Gabelli Utility Trust
GUT
62 hedge funds and large institutions have $30.3M invested in Gabelli Utility Trust in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 12 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
0.01% less ownership
Funds ownership: 8.11% → 8.1% (-0.01%)
3% less funds holding
Funds holding: 64 → 62 (-2)
13% less capital invested
Capital invested by funds: $35M → $30.3M (-$4.68M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$962K |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$540K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$494K |
| 4 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
+$310K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRC
Sage Rhino Capital
Menlo Park,
California
|
-$1.3M |
| 2 |
Millennium Management
New York
|
-$451K |
| 3 |
Morgan Stanley
New York
|
-$386K |
| 4 |
PCMM
Piedmont Capital Management (Montana)
Whitefish,
Montana
|
-$320K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$193K |
GUT Hedge Fund Activity: Q1 2021 in Review
62 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q1 2021, worth a combined $30.3M — down 13% from $35M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GUT positions and 12 closed out — a net gain of 2 holders — while 20 added to existing stakes and 14 trimmed.
The largest buyer was International Assets Investment Management, adding an estimated $962K. The largest seller was Sage Rhino Capital, exiting entirely with an estimated $1.3M sold.
- 62 institutional investors held Gabelli Utility Trust (GUT) as of Q1 2021, down from 64 in Q4 2020.
- Funds reported $30.3M of Gabelli Utility Trust stock for Q1 2021, down 13% quarter-over-quarter.
- 14 funds opened new Gabelli Utility Trust positions in Q1 2021 and 12 closed out, a net change of +2 holders.
- The largest Gabelli Utility Trust buyer in Q1 2021 was International Assets Investment Management, an estimated $962K added.
- The largest Gabelli Utility Trust seller in Q1 2021 was Sage Rhino Capital, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2021.