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Gabelli Equity Trust
GAB

83 hedge funds and large institutions have $94.4M invested in Gabelli Equity Trust in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 12

175% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 8

54% more capital invested

Capital invested by funds: $61.2M → $94.4M (+$33.1M)

15% more funds holding

Funds holding: 72 → 83 (+11)

2.67% more ownership

Funds ownership: 5.16% → 7.83% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
83
Holders Change
+11
Holders Change %
+15.28%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
22
Increased
42
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.38M
2
FAAS
First Allied Advisory Services
California
+$7.43M
3
Cohen & Steers
Cohen & Steers
New York
+$6.26M
4
Morgan Stanley
Morgan Stanley
New York
+$3.15M
5
COLIM
City of London Investment Management
United Kingdom
+$2.78M

Top Sellers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
-$2.48M
2
BI
Bulldog Investors
New Jersey
-$518K
3
SIA
Sit Investment Associates
Minnesota
-$489K
4
LPL Financial
LPL Financial
California
-$351K
5
Bank of America
Bank of America
North Carolina
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
NES
76
New England Securities
New York
$27K – – –
TJHA
77
Thomas J. Herzfeld Advisors
Florida
$21K +$592 +93 +3%
MBT
78
Monroe Bank & Trust
Michigan
$20K +$20.1K +3,155 New
PFSC
79
Peoples Financial Services Corp
Pennsylvania
$19K – – –
GI
80
Gradient Investments
Minnesota
$15K +$15K +2,357 New
NSIM
81
North Star Investment Management
Illinois
$10K – – –
DAM
82
Delta Asset Management
Tennessee
$10K +$1.31K +206 +14%
BRWA
83
B. Riley Wealth Advisors
Florida
$32 +$32.3K +5,066 New
BI
84
Bulldog Investors
New Jersey
– -$518K -83,679 Closed
SIA
85
Sit Investment Associates
Minnesota
– -$489K -79,109 Closed
UAS
86
United Asset Strategies
New York
– -$70K -11,391 Closed
SI
87
SII Investments
Wisconsin
– -$60K -11,338 Closed
FFSOTS
88
Fiduciary Financial Services of The Southwest
Texas
– -$66K -10,714 Closed
PTC
89
Private Trust Company
Ohio
– -$36K -5,862 Closed
BPBT
90
Boston Private Bank & Trust
Massachusetts
– -$20K -3,298 Closed
EWM
91
Elite Wealth Management
Washington
– -$19K -3,094 Closed
1 2 3
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GAB Hedge Fund Activity: Q4 2014 in Review

83 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2014, worth a combined $94.4M — up 54% from $61.2M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new GAB positions and 8 closed out — a net gain of 14 holders — while 42 added to existing stakes and 12 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $9.38M. The largest seller was Credit Suisse, cutting an estimated $2.48M.

  • 83 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2014, up from 72 in Q3 2014.
  • Funds reported $94.4M of Gabelli Equity Trust stock for Q4 2014, up 54% quarter-over-quarter.
  • 22 funds opened new Gabelli Equity Trust positions in Q4 2014 and 8 closed out, a net change of +14 holders.
  • The largest Gabelli Equity Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $9.38M added.
  • The largest Gabelli Equity Trust seller in Q4 2014 was Credit Suisse, an estimated $2.48M sold.

Based on aggregated 13F filings for Q4 2014.