Gabelli Equity Trust
159 hedge funds and large institutions have $121M invested in Gabelli Equity Trust in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 52 increasing their positions, 31 reducing their positions, and 11 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 31
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
11% more capital invested
Capital invested by funds: $109M → $121M (+$12.5M)
2% more funds holding
Funds holding: 156 → 159 (+3)
0.14% more ownership
Funds ownership: 7.03% → 7.17% (+0.14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$803K |
| 2 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
+$654K |
| 3 |
Morgan Stanley
New York
|
+$381K |
| 4 |
LPL Financial
San Diego,
California
|
+$338K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.21M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$217K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$181K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$181K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$166K |
GAB Hedge Fund Activity: Q2 2023 in Review
159 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2023, worth a combined $121M — up 11% from $109M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GAB positions and 11 closed out — a net gain of 5 holders — while 52 added to existing stakes and 31 trimmed.
The largest buyer was Cetera Advisor Networks, adding an estimated $803K. The largest seller was Bank of America, cutting an estimated $1.21M.
- 159 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2023, up from 156 in Q1 2023.
- Funds reported $121M of Gabelli Equity Trust stock for Q2 2023, up 11% quarter-over-quarter.
- 16 funds opened new Gabelli Equity Trust positions in Q2 2023 and 11 closed out, a net change of +5 holders.
- The largest Gabelli Equity Trust buyer in Q2 2023 was Cetera Advisor Networks, an estimated $803K added.
- The largest Gabelli Equity Trust seller in Q2 2023 was Bank of America, an estimated $1.21M sold.
Based on aggregated 13F filings for Q2 2023.