Gabelli Equity Trust
84 hedge funds and large institutions have $120M invested in Gabelli Equity Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 14 closing their positions.
0% more capital invested
Capital invested by funds: $120M → $120M (+$366K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.29% less ownership
Funds ownership: 10.63% → 10.34% (-0.29%)
5% less funds holding
Funds holding: 88 → 84 (-4)
14% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 29
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.02M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$1.92M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.07M |
| 4 |
Cohen & Steers
New York
|
+$692K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.44M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.8M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.27M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.25M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.22M |
GAB Hedge Fund Activity: Q1 2016 in Review
84 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2016, worth a combined $120M — up 0.31% from $120M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GAB and 10 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 25 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.02M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.44M sold.
- 84 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2016, down from 88 in Q4 2015.
- Funds reported $120M of Gabelli Equity Trust stock for Q1 2016, up 0.31% quarter-over-quarter.
- 10 funds opened new Gabelli Equity Trust positions in Q1 2016 and 14 closed out, a net change of -4 holders.
- The largest Gabelli Equity Trust buyer in Q1 2016 was Karpus Investment Management, an estimated $4.02M added.
- The largest Gabelli Equity Trust seller in Q1 2016 was Shaker Financial Services, an estimated $2.44M sold.
Based on aggregated 13F filings for Q1 2016.