Gabelli Equity Trust
95 hedge funds and large institutions have $85.4M invested in Gabelli Equity Trust in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
3% more funds holding
Funds holding: 92 → 95 (+3)
1.3% less ownership
Funds ownership: 7.8% → 6.5% (-1.3%)
14% less capital invested
Capital invested by funds: $98.9M → $85.4M (-$13.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.66M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.18M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.04M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$959K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$621K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$17.5M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.62M |
| 3 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$1.09M |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.06M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$977K |
GAB Hedge Fund Activity: Q2 2017 in Review
95 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2017, worth a combined $85.4M — down 14% from $98.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GAB positions and 6 closed out — a net gain of 3 holders — while 32 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.66M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $17.5M sold.
- 95 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2017, up from 92 in Q1 2017.
- Funds reported $85.4M of Gabelli Equity Trust stock for Q2 2017, down 14% quarter-over-quarter.
- 9 funds opened new Gabelli Equity Trust positions in Q2 2017 and 6 closed out, a net change of +3 holders.
- The largest Gabelli Equity Trust buyer in Q2 2017 was Morgan Stanley, an estimated $3.66M added.
- The largest Gabelli Equity Trust seller in Q2 2017 was Karpus Investment Management, an estimated $17.5M sold.
Based on aggregated 13F filings for Q2 2017.