Gabelli Equity Trust
118 hedge funds and large institutions have $72M invested in Gabelli Equity Trust in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 30 reducing their positions, and 18 closing their positions.
18% more capital invested
Capital invested by funds: $61.2M → $72M (+$10.8M)
0.1% more ownership
Funds ownership: 5.68% → 5.78% (+0.1%)
5% less funds holding
Funds holding: 124 → 118 (-6)
13% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 30
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.28M |
| 2 |
LOPW
Live Oak Private Wealth
Wilmington,
North Carolina
|
+$1.93M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$775K |
| 4 |
Morgan Stanley
New York
|
+$452K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.18M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$574K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$436K |
| 4 |
CWP
Capital Wealth Planning
Naples,
Florida
|
-$272K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
126
Telos Capital Management
San Diego,
California
| – | -$58K | -13,738 | Closed |
|
|
JC
127
Jentner Corp
Akron,
Ohio
| – | -$56K | -13,110 | Closed |
|
|
MPWT
128
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$54K | -12,722 | Closed |
|
129
Fidelity Investments
Boston,
Massachusetts
| – | -$34K | -8,034 | Closed |
|
|
GSWM
130
Golden State Wealth Management
Santa Ana,
California
| – | -$23K | -5,514 | Closed |
|
|
NFG
131
Next Financial Group
Houston,
Texas
| – | -$17K | -4,090 | Closed |
|
|
AP
132
Arlington Partners
Birmingham,
Alabama
| – | -$5K | -1,125 | Closed |
|
|
CTC
133
Central Trust Company
Jefferson City,
Missouri
| – | -$1K | -307 | Closed |
|
|
KFI
134
Key Financial Inc
West Chester,
Pennsylvania
| – | -$1K | -205 | Closed |
|
GAB Hedge Fund Activity: Q2 2020 in Review
118 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2020, worth a combined $72M — up 18% from $61.2M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GAB and 13 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 26 added.
The largest buyer was LPL Financial, adding an estimated $3.28M. The largest seller was Wells Fargo, cutting an estimated $1.18M.
- 118 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2020, down from 124 in Q1 2020.
- Funds reported $72M of Gabelli Equity Trust stock for Q2 2020, up 18% quarter-over-quarter.
- 13 funds opened new Gabelli Equity Trust positions in Q2 2020 and 18 closed out, a net change of -5 holders.
- The largest Gabelli Equity Trust buyer in Q2 2020 was LPL Financial, an estimated $3.28M added.
- The largest Gabelli Equity Trust seller in Q2 2020 was Wells Fargo, an estimated $1.18M sold.
Based on aggregated 13F filings for Q2 2020.