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GUT

Gabelli Utility Trust
GUT

82 hedge funds and large institutions have $37.3M invested in Gabelli Utility Trust in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 19

13% more capital invested

Capital invested by funds: $33M → $37.3M (+$4.31M)

1.08% more ownership

Funds ownership: 9.96% → 11.04% (+1.1%)

5% less funds holding

Funds holding: 86 → 82 (-4)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

Holders
82
Holders Change
-4
Holders Change %
-4.65%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
28
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.13M
2
KWA
Kellett Wealth Advisors
Ohio
+$151K
3
AWS
Atria Wealth Solutions
New York
+$132K
4
KAS
Kestra Advisory Services
Texas
+$77.5K
5
WAM
Wolverine Asset Management
Illinois
+$73.7K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$645K
2
Osaic Holdings
Osaic Holdings
Arizona
-$381K
3
Bank of America
Bank of America
North Carolina
-$274K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$243K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wealth Enhancement Advisory Services
26
Wealth Enhancement Advisory Services
Minnesota
$171K +$28.5K +5,077 +19%
LFG
27
Leverty Financial Group
Wisconsin
$169K – – –
UBS Group
28
UBS Group
Switzerland
$163K -$103K -18,318 -37%
CA
29
CoreCap Advisors
Michigan
$162K – – –
CAPTRUST Financial Advisors
30
CAPTRUST Financial Advisors
North Carolina
$156K +$23.1K +4,109 +16%
KWA
31
Kellett Wealth Advisors
Ohio
$142K +$151K +26,881 New
HH
32
Hilltop Holdings
Texas
$136K -$94.7K -16,859 -40%
CAN
33
Cetera Advisor Networks
California
$133K +$52.4K +9,332 +59%
KAS
34
Kestra Advisory Services
Texas
$130K +$77.5K +13,787 +127%
BCM
35
Brookstone Capital Management
Illinois
$128K +$14K +2,494 +11%
MML Investors Services
36
MML Investors Services
Massachusetts
$126K -$36.4K -6,482 -21%
GLA
37
Good Life Advisors
Pennsylvania
$121K +$1.98K +353 +2%
VFPW
38
Vantage Financial Partners (Wisconsin)
Wisconsin
$120K +$230 +41 +0.2%
BWM
39
BNC Wealth Management
Oregon
$102K – – –
RFS
40
Retirement Financial Solutions
Tennessee
$99.1K +$5.93K +1,056 +6%
EWS
41
Eagle Wealth Strategies
New Jersey
$98.3K +$105K +18,610 New
CIG
42
Cascade Investment Group
Colorado
$96K – – –
VAG
43
VisionPoint Advisory Group
Texas
$94.4K +$534 +95 +0.5%
WS
44
Wedbush Securities
California
$88K -$12.1K -2,154 -11%
SF
45
Synovus Financial
Georgia
$81.7K – – –
AWM
46
Accurate Wealth Management
Florida
$78.3K – – –
KPWS
47
Kestra Private Wealth Services
Texas
$74.9K +$1.2K +214 +2%
PAG
48
Private Advisor Group
New Jersey
$74.4K +$477 +85 +0.6%
DADC
49
D.A. Davidson & Co
Montana
$72.9K +$8.6K +1,530 +12%
WAM
50
Wolverine Asset Management
Illinois
$69.3K +$73.7K +13,120 New
1
2
3 4

GUT Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q4 2023, worth a combined $37.3M — up 13% from $33M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of GUT and 11 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 28 added.

The largest buyer was Morgan Stanley, adding an estimated $5.13M. The largest seller was Wells Fargo, cutting an estimated $645K.

  • 82 institutional investors held Gabelli Utility Trust (GUT) as of Q4 2023, down from 86 in Q3 2023.
  • Funds reported $37.3M of Gabelli Utility Trust stock for Q4 2023, up 13% quarter-over-quarter.
  • 11 funds opened new Gabelli Utility Trust positions in Q4 2023 and 15 closed out, a net change of -4 holders.
  • The largest Gabelli Utility Trust buyer in Q4 2023 was Morgan Stanley, an estimated $5.13M added.
  • The largest Gabelli Utility Trust seller in Q4 2023 was Wells Fargo, an estimated $645K sold.

Based on aggregated 13F filings for Q4 2023.