Gabelli Equity Trust
120 hedge funds and large institutions have $85.3M invested in Gabelli Equity Trust in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 23 closing their positions.
4% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 23
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
2% less funds holding
Funds holding: 122 → 120 (-2)
2.39% less ownership
Funds ownership: 9.09% → 6.7% (-2.4%)
56% less capital invested
Capital invested by funds: $195M → $85.3M (-$109M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$460K |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$438K |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$354K |
| 4 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
+$349K |
| 5 |
LPL Financial
San Diego,
California
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$21.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.35M |
| 3 |
Morgan Stanley
New York
|
-$1.87M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.7M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.31M |
GAB Hedge Fund Activity: Q4 2018 in Review
120 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2018, worth a combined $85.3M — down 56% from $195M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new GAB positions and 23 closed out — a net gain of 1 holder — while 31 added to existing stakes and 32 trimmed.
The largest buyer was Suntrust Banks, opening a new position worth an estimated $460K. The largest seller was Karpus Investment Management, cutting an estimated $21.8M.
- 120 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2018, down from 122 in Q3 2018.
- Funds reported $85.3M of Gabelli Equity Trust stock for Q4 2018, down 56% quarter-over-quarter.
- 24 funds opened new Gabelli Equity Trust positions in Q4 2018 and 23 closed out, a net change of +1 holder.
- The largest Gabelli Equity Trust buyer in Q4 2018 was Suntrust Banks, an estimated $460K added.
- The largest Gabelli Equity Trust seller in Q4 2018 was Karpus Investment Management, an estimated $21.8M sold.
Based on aggregated 13F filings for Q4 2018.