Gabelli Equity Trust
156 hedge funds and large institutions have $118M invested in Gabelli Equity Trust in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 59 increasing their positions, 28 reducing their positions, and 23 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 28
5% more capital invested
Capital invested by funds: $113M → $118M (+$5.1M)
0.05% less ownership
Funds ownership: 7.08% → 7.03% (-0.05%)
10% less funds holding
Funds holding: 173 → 156 (-17)
61% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$709K |
| 2 |
Cohen & Steers
New York
|
+$535K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$449K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$431K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$409K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.02M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$654K |
| 3 |
EC
Elequin Capital
New York
|
-$612K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$594K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$501K |
GAB Hedge Fund Activity: Q1 2023 in Review
156 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q1 2023, worth a combined $118M — up 4.5% from $113M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of GAB and 9 opened new positions — a net loss of 14 holders — while 28 trimmed existing stakes and 59 added.
The largest buyer was Baird Financial Group, adding an estimated $709K. The largest seller was Morgan Stanley, cutting an estimated $1.02M.
- 156 institutional investors held Gabelli Equity Trust (GAB) as of Q1 2023, down from 173 in Q4 2022.
- Funds reported $118M of Gabelli Equity Trust stock for Q1 2023, up 4.5% quarter-over-quarter.
- 9 funds opened new Gabelli Equity Trust positions in Q1 2023 and 23 closed out, a net change of -14 holders.
- The largest Gabelli Equity Trust buyer in Q1 2023 was Baird Financial Group, an estimated $709K added.
- The largest Gabelli Equity Trust seller in Q1 2023 was Morgan Stanley, an estimated $1.02M sold.
Based on aggregated 13F filings for Q1 2023.