Gabelli Equity Trust
72 hedge funds and large institutions have $61.2M invested in Gabelli Equity Trust in 2014 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 39 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
14% more funds holding
Funds holding: 63 → 72 (+9)
1.4% more ownership
Funds ownership: 3.75% → 5.16% (+1.4%)
57% less capital invested
Capital invested by funds: $144M → $61.2M (-$82.7M)
59% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DMAM
Del Mar Asset Management
New York
|
+$3.18M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$2.96M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.79M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.77M |
| 5 |
Cohen & Steers
New York
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$780K |
| 2 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
-$206K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$169K |
| 4 |
IH
IFC Holdings
Tampa,
Florida
|
-$148K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$134K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
76
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$31.7K | -4,440 | Closed |
|
|
ACM
77
Antonetti Capital Management
Naples,
Florida
| – | -$32K | -4,414 | Closed |
|
78
Bessemer Group
Woodbridge,
New Jersey
| – | -$4K | -506 | Closed |
|
79
AllianceBernstein
Nashville,
Tennessee
| – | -$1K | -171 | Closed |
|
GAB Hedge Fund Activity: Q3 2014 in Review
72 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2014, worth a combined $61.2M — down 57% from $144M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GAB positions and 7 closed out — a net gain of 9 holders — while 16 added to existing stakes and 39 trimmed.
The largest buyer was Del Mar Asset Management, opening a new position worth an estimated $3.18M. The largest seller was AmeriServ Wealth Advisors, exiting entirely with an estimated $780K sold.
- 72 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2014, up from 63 in Q2 2014.
- Funds reported $61.2M of Gabelli Equity Trust stock for Q3 2014, down 57% quarter-over-quarter.
- 16 funds opened new Gabelli Equity Trust positions in Q3 2014 and 7 closed out, a net change of +9 holders.
- The largest Gabelli Equity Trust buyer in Q3 2014 was Del Mar Asset Management, an estimated $3.18M added.
- The largest Gabelli Equity Trust seller in Q3 2014 was AmeriServ Wealth Advisors, an estimated $780K sold.
Based on aggregated 13F filings for Q3 2014.