Gabelli Equity Trust
165 hedge funds and large institutions have $107M invested in Gabelli Equity Trust in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 53 increasing their positions, 36 reducing their positions, and 16 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 36
44% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 16
4% more funds holding
Funds holding: 159 → 165 (+6)
0.04% less ownership
Funds ownership: 7.17% → 7.13% (-0.04%)
12% less capital invested
Capital invested by funds: $121M → $107M (-$14.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$3.4M |
| 2 |
Cohen & Steers
New York
|
+$1.02M |
| 3 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$688K |
| 4 |
JP Morgan Chase
New York
|
+$683K |
| 5 |
MFG
Magnus Financial Group
New York
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.33M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$987K |
| 3 |
LPL Financial
San Diego,
California
|
-$890K |
| 4 |
LWM
Laidlaw Wealth Management
New York City,
New York
|
-$559K |
| 5 |
Morgan Stanley
New York
|
-$537K |
GAB Hedge Fund Activity: Q3 2023 in Review
165 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Gabelli Equity Trust (GAB) for Q3 2023, worth a combined $107M — down 12% from $121M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new GAB positions and 16 closed out — a net gain of 7 holders — while 53 added to existing stakes and 36 trimmed.
The largest buyer was Creative Planning, adding an estimated $3.4M. The largest seller was Wells Fargo, cutting an estimated $1.33M.
- 165 institutional investors held Gabelli Equity Trust (GAB) as of Q3 2023, up from 159 in Q2 2023.
- Funds reported $107M of Gabelli Equity Trust stock for Q3 2023, down 12% quarter-over-quarter.
- 23 funds opened new Gabelli Equity Trust positions in Q3 2023 and 16 closed out, a net change of +7 holders.
- The largest Gabelli Equity Trust buyer in Q3 2023 was Creative Planning, an estimated $3.4M added.
- The largest Gabelli Equity Trust seller in Q3 2023 was Wells Fargo, an estimated $1.33M sold.
Based on aggregated 13F filings for Q3 2023.