Gabelli Equity Trust
122 hedge funds and large institutions have $195M invested in Gabelli Equity Trust in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 11 closing their positions.
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
13% more capital invested
Capital invested by funds: $173M → $195M (+$22M)
6% more funds holding
Funds holding: 115 → 122 (+7)
0.25% less ownership
Funds ownership: 9.34% → 9.09% (-0.25%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.28M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.18M |
| 3 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$819K |
| 4 |
LPL Financial
San Diego,
California
|
+$650K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.99M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.88M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.84M |
| 4 |
Cohen & Steers
New York
|
-$1.1M |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
-$606K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SB
126
Suntrust Banks
Atlanta,
Georgia
| – | -$447K | -81,155 | Closed |
|
|
FNBT
127
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$363K | -59,364 | Closed |
|
128
Citadel Advisors
Miami,
Florida
| – | -$74K | -12,100 | Closed |
|
|
SMFS
129
Squar Milner Financial Services
Irvine,
California
| – | -$56K | -9,207 | Closed |
|
|
CPA
130
Clear Perspective Advisors
Aurora,
Illinois
| – | -$55K | -9,003 | Closed |
|
|
GBBWRPM
131
Genovese Burford & Brothers Wealth & Retirement Plan Management
Sacramento,
California
| – | -$34K | -5,514 | Closed |
|
|
MBT
132
Monroe Bank & Trust
Monroe,
Michigan
| – | -$20K | -3,130 | Closed |
|
|
BCA
133
Bay Colony Advisors
Concord,
Massachusetts
| – | -$9K | -1,444 | Closed |
|
|
APSP
134
Asset Planning Services (Pennsylvania)
Harleysville,
Pennsylvania
| – | -$1K | -195 | Closed |
|
135
Fidelity Investments
Boston,
Massachusetts
| – | +$6 | +1 | New |
|
GAB Hedge Fund Activity: Q3 2018 in Review
122 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2018, worth a combined $195M — up 13% from $173M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GAB positions and 11 closed out — a net gain of 7 holders — while 36 added to existing stakes and 23 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.28M. The largest seller was Karpus Investment Management, cutting an estimated $4.99M.
- 122 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2018, up from 115 in Q2 2018.
- Funds reported $195M of Gabelli Equity Trust stock for Q3 2018, up 13% quarter-over-quarter.
- 18 funds opened new Gabelli Equity Trust positions in Q3 2018 and 11 closed out, a net change of +7 holders.
- The largest Gabelli Equity Trust buyer in Q3 2018 was Shaker Financial Services, an estimated $2.28M added.
- The largest Gabelli Equity Trust seller in Q3 2018 was Karpus Investment Management, an estimated $4.99M sold.
Based on aggregated 13F filings for Q3 2018.