Gabelli Equity Trust
92 hedge funds and large institutions have $78.5M invested in Gabelli Equity Trust in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 14 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
0.83% less ownership
Funds ownership: 6.5% → 5.68% (-0.83%)
3% less funds holding
Funds holding: 95 → 92 (-3)
8% less capital invested
Capital invested by funds: $85.4M → $78.5M (-$6.84M)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$928K |
| 2 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$502K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$303K |
| 4 |
Morgan Stanley
New York
|
+$271K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$6.6M |
| 2 |
TA
Tiedemann Advisors
New York
|
-$1.55M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.32M |
| 4 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$1.3M |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$986K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWP
101
BSW Wealth Partners
Boulder,
Colorado
| – | -$92K | -15,365 | Closed |
|
|
FSCM
102
Front Street Capital Management
Missoula,
Montana
| – | -$89K | -14,919 | Closed |
|
103
Millennium Management
New York
| – | -$78K | -12,944 | Closed |
|
|
IFWM
104
Institute for Wealth Management
Denver,
Colorado
| – | -$62K | -10,352 | Closed |
|
|
MBT
105
Monroe Bank & Trust
Monroe,
Michigan
| – | -$18K | -3,155 | Closed |
|
|
DADC
106
D.A. Davidson & Co
Great Falls,
Montana
| – | -$6K | -1,043 | Closed |
|
GAB Hedge Fund Activity: Q3 2017 in Review
92 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2017, worth a combined $78.5M — down 8% from $85.4M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GAB and 12 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 28 added.
The largest buyer was Advisors Asset Management, adding an estimated $928K. The largest seller was First Allied Advisory Services, cutting an estimated $6.6M.
- 92 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2017, down from 95 in Q2 2017.
- Funds reported $78.5M of Gabelli Equity Trust stock for Q3 2017, down 8% quarter-over-quarter.
- 12 funds opened new Gabelli Equity Trust positions in Q3 2017 and 14 closed out, a net change of -2 holders.
- The largest Gabelli Equity Trust buyer in Q3 2017 was Advisors Asset Management, an estimated $928K added.
- The largest Gabelli Equity Trust seller in Q3 2017 was First Allied Advisory Services, an estimated $6.6M sold.
Based on aggregated 13F filings for Q3 2017.