Gabelli Equity Trust
121 hedge funds and large institutions have $148M invested in Gabelli Equity Trust in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 23 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 34
1.67% less ownership
Funds ownership: 12.92% → 11.24% (-1.7%)
5% less funds holding
Funds holding: 127 → 121 (-6)
14% less capital invested
Capital invested by funds: $171M → $148M (-$23.5M)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.99M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.83M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$2.62M |
| 5 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$8.56M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.25M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.66M |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$5.29M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$5.29M |
GAB Hedge Fund Activity: Q1 2018 in Review
121 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2018, worth a combined $148M — down 14% from $171M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of GAB and 17 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 37 added.
The largest buyer was LPL Financial, adding an estimated $4.6M. The largest seller was City of London Investment Management, cutting an estimated $8.56M.
- 121 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2018, down from 127 in Q4 2017.
- Funds reported $148M of Gabelli Equity Trust stock for Q1 2018, down 14% quarter-over-quarter.
- 17 funds opened new Gabelli Equity Trust positions in Q1 2018 and 23 closed out, a net change of -6 holders.
- The largest Gabelli Equity Trust buyer in Q1 2018 was LPL Financial, an estimated $4.6M added.
- The largest Gabelli Equity Trust seller in Q1 2018 was City of London Investment Management, an estimated $8.56M sold.
Based on aggregated 13F filings for Q1 2018.