Gabelli Equity Trust
88 hedge funds and large institutions have $120M invested in Gabelli Equity Trust in 2015 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 22 reducing their positions, and 5 closing their positions.
320% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 5
32% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 22
22% more funds holding
Funds holding: 72 → 88 (+16)
21% more capital invested
Capital invested by funds: $99.4M → $120M (+$20.4M)
1.69% more ownership
Funds ownership: 8.94% → 10.63% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.09M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.75M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$2.71M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.38M |
| 5 |
Morgan Stanley
New York
|
+$959K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.74M |
| 2 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
-$1.29M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$675K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$530K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$148K |
GAB Hedge Fund Activity: Q4 2015 in Review
88 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2015, worth a combined $120M — up 21% from $99.4M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new GAB positions and 5 closed out — a net gain of 16 holders — while 29 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.09M. The largest seller was Cornerstone Advisors, cutting an estimated $1.74M.
- 88 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2015, up from 72 in Q3 2015.
- Funds reported $120M of Gabelli Equity Trust stock for Q4 2015, up 21% quarter-over-quarter.
- 21 funds opened new Gabelli Equity Trust positions in Q4 2015 and 5 closed out, a net change of +16 holders.
- The largest Gabelli Equity Trust buyer in Q4 2015 was Karpus Investment Management, an estimated $8.09M added.
- The largest Gabelli Equity Trust seller in Q4 2015 was Cornerstone Advisors, an estimated $1.74M sold.
Based on aggregated 13F filings for Q4 2015.