Gabelli Global Small and Mid-Cap Value Trust
GGZ
37 hedge funds and large institutions have $19.4M invested in Gabelli Global Small and Mid-Cap Value Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 9 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
2.27% less ownership
Funds ownership: 30.03% → 27.76% (-2.3%)
10% less funds holding
Funds holding: 41 → 37 (-4)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
43% less capital invested
Capital invested by funds: $34.3M → $19.4M (-$14.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$624K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$527K |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$484K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$420K |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.4M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.12M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$915K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$596K |
| 5 |
Morgan Stanley
New York
|
-$516K |
GGZ Hedge Fund Activity: Q1 2020 in Review
37 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q1 2020, worth a combined $19.4M — down 43% from $34.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GGZ and 7 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 13 added.
The largest buyer was Stifel Financial, adding an estimated $624K. The largest seller was Cornerstone Advisors, cutting an estimated $1.4M.
- 37 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q1 2020, down from 41 in Q4 2019.
- Funds reported $19.4M of Gabelli Global Small and Mid-Cap Value Trust stock for Q1 2020, down 43% quarter-over-quarter.
- 7 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q1 2020 and 9 closed out, a net change of -2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q1 2020 was Stifel Financial, an estimated $624K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q1 2020 was Cornerstone Advisors, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2020.