The Gabelli Equity Trust

GAB • NYSE

The Gabelli Equity Trust is a publicly traded company on NYSE. As of Q3 2025, 169 institutional investors hold shares in this company, with total holdings valued at $128.2M. LPL Financial LLC is the largest holder with a position valued at $26.6M.

Websitegabelli.com

Overview

Overview of institutional ownership in GAB as of Q3 2025

All Institutions

Institutions: 169
Value Held: $128.2M
Shares Held: 21.1M
Avg Position: $758.9K
Median Position: $114.2K

Hedge Funds

Hedge Funds: 1
Value Held: $105.3K
Shares Held: 17.3K
Avg Position: $105.3K
Median Position: $105.3K

Biggest Investors

Institutions with the largest positions in GAB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$26.6M 0.01% of portfolio	0.00% 4.4M shares	Q4 2022 Held for 2y 11m	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$14.1M 0.00% of portfolio	0.00% 2.3M shares	Q4 2022 Held for 2y 11m	$1.65T
J J.W. COLE ADVISORS, INC. Institution	-	$7.8M 0.15% of portfolio	0.00% 1.3M shares	Q2 2023 Held for 2y 5m	$5.2B
G GAMCO INVESTORS, INC. ET AL Institution	-	$5.1M 0.05% of portfolio	0.00% 841.7K shares	Q4 2022 Held for 2y 11m	$10.3B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$4.1M 0.00% of portfolio	0.00% 667.0K shares	Q4 2022 Held for 2y 11m	$85.4B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$3.9M 0.00% of portfolio	0.00% 635.2K shares	Q4 2024 Held for 11 months	$310.43B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$3.9M 0.00% of portfolio	0.00% 635.1K shares	Q4 2022 Held for 2y 11m	$488.50B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.8M 0.00% of portfolio	0.00% 631.2K shares	Q4 2022 Held for 2y 11m	$1.33T
Live Oak Private Wealth LLC RIA/Wealth	Andrew Marshall Basinger CEO	$3.1M 0.44% of portfolio	0.00% 514.2K shares	Q4 2022 Held for 2y 11m	$718.0M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$2.9M 0.00% of portfolio	0.00% 477.1K shares	Q4 2022 Held for 2y 11m	$341.99B

Net Capital Flow

Institutional buying and selling activity for GAB in Q3 2025

Traded: +$6.7M
Buyers: 70
Sellers: 46
Total Bought: +$10.9M
Total Sold: −$4.2M
Avg Position: $678.7K

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$3.4M +563.9K shares	$26.6M 4.4M shares
Kestra Advisory Services, LLC RIA/Wealth	+$1.2M +194.2K shares	$1.6M 259.6K shares
WELLS FARGO & COMPANY/MN Institution	+$1.1M +179.2K shares	$3.9M 635.1K shares
G GUGGENHEIM CAPITAL LLC Institution	+$687.0K +112.8K shares	$2.9M 471.8K shares
BANK OF AMERICA CORP /DE/ Institution	+$608.5K +99.9K shares	$3.8M 631.2K shares
HOLLENCREST SECURITIES LLC RIA/Wealth	+$581.8K +- shares	$581.8K 95.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$553.5K +-1.9K shares	$553.5K 90.9K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$492.0K +80.8K shares	$3.9M 635.2K shares
Cetera Investment Advisers RIA/Wealth	+$400.2K +65.7K shares	$4.1M 667.0K shares
NBC SECURITIES, INC. RIA/Wealth	+$228.1K +- shares	$228.1K 37.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$890.1K −146.2K shares	$14.1M 2.3M shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	−$536.0K −92.1K shares	Sold Off 0 shares
Golden State Wealth Management, LLC RIA/Wealth	−$324.9K −53.4K shares	$1.7M 286.5K shares
Empirical Financial Services, LLC RIA/Wealth	−$263.9K −43.3K shares	$436.1K 71.6K shares
Baird Financial Group, Inc. Private Equity	−$189.4K −32.5K shares	Sold Off 0 shares
C Cornell Pochily Investment Advisors, Inc. RIA/Wealth	−$172.2K −29.6K shares	Sold Off 0 shares
Valeo Financial Advisors, LLC RIA/Wealth	−$170.6K −29.3K shares	Sold Off 0 shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	−$156.4K −26.9K shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$150.0K −25.8K shares	Sold Off 0 shares
Legacy Wealth Management, LLC / MS RIA/Wealth	−$131.1K −21.5K shares	$190.1K 31.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GAB in Q3 2025

