Gabelli Global Small and Mid-Cap Value Trust
GGZ
55 hedge funds and large institutions have $38.5M invested in Gabelli Global Small and Mid-Cap Value Trust in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
4% more funds holding
Funds holding: 53 → 55 (+2)
0.27% less ownership
Funds ownership: 41.88% → 41.61% (-0.27%)
7% less capital invested
Capital invested by funds: $41.3M → $38.5M (-$2.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$712K |
| 2 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$570K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$435K |
| 4 |
Morgan Stanley
New York
|
+$362K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
-$714K |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$657K |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$652K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$622K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCFS
51
First Command Financial Services
Fort Worth,
Texas
| $1K | +$1.09K | +87 | New |
|
|
52
HSBC Holdings
London,
United Kingdom
| – | -$657K | -51,580 | Closed |
|
|
BFM
53
Boothbay Fund Management
New York
| – | -$652K | -51,183 | Closed |
|
|
WAM
54
Weiss Asset Management
Boston,
Massachusetts
| – | -$229K | -17,945 | Closed |
|
|
SIA
55
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$204K | -15,979 | Closed |
|
|
GBT
56
Grove Bank & Trust
Miami,
Florida
| – | -$2K | -135 | Closed |
|
|
TC
57
Trilogy Capital
Irvine,
California
| – | +$438 | +35 | New |
|
GGZ Hedge Fund Activity: Q1 2018 in Review
55 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q1 2018, worth a combined $38.5M — down 6.7% from $41.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GGZ positions and 6 closed out — a net gain of 2 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Cornerstone Advisors, adding an estimated $712K. The largest seller was Knightsbridge Asset Management, cutting an estimated $714K.
- 55 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q1 2018, up from 53 in Q4 2017.
- Funds reported $38.5M of Gabelli Global Small and Mid-Cap Value Trust stock for Q1 2018, down 6.7% quarter-over-quarter.
- 8 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q1 2018 and 6 closed out, a net change of +2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q1 2018 was Cornerstone Advisors, an estimated $712K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q1 2018 was Knightsbridge Asset Management, an estimated $714K sold.
Based on aggregated 13F filings for Q1 2018.