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-PG, GAB-PH, GAB-PK, GAB+K
Exchange
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
IRS number
222736509
GAB stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
5 Apr 23
DEF 14A
Definitive proxy
5 Apr 23
N-CEN
Annual report (registered investment company)
14 Mar 23
N-CSR
Certified annual shareholder report (management investment company)
9 Mar 23
N-CSRS/A
Certified semi-annual shareholder report (management investment company) (amended)
12 Sep 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
7 Sep 22
N-PX
Annual report of proxy voting record
24 Aug 22
DEFA14A
Additional proxy soliciting materials
24 Mar 22
DEF 14A
Definitive proxy
24 Mar 22
N-CEN
Annual report (registered investment company)
15 Mar 22
Latest ownership filings
NPORT-P
Gabelli Equity Trust Inc (Dec 2022 report)
1 Mar 23
3
Laura Linehan
30 Nov 22
NPORT-P
Gabelli Equity Trust Inc (Sep 2022 report)
29 Nov 22
NPORT-P
Gabelli Equity Trust Inc (Jun 2022 report)
29 Aug 22
NPORT-P
Gabelli Equity Trust Inc (Mar 2022 report)
31 May 22
NPORT-P
Gabelli Equity Trust Inc (Dec 2021 report)
1 Mar 22
4
Agnes Mullady
18 Feb 22
4
BRUCE N ALPERT
2 Feb 22
4
MARIO J GABELLI
21 Dec 21
4
Kuni Nakamura
21 Dec 21
Funds
| Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
|---|---|---|---|---|---|---|---|
| Gabelli Equity Trust Inc | – | -2.18 | 13.94 | -8.11 | 1.94 bn | 700 | Dec 2022 |
Institutional ownership, Q1 2023
6.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 150 |
| Opened positions | 9 |
| Closed positions | 26 |
| Increased positions | 56 |
| Reduced positions | 27 |
| 13F shares | Current |
|---|---|
| Total value | 115.00 bn |
| Total shares | 20.15 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| LPL Financial | 2.13 mm | $12.25 bn |
| MS Morgan Stanley | 2.13 mm | $12.25 bn |
| BAC Bank Of America | 1.86 mm | $10.70 bn |
| Commonwealth Equity Services | 1.64 mm | $9.44 bn |
| Philadelphia Trust | 1.16 mm | $6.69 bn |
| Gamco Investors | 885.41 k | $5.08 bn |
| WFC Wells Fargo & Co. | 723.77 k | $4.15 bn |
| CNS Cohen & Steers | 683.64 k | $3.93 bn |
| BerganKDV Wealth Management | 622.51 k | $3.57 bn |
| RY Royal Bank Of Canada | 541.66 k | $3.11 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Feb 22 | Agnes Mullady | Common Stock, Par Value $0.001 | Buy | Acquire P | No | No | 6.945 | 150 | 1.04 k | 150 |
| 31 Jan 22 | Bruce N Alpert | Series J Cumulative Preferred Shares | Other | Dispose J | Yes | No | 25 | 4,000 | 100.00 k | 0 |
| 31 Jan 22 | Bruce N Alpert | Series J Cumulative Preferred Shares | Other | Dispose J | No | No | 25 | 4,312 | 107.80 k | 0 |
| 17 Dec 21 | Kuni Nakamura | Series M Cumulative Preferred Stock | Buy | Acquire P | No | No | 100 | 3,000 | 300.00 k | 3,000 |
| 17 Dec 21 | Gabelli Mario J | Series M Cumulative Preferred Stock | Buy | Acquire P | Yes | No | 100 | 20,000 | 2.00 mm | 20,000 |
| 17 Dec 21 | Gabelli Mario J | Series M Cumulative Preferred Stock | Buy | Acquire P | Yes | No | 100 | 40,000 | 4.00 mm | 40,000 |