Gabelli Equity Trust
124 hedge funds and large institutions have $89M invested in Gabelli Equity Trust in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 27 reducing their positions, and 11 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 27
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2% more funds holding
Funds holding: 122 → 124 (+2)
0.37% less ownership
Funds ownership: 6.38% → 6.01% (-0.37%)
9% less capital invested
Capital invested by funds: $97.4M → $89M (-$8.45M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.22M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$417K |
| 3 |
SS
Sunbelt Securities
Houston,
Texas
|
+$368K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$301K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$4.86M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.19M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$761K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$504K |
| 5 |
TA
Tiedemann Advisors
New York
|
-$430K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPIA
126
Cornell Pochily Investment Advisors
Ithaca,
New York
| – | -$335 | -55,444 | Closed |
|
|
EBT
127
Enterprise Bank & Trust
Lowell,
Massachusetts
| – | -$300K | -49,616 | Closed |
|
|
CRC
128
Curi RMB Capital
Chicago,
Illinois
| – | -$113K | -18,745 | Closed |
|
|
BAM
129
Bruderman Asset Management
Locust Valley,
New York
| – | -$72K | -11,969 | Closed |
|
|
VF
130
Virtu Financial
New York
| – | -$67K | -11,017 | Closed |
|
|
CPA
131
Clear Perspective Advisors
Aurora,
Illinois
| – | -$54K | -9,003 | Closed |
|
|
TPWA
132
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$11K | -1,870 | Closed |
|
133
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -1,324 | Closed |
|
|
CFGS
134
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$7.57K | -1,271 | Closed |
|
|
FGAM
135
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$1K | -247 | Closed |
|
GAB Hedge Fund Activity: Q3 2019 in Review
124 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2019, worth a combined $89M — down 8.7% from $97.4M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GAB positions and 11 closed out — a net gain of 3 holders — while 37 added to existing stakes and 27 trimmed.
The largest buyer was Bank of America, adding an estimated $1.22M. The largest seller was Cohen & Steers, cutting an estimated $4.86M.
- 124 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2019, up from 122 in Q2 2019.
- Funds reported $89M of Gabelli Equity Trust stock for Q3 2019, down 8.7% quarter-over-quarter.
- 14 funds opened new Gabelli Equity Trust positions in Q3 2019 and 11 closed out, a net change of +3 holders.
- The largest Gabelli Equity Trust buyer in Q3 2019 was Bank of America, an estimated $1.22M added.
- The largest Gabelli Equity Trust seller in Q3 2019 was Cohen & Steers, an estimated $4.86M sold.
Based on aggregated 13F filings for Q3 2019.