Gabelli Equity Trust
91 hedge funds and large institutions have $100M invested in Gabelli Equity Trust in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
10% more funds holding
Funds holding: 83 → 91 (+8)
0.74% less ownership
Funds ownership: 9.1% → 8.36% (-0.74%)
6% less capital invested
Capital invested by funds: $106M → $100M (-$6.09M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.81M |
| 2 |
Cohen & Steers
New York
|
+$1.58M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$450K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$282K |
| 5 |
WF
WealthTrust Fairport
Cleveland,
Ohio
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.02M |
| 3 |
LPL Financial
San Diego,
California
|
-$740K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$521K |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$362K |
GAB Hedge Fund Activity: Q3 2016 in Review
91 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2016, worth a combined $100M — down 5.7% from $106M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GAB positions and 5 closed out — a net gain of 9 holders — while 32 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.81M. The largest seller was Karpus Investment Management, cutting an estimated $10.8M.
- 91 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2016, up from 83 in Q2 2016.
- Funds reported $100M of Gabelli Equity Trust stock for Q3 2016, down 5.7% quarter-over-quarter.
- 14 funds opened new Gabelli Equity Trust positions in Q3 2016 and 5 closed out, a net change of +9 holders.
- The largest Gabelli Equity Trust buyer in Q3 2016 was Morgan Stanley, an estimated $1.81M added.
- The largest Gabelli Equity Trust seller in Q3 2016 was Karpus Investment Management, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2016.