GAB - Gabelli Equity Trust

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. March 19, 2026

   Goldstein started a fight over the shareholder vote. The meeting is on May 11, 2026.

   Original document →

2. March 2, 2026

   The fund offered holders the right to buy more shares, until March 24, 2026.

   Original document →

3. Oct 16, 2025

   The fund said it will repay some borrowed money on Dec 26, 2025.

   Original document →

4. March 20, 2025

   Goldstein started a fight over the shareholder vote. The meeting is on May 12, 2025.

   Original document →

About this fund

• Run by Gabelli Funds, LLC. Part of the Gabelli Fund Complex fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $2.04 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 15% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 99% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.2% a year in management fees; 1.6% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.60 a share. $0.05 of that was income; $0.44 came from gains; $0.11 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $5.59. The shares traded at $6.17, about 10.4% above that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 10% below to 10.1% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 3.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +7.8%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +19.1%. How the share price did: the shares returned +27.3% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1995.

What the fund holds

Mostly shares (95%), the rest bonds. About 84% issued in the U.S.

1. Ametek - 3.5%
2. Deere & Company - 3%
3. Berkshire Hathaway class A shares - 3%
4. Curtiss-Wright - 3%
5. Rolls-Royce Holdings PLC Ord GBP0.20 - 2.7%
6. American Express Company - 2.5%
7. Texas Instruments - 2.5%
8. Mastercard class A shares - 2.2%
9. O'reilly Automotive - 1.8%
10. Madison Square Garden Sports class A shares - 1.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →