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GUT

Gabelli Utility Trust
GUT

50 hedge funds and large institutions have $13.5M invested in Gabelli Utility Trust in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

433% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 3

120% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 5

35% more funds holding

Funds holding: 37 → 50 (+13)

23% more capital invested

Capital invested by funds: $11M → $13.5M (+$2.49M)

1.38% more ownership

Funds ownership: 3.67% → 5.05% (+1.4%)

Holders
50
Holders Change
+13
Holders Change %
+35.14%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
11
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.28M
2
CS
Credit Suisse
Switzerland
+$1.11M
3
YCM
Yakira Capital Management
Connecticut
+$667K
4
Morgan Stanley
Morgan Stanley
New York
+$351K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$231K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$139K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$48.7K
3
GWM
Geneos Wealth Management
Colorado
-$22.6K
4
CA
Calton & Associates
Florida
-$14K
5
SWP
Stratos Wealth Partners
Ohio
-$10K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCAG
26
Rehmann Capital Advisory Group
Michigan
$53K +$59K +8,743 New
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$31K +$14.7K +2,180 +75%
FMTCOCP
28
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$29.9K – – –
SPIA
29
Steward Partners Investment Advisory
New York
$23K – – –
SEI Investments
30
SEI Investments
Pennsylvania
$21K +$23.2K +3,437 New
MBT
31
Monroe Bank & Trust
Michigan
$19K – – –
MFT
32
Moisand Fitzgerald Tamayo
Florida
$14K +$15.6K +2,319 New
US Bancorp
33
US Bancorp
Minnesota
$13K – – –
AF
34
Allworth Financial
California
$12K – – –
CCM
35
Covington Capital Management
California
$6K +$128 +19 +2%
Deutsche Bank
36
Deutsche Bank
Germany
$5K – – –
SFSIG
37
San Francisco Sentry Investment Group
California
$5K – – –
Manulife (Manufacturers Life Insurance)
38
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3K – – –
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$3K +$2.9K +430 New
CHC
40
City Holding Co
West Virginia
$2K – – –
GT
41
Glenmede Trust
Pennsylvania
$2K – – –
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$2K – – –
SFM
43
Signet Financial Management
New Jersey
$2K +$2.59K +384 New
Citigroup
44
Citigroup
New York
$1K – – –
TFS
45
TrustCore Financial Services
Tennessee
$1K +$27 +4 +2%
IWM
46
IHT Wealth Management
Illinois
$1K +$972 +144 New
RWA
47
Ropes Wealth Advisors
Massachusetts
$1K +$1.24K +183 New
AF
48
Advisornet Financial
Minnesota
$1K +$1.38K +205 New
FDCDDQ
49
Federation des caisses Desjardins du Quebec
Quebec, Canada
$424 – – –
CA
50
Calton & Associates
Florida
– -$14K -2,052 Closed
1
2
3

GUT Hedge Fund Activity: Q1 2018 in Review

50 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q1 2018, worth a combined $13.5M — up 23% from $11M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GUT positions and 3 closed out — a net gain of 13 holders — while 11 added to existing stakes and 5 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.28M. The largest seller was Bank of America, cutting an estimated $139K.

  • 50 institutional investors held Gabelli Utility Trust (GUT) as of Q1 2018, up from 37 in Q4 2017.
  • Funds reported $13.5M of Gabelli Utility Trust stock for Q1 2018, up 23% quarter-over-quarter.
  • 16 funds opened new Gabelli Utility Trust positions in Q1 2018 and 3 closed out, a net change of +13 holders.
  • The largest Gabelli Utility Trust buyer in Q1 2018 was Rivernorth Capital Management, an estimated $1.28M added.
  • The largest Gabelli Utility Trust seller in Q1 2018 was Bank of America, an estimated $139K sold.

Based on aggregated 13F filings for Q1 2018.