Clough Global Dividend & Income Fund
28 hedge funds and large institutions have $46.9M invested in Clough Global Dividend & Income Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 16 closing their positions.
6% more capital invested
Capital invested by funds: $44.3M → $46.9M (+$2.61M)
2.34% more ownership
Funds ownership: 35.05% → 37.39% (+2.3%)
26% less funds holding
Funds holding: 38 → 28 (-10)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
63% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.81M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$744K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$684K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.32M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$4.58M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.79M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.22M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$849K |
GLV Hedge Fund Activity: Q4 2016 in Review
28 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Clough Global Dividend & Income Fund (GLV) for Q4 2016, worth a combined $46.9M — up 5.9% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of GLV and 6 opened new positions — a net loss of 10 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $18.7M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.32M sold.
- 28 institutional investors held Clough Global Dividend & Income Fund (GLV) as of Q4 2016, down from 38 in Q3 2016.
- Funds reported $46.9M of Clough Global Dividend & Income Fund stock for Q4 2016, up 5.9% quarter-over-quarter.
- 6 funds opened new Clough Global Dividend & Income Fund positions in Q4 2016 and 16 closed out, a net change of -10 holders.
- The largest Clough Global Dividend & Income Fund buyer in Q4 2016 was Saba Capital Management, an estimated $18.7M added.
- The largest Clough Global Dividend & Income Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $5.32M sold.
Based on aggregated 13F filings for Q4 2016.