Gabelli Equity Trust
124 hedge funds and large institutions have $61.2M invested in Gabelli Equity Trust in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 36 reducing their positions, and 12 closing their positions.
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
2% more funds holding
Funds holding: 122 → 124 (+2)
0.49% less ownership
Funds ownership: 6.16% → 5.68% (-0.49%)
6% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 36
35% less capital invested
Capital invested by funds: $94M → $61.2M (-$32.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$986K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$918K |
| 3 |
Rockefeller Capital Management
New York
|
+$873K |
| 4 |
CWP
Capital Wealth Planning
Naples,
Florida
|
+$353K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$5.04M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$1.43M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.19M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.02M |
| 5 |
Citigroup
New York
|
-$756K |
GAB Hedge Fund Activity: Q1 2020 in Review
124 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2020, worth a combined $61.2M — down 35% from $94M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GAB positions and 12 closed out — a net gain of 4 holders — while 34 added to existing stakes and 36 trimmed.
The largest buyer was Bank of America, adding an estimated $986K. The largest seller was LPL Financial, cutting an estimated $5.04M.
- 124 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2020, up from 122 in Q4 2019.
- Funds reported $61.2M of Gabelli Equity Trust stock for Q1 2020, down 35% quarter-over-quarter.
- 16 funds opened new Gabelli Equity Trust positions in Q1 2020 and 12 closed out, a net change of +4 holders.
- The largest Gabelli Equity Trust buyer in Q1 2020 was Bank of America, an estimated $986K added.
- The largest Gabelli Equity Trust seller in Q1 2020 was LPL Financial, an estimated $5.04M sold.
Based on aggregated 13F filings for Q1 2020.