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GUT

Gabelli Utility Trust
GUT

33 hedge funds and large institutions have $7.18M invested in Gabelli Utility Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.7% less ownership

Funds ownership: 4.83% → 3.13% (-1.7%)

13% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 8

13% less funds holding

Funds holding: 38 → 33 (-5)

41% less capital invested

Capital invested by funds: $12.1M → $7.18M (-$4.92M)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
33
Holders Change
-5
Holders Change %
-13.16%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
7
Reduced
8
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$242K
2
CA
Cetera Advisors
Colorado
+$75.3K
3
CAN
Cetera Advisor Networks
California
+$62.1K
4
Creative Planning
Creative Planning
Kansas
+$48.2K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$15.4K

Top Sellers

1
LPL Financial
LPL Financial
California
-$3.67M
2
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$164K
3
TC
TFS Capital
Pennsylvania
-$164K
4
IH
IFC Holdings
Florida
-$138K
5
UBS Group
UBS Group
Switzerland
-$104K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.62M -$38.7K -6,588 -1%
GI
2
GAMCO Investors
Connecticut
$1.58M – – –
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$623K -$28K -4,762 -4%
LPL Financial
4
LPL Financial
California
$547K -$3.67M -625,232 -86%
Bank of America
5
Bank of America
North Carolina
$440K +$242K +41,097 +103%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$285K -$93.8K -15,960 -23%
VKH
7
Virtu KCG Holdings
New York
$268K -$25.2K -4,286 -8%
Janney Montgomery Scott
8
Janney Montgomery Scott
Pennsylvania
$123K +$15.4K +2,616 +13%
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$96K – – –
Wells Fargo
10
Wells Fargo
California
$79K -$25.3K -4,312 -23%
CA
11
Cetera Advisors
Colorado
$69K +$75.3K +12,811 New
UBS Group
12
UBS Group
Switzerland
$67K -$104K -17,733 -59%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$61K +$176 +30 +0.3%
CAN
14
Cetera Advisor Networks
California
$57K +$62.1K +10,562 New
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$45K +$605 +103 +1%
Creative Planning
16
Creative Planning
Kansas
$45K +$48.2K +8,195 New
WA
17
WFG Advisors
Texas
$24K +$676 +115 +3%
RIA
18
Regal Investment Advisors
Michigan
$18K – – –
AIG
19
American International Group
New York
$17K – – –
Fifth Third Bancorp
20
Fifth Third Bancorp
Ohio
$17K – – –
CFA
21
Carroll Financial Associates
North Carolina
$15K – – –
NFG
22
Next Financial Group
Texas
$15K – – –
WEC
23
Winslow Evans & Crocker
Massachusetts
$12.2K -$6.03K -1,026 -31%
MFS
24
MSI Financial Services
Massachusetts
$12K +$3.02K +513 +30%
WCM
25
Windsor Capital Management
Arizona
$8K +$9.11K +1,551 New
1
2

GUT Hedge Fund Activity: Q3 2015 in Review

33 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2015, worth a combined $7.18M — down 41% from $12.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of GUT and 6 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 7 added.

The largest buyer was Bank of America, adding an estimated $242K. The largest seller was LPL Financial, cutting an estimated $3.67M.

  • 33 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2015, down from 38 in Q2 2015.
  • Funds reported $7.18M of Gabelli Utility Trust stock for Q3 2015, down 41% quarter-over-quarter.
  • 6 funds opened new Gabelli Utility Trust positions in Q3 2015 and 11 closed out, a net change of -5 holders.
  • The largest Gabelli Utility Trust buyer in Q3 2015 was Bank of America, an estimated $242K added.
  • The largest Gabelli Utility Trust seller in Q3 2015 was LPL Financial, an estimated $3.67M sold.

Based on aggregated 13F filings for Q3 2015.