Gabelli Utility Trust
GUT
38 hedge funds and large institutions have $16M invested in Gabelli Utility Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
12% more funds holding
Funds holding: 34 → 38 (+4)
0.72% less ownership
Funds ownership: 6.99% → 6.27% (-0.72%)
12% less capital invested
Capital invested by funds: $18.2M → $16M (-$2.18M)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.48M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$431K |
| 3 |
Morgan Stanley
New York
|
+$265K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$167K |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
+$37.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$2.43M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.54M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$58.7K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$47.3K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$29.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
26
D.A. Davidson & Co
Great Falls,
Montana
| $8K | – | – | – |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $8K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $8K | +$8.54K | +1,346 | New |
|
29
US Bancorp
Minneapolis,
Minnesota
| $7K | +$3.22K | +507 | +76% |
|
|
AIG
30
American International Group
New York
| $6.39K | -$8.5K | -1,340 | -56% |
|
|
WCM
31
Windsor Capital Management
Phoenix,
Arizona
| $6K | – | – | – |
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $5K | -$3.29K | -518 | -37% |
|
|
LTFS
33
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | -$1.96K | -308 | -47% |
|
34
Citigroup
New York
| $2K | – | – | – |
|
|
FWM
35
Focused Wealth Management
Newburgh,
New York
| $2K | +$685 | +108 | New |
|
|
WA
36
Waverly Advisors
Birmingham,
Alabama
| $2K | +$1.96K | +308 | New |
|
|
MA
37
MUFG Americas
New York
| $1K | – | – | – |
|
|
GI
38
Gradient Investments
Arden Hills,
Minnesota
| – | -$6K | -1,026 | Closed |
|
39
Nomura Holdings
Tokyo,
Japan
| – | -$6K | -923 | Closed |
|
|
TCM
40
TD Capital Management
Memphis,
Tennessee
| – | +$13 | +2 | +8% |
|
GUT Hedge Fund Activity: Q3 2013 in Review
38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2013, worth a combined $16M — down 12% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GUT positions and 2 closed out — a net gain of 5 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.48M. The largest seller was SG Americas Securities, cutting an estimated $2.43M.
- 38 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2013, up from 34 in Q2 2013.
- Funds reported $16M of Gabelli Utility Trust stock for Q3 2013, down 12% quarter-over-quarter.
- 7 funds opened new Gabelli Utility Trust positions in Q3 2013 and 2 closed out, a net change of +5 holders.
- The largest Gabelli Utility Trust buyer in Q3 2013 was Sit Investment Associates, an estimated $1.48M added.
- The largest Gabelli Utility Trust seller in Q3 2013 was SG Americas Securities, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2013.