ELLSWORTH GROWTH & INCOME FD ECF
COM · Closed-End Fund · CUSIP 289074106
- HeadquartersMorristown, NJ
- FilingsSEC EDGAR
55
institutional holders
+7 vs Q3 2023
5.3m
shares reported held*
$42.8mreported value*
6 new
17 added
19 reduced
2 sold out
net bought ≈ $2.4m (+284.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $8.09.
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 51 |
| Q4 2022 | 58 |
| Q1 2023 | 54 |
| Q2 2023 | 49 |
| Q3 2023 | 48 |
| Q4 2023 | 55 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 32 | 25 |
| Q1 2023 | 25 | 29 |
| Q2 2023 | 25 | 20 |
| Q3 2023 | 19 | 24 |
| Q4 2023 | 23 | 21 |
Biggest buyers
| WOLVERINE ASSET MANAGEMENT LLC | New | +87.9k |
| Cornerstone Advisors, LLC | Added | +86.1k |
| WELLS FARGO & COMPANY/MN | Added | +79.8k |
| MORGAN STANLEY | Added | +76.3k |
| AMERIPRISE FINANCIAL INC | Added | +74.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +39.1k |
| AQR Arbitrage LLC | Added | +24.6k |
| TWIN FOCUS CAPITAL PARTNERS, LLC | New | +18.6k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +13.0k |
| Cetera Investment Advisers | New | +10.9k |
Biggest sellers
| Aviance Capital Partners, LLC | Reduced | -114.1k |
| Invesco Ltd. | Reduced | -38.0k |
| Mariner, LLC | Sold out | -22.4k |
| Raymond James Financial Services Advisors, Inc. | Reduced | -12.1k |
| STIFEL FINANCIAL CORP | Sold out | -10.6k |
| OSAIC HOLDINGS, INC. | Reduced | -10.2k |
| Cordgrass Capital Advisors, LLC | Reduced | -8.2k |
| 9258 Wealth Management, LLC | Reduced | -7.6k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -7.5k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Reduced | -7.3k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+1.0 pts · filed 2025-11-10
Stated purposeNot Applicable. Full filing |
12.3% |
| GAMCO INVESTORS, INC. ET AL 13D · may seek influence filed 2025-07-01 | 9.1% |
| WELLS FARGO & COMPANY/MN 13G · institution -0.1 pts · filed 2026-07-28 | 6.8% |
| SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2025-07-07 | 5.6% |
Insider purchases and sales in Q4 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 2 | $7.9m | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $5.5k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.0m $8.1m | Added +79.8k |
| Saba Capital Management, L.P. 0.13% of their portfolio | 635.3k $5.1m | Added +6.3k |
| MORGAN STANLEY 0.00% of their portfolio | 441.0k $3.6m | Added +76.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 350.9k $2.8m | Added +74.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 311.2k $2.5m | Reduced -7.3k |
| Advisors Asset Management, Inc. 0.05% of their portfolio | 283.6k $2.3m | Reduced -2.5k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 263.4k $2.1m | Added +9.2k |
| WNY Asset Management, LLC 0.24% of their portfolio | 173.5k $1.4m | Unchanged |
| Cornerstone Advisors, LLC 0.06% of their portfolio | 164.7k $1.3m | Added +86.1k |
| Invesco Ltd. 0.00% of their portfolio | 139.9k $1.1m | Reduced -38.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 129.5k $1.0m | Added +6.7k |
| VIMA LLC 2.13% of their portfolio | 114.4k $924.2k | First filing |
| FourThought Financial Partners, LLC 0.12% of their portfolio | 114.2k $923.0k | Reduced -615 |
| AQR Arbitrage LLC 0.03% of their portfolio | 101.0k $816.1k | Added +24.6k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 93.6k $756.2k | First filing |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 87.9k $710.4k | New |
| Bulldog Investors, LLP 0.20% of their portfolio | 76.9k $621.6k | Added +6.8k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 70.9k $566.2k | Added +6.8k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 62.9k $508.0k | Reduced -12.1k |
| Institute for Wealth Management, LLC. 0.08% of their portfolio | 60.7k $490.5k | Reduced -2.0k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 52.3k $422.2k | Reduced -9 |
| 9258 Wealth Management, LLC 0.07% of their portfolio | 47.3k $382.1k | Reduced -7.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio | 39.1k $315.9k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 37.3k $302.0k | Reduced -1.9k |
| UBS Group AG 0.00% of their portfolio | 34.7k $280.5k | Added +1.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 33.3k $269.1k | Reduced -7.5k |
| Old Port Advisors 0.09% of their portfolio | 32.6k $263.4k | Reduced -5.2k |
| Relative Value Partners Group, LLC 0.02% of their portfolio | 32.0k $258.6k | Unchanged |
| Aviance Capital Partners, LLC 0.05% of their portfolio | 31.3k $252.9k | Reduced -114.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 31.2k $252.2k | Reduced -10.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 26.3k $213.0k | Reduced -4.7k |
| Emergent Wealth Advisors, LLC 0.19% of their portfolio | 25.3k $204.6k | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 23.5k $190.0k | Reduced -630 |
| Private Advisor Group, LLC 0.00% of their portfolio | 21.5k $173.9k | Added +51 |
| Ruggaard & Associates LLC 0.08% of their portfolio | 18.8k $151.7k | Unchanged |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.03% of their portfolio | 18.6k $150.3k | New |
| LPL Financial LLC 0.00% of their portfolio | 15.3k $123.6k | Added +241 |
| Cordgrass Capital Advisors, LLC 0.04% of their portfolio | 14.6k $118.2k | Reduced -8.2k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.03% of their portfolio | 14.0k $113.4k | Added +13.0k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 12.0k $97.0k | Unchanged |
| ALTFEST L J & CO INC 0.01% of their portfolio | 11.6k $94.0k | Reduced -2.4k |
| MERIDIAN INVESTMENT COUNSEL INC. 0.03% of their portfolio | 11.1k $89.7k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 10.9k $87.8k | New |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 9.9k $80.0k | New |
| COMERICA BANK 0.00% of their portfolio | 3.7k $30.2k | Added +319 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2k $17.4k | Reduced -3.5k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 2.2k $17.4k | Added +534 |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 377 $3.0k | Added +5 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 336 $2.7k | Reduced -3.6k |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 330 $2.7k | First filing |
| US BANCORP \DE\ 0.00% of their portfolio | 200 $1.6k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 86 $695 | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 50 $404 | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 2 $17 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |