Gabelli Utility Trust
GUT
38 hedge funds and large institutions have $16M invested in Gabelli Utility Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
12% more funds holding
Funds holding: 34 → 38 (+4)
0.7% less ownership
Funds ownership: 6.81% → 6.11% (-0.7%)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
25% less capital inflows, than outflows
Capital inflows: $3.11M | Capital outflows: $4.16M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.48M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$431K |
| 3 |
Morgan Stanley
New York
|
+$265K |
| 4 |
First Allied Advisory Services
San Diego,
California
|
+$167K |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
+$37.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$2.43M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.54M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$58.7K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$47.3K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$29.9K |
GUT Hedge Fund Activity: Q3 2013 in Review
38 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2013, worth a combined $16M — down 12% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GUT positions and 2 closed out — a net gain of 5 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.48M. The largest seller was SG Americas Securities, cutting an estimated $2.43M.
- 38 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2013, up from 34 in Q2 2013.
- Funds reported $16M of Gabelli Utility Trust stock for Q3 2013, down 12% quarter-over-quarter.
- 7 funds opened new Gabelli Utility Trust positions in Q3 2013 and 2 closed out, a net change of +5 holders.
- The largest Gabelli Utility Trust buyer in Q3 2013 was Sit Investment Associates, an estimated $1.48M added.
- The largest Gabelli Utility Trust seller in Q3 2013 was SG Americas Securities, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2013.