Clough Global Opportunities Fund
GLO
46 hedge funds and large institutions have $70.3M invested in Clough Global Opportunities Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 14 closing their positions.
4.65% more ownership
Funds ownership: 15.2% → 19.85% (+4.6%)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
16% less capital invested
Capital invested by funds: $84M → $70.3M (-$13.7M)
16% less funds holding
Funds holding: 55 → 46 (-9)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$907K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$619K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$508K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$459K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$400K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.58M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.29M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$2.42M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.64M |
| 5 |
SCM
Saba Capital Management
New York
|
-$1.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSAM
51
Moloney Securities Asset Management
Manchester,
Missouri
| – | -$417K | -38,948 | Closed |
|
|
CA
52
Cornerstone Advisors
Asheville,
North Carolina
| – | -$409K | -38,200 | Closed |
|
53
Millennium Management
New York
| – | -$389K | -36,377 | Closed |
|
|
FSA
54
Franklin Street Advisors
Chapel Hill,
North Carolina
| – | -$230K | -21,486 | Closed |
|
|
SPIA
55
Steward Partners Investment Advisory
New York
| – | -$196K | -18,390 | Closed |
|
|
GWS
56
Glassman Wealth Services
Vienna,
Virginia
| – | -$182K | -16,972 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$155K | -14,540 | Closed |
|
|
FAAS
58
First Allied Advisory Services
San Diego,
California
| – | -$150K | -13,959 | Closed |
|
|
BBPWM
59
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$23K | -2,200 | Closed |
|
|
SWP
60
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$20K | -1,883 | Closed |
|
GLO Hedge Fund Activity: Q2 2018 in Review
46 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Clough Global Opportunities Fund (GLO) for Q2 2018, worth a combined $70.3M — down 16% from $84M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GLO and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 16 added.
The largest buyer was Royal Bank of Canada, adding an estimated $907K. The largest seller was Rivernorth Capital Management, cutting an estimated $5.58M.
- 46 institutional investors held Clough Global Opportunities Fund (GLO) as of Q2 2018, down from 55 in Q1 2018.
- Funds reported $70.3M of Clough Global Opportunities Fund stock for Q2 2018, down 16% quarter-over-quarter.
- 6 funds opened new Clough Global Opportunities Fund positions in Q2 2018 and 14 closed out, a net change of -8 holders.
- The largest Clough Global Opportunities Fund buyer in Q2 2018 was Royal Bank of Canada, an estimated $907K added.
- The largest Clough Global Opportunities Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $5.58M sold.
Based on aggregated 13F filings for Q2 2018.