Gabelli Equity Trust
114 hedge funds and large institutions have $143M invested in Gabelli Equity Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 23 reducing their positions, and 17 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 23
1.93% less ownership
Funds ownership: 10.99% → 9.05% (-1.9%)
6% less funds holding
Funds holding: 121 → 114 (-7)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
38% less capital inflows, than outflows
Capital inflows: $11.4M | Capital outflows: $18.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.69M |
| 2 |
Morgan Stanley
New York
|
+$2.37M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
| 4 |
Cetera Advisor Networks
El Segundo,
California
|
+$722K |
| 5 |
Centaurus Financial
Anaheim,
California
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.69M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.54M |
| 3 |
City of London Investment Management
London,
United Kingdom
|
-$2.23M |
| 4 |
1607 Capital Partners
Richmond,
Virginia
|
-$2.07M |
| 5 |
Karpus Investment Management
Pittsford,
New York
|
-$1.83M |
GAB Hedge Fund Activity: Q2 2018 in Review
114 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2018, worth a combined $143M — down 3% from $148M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GAB and 13 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 39 added.
The largest buyer was Wells Fargo, adding an estimated $2.69M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $3.69M sold.
- 114 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2018, down from 121 in Q1 2018.
- Funds reported $143M of Gabelli Equity Trust stock for Q2 2018, down 3% quarter-over-quarter.
- 13 funds opened new Gabelli Equity Trust positions in Q2 2018 and 17 closed out, a net change of -4 holders.
- The largest Gabelli Equity Trust buyer in Q2 2018 was Wells Fargo, an estimated $2.69M added.
- The largest Gabelli Equity Trust seller in Q2 2018 was 1832 Asset Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q2 2018.