Gabelli Utility Trust
GUT
49 hedge funds and large institutions have $25.9M invested in Gabelli Utility Trust in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 5 reducing their positions, and 9 closing their positions.
240% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 5
91% more capital invested
Capital invested by funds: $13.5M → $25.9M (+$12.3M)
5.16% more ownership
Funds ownership: 5.05% → 10.2% (+5.2%)
2% less funds holding
Funds holding: 50 → 49 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.26M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$2.78M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.84M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.65M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$926K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$600K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$105K |
| 4 |
Goldman Sachs
New York
|
-$76K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$73K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
MML Investors Services
Springfield,
Massachusetts
| – | -$73K | -11,979 | Closed |
|
52
SEI Investments
Oaks,
Pennsylvania
| – | -$21K | -3,437 | Closed |
|
|
MFT
53
Moisand Fitzgerald Tamayo
Orlando,
Florida
| – | -$14K | -2,319 | Closed |
|
|
GT
54
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$2K | -339 | Closed |
|
|
RWA
55
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$1K | -183 | Closed |
|
|
IWM
56
IHT Wealth Management
Chicago,
Illinois
| – | -$1K | -144 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | +$75 | +13 | New |
|
GUT Hedge Fund Activity: Q2 2018 in Review
49 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q2 2018, worth a combined $25.9M — up 91% from $13.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GUT and 8 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 17 added.
The largest buyer was Sit Investment Associates, adding an estimated $6.26M. The largest seller was Credit Suisse, exiting entirely with an estimated $1M sold.
- 49 institutional investors held Gabelli Utility Trust (GUT) as of Q2 2018, down from 50 in Q1 2018.
- Funds reported $25.9M of Gabelli Utility Trust stock for Q2 2018, up 91% quarter-over-quarter.
- 8 funds opened new Gabelli Utility Trust positions in Q2 2018 and 9 closed out, a net change of -1 holder.
- The largest Gabelli Utility Trust buyer in Q2 2018 was Sit Investment Associates, an estimated $6.26M added.
- The largest Gabelli Utility Trust seller in Q2 2018 was Credit Suisse, an estimated $1M sold.
Based on aggregated 13F filings for Q2 2018.