Gabelli Equity Trust
115 hedge funds and large institutions have $173M invested in Gabelli Equity Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 23 reducing their positions, and 17 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 23
17% more capital invested
Capital invested by funds: $148M → $173M (+$24.9M)
1.91% less ownership
Funds ownership: 11.24% → 9.34% (-1.9%)
5% less funds holding
Funds holding: 121 → 115 (-6)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.69M |
| 2 |
Morgan Stanley
New York
|
+$2.37M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$954K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$722K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.69M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.54M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.23M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.07M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YCM
126
Yakira Capital Management
Westport,
Connecticut
| – | -$140K | -23,465 | Closed |
|
|
AFP
127
Ausdal Financial Partners
Davenport,
Iowa
| – | -$80K | -13,299 | Closed |
|
|
PAG
128
Private Advisor Group
Morristown,
New Jersey
| – | -$77K | -12,818 | Closed |
|
|
SPC
129
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$64K | -10,663 | Closed |
|
|
AWA
130
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
| – | -$64K | -10,639 | Closed |
|
|
CAMG
131
CWA Asset Management Group
Naples,
Florida
| – | -$61K | -10,230 | Closed |
|
|
IWM
132
IHT Wealth Management
Chicago,
Illinois
| – | -$46K | -7,779 | Closed |
|
133
SEI Investments
Oaks,
Pennsylvania
| – | -$14K | -2,362 | Closed |
|
|
RWA
134
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$3K | -551 | Closed |
|
GAB Hedge Fund Activity: Q2 2018 in Review
115 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2018, worth a combined $173M — up 17% from $148M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GAB and 13 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 40 added.
The largest buyer was Wells Fargo, adding an estimated $2.69M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $3.69M sold.
- 115 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2018, down from 121 in Q1 2018.
- Funds reported $173M of Gabelli Equity Trust stock for Q2 2018, up 17% quarter-over-quarter.
- 13 funds opened new Gabelli Equity Trust positions in Q2 2018 and 17 closed out, a net change of -4 holders.
- The largest Gabelli Equity Trust buyer in Q2 2018 was Wells Fargo, an estimated $2.69M added.
- The largest Gabelli Equity Trust seller in Q2 2018 was 1832 Asset Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q2 2018.