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Gabelli Equity Trust

96 hedge funds and large institutions have $104M invested in Gabelli Equity Trust in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 17

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

5% more funds holding

Funds holding: 9196 (+5)

3% more capital invested

Capital invested by funds: $100M → $104M (+$3.5M)

0.47% more ownership

Funds ownership: 8.36%8.83% (+0.47%)

Holders
96
Holders Change
+5
Holders Change %
+5.49%
% of All Funds
2.4%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
16
Increased
37
Reduced
17
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$26.2M +$19.9K +3,763 +0.1%
Cohen & Steers
2
Cohen & Steers
New York
$14M +$118K +22,223 +0.9%
FAAS
3
First Allied Advisory Services
California
$7.68M +$478K +90,209 +7%
Morgan Stanley
4
Morgan Stanley
New York
$4.88M +$597K +112,720 +14%
GI
5
GAMCO Investors
Connecticut
$3.99M
IH
6
IFC Holdings
Florida
$3.42M +$12.9K +2,436 +0.4%
Invesco
7
Invesco
Georgia
$3.42M -$19.1K -3,609 -0.6%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$2.66M +$231K +43,525 +10%
LPL Financial
9
LPL Financial
California
$2.39M +$387K +72,991 +20%
Wells Fargo
10
Wells Fargo
California
$2.27M +$46.8K +8,834 +2%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$1.99M -$234K -44,169 -11%
IA
12
IFP Advisors
Florida
$1.86M -$251K -47,436 -12%
GC
13
Guggenheim Capital
Illinois
$1.79M -$115K -21,673 -6%
HCM
14
Hollencrest Capital Management
California
$1.78M +$198K +37,412 +13%
YCM
15
Yakira Capital Management
Connecticut
$1.73M
Bank of America
16
Bank of America
North Carolina
$1.72M -$44.7K -8,445 -3%
CCP
17
Clough Capital Partners
Massachusetts
$1.45M +$510K +96,313 +55%
WS
18
Wedbush Securities
California
$1.38M +$367K +69,374 +37%
JMPWA
19
JP Morgan Private Wealth Advisors
California
$1.15M +$10.5K +1,981 +0.9%
MFS
20
MSI Financial Services
Massachusetts
$1.08M +$1.71K +322 +0.2%
SFS
21
Shaker Financial Services
Virginia
$990K +$979K +184,857 New
SBIA
22
Sheaff Brock Investment Advisors
Indiana
$979K +$193K +36,422 +25%
1CP
23
1607 Capital Partners
Virginia
$932K +$922K +174,117 New
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$822K -$189K -35,605 -19%
JWM
25
Jacobus Wealth Management
Wisconsin
$793K +$164K +30,878 +26%

GAB Hedge Fund Activity: Q4 2016 in Review

96 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q4 2016, worth a combined $104M — up 3.5% from $100M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GAB positions and 9 closed out — a net gain of 7 holders — while 37 added to existing stakes and 17 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $979K. The largest seller was Creative Planning, cutting an estimated $322K.

  • 96 institutional investors held Gabelli Equity Trust (GAB) as of Q4 2016, up from 91 in Q3 2016.
  • Funds reported $104M of Gabelli Equity Trust stock for Q4 2016, up 3.5% quarter-over-quarter.
  • 16 funds opened new Gabelli Equity Trust positions in Q4 2016 and 9 closed out, a net change of +7 holders.
  • The largest Gabelli Equity Trust buyer in Q4 2016 was Shaker Financial Services, an estimated $979K added.
  • The largest Gabelli Equity Trust seller in Q4 2016 was Creative Planning, an estimated $322K sold.

Based on aggregated 13F filings for Q4 2016.