Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $17.3M invested in Gabelli Utility & Income Trust in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
36% more capital invested
Capital invested by funds: $12.7M → $17.3M (+$4.6M)
4.98% more ownership
Funds ownership: 16.34% → 21.33% (+5%)
9% less funds holding
Funds holding: 23 → 21 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.89M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$537K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$275K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$98.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$85.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$473K |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$456K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$355K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$330K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$162K |
GLU Hedge Fund Activity: Q3 2013 in Review
21 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2013, worth a combined $17.3M — up 36% from $12.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GLU and 2 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 8 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.89M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $473K sold.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2013, down from 23 in Q2 2013.
- Funds reported $17.3M of Gabelli Utility & Income Trust stock for Q3 2013, up 36% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q3 2013 and 4 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q3 2013 was Sit Investment Associates, an estimated $4.89M added.
- The largest Gabelli Utility & Income Trust seller in Q3 2013 was Balyasny Asset Management, an estimated $473K sold.
Based on aggregated 13F filings for Q3 2013.