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GLO

Clough Global Opportunities Fund
GLO

62 hedge funds and large institutions have $109M invested in Clough Global Opportunities Fund in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 10 increasing their positions, 28 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

29% more funds holding

Funds holding: 48 → 62 (+14)

27.96% less ownership

Funds ownership: 47.39% → 19.43% (-28%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

60% less capital invested

Capital invested by funds: $273M → $109M (-$164M)

64% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 28

Holders
62
Holders Change
+14
Holders Change %
+29.17%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
18
Increased
10
Reduced
28
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LCM
Laurion Capital Management
New York
+$4.21M
2
DA
Doliver Advisors
Texas
+$789K
3
Millennium Management
Millennium Management
New York
+$752K
4
WAM
Weiss Asset Management
Massachusetts
+$568K
5
Squarepoint
Squarepoint
New York
+$422K

Top Sellers

1
SCM
Saba Capital Management
New York
-$74.9M
2
RCM
Rivernorth Capital Management
Florida
-$22.4M
3
Bank of America
Bank of America
North Carolina
-$16.8M
4
SIA
Sit Investment Associates
Minnesota
-$16.3M
5
RJA
Raymond James & Associates
Florida
-$7.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$28.5M -$22.4M -2,010,700 -43%
Bank of America
2
Bank of America
North Carolina
$15.1M -$16.8M -1,505,824 -52%
SIA
3
Sit Investment Associates
Minnesota
$7.08M -$16.3M -1,462,208 -69%
SCM
4
Saba Capital Management
New York
$7.03M -$74.9M -6,732,776 -91%
LCM
5
Laurion Capital Management
New York
$6.28M +$4.21M +378,249 +190%
Morgan Stanley
6
Morgan Stanley
New York
$5.79M -$1.05M -94,457 -15%
AAM
7
Advisors Asset Management
Colorado
$5.48M -$96.4K -8,660 -2%
1CP
8
1607 Capital Partners
Virginia
$4.59M -$7.96M -715,119 -63%
KIM
9
Karpus Investment Management
New York
$4.05M -$6.86M -616,238 -62%
Lazard Asset Management
10
Lazard Asset Management
New York
$2.99M -$5.06M -454,635 -62%
GC
11
Guggenheim Capital
Illinois
$2.17M -$1.14M -102,075 -34%
ZIG
12
Zuckerman Investment Group
Illinois
$1.77M -$1.5M -135,200 -45%
RJA
13
Raymond James & Associates
Florida
$1.64M -$7.97M -716,162 -83%
SFS
14
Shaker Financial Services
Virginia
$1.58M +$255K +22,875 +19%
Wells Fargo
15
Wells Fargo
California
$1.53M -$1.47M -131,866 -48%
CL
16
CSS LLC
Illinois
$1.15M +$157K +14,129 +15%
BC
17
Brinker Capital
Pennsylvania
$1.03M -$39.2K -3,526 -4%
YCM
18
Yakira Capital Management
Connecticut
$772K -$1.73M -155,846 -69%
DA
19
Doliver Advisors
Texas
$771K +$789K +70,887 New
Millennium Management
20
Millennium Management
New York
$736K +$752K +67,621 New
1WA
21
180 Wealth Advisors
Washington
$691K +$707K +63,537 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$683K +$87.8K +7,889 +14%
OC
23
Oppenheimer & Co
New York
$572K -$60.4K -5,426 -9%
WAM
24
Weiss Asset Management
Massachusetts
$555K +$568K +51,006 New
UBS Group
25
UBS Group
Switzerland
$543K +$27.2K +2,447 +5%
1
2 3

GLO Hedge Fund Activity: Q4 2017 in Review

62 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Clough Global Opportunities Fund (GLO) for Q4 2017, worth a combined $109M — down 60% from $273M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new GLO positions and 4 closed out — a net gain of 14 holders — while 10 added to existing stakes and 28 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $4.21M. The largest seller was Saba Capital Management, cutting an estimated $74.9M.

  • 62 institutional investors held Clough Global Opportunities Fund (GLO) as of Q4 2017, up from 48 in Q3 2017.
  • Funds reported $109M of Clough Global Opportunities Fund stock for Q4 2017, down 60% quarter-over-quarter.
  • 18 funds opened new Clough Global Opportunities Fund positions in Q4 2017 and 4 closed out, a net change of +14 holders.
  • The largest Clough Global Opportunities Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $4.21M added.
  • The largest Clough Global Opportunities Fund seller in Q4 2017 was Saba Capital Management, an estimated $74.9M sold.

Based on aggregated 13F filings for Q4 2017.