Gabelli Utility Trust
GUT
44 hedge funds and large institutions have $12.8M invested in Gabelli Utility Trust in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 11 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.95% less ownership
Funds ownership: 10.2% → 4.26% (-5.9%)
10% less funds holding
Funds holding: 49 → 44 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
50% less capital invested
Capital invested by funds: $25.9M → $12.8M (-$13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$146K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$83.4K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$62.7K |
| 4 |
Morgan Stanley
New York
|
+$59.3K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$59.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.35M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.73M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$1.01M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$940K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$909K |
GUT Hedge Fund Activity: Q3 2018 in Review
44 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q3 2018, worth a combined $12.8M — down 50% from $25.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GUT and 6 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Wolverine Asset Management, adding an estimated $146K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $6.35M sold.
- 44 institutional investors held Gabelli Utility Trust (GUT) as of Q3 2018, down from 49 in Q2 2018.
- Funds reported $12.8M of Gabelli Utility Trust stock for Q3 2018, down 50% quarter-over-quarter.
- 6 funds opened new Gabelli Utility Trust positions in Q3 2018 and 11 closed out, a net change of -5 holders.
- The largest Gabelli Utility Trust buyer in Q3 2018 was Wolverine Asset Management, an estimated $146K added.
- The largest Gabelli Utility Trust seller in Q3 2018 was Sit Investment Associates, an estimated $6.35M sold.
Based on aggregated 13F filings for Q3 2018.