Gabelli Equity Trust
83 hedge funds and large institutions have $106M invested in Gabelli Equity Trust in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 12 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
1% less funds holding
Funds holding: 84 → 83 (-1)
1.21% less ownership
Funds ownership: 10.03% → 8.82% (-1.2%)
60% less capital inflows, than outflows
Capital inflows: $9.5M | Capital outflows: $24M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.39M |
| 2 |
IFP Advisors
Tampa,
Florida
|
+$1.92M |
| 3 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.05M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$632K |
| 5 |
MSI Financial Services
Springfield,
Massachusetts
|
+$440K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$10.4M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.46M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.45M |
| 4 |
City of London Investment Management
London,
United Kingdom
|
-$1.77M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$1.75M |
GAB Hedge Fund Activity: Q2 2016 in Review
83 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2016, worth a combined $106M — down 12% from $120M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GAB and 11 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 32 added.
The largest buyer was Cohen & Steers, adding an estimated $2.39M. The largest seller was Karpus Investment Management, cutting an estimated $10.4M.
- 83 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2016, down from 84 in Q1 2016.
- Funds reported $106M of Gabelli Equity Trust stock for Q2 2016, down 12% quarter-over-quarter.
- 11 funds opened new Gabelli Equity Trust positions in Q2 2016 and 12 closed out, a net change of -1 holder.
- The largest Gabelli Equity Trust buyer in Q2 2016 was Cohen & Steers, an estimated $2.39M added.
- The largest Gabelli Equity Trust seller in Q2 2016 was Karpus Investment Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2016.