Gabelli Equity Trust
122 hedge funds and large institutions have $95.5M invested in Gabelli Equity Trust in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 14 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
12% more capital invested
Capital invested by funds: $85.3M → $95.5M (+$10.2M)
2% more funds holding
Funds holding: 120 → 122 (+2)
0.43% less ownership
Funds ownership: 6.7% → 6.27% (-0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.02M |
| 2 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$666K |
| 3 |
SDAM
Shulman DeMeo Asset Management
Lake Success,
New York
|
+$475K |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$448K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$6.44M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.56M |
| 3 |
Cohen & Steers
New York
|
-$1.03M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$640K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$440K |
GAB Hedge Fund Activity: Q1 2019 in Review
122 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2019, worth a combined $95.5M — up 12% from $85.3M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GAB positions and 14 closed out — a net gain of 2 holders — while 32 added to existing stakes and 27 trimmed.
The largest buyer was Bank of America, adding an estimated $2.02M. The largest seller was First Allied Advisory Services, cutting an estimated $6.44M.
- 122 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2019, up from 120 in Q4 2018.
- Funds reported $95.5M of Gabelli Equity Trust stock for Q1 2019, up 12% quarter-over-quarter.
- 16 funds opened new Gabelli Equity Trust positions in Q1 2019 and 14 closed out, a net change of +2 holders.
- The largest Gabelli Equity Trust buyer in Q1 2019 was Bank of America, an estimated $2.02M added.
- The largest Gabelli Equity Trust seller in Q1 2019 was First Allied Advisory Services, an estimated $6.44M sold.
Based on aggregated 13F filings for Q1 2019.