Clough Global Dividend & Income Fund
26 hedge funds and large institutions have $19M invested in Clough Global Dividend & Income Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 25 → 26 (+1)
24.48% less ownership
Funds ownership: 38.23% → 13.75% (-24%)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
66% less capital invested
Capital invested by funds: $55.1M → $19M (-$36.1M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$971K |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$518K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$208K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$174K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$138K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$21.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.34M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.08M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.91M |
| 5 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$1.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.91M | -137,272 | Closed |
|
27
Citigroup
New York
| – | -$534K | -38,438 | Closed |
|
28
Stifel Financial
St. Louis,
Missouri
| – | -$212K | -15,315 | Closed |
|
29
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$7K | -501 | Closed |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$28 | +2 | New |
|
GLV Hedge Fund Activity: Q4 2017 in Review
26 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Clough Global Dividend & Income Fund (GLV) for Q4 2017, worth a combined $19M — down 66% from $55.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GLV positions and 4 closed out — a net gain of 1 holder — while 6 added to existing stakes and 12 trimmed.
The largest buyer was Curi RMB Capital, adding an estimated $971K. The largest seller was Saba Capital Management, cutting an estimated $21.3M.
- 26 institutional investors held Clough Global Dividend & Income Fund (GLV) as of Q4 2017, up from 25 in Q3 2017.
- Funds reported $19M of Clough Global Dividend & Income Fund stock for Q4 2017, down 66% quarter-over-quarter.
- 5 funds opened new Clough Global Dividend & Income Fund positions in Q4 2017 and 4 closed out, a net change of +1 holder.
- The largest Clough Global Dividend & Income Fund buyer in Q4 2017 was Curi RMB Capital, an estimated $971K added.
- The largest Clough Global Dividend & Income Fund seller in Q4 2017 was Saba Capital Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2017.