Gabelli Equity Trust
53 hedge funds and large institutions have $33.5M invested in Gabelli Equity Trust in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 4 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 52 → 53 (+1)
0.06% more ownership
Funds ownership: 2.74% → 2.8% (+0.06%)
20% less capital invested
Capital invested by funds: $42M → $33.5M (-$8.52M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.18M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.97M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$787K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$495K |
| 5 |
IH
IFC Holdings
Tampa,
Florida
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$4.55M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.24M |
| 3 |
Morgan Stanley
New York
|
-$415K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$228K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$203K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| $6K | – | – | – |
|
|
MFS
52
MSI Financial Services
Springfield,
Massachusetts
| $4K | – | – | – |
|
53
Goldman Sachs
New York
| – | -$108K | -17,115 | Closed |
|
|
SI
54
SII Investments
Appleton,
Wisconsin
| – | -$87K | -13,703 | Closed |
|
|
GC
55
Guggenheim Capital
Chicago,
Illinois
| – | -$74K | -11,812 | Closed |
|
|
GI
56
Gradient Investments
Arden Hills,
Minnesota
| – | -$13K | -2,110 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$10.2K | -1,578 | -100% |
|
GAB Hedge Fund Activity: Q3 2013 in Review
53 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2013, worth a combined $33.5M — down 20% from $42M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GAB positions and 4 closed out — a net gain of 1 holder — while 19 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.18M. The largest seller was Cohen & Steers, cutting an estimated $4.55M.
- 53 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2013, up from 52 in Q2 2013.
- Funds reported $33.5M of Gabelli Equity Trust stock for Q3 2013, down 20% quarter-over-quarter.
- 5 funds opened new Gabelli Equity Trust positions in Q3 2013 and 4 closed out, a net change of +1 holder.
- The largest Gabelli Equity Trust buyer in Q3 2013 was Sit Investment Associates, an estimated $2.18M added.
- The largest Gabelli Equity Trust seller in Q3 2013 was Cohen & Steers, an estimated $4.55M sold.
Based on aggregated 13F filings for Q3 2013.