Gabelli Equity Trust
92 hedge funds and large institutions have $98.9M invested in Gabelli Equity Trust in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 15 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
5% less capital invested
Capital invested by funds: $104M → $98.9M (-$4.72M)
1.03% less ownership
Funds ownership: 8.83% → 7.8% (-1%)
4% less funds holding
Funds holding: 96 → 92 (-4)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Tiedemann Advisors
New York
|
+$1.47M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.27M |
| 3 |
PC
Pecaut & Co
Sioux City,
Iowa
|
+$1.11M |
| 4 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$1.07M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$418K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.6M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.33M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$990K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$932K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$715K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIC
101
Johnson Investment Counsel
Cincinnati,
Ohio
| – | -$140K | -26,200 | Closed |
|
|
LCM
102
Laurion Capital Management
New York
| – | -$107K | -19,902 | Closed |
|
|
EWM
103
Empirical Wealth Management
Seattle,
Washington
| – | -$83K | -15,415 | Closed |
|
104
Goldman Sachs
New York
| – | -$74K | -13,809 | Closed |
|
|
CB
105
Commerce Bank
Kansas City,
Missouri
| – | -$61K | -11,395 | Closed |
|
|
CA
106
Cetera Advisors
Denver,
Colorado
| – | -$58K | -10,806 | Closed |
|
|
CFSG
107
Community Financial Services Group
Newport,
Vermont
| – | -$57K | -10,567 | Closed |
|
GAB Hedge Fund Activity: Q1 2017 in Review
92 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2017, worth a combined $98.9M — down 4.6% from $104M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GAB and 12 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 27 added.
The largest buyer was Tiedemann Advisors, opening a new position worth an estimated $1.47M. The largest seller was Karpus Investment Management, cutting an estimated $10.6M.
- 92 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2017, down from 96 in Q4 2016.
- Funds reported $98.9M of Gabelli Equity Trust stock for Q1 2017, down 4.6% quarter-over-quarter.
- 12 funds opened new Gabelli Equity Trust positions in Q1 2017 and 15 closed out, a net change of -3 holders.
- The largest Gabelli Equity Trust buyer in Q1 2017 was Tiedemann Advisors, an estimated $1.47M added.
- The largest Gabelli Equity Trust seller in Q1 2017 was Karpus Investment Management, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2017.