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GLO

Clough Global Opportunities Fund
GLO

60 hedge funds and large institutions have $203M invested in Clough Global Opportunities Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.65% more ownership

Funds ownership: 40.32% → 43.97% (+3.7%)

1% more capital invested

Capital invested by funds: $201M → $203M (+$1.76M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

12% less funds holding

Funds holding: 68 → 60 (-8)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
60
Holders Change
-8
Holders Change %
-11.76%
% of All Funds
1.5%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
8
Increased
21
Reduced
21
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$17M
2
RCM
Rivernorth Capital Management
Florida
+$7.67M
3
KIM
Karpus Investment Management
New York
+$6.3M
4
UBS Group
UBS Group
Switzerland
+$1.13M
5
ZIG
Zuckerman Investment Group
Illinois
+$922K

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$7.07M
2
Bank of America
Bank of America
North Carolina
-$4.56M
3
CRC
Curi RMB Capital
Illinois
-$1.85M
4
Cohen & Steers
Cohen & Steers
New York
-$1.55M
5
GC
Guggenheim Capital
Illinois
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$52.4M +$7.67M +847,676 +17%
Bank of America
2
Bank of America
North Carolina
$26.5M -$4.56M -504,495 -15%
SCM
3
Saba Capital Management
New York
$17M +$17M +1,880,608 +7,749%
UBS Group
4
UBS Group
Switzerland
$13.5M +$1.13M +124,763 +9%
Lazard Asset Management
5
Lazard Asset Management
New York
$11.7M -$128K -14,171 -1%
1CP
6
1607 Capital Partners
Virginia
$11.6M -$29.7K -3,280 -0.3%
KIM
7
Karpus Investment Management
New York
$8.66M +$6.3M +696,165 +257%
AAM
8
Advisors Asset Management
Colorado
$7.96M -$747K -82,617 -8%
Morgan Stanley
9
Morgan Stanley
New York
$6.49M -$240K -26,515 -4%
MC
10
Matisse Capital
Oregon
$5.63M +$323K +35,655 +6%
Wells Fargo
11
Wells Fargo
California
$4.89M -$429K -47,421 -8%
GC
12
Guggenheim Capital
Illinois
$4.28M -$1.11M -122,853 -20%
RJA
13
Raymond James & Associates
Florida
$3.97M -$502K -55,480 -11%
VIA
14
Vident Investment Advisory
Georgia
$3.85M +$268K +29,587 +7%
Invesco
15
Invesco
Georgia
$2.55M -$555K -61,311 -18%
Cohen & Steers
16
Cohen & Steers
New York
$2.54M -$1.55M -171,667 -38%
FIMG
17
Financial & Investment Management Group
Michigan
$2.45M +$811K +89,662 +49%
DA
18
Doliver Advisors
Texas
$1.76M -$590K -65,183 -25%
SFS
19
Shaker Financial Services
Virginia
$1.53M +$918K +101,485 +130%
CRC
20
Curi RMB Capital
Illinois
$1.46M -$1.85M -205,011 -56%
Bank of Montreal
21
Bank of Montreal
Ontario, Canada
$1.06M – – –
ZIG
22
Zuckerman Investment Group
Illinois
$912K +$922K +101,900 New
AA
23
AQR Arbitrage
Connecticut
$805K +$274K +30,341 +51%
MIG
24
Mariner Investment Group
New York
$777K -$9.05K -1,000 -1%
TJHA
25
Thomas J. Herzfeld Advisors
Florida
$745K +$52K +5,753 +7%
1
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GLO Hedge Fund Activity: Q4 2016 in Review

60 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Clough Global Opportunities Fund (GLO) for Q4 2016, worth a combined $203M — up 0.88% from $201M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of GLO and 8 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Saba Capital Management, adding an estimated $17M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $7.07M sold.

  • 60 institutional investors held Clough Global Opportunities Fund (GLO) as of Q4 2016, down from 68 in Q3 2016.
  • Funds reported $203M of Clough Global Opportunities Fund stock for Q4 2016, up 0.88% quarter-over-quarter.
  • 8 funds opened new Clough Global Opportunities Fund positions in Q4 2016 and 15 closed out, a net change of -7 holders.
  • The largest Clough Global Opportunities Fund buyer in Q4 2016 was Saba Capital Management, an estimated $17M added.
  • The largest Clough Global Opportunities Fund seller in Q4 2016 was Cornerstone Advisors, an estimated $7.07M sold.

Based on aggregated 13F filings for Q4 2016.