Gabelli Equity Trust
127 hedge funds and large institutions have $171M invested in Gabelli Equity Trust in 2017 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 42 increasing their positions, 41 reducing their positions, and 8 closing their positions.
450% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 8
118% more capital invested
Capital invested by funds: $78.5M → $171M (+$92.8M)
38% more funds holding
Funds holding: 92 → 127 (+35)
7.24% more ownership
Funds ownership: 5.68% → 12.92% (+7.2%)
2% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$26.3M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$11.3M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$10.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$8.49M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.19M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$571K |
| 3 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$408K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$364K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$245K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFS
126
TrustCore Financial Services
Brentwood,
Tennessee
| $2K | +$2.38K | +390 | New |
|
|
PCG
127
Private Capital Group
West Hartford,
Connecticut
| $7 | +$7.46K | +1,224 | New |
|
|
ICOA
128
Investment Centers of America
Bismarck,
North Dakota
| – | -$107K | -17,089 | Closed |
|
|
TSS
129
Two Sigma Securities
New York
| – | -$104K | -16,452 | Closed |
|
|
GAM
130
Gould Asset Management
Claremont,
California
| – | -$81K | -12,890 | Closed |
|
|
AP
131
Atwood & Palmer
Kansas City,
Missouri
| – | -$65K | -10,312 | Closed |
|
|
GBBWRPM
132
Genovese Burford & Brothers Wealth & Retirement Plan Management
Sacramento,
California
| – | -$35K | -5,558 | Closed |
|
133
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$32K | -5,088 | Closed |
|
|
CCM
134
Cribstone Capital Management
Augusta,
Maine
| – | -$27K | -4,244 | Closed |
|
|
AIM
135
Anchor Investment Management
Columbia,
South Carolina
| – | -$8.02K | -1,271 | Closed |
|
GAB Hedge Fund Activity: Q4 2017 in Review
127 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2017, worth a combined $171M — up 118% from $78.5M a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new GAB positions and 8 closed out — a net gain of 36 holders — while 42 added to existing stakes and 41 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $26.3M. The largest seller was Invesco, cutting an estimated $1.19M.
- 127 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2017, up from 92 in Q3 2017.
- Funds reported $171M of Gabelli Equity Trust stock for Q4 2017, up 118% quarter-over-quarter.
- 44 funds opened new Gabelli Equity Trust positions in Q4 2017 and 8 closed out, a net change of +36 holders.
- The largest Gabelli Equity Trust buyer in Q4 2017 was Karpus Investment Management, an estimated $26.3M added.
- The largest Gabelli Equity Trust seller in Q4 2017 was Invesco, an estimated $1.19M sold.
Based on aggregated 13F filings for Q4 2017.