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GUT

Gabelli Utility Trust
GUT

40 hedge funds and large institutions have $18.4M invested in Gabelli Utility Trust in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 5

22% more capital invested

Capital invested by funds: $15.1M → $18.4M (+$3.3M)

0.61% more ownership

Funds ownership: 4.12% → 4.73% (+0.61%)

15% less funds holding

Funds holding: 47 → 40 (-7)

88% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 8

Holders
40
Holders Change
-7
Holders Change %
-14.89%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
14
Reduced
5
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$1.2M
2
LPL Financial
LPL Financial
California
+$1.14M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$273K
4
SS
Sunbelt Securities
Texas
+$224K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$119K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$358K
2
AWA
Arete Wealth Advisors
Illinois
-$115K
3
MAFM
Mid Atlantic Financial Management
Pennsylvania
-$104K
4
CAM
Concorde Asset Management
Michigan
-$91K
5
HWM
Highwater Wealth Management
Colorado
-$78K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCWM
26
Bartlett & Co Wealth Management
Ohio
$18.7K – – –
GAM
27
Gemmer Asset Management
California
$15K – – –
Citigroup
28
Citigroup
New York
$13K – – –
CCM
29
Covington Capital Management
California
$12K +$231 +33 +2%
MRCM
30
M&R Capital Management
New Jersey
$9K – – –
CFGS
31
Concourse Financial Group Securities
Alabama
$7K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$6K – – –
NFG
33
Next Financial Group
Texas
$4K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$3K – – –
CHC
35
City Holding Co
West Virginia
$2K – – –
TFS
36
TrustCore Financial Services
Tennessee
$2K – – –
US Bancorp
37
US Bancorp
Minnesota
$1K – – –
FDCDDQ
38
Federation des caisses Desjardins du Quebec
Quebec, Canada
$505 – – –
GT
39
Glenmede Trust
Pennsylvania
$2 – – –
AWA
40
Arete Wealth Advisors
Illinois
– -$115K -16,960 Closed
MAFM
41
Mid Atlantic Financial Management
Pennsylvania
– -$104K -15,287 Closed
CAM
42
Concorde Asset Management
Michigan
– -$91K -13,406 Closed
HWM
43
Highwater Wealth Management
Colorado
– -$78K -11,388 Closed
CBT
44
Capital Bank & Trust
California
– -$67K -9,850 Closed
GWMIA
45
Global Wealth Management Investment Advisory
Florida
– -$10K -1,496 Closed
TA
46
TCG Advisors
Texas
– -$10K -1,468 Closed
1
2

GUT Hedge Fund Activity: Q3 2019 in Review

40 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2019, worth a combined $18.4M — up 22% from $15.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of GUT and 1 opened new positions — a net loss of 7 holders — while 5 trimmed existing stakes and 14 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $1.2M. The largest seller was Morgan Stanley, cutting an estimated $358K.

  • 40 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2019, down from 47 in Q2 2019.
  • Funds reported $18.4M of Gabelli Utility Trust stock for Q3 2019, up 22% quarter-over-quarter.
  • 1 fund opened new Gabelli Utility Trust positions in Q3 2019 and 8 closed out, a net change of -7 holders.
  • The largest Gabelli Utility Trust buyer in Q3 2019 was Commonwealth Equity Services, an estimated $1.2M added.
  • The largest Gabelli Utility Trust seller in Q3 2019 was Morgan Stanley, an estimated $358K sold.

Based on aggregated 13F filings for Q3 2019.