Gabelli Equity Trust
71 hedge funds and large institutions have $99.8M invested in Gabelli Equity Trust in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 33 increasing their positions, 13 reducing their positions, and 18 closing their positions.
154% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 13
1.21% less ownership
Funds ownership: 8.71% → 7.5% (-1.2%)
5% less capital invested
Capital invested by funds: $105M → $99.8M (-$5.51M)
15% less funds holding
Funds holding: 84 → 71 (-13)
72% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.17M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$783K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$755K |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$545K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$545K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$5.5M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.91M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.27M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$737K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$408K |
GAB Hedge Fund Activity: Q2 2015 in Review
71 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2015, worth a combined $99.8M — down 5.2% from $105M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GAB and 5 opened new positions — a net loss of 13 holders — while 13 trimmed existing stakes and 33 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.17M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $5.5M sold.
- 71 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2015, down from 84 in Q1 2015.
- Funds reported $99.8M of Gabelli Equity Trust stock for Q2 2015, down 5.2% quarter-over-quarter.
- 5 funds opened new Gabelli Equity Trust positions in Q2 2015 and 18 closed out, a net change of -13 holders.
- The largest Gabelli Equity Trust buyer in Q2 2015 was Karpus Investment Management, an estimated $4.17M added.
- The largest Gabelli Equity Trust seller in Q2 2015 was BNP Paribas Financial Markets, an estimated $5.5M sold.
Based on aggregated 13F filings for Q2 2015.