Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $14M invested in Gabelli Utility & Income Trust in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 5 closing their positions.
0.04% less ownership
Funds ownership: 19.8% → 19.76% (-0.04%)
3% less capital invested
Capital invested by funds: $14.4M → $14M (-$381K)
9% less funds holding
Funds holding: 23 → 21 (-2)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$174K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$171K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$148K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$112K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$85.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$287K |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$195K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$155K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$47K |
| 5 |
Morgan Stanley
New York
|
-$24.2K |
GLU Hedge Fund Activity: Q4 2023 in Review
21 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2023, worth a combined $14M — down 2.6% from $14.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GLU and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $174K. The largest seller was Osaic Holdings, cutting an estimated $287K.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2023, down from 23 in Q3 2023.
- Funds reported $14M of Gabelli Utility & Income Trust stock for Q4 2023, down 2.6% quarter-over-quarter.
- 3 funds opened new Gabelli Utility & Income Trust positions in Q4 2023 and 5 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2023 was Landscape Capital Management, an estimated $174K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2023 was Osaic Holdings, an estimated $287K sold.
Based on aggregated 13F filings for Q4 2023.