New Positions: 13
New Value: $1.7M
Exited Positions: 19
Exited Value: $1.9M

New Positions

Institution	Position Value
HOLLENCREST SECURITIES LLC RIA/Wealth	$581.8K 95.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$553.5K 90.9K shares
NBC SECURITIES, INC. RIA/Wealth	$228.1K 37.4K shares
We Are One Seven, LLC RIA/Wealth	$96.6K 15.9K shares
4 49 WEALTH MANAGEMENT, LLC Institution	$82.2K 13.5K shares
N New England Private Wealth Advisors LLC RIA/Wealth	$69.7K 11.4K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$60.9K 10.0K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$60.9K 10.0K shares
Sontag Advisory, LLC RIA/Wealth	$7.3K 1.2K shares
HIGHLINE WEALTH PARTNERS LLC RIA/Wealth	$3.0K 500.0 shares

Exited Positions

Institution	Previous Position
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	$536.0K 92.1K shares
Baird Financial Group, Inc. Private Equity	$189.4K 32.5K shares
C Cornell Pochily Investment Advisors, Inc. RIA/Wealth	$172.2K 29.6K shares
Valeo Financial Advisors, LLC RIA/Wealth	$170.6K 29.3K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	$156.4K 26.9K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$150.0K 25.8K shares
Evernest Financial Advisors, LLC RIA/Wealth	$115.6K 19.9K shares
T TWO SIGMA SECURITIES, LLC Institution	$106.6K 18.3K shares
INTL FCSTONE INC. Institution	$79.2K 13.6K shares
Triton Wealth Management, PLLC RIA/Wealth	$65.5K 11.0K shares

Options Activity

Institutions with the largest Call and Put options positions in GAB as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with GAB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Accel Wealth Management RIA/Wealth	Todd Joseph Manternach Managing Partner	0.65% $2.2M	0.00% 364.2K shares	Q4 2022 Held for 2y 11m	$343.8M
Valley Brook Capital Group, Inc. RIA/Wealth	Robert Michael Pulit CCO	0.47% $693.3K	0.00% 113.8K shares	Q4 2022 Held for 2y 11m	$148.8M
Live Oak Private Wealth LLC RIA/Wealth	Andrew Marshall Basinger CEO	0.44% $3.1M	0.00% 514.2K shares	Q4 2022 Held for 2y 11m	$718.0M
LEIGH BALDWIN & CO., LLC RIA/Wealth	Leigh Douglas Baldwin President	0.24% $524.3K	0.00% 86.1K shares	Q4 2024 Held for 11 months	$215.8M
FLYNN ZITO CAPITAL MANAGEMENT, LLC RIA/Wealth	Richard Joseph Zito Managing Partner	0.20% $540.8K	0.00% 88.8K shares	Q4 2022 Held for 2y 11m	$270.7M
Golden State Wealth Management, LLC RIA/Wealth	Daniel Robert Catone Managing Partner	0.19% $1.7M	0.00% 286.5K shares	Q4 2024 Held for 11 months	$903.5M
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC RIA/Wealth	Edward Richard Cofrancesco CEO	0.19% $2.3M	0.00% 397.4K shares	Q4 2024 Held for 11 months	$1.2B
Darden Wealth Group Inc RIA/Wealth	Andrea Bernardini Darden CEO	0.18% $347.1K	0.00% 57.0K shares	Q2 2024 Held for 1y 5m	$191.0M
J J.W. COLE ADVISORS, INC. Institution	-	0.15% $7.8M	0.00% 1.3M shares	Q2 2023 Held for 2y 5m	$5.2B
M Marks Group Wealth Management, Inc RIA/Wealth	Bennett Eldon Marks CEO	0.14% $1.5M	0.00% 244.8K shares	Q4 2022 Held for 2y 11m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in GAB

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in The Gabelli Equity Trust

Market Value: $105.3K
Shares Held: 17.3K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%