Gabelli Utility Trust
GUT
50 hedge funds and large institutions have $31.9M invested in Gabelli Utility Trust in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 5 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
12% more capital invested
Capital invested by funds: $28.6M → $31.9M (+$3.32M)
4% more funds holding
Funds holding: 48 → 50 (+2)
0.5% more ownership
Funds ownership: 7.43% → 7.93% (+0.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$881K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$398K |
| 3 |
SRC
Sage Rhino Capital
Menlo Park,
California
|
+$391K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$245K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$272K |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$244K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$144K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$127K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$68.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$144K | -20,547 | Closed |
|
|
MAFM
52
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$127K | -18,160 | Closed |
|
|
PIMG
53
Patriot Investment Management Group
Knoxville,
Tennessee
| – | -$21.6K | -3,078 | Closed |
|
|
PAG
54
Private Advisor Group
Morristown,
New Jersey
| – | -$5K | -641 | Closed |
|
|
TFS
55
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$1K | -210 | Closed |
|
GUT Hedge Fund Activity: Q3 2020 in Review
50 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2020, worth a combined $31.9M — up 12% from $28.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GUT positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was J.W. Cole Advisors, opening a new position worth an estimated $881K. The largest seller was LPL Financial, cutting an estimated $272K.
- 50 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2020, up from 48 in Q2 2020.
- Funds reported $31.9M of Gabelli Utility Trust stock for Q3 2020, up 12% quarter-over-quarter.
- 8 funds opened new Gabelli Utility Trust positions in Q3 2020 and 5 closed out, a net change of +3 holders.
- The largest Gabelli Utility Trust buyer in Q3 2020 was J.W. Cole Advisors, an estimated $881K added.
- The largest Gabelli Utility Trust seller in Q3 2020 was LPL Financial, an estimated $272K sold.
Based on aggregated 13F filings for Q3 2020.