Gabelli Global Small and Mid-Cap Value Trust
GGZ
51 hedge funds and large institutions have $15.4M invested in Gabelli Global Small and Mid-Cap Value Trust in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 13 closing their positions.
12% more capital invested
Capital invested by funds: $13.8M → $15.4M (+$1.61M)
2.7% more ownership
Funds ownership: 15.54% → 18.24% (+2.7%)
4% less funds holding
Funds holding: 53 → 51 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.15M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$766K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$193K |
| 4 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$189K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$997K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$570K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$455K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$450K |
| 5 |
PWP
Private Wealth Partners
Mill Valley,
California
|
-$440K |
GGZ Hedge Fund Activity: Q3 2014 in Review
51 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q3 2014, worth a combined $15.4M — up 12% from $13.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GGZ and 11 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 13 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.15M. The largest seller was Cohen & Steers, exiting entirely with an estimated $997K sold.
- 51 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q3 2014, down from 53 in Q2 2014.
- Funds reported $15.4M of Gabelli Global Small and Mid-Cap Value Trust stock for Q3 2014, up 12% quarter-over-quarter.
- 11 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q3 2014 and 13 closed out, a net change of -2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q3 2014 was Karpus Investment Management, an estimated $4.15M added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q3 2014 was Cohen & Steers, an estimated $997K sold.
Based on aggregated 13F filings for Q3 2014.