Gabelli Global Small and Mid-Cap Value Trust
GGZ
45 hedge funds and large institutions have $17.3M invested in Gabelli Global Small and Mid-Cap Value Trust in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 44 → 45 (+1)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
18.34% less ownership
Funds ownership: 38.52% → 20.18% (-18%)
45% less capital invested
Capital invested by funds: $31.4M → $17.3M (-$14.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$581K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$539K |
| 3 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$376K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$238K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$16M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$808K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$487K |
| 4 |
TSS
Two Sigma Securities
New York
|
-$117K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$109K |
GGZ Hedge Fund Activity: Q4 2015 in Review
45 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q4 2015, worth a combined $17.3M — down 45% from $31.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GGZ positions and 6 closed out — a net gain of 1 holder — while 12 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $581K. The largest seller was Karpus Investment Management, cutting an estimated $16M.
- 45 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q4 2015, up from 44 in Q3 2015.
- Funds reported $17.3M of Gabelli Global Small and Mid-Cap Value Trust stock for Q4 2015, down 45% quarter-over-quarter.
- 7 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q4 2015 and 6 closed out, a net change of +1 holder.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q4 2015 was Morgan Stanley, an estimated $581K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q4 2015 was Karpus Investment Management, an estimated $16M sold.
Based on aggregated 13F filings for Q4 2015.