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GUT

Gabelli Utility Trust
GUT

47 hedge funds and large institutions have $15.1M invested in Gabelli Utility Trust in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

19% more capital invested

Capital invested by funds: $12.7M → $15.1M (+$2.37M)

9% more funds holding

Funds holding: 43 → 47 (+4)

0.59% more ownership

Funds ownership: 3.52% → 4.12% (+0.59%)

Holders
47
Holders Change
+4
Holders Change %
+9.3%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
15
Reduced
5
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$966K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$478K
3
Morgan Stanley
Morgan Stanley
New York
+$343K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$182K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$135K

Top Sellers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$79K
2
Bank of America
Bank of America
North Carolina
-$77K
3
RJA
Raymond James & Associates
Florida
-$15.9K
4
TA
TCG Advisors
Texas
-$14.7K
5
AG
Advisor Group
Arizona
-$8.68K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Liberty Capital Management
Michigan
$70K – – –
CBT
27
Capital Bank & Trust
California
$67K +$66.6K +9,850 New
RCAG
28
Rehmann Capital Advisory Group
Michigan
$59.6K – – –
BC
29
Bartlett & Co
Ohio
$18K +$17.5K +2,589 New
BCWM
30
Bartlett & Co Wealth Management
Ohio
$17.6K +$17.5K +2,589 New
GAM
31
Gemmer Asset Management
California
$14K +$13.8K +2,048 New
Citigroup
32
Citigroup
New York
$12K – – –
CCM
33
Covington Capital Management
California
$11K +$230 +34 +2%
TA
34
TCG Advisors
Texas
$10K -$14.7K -2,170 -60%
GWMIA
35
Global Wealth Management Investment Advisory
Florida
$10K +$10.1K +1,496 New
MRCM
36
M&R Capital Management
New Jersey
$9K – – –
Deutsche Bank
37
Deutsche Bank
Germany
$6K – – –
CFGS
38
Concourse Financial Group Securities
Alabama
$6K +$6.23K +921 New
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$3K – – –
NFG
40
Next Financial Group
Texas
$3K – – –
CHC
41
City Holding Co
West Virginia
$2K – – –
TFS
42
TrustCore Financial Services
Tennessee
$1K – – –
US Bancorp
43
US Bancorp
Minnesota
$1K – – –
FDCDDQ
44
Federation des caisses Desjardins du Quebec
Quebec, Canada
$475 – – –
GT
45
Glenmede Trust
Pennsylvania
$2 – – –
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
– -$79K -11,645 Closed
FHB
47
First Hawaiian Bank
Hawaii
– -$6K -878 Closed
KPW
48
Kore Private Wealth
New York
– -$5K -756 Closed
BCI
49
Brinker Capital Investments
Pennsylvania
– -$1K -206 Closed
Fidelity Investments
50
Fidelity Investments
Massachusetts
– +$14 +2 New
1
2
3

GUT Hedge Fund Activity: Q2 2019 in Review

47 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q2 2019, worth a combined $15.1M — up 19% from $12.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new GUT positions and 4 closed out — a net gain of 6 holders — while 15 added to existing stakes and 5 trimmed.

The largest buyer was LPL Financial, adding an estimated $966K. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $79K sold.

  • 47 institutional investors held Gabelli Utility Trust (GUT) as of Q2 2019, up from 43 in Q1 2019.
  • Funds reported $15.1M of Gabelli Utility Trust stock for Q2 2019, up 19% quarter-over-quarter.
  • 10 funds opened new Gabelli Utility Trust positions in Q2 2019 and 4 closed out, a net change of +6 holders.
  • The largest Gabelli Utility Trust buyer in Q2 2019 was LPL Financial, an estimated $966K added.
  • The largest Gabelli Utility Trust seller in Q2 2019 was Cambridge Investment Research Advisors, an estimated $79K sold.

Based on aggregated 13F filings for Q2 2019.