Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $22.7M invested in Gabelli Utility & Income Trust in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 4 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
118% more capital invested
Capital invested by funds: $10.4M → $22.7M (+$12.3M)
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
21.49% more ownership
Funds ownership: 12.78% → 34.27% (+21%)
11% more funds holding
Funds holding: 19 → 21 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
+$7.14M |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$4.58M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$1.54M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.12M |
| 5 |
Morgan Stanley
New York
|
+$533K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$203K |
| 2 |
HPC
HM Payson & Co
Portland,
Maine
|
-$198K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$61.6K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$45.9K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$9K |
GLU Hedge Fund Activity: Q4 2018 in Review
21 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2018, worth a combined $22.7M — up 118% from $10.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GLU positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 3 trimmed.
The largest buyer was CSS LLC, adding an estimated $7.14M. The largest seller was Matisse Capital, exiting entirely with an estimated $203K sold.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2018, up from 19 in Q3 2018.
- Funds reported $22.7M of Gabelli Utility & Income Trust stock for Q4 2018, up 118% quarter-over-quarter.
- 6 funds opened new Gabelli Utility & Income Trust positions in Q4 2018 and 4 closed out, a net change of +2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2018 was CSS LLC, an estimated $7.14M added.
- The largest Gabelli Utility & Income Trust seller in Q4 2018 was Matisse Capital, an estimated $203K sold.
Based on aggregated 13F filings for Q4 2018.