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Gabelli Equity Trust
GAB

124 hedge funds and large institutions have $89M invested in Gabelli Equity Trust in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 27

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

2% more funds holding

Funds holding: 122 → 124 (+2)

0.37% less ownership

Funds ownership: 6.38% → 6.01% (-0.37%)

9% less capital invested

Capital invested by funds: $97.4M → $89M (-$8.45M)

Holders
124
Holders Change
+2
Holders Change %
+1.64%
% of All Funds
2.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
37
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.22M
2
WAM
Weiss Asset Management
Massachusetts
+$417K
3
SS
Sunbelt Securities
Texas
+$368K
4
OFG
OTA Financial Group
New York
+$301K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$199K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$4.86M
2
AAM
Advisors Asset Management
Colorado
-$1.19M
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$761K
4
GI
GAMCO Investors
Connecticut
-$504K
5
TA
Tiedemann Advisors
New York
-$430K
Name Holding Trade Value Shares
Change 		Change in
Stake
FI
51
FormulaFolio Investments
Michigan
$203K -$151K -25,403 -42%
PGFC
52
Peapack-Gladstone Financial Corp
New Jersey
$183K – – –
MAFM
53
Mid Atlantic Financial Management
Pennsylvania
$177K +$36.5K +6,138 +25%
AWM
54
AE Wealth Management
Kansas
$175K -$127K -21,284 -42%
CWM
55
Cornerstone Wealth Management
Missouri
$175K +$304 +51 +0.2%
SWM
56
Stockman Wealth Management
Montana
$169K +$172K +28,878 New
Baird Financial Group
57
Baird Financial Group
Wisconsin
$163K -$761K -127,915 -82%
SS
58
Simplicity Solutions
Minnesota
$156K – – –
FCI
59
Financial Counselors Inc
Kansas
$149K – – –
US Bancorp
60
US Bancorp
Minnesota
$145K -$5.78K -970 -4%
PHS
61
Pekin Hardy Strauss
Illinois
$138K – – –
BRWA
62
B. Riley Wealth Advisors
Florida
$138K +$13.9K +2,339 +11%
BSW
63
Buckingham Strategic Wealth
Missouri
$134K – – –
Millennium Management
64
Millennium Management
New York
$131K +$134K +22,531 New
UCFA
65
United Capital Financial Advisors
Texas
$122K -$8.58K -1,442 -6%
AF
66
Affiance Financial
Minnesota
$120K – – –
AWA
67
AmeriServ Wealth Advisors
Pennsylvania
$119K – – –
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$118K +$851 +143 +0.7%
BIAS
69
Beacon Investment Advisory Services
New Jersey
$114K – – –
MFG
70
MidWestOne Financial Group
Iowa
$114K – – –
Bank of New York Mellon
71
Bank of New York Mellon
New York
$113K +$2.09K +351 +2%
SI
72
Stephens Inc
Arkansas
$112K -$1.83K -307 -2%
GCP
73
GSA Capital Partners
United Kingdom
$109K +$111K +18,577 New
DE
74
Day & Ennis
Georgia
$108K – – –
NFG
75
Next Financial Group
Texas
$107K +$54.2K +9,105 +98%
1 2
3
4 5

GAB Hedge Fund Activity: Q3 2019 in Review

124 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2019, worth a combined $89M — down 8.7% from $97.4M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GAB positions and 11 closed out — a net gain of 3 holders — while 37 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $1.22M. The largest seller was Cohen & Steers, cutting an estimated $4.86M.

  • 124 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2019, up from 122 in Q2 2019.
  • Funds reported $89M of Gabelli Equity Trust stock for Q3 2019, down 8.7% quarter-over-quarter.
  • 14 funds opened new Gabelli Equity Trust positions in Q3 2019 and 11 closed out, a net change of +3 holders.
  • The largest Gabelli Equity Trust buyer in Q3 2019 was Bank of America, an estimated $1.22M added.
  • The largest Gabelli Equity Trust seller in Q3 2019 was Cohen & Steers, an estimated $4.86M sold.

Based on aggregated 13F filings for Q3 2019.