Gabelli Utility Trust
GUT
36 hedge funds and large institutions have $14.1M invested in Gabelli Utility Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 3 closing their positions.
1.02% less ownership
Funds ownership: 6.18% → 5.16% (-1%)
3% less funds holding
Funds holding: 37 → 36 (-1)
11% less capital invested
Capital invested by funds: $15.9M → $14.1M (-$1.82M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$261K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$25.3K |
| 3 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$22.4K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$15.5K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$5.26K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $9K | -$17K | -2,656 | -67% |
|
27
US Bancorp
Minneapolis,
Minnesota
| $8K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $8K | +$5.26K | +821 | +235% |
|
|
AIG
29
American International Group
New York
| $6.83K | – | – | – |
|
|
DOA
30
D'Orazio & Associates
Falls Church,
Virginia
| $6K | +$4.87K | +759 | +937% |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $5K | – | – | – |
|
32
Citigroup
New York
| $2K | -$43.5K | -6,790 | -96% |
|
|
WA
33
Waverly Advisors
Birmingham,
Alabama
| $2K | – | – | – |
|
34
Bessemer Group
Woodbridge,
New Jersey
| $2K | +$2.1K | +328 | New |
|
|
NES
35
New England Securities
New York
| $1K | -$17.1K | -2,668 | -96% |
|
36
SG Americas Securities
New York
| – | -$309K | -49,640 | Closed |
|
|
VKH
37
Virtu KCG Holdings
New York
| – | -$221K | -35,490 | Closed |
|
|
WCM
38
Windsor Capital Management
Phoenix,
Arizona
| – | -$6K | -1,038 | Closed |
|
|
TCM
39
TD Capital Management
Memphis,
Tennessee
| – | +$6 | +1 | +4% |
|
GUT Hedge Fund Activity: Q1 2014 in Review
36 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q1 2014, worth a combined $14.1M — down 11% from $15.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GUT and 2 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $261K. The largest seller was Sit Investment Associates, cutting an estimated $2M.
- 36 institutional investors held Gabelli Utility Trust (GUT) as of Q1 2014, down from 37 in Q4 2013.
- Funds reported $14.1M of Gabelli Utility Trust stock for Q1 2014, down 11% quarter-over-quarter.
- 2 funds opened new Gabelli Utility Trust positions in Q1 2014 and 3 closed out, a net change of -1 holder.
- The largest Gabelli Utility Trust buyer in Q1 2014 was Morgan Stanley, an estimated $261K added.
- The largest Gabelli Utility Trust seller in Q1 2014 was Sit Investment Associates, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2014.