Gabelli Global Small and Mid-Cap Value Trust
GGZ
43 hedge funds and large institutions have $31.9M invested in Gabelli Global Small and Mid-Cap Value Trust in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.03% less ownership
Funds ownership: 30.5% → 28.47% (-2%)
9% less funds holding
Funds holding: 47 → 43 (-4)
14% less capital invested
Capital invested by funds: $37M → $31.9M (-$5.14M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$810K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$419K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$123K |
| 4 |
PMG
Private Management Group
Irvine,
California
|
+$84.9K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$50.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$1.42M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$668K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$511K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$317K |
| 5 |
Morgan Stanley
New York
|
-$192K |
GGZ Hedge Fund Activity: Q2 2019 in Review
43 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q2 2019, worth a combined $31.9M — down 14% from $37M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GGZ and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $810K. The largest seller was Lazard Asset Management, exiting entirely with an estimated $1.42M sold.
- 43 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q2 2019, down from 47 in Q1 2019.
- Funds reported $31.9M of Gabelli Global Small and Mid-Cap Value Trust stock for Q2 2019, down 14% quarter-over-quarter.
- 5 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q2 2019 and 7 closed out, a net change of -2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q2 2019 was Shaker Financial Services, an estimated $810K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q2 2019 was Lazard Asset Management, an estimated $1.42M sold.
Based on aggregated 13F filings for Q2 2019.