Gabelli Equity Trust
83 hedge funds and large institutions have $94.4M invested in Gabelli Equity Trust in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 12 reducing their positions, and 8 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 12
175% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 8
54% more capital invested
Capital invested by funds: $61.2M → $94.4M (+$33.1M)
15% more funds holding
Funds holding: 72 → 83 (+11)
2.67% more ownership
Funds ownership: 5.16% → 7.83% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.38M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$7.43M |
| 3 |
Cohen & Steers
New York
|
+$6.26M |
| 4 |
Morgan Stanley
New York
|
+$3.15M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.48M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$518K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$489K |
| 4 |
LPL Financial
San Diego,
California
|
-$351K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$319K |
GAB Hedge Fund Activity: Q4 2014 in Review
83 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2014, worth a combined $94.4M — up 54% from $61.2M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new GAB positions and 8 closed out — a net gain of 14 holders — while 42 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $9.38M. The largest seller was Credit Suisse, cutting an estimated $2.48M.
- 83 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2014, up from 72 in Q3 2014.
- Funds reported $94.4M of Gabelli Equity Trust stock for Q4 2014, up 54% quarter-over-quarter.
- 22 funds opened new Gabelli Equity Trust positions in Q4 2014 and 8 closed out, a net change of +14 holders.
- The largest Gabelli Equity Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $9.38M added.
- The largest Gabelli Equity Trust seller in Q4 2014 was Credit Suisse, an estimated $2.48M sold.
Based on aggregated 13F filings for Q4 2014.