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Gabelli Equity Trust

70 hedge funds and large institutions have $99.8M invested in Gabelli Equity Trust in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 33 increasing their positions, 13 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

154% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 13

1.21% less ownership

Funds ownership: 8.7%7.49% (-1.2%)

5% less capital invested

Capital invested by funds: $105M → $99.8M (-$5.51M)

16% less funds holding

Funds holding: 8370 (-13)

72% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 18

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
70
Holders Change
-13
Holders Change %
-15.66%
% of All Funds
1.89%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
5
Increased
33
Reduced
13
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PHS
51
Pekin Hardy Strauss
Illinois
$113K
BBPWM
52
Blue Bell Private Wealth Management
Pennsylvania
$95K +$51K +8,102 +107%
CAL
53
Capital Analysts LLC
Pennsylvania
$93.9K +$32.4K +5,156 +50%
CB
54
Commerce Bank
Missouri
$88K -$10.1K -1,598 -10%
CAN
55
Cetera Advisor Networks
California
$81K
FBNAT
56
FirstMerit Bank N.A. Trustee
Ohio
$75K
US Bancorp
57
US Bancorp
Minnesota
$75K
BAM
58
Bruderman Asset Management
New York
$73K
MFS
59
MSI Financial Services
Massachusetts
$37K
Fifth Third Bancorp
60
Fifth Third Bancorp
Ohio
$25K
TJHA
61
Thomas J. Herzfeld Advisors
Florida
$22K +$510 +81 +2%
MBT
62
Monroe Bank & Trust
Michigan
$20K
WA
63
WFG Advisors
Texas
$11K +$201 +32 +2%
DAM
64
Delta Asset Management
Tennessee
$10K
NSIM
65
North Star Investment Management
Illinois
$10K
BIM
66
BlackRock Investment Management
Delaware
$10K +$10.7K +1,707 New
TRCT
67
Tower Research Capital (TRC)
New York
$4K +$4.32K +686 New
IWMPD
68
Integrated Wealth Management (Palm Desert)
California
$2K
PCTC
69
Perkins Coie Trust Company
Washington
$2K
BCM
70
Brookstone Capital Management
Illinois
$2K +$2.28K +363 New
BNP Paribas Financial Markets
71
BNP Paribas Financial Markets
France
-$5.5M -872,403 Closed
RJFSA
72
Raymond James Financial Services Advisors
Florida
-$737K -116,945 Closed
SG Americas Securities
73
SG Americas Securities
New York
-$303K -48,053 Closed
Goldman Sachs
74
Goldman Sachs
New York
-$162K -25,772 Closed
KeyBank National Association
75
KeyBank National Association
Ohio
-$156K -24,753 Closed

GAB Hedge Fund Activity: Q2 2015 in Review

70 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2015, worth a combined $99.8M — down 5.2% from $105M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of GAB and 5 opened new positions — a net loss of 13 holders — while 13 trimmed existing stakes and 33 added.

The largest buyer was Karpus Investment Management, adding an estimated $4.17M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $5.5M sold.

  • 70 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2015, down from 83 in Q1 2015.
  • Funds reported $99.8M of Gabelli Equity Trust stock for Q2 2015, down 5.2% quarter-over-quarter.
  • 5 funds opened new Gabelli Equity Trust positions in Q2 2015 and 18 closed out, a net change of -13 holders.
  • The largest Gabelli Equity Trust buyer in Q2 2015 was Karpus Investment Management, an estimated $4.17M added.
  • The largest Gabelli Equity Trust seller in Q2 2015 was BNP Paribas Financial Markets, an estimated $5.5M sold.

Based on aggregated 13F filings for Q2 2015.