Gabelli Equity Trust
122 hedge funds and large institutions have $94M invested in Gabelli Equity Trust in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 11 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 23
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
6% more capital invested
Capital invested by funds: $89M → $94M (+$4.99M)
0.15% more ownership
Funds ownership: 6.01% → 6.16% (+0.15%)
2% less funds holding
Funds holding: 124 → 122 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jolley Asset Management
Rocky Mount,
North Carolina
|
+$2.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.45M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.42M |
| 4 |
LPL Financial
San Diego,
California
|
+$591K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.19M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$976K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$428K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$410K |
| 5 |
NWP
Northstar Wealth Partners
West Hartford,
Connecticut
|
-$397K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
126
Guggenheim Capital
Chicago,
Illinois
| – | -$256K | -43,818 | Closed |
|
127
Millennium Management
New York
| – | -$131K | -22,531 | Closed |
|
|
GCP
128
GSA Capital Partners
London,
United Kingdom
| – | -$109K | -18,577 | Closed |
|
|
FMC
129
First Merchants Corp
Muncie,
Indiana
| – | -$71K | -12,112 | Closed |
|
|
HF
130
HRT Financial
New York
| – | -$64K | -11,063 | Closed |
|
|
GSWM
131
Golden State Wealth Management
Santa Ana,
California
| – | -$32K | -5,514 | Closed |
|
|
AIS
132
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| – | -$15K | -2,643 | Closed |
|
|
RAM
133
Riggs Asset Management
Dallas,
Pennsylvania
| – | -$11K | -2,046 | Closed |
|
GAB Hedge Fund Activity: Q4 2019 in Review
122 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2019, worth a combined $94M — up 5.6% from $89M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GAB positions and 11 closed out — a net gain of 2 holders — while 38 added to existing stakes and 23 trimmed.
The largest buyer was Jolley Asset Management, opening a new position worth an estimated $2.5M. The largest seller was Cohen & Steers, cutting an estimated $1.19M.
- 122 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2019, down from 124 in Q3 2019.
- Funds reported $94M of Gabelli Equity Trust stock for Q4 2019, up 5.6% quarter-over-quarter.
- 13 funds opened new Gabelli Equity Trust positions in Q4 2019 and 11 closed out, a net change of +2 holders.
- The largest Gabelli Equity Trust buyer in Q4 2019 was Jolley Asset Management, an estimated $2.5M added.
- The largest Gabelli Equity Trust seller in Q4 2019 was Cohen & Steers, an estimated $1.19M sold.
Based on aggregated 13F filings for Q4 2019.