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GUT

Gabelli Utility Trust
GUT

36 hedge funds and large institutions have $14.1M invested in Gabelli Utility Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.02% less ownership

Funds ownership: 6.18% → 5.16% (-1%)

3% less funds holding

Funds holding: 37 → 36 (-1)

11% less capital invested

Capital invested by funds: $15.9M → $14.1M (-$1.82M)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

Holders
36
Holders Change
-1
Holders Change %
-2.7%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
9
Reduced
15
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$261K
2
U
UBS
Switzerland
+$25.3K
3
RIA
Regal Investment Advisors
Michigan
+$22.4K
4
MFS
MSI Financial Services
Massachusetts
+$15.5K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$5.26K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$2M
2
SG Americas Securities
SG Americas Securities
New York
-$309K
3
VKH
Virtu KCG Holdings
New York
-$221K
4
Bank of America
Bank of America
North Carolina
-$164K
5
GC
Guggenheim Capital
Illinois
-$88.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.88M +$261K +40,728 +10%
YCM
2
Yakira Capital Management
Connecticut
$2.42M -$60.5K -9,439 -3%
SIA
3
Sit Investment Associates
Minnesota
$2.17M -$2M -311,865 -49%
GI
4
GAMCO Investors
Connecticut
$1.94M – – –
LPL Financial
5
LPL Financial
California
$1.16M -$5.93K -926 -0.5%
GC
6
Guggenheim Capital
Illinois
$1.06M -$88.7K -13,846 -8%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$750K -$6.24K -973 -0.9%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$284K -$5.33K -831 -2%
CL
9
CSS LLC
Illinois
$276K – – –
U
10
UBS
Switzerland
$212K +$25.3K +3,947 +14%
AWA
11
AmeriServ Wealth Advisors
Pennsylvania
$184K -$1.97K -308 -1%
Bank of America
12
Bank of America
North Carolina
$177K -$164K -25,575 -49%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$116K – – –
YP
14
Yellowstone Partners
Idaho
$75K -$6.58K -1,026 -8%
BRWA
15
B. Riley Wealth Advisors
Florida
$72K +$1.86K +291 +3%
WA
16
WFG Advisors
Texas
$41K +$942 +147 +2%
Wells Fargo
17
Wells Fargo
California
$39K -$12.2K -1,910 -24%
WEC
18
Winslow Evans & Crocker
Massachusetts
$30.4K -$9.08K -1,416 -24%
MFS
19
MSI Financial Services
Massachusetts
$25K +$15.5K +2,411 +178%
RIA
20
Regal Investment Advisors
Michigan
$23K +$22.4K +3,488 New
Fifth Third Bancorp
21
Fifth Third Bancorp
Ohio
$21K – – –
ACM
22
Antonetti Capital Management
Florida
$16K – – –
PFSC
23
Peoples Financial Services Corp
Pennsylvania
$14K – – –
Creative Planning
24
Creative Planning
Kansas
$13K -$54.3K -8,464 -82%
DADC
25
D.A. Davidson & Co
Montana
$11K +$2.48K +387 +29%
1
2

GUT Hedge Fund Activity: Q1 2014 in Review

36 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q1 2014, worth a combined $14.1M — down 11% from $15.9M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of GUT and 2 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 9 added.

The largest buyer was Morgan Stanley, adding an estimated $261K. The largest seller was Sit Investment Associates, cutting an estimated $2M.

  • 36 institutional investors held Gabelli Utility Trust (GUT) as of Q1 2014, down from 37 in Q4 2013.
  • Funds reported $14.1M of Gabelli Utility Trust stock for Q1 2014, down 11% quarter-over-quarter.
  • 2 funds opened new Gabelli Utility Trust positions in Q1 2014 and 3 closed out, a net change of -1 holder.
  • The largest Gabelli Utility Trust buyer in Q1 2014 was Morgan Stanley, an estimated $261K added.
  • The largest Gabelli Utility Trust seller in Q1 2014 was Sit Investment Associates, an estimated $2M sold.

Based on aggregated 13F filings for Q1 2014.