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GUT

Gabelli Utility Trust
GUT

42 hedge funds and large institutions have $10.6M invested in Gabelli Utility Trust in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 5

0.81% less ownership

Funds ownership: 4.26% → 3.45% (-0.81%)

5% less funds holding

Funds holding: 44 → 42 (-2)

17% less capital invested

Capital invested by funds: $12.8M → $10.6M (-$2.22M)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
42
Holders Change
-2
Holders Change %
-4.55%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
13
Reduced
5
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$138K
2
Morgan Stanley
Morgan Stanley
New York
+$132K
3
KA
Kovack Advisors
Florida
+$106K
4
CAM
Concorde Asset Management
Michigan
+$91.5K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$63.6K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$1.73M
2
CCP
Clough Capital Partners
Massachusetts
-$913K
3
IA
IFP Advisors
Florida
-$181K
4
WAM
Wolverine Asset Management
Illinois
-$144K
5
CAG
Crestwood Advisors Group
Massachusetts
-$87K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
26
US Bancorp
Minnesota
$13K – – –
AF
27
Allworth Financial
California
$11K – – –
Citigroup
28
Citigroup
New York
$10K – – –
CCM
29
Covington Capital Management
California
$9K +$213 +36 +2%
TRCT
30
Tower Research Capital (TRC)
New York
$9K +$9.12K +1,541 New
MRCM
31
M&R Capital Management
New Jersey
$7K +$7.36K +1,243 +987%
Deutsche Bank
32
Deutsche Bank
Germany
$5K – – –
FHB
33
First Hawaiian Bank
Hawaii
$5K – – –
KPW
34
Kore Private Wealth
New York
$4K +$4.47K +756 New
NFG
35
Next Financial Group
Texas
$3K – – –
CHC
36
City Holding Co
West Virginia
$2K – – –
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$2K – – –
AF
38
Advisornet Financial
Minnesota
$1K – – –
TFS
39
TrustCore Financial Services
Tennessee
$1K – – –
FDCDDQ
40
Federation des caisses Desjardins du Quebec
Quebec, Canada
$404 – – –
GT
41
Glenmede Trust
Pennsylvania
$1 +$2.01K +339 New
LCM
42
Laurion Capital Management
New York
– -$1.73M -305,607 Closed
CCP
43
Clough Capital Partners
Massachusetts
– -$913K -160,956 Closed
WAM
44
Wolverine Asset Management
Illinois
– -$144K -25,541 Closed
CAG
45
Crestwood Advisors Group
Massachusetts
– -$87K -15,390 Closed
SPIA
46
Steward Partners Investment Advisory
New York
– -$22K -3,878 Closed
SWP
47
Stratos Wealth Partners
Ohio
– -$2K -422 Closed
SFM
48
Signet Financial Management
New Jersey
– -$2K -384 Closed
PWAG
49
Polaris Wealth Advisory Group
California
– -$2K -286 Closed
Fidelity Investments
50
Fidelity Investments
Massachusetts
– -$118 -20 -95%
1
2

GUT Hedge Fund Activity: Q4 2018 in Review

42 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q4 2018, worth a combined $10.6M — down 17% from $12.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of GUT and 7 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 13 added.

The largest buyer was Royal Bank of Canada, adding an estimated $138K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.73M sold.

  • 42 institutional investors held Gabelli Utility Trust (GUT) as of Q4 2018, down from 44 in Q3 2018.
  • Funds reported $10.6M of Gabelli Utility Trust stock for Q4 2018, down 17% quarter-over-quarter.
  • 7 funds opened new Gabelli Utility Trust positions in Q4 2018 and 9 closed out, a net change of -2 holders.
  • The largest Gabelli Utility Trust buyer in Q4 2018 was Royal Bank of Canada, an estimated $138K added.
  • The largest Gabelli Utility Trust seller in Q4 2018 was Laurion Capital Management, an estimated $1.73M sold.

Based on aggregated 13F filings for Q4 2018.