Gabelli Equity Trust
59 hedge funds and large institutions have $44.7M invested in Gabelli Equity Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 11 reducing their positions, and 5 closing their positions.
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
109% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 11
33% more capital invested
Capital invested by funds: $33.5M → $44.7M (+$11.2M)
11% more funds holding
Funds holding: 53 → 59 (+6)
0.43% more ownership
Funds ownership: 2.8% → 3.23% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.65M |
| 2 |
SG Americas Securities
New York
|
+$1.35M |
| 3 |
LPL Financial
San Diego,
California
|
+$859K |
| 4 |
Jane Street
New York
|
+$614K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$541K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.97M |
| 2 |
Cohen & Steers
New York
|
-$1.51M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$624K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$224K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$118K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
51
Antonetti Capital Management
Naples,
Florida
| $32K | +$29.9K | +4,414 | New |
|
|
BPBT
52
Boston Private Bank & Trust
Boston,
Massachusetts
| $25K | +$22.8K | +3,374 | New |
|
|
TJHA
53
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $23K | +$548 | +81 | +3% |
|
|
EWM
54
Elite Wealth Management
Kirkland,
Washington
| $23K | +$21.4K | +3,165 | New |
|
|
PFSC
55
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $23K | +$21.4K | +3,165 | New |
|
|
WA
56
WFG Advisors
Dallas,
Texas
| $20K | +$3.72K | +549 | +26% |
|
|
WCM
57
Windsor Capital Management
Phoenix,
Arizona
| $11K | – | – | – |
|
|
MFS
58
MSI Financial Services
Springfield,
Massachusetts
| $5K | – | – | – |
|
|
PSI
59
Pinnacle Summer Investments
Fairfax,
Virginia
| $4K | +$3.25K | +480 | New |
|
|
ICOA
60
Investment Centers of America
Bismarck,
North Dakota
| – | -$118K | -18,408 | Closed |
|
61
Nomura Holdings
Tokyo,
Japan
| – | -$110K | -17,304 | Closed |
|
62
Citadel Advisors
Miami,
Florida
| – | -$98K | -15,370 | Closed |
|
|
MA
63
MUFG Americas
New York
| – | -$6K | -984 | Closed |
|
GAB Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2013, worth a combined $44.7M — up 33% from $33.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new GAB positions and 5 closed out — a net gain of 7 holders — while 23 added to existing stakes and 11 trimmed.
The largest buyer was Invesco, adding an estimated $1.65M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1.97M.
- 59 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2013, up from 53 in Q3 2013.
- Funds reported $44.7M of Gabelli Equity Trust stock for Q4 2013, up 33% quarter-over-quarter.
- 12 funds opened new Gabelli Equity Trust positions in Q4 2013 and 5 closed out, a net change of +7 holders.
- The largest Gabelli Equity Trust buyer in Q4 2013 was Invesco, an estimated $1.65M added.
- The largest Gabelli Equity Trust seller in Q4 2013 was Cambridge Investment Research Advisors, an estimated $1.97M sold.
Based on aggregated 13F filings for Q4 2013.