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Gabelli Equity Trust

118 hedge funds and large institutions have $72M invested in Gabelli Equity Trust in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 30 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $61.2M → $72M (+$10.8M)

0.1% more ownership

Funds ownership: 5.68%5.78% (+0.1%)

5% less funds holding

Funds holding: 124118 (-6)

13% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 30

28% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 18

Holders
118
Holders Change
-6
Holders Change %
-4.84%
% of All Funds
2.42%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
26
Reduced
30
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$9.15M +$452K +98,953 +6%
Bank of America
2
Bank of America
North Carolina
$8.52M +$192K +41,979 +2%
LPL Financial
3
LPL Financial
California
$5.76M +$3.28M +717,604 +158%
PTC
4
Philadelphia Trust Company
Pennsylvania
$5.41M +$126K +27,667 +3%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$4.93M +$259K +56,773 +6%
GI
6
GAMCO Investors
Connecticut
$3.9M
Wells Fargo
7
Wells Fargo
California
$3.79M -$1.18M -258,918 -25%
Osaic Holdings
8
Osaic Holdings
Arizona
$2.19M -$73.8K -16,144 -4%
LOPW
9
Live Oak Private Wealth
North Carolina
$2.07M +$1.93M +421,776 New
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.76M +$50.1K +10,972 +3%
Cohen & Steers
11
Cohen & Steers
New York
$1.57M
UBS Group
12
UBS Group
Switzerland
$1.29M -$574K -125,692 -32%
CAN
13
Cetera Advisor Networks
California
$1.11M -$235K -51,525 -19%
RJA
14
Raymond James & Associates
Florida
$1.1M -$211K -46,129 -17%
SBIA
15
Sheaff Brock Investment Advisors
Indiana
$1.06M +$140K +30,690 +17%
PC
16
Pecaut & Co
Iowa
$1.03M -$235K -51,439 -20%
SC
17
Scotia Capital
Ontario, Canada
$971K +$23.6K +5,155 +3%
TA
18
Tiedemann Advisors
New York
$891K
SWP
19
Stratos Wealth Partners
Ohio
$890K -$25.4K -5,562 -3%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$834K +$775K +169,572 New
Rockefeller Capital Management
21
Rockefeller Capital Management
New York
$774K -$4.99K -1,092 -0.7%
HCM
22
Hollencrest Capital Management
California
$748K -$163K -35,683 -19%
ASN
23
Advisory Services Network
Georgia
$598K -$111K -24,191 -17%
AAM
24
Advisors Asset Management
Colorado
$574K -$191K -41,893 -26%
FAAS
25
First Allied Advisory Services
California
$509K -$91.2K -19,950 -16%

GAB Hedge Fund Activity: Q2 2020 in Review

118 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q2 2020, worth a combined $72M — up 18% from $61.2M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of GAB and 13 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 26 added.

The largest buyer was LPL Financial, adding an estimated $3.28M. The largest seller was Wells Fargo, cutting an estimated $1.18M.

  • 118 institutional investors held Gabelli Equity Trust (GAB) as of Q2 2020, down from 124 in Q1 2020.
  • Funds reported $72M of Gabelli Equity Trust stock for Q2 2020, up 18% quarter-over-quarter.
  • 13 funds opened new Gabelli Equity Trust positions in Q2 2020 and 18 closed out, a net change of -5 holders.
  • The largest Gabelli Equity Trust buyer in Q2 2020 was LPL Financial, an estimated $3.28M added.
  • The largest Gabelli Equity Trust seller in Q2 2020 was Wells Fargo, an estimated $1.18M sold.

Based on aggregated 13F filings for Q2 2020.