The Gabelli Equity Trust is a closed-end, non-diversified management investment company whose investment objective is long term growth of capital, with income as a secondary objective. Investments will be made based on management's perception of their potential for capital appreciation. The Fund seeks out undervalued companies with greater than average potential for growth. The Equity Trust maintains a 10% Distribution Policy whereby the Trust pays out to common shareholders 10% of its average net assets each year. This distribution is paid quarterly. The distribution rate is not representative of dividend yield or the total return of the Fund and may include a return of capital.
Company profile
Ticker
GAB, GAB+K
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry
SEC CIK
Corporate docs
IRS number
222736509
GAB stock data
Latest filings (excl ownership)
DEFR14A
Revised proxy
3 Apr 24
N-CEN
Annual report (registered investment company)
14 Mar 24
N-CSR
Certified annual shareholder report (management investment company)
8 Mar 24
SC TO-I/A
Issuer tender offer statement (amended)
8 Jan 24
D
$35.00 mm in equity
28 Dec 23
SC TO-I/A
Issuer tender offer statement (amended)
11 Dec 23
SC TO-I/A
Issuer tender offer statement (amended)
22 Nov 23
SC TO-I
Issuer tender offer statement
16 Nov 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
6 Sep 23
N-PX
Annual report of proxy voting record
25 Aug 23
Latest ownership filings
4
MARIO J GABELLI
1 Mar 24
4
John Chester Ball
22 Feb 24
SC 13G/A
BANK OF AMERICA CORP /DE/
31 Jan 24
3
Initial statement of insider ownership
18 Jan 24
SC 13G
UBS Group AG
18 Jan 24
NPORT-P
Gabelli Equity Trust Inc (Sep 2023 report)
29 Nov 23
NPORT-P
Gabelli Equity Trust Inc (Jun 2023 report)
29 Aug 23
NPORT-P
Gabelli Equity Trust Inc (Mar 2023 report)
30 May 23
NPORT-P
Gabelli Equity Trust Inc (Dec 2022 report)
1 Mar 23
3
Laura Linehan
30 Nov 22
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Gabelli Equity Trust Inc | – | -2.24 | -3.70 | -3.24 | 1.87 bn | 686 | Sep 2023 |
Institutional ownership, Q3 2023
6.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 163 |
Opened positions | 26 |
Closed positions | 17 |
Increased positions | 52 |
Reduced positions | 36 |
13F shares | Current |
---|---|
Total value | 95.88 bn |
Total shares | 20.50 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
MS Morgan Stanley | 2.10 mm | $10.79 bn |
LPL Financial | 2.03 mm | $10.43 bn |
Commonwealth Equity Services | 1.70 mm | $8.72 mm |
BAC Bank Of America | 1.63 mm | $8.37 bn |
Philadelphia Trust | 1.21 mm | $6.19 bn |
CNS Cohen & Steers | 868.64 k | $4.46 bn |
Gamco Investors | 846.68 k | $4.34 bn |
Creative Planning | 657.36 k | $3.37 bn |
RY Royal Bank Of Canada | 549.06 k | $2.82 bn |
Cetera Advisor Networks | 532.01 k | $2.73 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Feb 24 | Gabelli Mario J | Series N Cumulative Preferred Shares | Buy | Acquire P | No | No | 100 | 10,000 | 1.00 mm | 10,000 |
29 Feb 24 | Gabelli Mario J | Series N Cumulative Preferred Shares | Buy | Acquire P | Yes | No | 100 | 50,000 | 5.00 mm | 50,000 |
22 Feb 24 | John Chester Ball | Common Stock, Par Value $0.001 | Buy | Acquire P | No | No | 5.335 | 47 | 250.75 | 47 |