Gabelli Global Small and Mid-Cap Value Trust
GGZ
45 hedge funds and large institutions have $31.1M invested in Gabelli Global Small and Mid-Cap Value Trust in 2018 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 10 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
1.74% less ownership
Funds ownership: 32.53% → 30.79% (-1.7%)
15% less funds holding
Funds holding: 53 → 45 (-8)
24% less capital invested
Capital invested by funds: $40.9M → $31.1M (-$9.85M)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$861K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$631K |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$494K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$361K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.75M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.39M |
| 3 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$590K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$336K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$304K |
GGZ Hedge Fund Activity: Q4 2018 in Review
45 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q4 2018, worth a combined $31.1M — down 24% from $40.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GGZ and 2 opened new positions — a net loss of 8 holders — while 7 trimmed existing stakes and 19 added.
The largest buyer was Matisse Capital, adding an estimated $861K. The largest seller was Morgan Stanley, cutting an estimated $2.75M.
- 45 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q4 2018, down from 53 in Q3 2018.
- Funds reported $31.1M of Gabelli Global Small and Mid-Cap Value Trust stock for Q4 2018, down 24% quarter-over-quarter.
- 2 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q4 2018 and 10 closed out, a net change of -8 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q4 2018 was Matisse Capital, an estimated $861K added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q4 2018 was Morgan Stanley, an estimated $2.75M sold.
Based on aggregated 13F filings for Q4 2018.