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GUT

Gabelli Utility Trust
GUT

82 hedge funds and large institutions have $37.3M invested in Gabelli Utility Trust in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 19

13% more capital invested

Capital invested by funds: $33M → $37.3M (+$4.31M)

1.08% more ownership

Funds ownership: 9.96% → 11.04% (+1.1%)

5% less funds holding

Funds holding: 86 → 82 (-4)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

Holders
82
Holders Change
-4
Holders Change %
-4.65%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
28
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$5.13M
2
KWA
Kellett Wealth Advisors
Ohio
+$151K
3
AWS
Atria Wealth Solutions
New York
+$132K
4
KAS
Kestra Advisory Services
Texas
+$77.5K
5
WAM
Wolverine Asset Management
Illinois
+$73.7K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$645K
2
Osaic Holdings
Osaic Holdings
Arizona
-$381K
3
Bank of America
Bank of America
North Carolina
-$274K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$243K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$9.24M +$5.13M +913,176 +109%
Commonwealth Equity Services
2
Commonwealth Equity Services
Massachusetts
$6.66M +$68.8K +12,251 +1%
LPL Financial
3
LPL Financial
California
$6.11M -$158K -28,203 -2%
Osaic Holdings
4
Osaic Holdings
Arizona
$1.71M -$381K -67,830 -17%
GI
5
GAMCO Investors
Connecticut
$1.5M – – –
SWP
6
Significant Wealth Partners
Illinois
$886K +$942K +167,719 New
AWS
7
Atria Wealth Solutions
New York
$840K +$132K +23,437 +17%
Cambridge Investment Research Advisors
8
Cambridge Investment Research Advisors
Iowa
$755K +$3.37K +599 +0.4%
Janney Montgomery Scott
9
Janney Montgomery Scott
Pennsylvania
$676K -$14.1K -2,512 -2%
BWP
10
Balboa Wealth Partners
Arizona
$551K +$39.6K +7,054 +7%
IAIM
11
International Assets Investment Management
Florida
$527K +$17.3K +3,078 +3%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$459K -$243K -43,341 -33%
MA
13
MAS Advisors
Florida
$418K -$131K -23,266 -23%
Bank of America
14
Bank of America
North Carolina
$418K -$274K -48,773 -38%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$410K -$87.8K -15,638 -17%
Cetera Investment Advisers
16
Cetera Investment Advisers
Illinois
$332K +$191 +34 +0.1%
RJA
17
Raymond James & Associates
Florida
$327K -$2.66K -473 -0.8%
RTC
18
Riverview Trust Company
Washington
$276K – – –
Creative Planning
19
Creative Planning
Kansas
$270K +$6.87K +1,222 +2%
NFG
20
Nations Financial Group
Iowa
$248K +$11.9K +2,126 +5%
RIL
21
Rothschild Investment LLC
Illinois
$240K -$46.1K -8,208 -15%
PCMM
22
Piedmont Capital Management (Montana)
Montana
$214K – – –
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$206K -$13.2K -2,352 -6%
WQ
24
Wealth Quarterback
New Jersey
$200K +$7.1K +1,264 +3%
VF
25
Virtu Financial
New York
$187K +$3.24K +576 +2%
1
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GUT Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q4 2023, worth a combined $37.3M — up 13% from $33M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of GUT and 11 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 28 added.

The largest buyer was Morgan Stanley, adding an estimated $5.13M. The largest seller was Wells Fargo, cutting an estimated $645K.

  • 82 institutional investors held Gabelli Utility Trust (GUT) as of Q4 2023, down from 86 in Q3 2023.
  • Funds reported $37.3M of Gabelli Utility Trust stock for Q4 2023, up 13% quarter-over-quarter.
  • 11 funds opened new Gabelli Utility Trust positions in Q4 2023 and 15 closed out, a net change of -4 holders.
  • The largest Gabelli Utility Trust buyer in Q4 2023 was Morgan Stanley, an estimated $5.13M added.
  • The largest Gabelli Utility Trust seller in Q4 2023 was Wells Fargo, an estimated $645K sold.

Based on aggregated 13F filings for Q4 2023.