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GUT

Gabelli Utility Trust
GUT

48 hedge funds and large institutions have $28.6M invested in Gabelli Utility Trust in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more capital invested

Capital invested by funds: $20.9M → $28.6M (+$7.62M)

0.69% more ownership

Funds ownership: 6.74% → 7.43% (+0.69%)

2% less funds holding

Funds holding: 49 → 48 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
48
Holders Change
-1
Holders Change %
-2.04%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
9
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$436K
2
SRC
Sage Rhino Capital
California
+$322K
3
FIA
Foundations Investment Advisors
Arizona
+$321K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$288K
5
TF
Trek Financial
Arizona
+$225K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$318K
2
Bank of America
Bank of America
North Carolina
-$286K
3
APW
Aurora Private Wealth
New Jersey
-$189K
4
CS
Credit Suisse
Switzerland
-$150K
5
Morgan Stanley
Morgan Stanley
New York
-$128K
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
26
Kovack Advisors
Florida
$86K -$44.4K -6,605 -35%
RIG
27
Ramiah Investment Group
Wisconsin
$83K +$79.5K +11,831 New
FWM
28
Frontier Wealth Management
Missouri
$80K – – –
LCM
29
Liberty Capital Management
Michigan
$72K – – –
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$72K +$69K +10,271 New
PIMG
31
Patriot Investment Management Group
Tennessee
$21.6K +$20.7K +3,078 New
BCWM
32
Bartlett & Co Wealth Management
Ohio
$18.2K – – –
BC
33
Bartlett & Co
Ohio
$18K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$17K – – –
RMC
35
Resources Management Corp
Connecticut
$17K +$15.9K +2,360 New
Citigroup
36
Citigroup
New York
$15K +$47 +7 +0.3%
GAM
37
Gemmer Asset Management
California
$14K – – –
GWM
38
Geneos Wealth Management
Colorado
$14K +$67 +10 +0.5%
CCM
39
Covington Capital Management
California
$12K +$242 +36 +2%
MRCM
40
M&R Capital Management
New Jersey
$9K – – –
CB
41
Community Bank
New York
$6K – – –
CFGS
42
Concourse Financial Group Securities
Alabama
$6K – – –
PAG
43
Private Advisor Group
New Jersey
$5K +$4.31K +641 New
Rockefeller Capital Management
44
Rockefeller Capital Management
New York
$3K – – –
GT
45
Glenmede Trust
Pennsylvania
$2K – – –
TFS
46
TrustCore Financial Services
Tennessee
$1K – – –
US Bancorp
47
US Bancorp
Minnesota
$1K – – –
FDCDDQ
48
Federation des caisses Desjardins du Quebec
Quebec, Canada
$490 – – –
CS
49
Credit Suisse
Switzerland
– -$150K -26,368 Closed
TCM
50
Telos Capital Management
California
– -$77K -13,543 Closed
1
2
3

GUT Hedge Fund Activity: Q2 2020 in Review

48 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q2 2020, worth a combined $28.6M — up 36% from $20.9M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of GUT and 9 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 9 added.

The largest buyer was Royal Bank of Canada, adding an estimated $436K. The largest seller was Osaic Holdings, cutting an estimated $318K.

  • 48 institutional investors held Gabelli Utility Trust (GUT) as of Q2 2020, down from 49 in Q1 2020.
  • Funds reported $28.6M of Gabelli Utility Trust stock for Q2 2020, up 36% quarter-over-quarter.
  • 9 funds opened new Gabelli Utility Trust positions in Q2 2020 and 10 closed out, a net change of -1 holder.
  • The largest Gabelli Utility Trust buyer in Q2 2020 was Royal Bank of Canada, an estimated $436K added.
  • The largest Gabelli Utility Trust seller in Q2 2020 was Osaic Holdings, an estimated $318K sold.

Based on aggregated 13F filings for Q2 2020.