Change
-2
Holders Change %
-3.64%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
9
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$372K
2
Bank of America
Bank of America
North Carolina
+$324K
3
RJA
Raymond James & Associates
Florida
+$307K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$304K
5
LCM
Landscape Capital Management
New Jersey
+$193K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$212K
2
UBS Group
UBS Group
Switzerland
-$156K
3
Geode Capital Management
Geode Capital Management
Massachusetts
-$59.4K
4
MC
Matisse Capital
Oregon
-$58.1K
5
KAM
Knightsbridge Asset Management
California
-$46K
Name Holding Trade Value Shares
Change 		Change in
Stake
6M
26
6 Meridian
Kansas
$161K -$14.5K -1,199 -8%
UBS Group
27
UBS Group
Switzerland
$28K -$156K -12,842 -85%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$16K – – –
WAP
29
Wealthcare Advisory Partners
Pennsylvania
$15K – – –
NSIM
30
North Star Investment Management
Illinois
$13K -$1.21K -100 -8%
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$13K – – –
SPIA
32
Steward Partners Investment Advisory
New York
$7K – – –
AG
33
Advisor Group
Arizona
$5K – – –
IA
34
IFP Advisors
Florida
$4K -$182 -15 -4%
QCIG
35
Quad-Cities Investment Group
Iowa
$4K +$3.96K +327 New
US Bancorp
36
US Bancorp
Minnesota
$3K – – –
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$3K +$2.54K +210 New
SWM
38
SeaCrest Wealth Management
New York
$2K -$339 -28 -16%
SF
39
Synovus Financial
Georgia
$2K – – –
WTC
40
WhitTier Trust Company
Nevada
$2K – – –
CF
41
Centaurus Financial
California
$2K +$1.71K +141 New
SEI Investments
42
SEI Investments
Pennsylvania
$2K +$1.96K +162 New
Citigroup
43
Citigroup
New York
$1K – – –
CB
44
Community Bank
New York
$1K – – –
FCB
45
First Command Bank
Texas
$1K – – –
FCFS
46
First Command Financial Services
Texas
$1K – – –
FWM
47
Focused Wealth Management
New York
$1K – – –
IBOK
48
Independence Bank of Kentucky
Kentucky
$1K – – –
WT
49
Washington Trust
Rhode Island
$1K +$1.21K +100 New
TDC
50
Thompson Davis & Co
Virginia
– -$24K -2,000 Closed
1
2
3

GGZ Hedge Fund Activity: Q2 2018 in Review

53 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q2 2018, worth a combined $40.4M — up 4.7% from $38.5M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of GGZ and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 9 added.

The largest buyer was Shaker Financial Services, adding an estimated $372K. The largest seller was Morgan Stanley, cutting an estimated $212K.

  • 53 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q2 2018, down from 55 in Q1 2018.
  • Funds reported $40.4M of Gabelli Global Small and Mid-Cap Value Trust stock for Q2 2018, up 4.7% quarter-over-quarter.
  • 6 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q2 2018 and 7 closed out, a net change of -1 holder.
  • The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q2 2018 was Shaker Financial Services, an estimated $372K added.
  • The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q2 2018 was Morgan Stanley, an estimated $212K sold.

Based on aggregated 13F filings for Q2 2018.