Gabelli Utility Trust
GUT
33 hedge funds and large institutions have $13M invested in Gabelli Utility Trust in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
0.55% less ownership
Funds ownership: 5.02% → 4.46% (-0.55%)
13% less funds holding
Funds holding: 38 → 33 (-5)
14% less capital invested
Capital invested by funds: $15M → $13M (-$2.03M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.03M |
| 2 |
Morgan Stanley
New York
|
+$328K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$284K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$172K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$20.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.78M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$800K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$639K |
| 4 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$200K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$42.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $8K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $8K | – | – | – |
|
|
AIG
28
American International Group
New York
| $7.19K | – | – | – |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $6K | – | – | – |
|
|
DOA
30
D'Orazio & Associates
Falls Church,
Virginia
| $6K | – | – | – |
|
31
Citigroup
New York
| $2K | -$7.4K | -1,057 | -81% |
|
|
WA
32
Waverly Advisors
Birmingham,
Alabama
| $2K | – | – | – |
|
|
SIA
33
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$1.78M | -248,521 | Closed |
|
|
YCM
34
Yakira Capital Management
Westport,
Connecticut
| – | -$800K | -111,820 | Closed |
|
|
AWA
35
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
| – | -$200K | -27,918 | Closed |
|
|
ACM
36
Antonetti Capital Management
Naples,
Florida
| – | -$17K | -2,404 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$5K | -670 | Closed |
|
|
NES
38
New England Securities
New York
| – | -$1K | -115 | Closed |
|
|
TCM
39
TD Capital Management
Memphis,
Tennessee
| – | +$7 | +1 | +4% |
|
GUT Hedge Fund Activity: Q3 2014 in Review
33 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2014, worth a combined $13M — down 14% from $15M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GUT and 2 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was LPL Financial, adding an estimated $1.03M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.78M sold.
- 33 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2014, down from 38 in Q2 2014.
- Funds reported $13M of Gabelli Utility Trust stock for Q3 2014, down 14% quarter-over-quarter.
- 2 funds opened new Gabelli Utility Trust positions in Q3 2014 and 7 closed out, a net change of -5 holders.
- The largest Gabelli Utility Trust buyer in Q3 2014 was LPL Financial, an estimated $1.03M added.
- The largest Gabelli Utility Trust seller in Q3 2014 was Sit Investment Associates, an estimated $1.78M sold.
Based on aggregated 13F filings for Q3 2014.