Gabelli Global Small and Mid-Cap Value Trust
GGZ
41 hedge funds and large institutions have $30.2M invested in Gabelli Global Small and Mid-Cap Value Trust in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 8 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0.3% less ownership
Funds ownership: 28.47% → 28.17% (-0.3%)
5% less funds holding
Funds holding: 43 → 41 (-2)
5% less capital invested
Capital invested by funds: $31.9M → $30.2M (-$1.65M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.06M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$437K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$370K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$315K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$302K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.46M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$620K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$151K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$135K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$103K |
GGZ Hedge Fund Activity: Q3 2019 in Review
41 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Gabelli Global Small and Mid-Cap Value Trust (GGZ) for Q3 2019, worth a combined $30.2M — down 5.2% from $31.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GGZ and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.06M. The largest seller was Morgan Stanley, cutting an estimated $2.46M.
- 41 institutional investors held Gabelli Global Small and Mid-Cap Value Trust (GGZ) as of Q3 2019, down from 43 in Q2 2019.
- Funds reported $30.2M of Gabelli Global Small and Mid-Cap Value Trust stock for Q3 2019, down 5.2% quarter-over-quarter.
- 6 funds opened new Gabelli Global Small and Mid-Cap Value Trust positions in Q3 2019 and 8 closed out, a net change of -2 holders.
- The largest Gabelli Global Small and Mid-Cap Value Trust buyer in Q3 2019 was Shaker Financial Services, an estimated $1.06M added.
- The largest Gabelli Global Small and Mid-Cap Value Trust seller in Q3 2019 was Morgan Stanley, an estimated $2.46M sold.
Based on aggregated 13F filings for Q3 2019.