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Virtus Reaves Utilities ETF
UTES

129 hedge funds and large institutions have $643M invested in Virtus Reaves Utilities ETF in 2025 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 51 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

529% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 7

158% more capital invested

Capital invested by funds: $249M → $643M (+$394M)

143% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 21

37% more funds holding

Funds holding: 94 → 129 (+35)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

23.91% less ownership

Funds ownership: 83.41% → 59.5% (-24%)

Holders
129
Holders Change
+35
Holders Change %
+37.23%
% of All Funds
1.69%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
44
Increased
51
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$215M
2
LPL Financial
LPL Financial
California
+$23.5M
3
UBS Group
UBS Group
Switzerland
+$17.7M
4
AWM
Aprio Wealth Management
Georgia
+$14.2M
5
Bank of America
Bank of America
North Carolina
+$12.4M

Top Sellers

1
MCM
Mainstay Capital Management
Michigan
-$10.9M
2
PCP
Proficio Capital Partners
Massachusetts
-$3.58M
3
Citadel Advisors
Citadel Advisors
Florida
-$2.38M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.42M
5
WWP
Wise Wealth Partners
Arizona
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$225M +$215M +2,702,319 New
LPL Financial
2
LPL Financial
California
$71.8M +$23.5M +295,039 +52%
Cambridge Investment Research Advisors
3
Cambridge Investment Research Advisors
Iowa
$23.4M +$1.26M +15,790 +6%
Bank of America
4
Bank of America
North Carolina
$19.9M +$12.4M +156,326 +190%
UBS Group
5
UBS Group
Switzerland
$18.5M +$17.7M +222,204 New
Stifel Financial
6
Stifel Financial
Missouri
$17.6M +$6.95M +87,399 +70%
Cetera Investment Advisers
7
Cetera Investment Advisers
Illinois
$17M +$3.66M +46,038 +29%
RAM
8
Riggs Asset Management
Pennsylvania
$15.9M +$281K +3,531 +2%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$14.9M -$1.42M -17,821 -9%
AWM
10
Aprio Wealth Management
Georgia
$14.9M +$14.2M +178,279 New
AWC
11
Adamsbrown Wealth Consultants
Kansas
$11.4M +$10.9M +136,506 New
KDA
12
Kraft Davis & Associates
Missouri
$11.3M +$5.73K +72 +0.1%
Thrivent Financial for Lutherans
13
Thrivent Financial for Lutherans
Minnesota
$10.6M +$9.25M +116,290 +1,117%
MCM
14
Mainstay Capital Management
Michigan
$10.5M -$10.9M -136,635 -52%
TBC
15
Ted Buchan & Co
California
$9.77M +$9.32M +117,148 New
GVAG
16
Great Valley Advisor Group
Delaware
$9.65M +$805K +10,115 +10%
Raymond James Financial
17
Raymond James Financial
Florida
$8.16M +$7.57M +95,086 +3,527%
QWM
18
Quadcap Wealth Management
Texas
$7.63M +$7.28M +91,451 New
Osaic Holdings
19
Osaic Holdings
Arizona
$6.96M +$2.98M +37,511 +76%
EH
20
Equitable Holdings
New York
$6.29M +$1.79M +22,538 +43%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$6.19M -$745K -9,363 -11%
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$5.37M +$2.81M +35,379 +122%
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$5.11M +$2.94M +36,890 +152%
FTS
24
Fifth Third Securities
Ohio
$4.61M +$1.3M +16,339 +42%
RHP
25
Royal Harbor Partners
Texas
$4.14M -$44.3K -557 -1%
1
2 3 4 5

UTES Hedge Fund Activity: Q3 2025 in Review

129 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Virtus Reaves Utilities ETF (UTES) for Q3 2025, worth a combined $643M — up 158% from $249M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new UTES positions and 7 closed out — a net gain of 37 holders — while 51 added to existing stakes and 21 trimmed.

The largest buyer was JP Morgan Chase, opening a new position worth an estimated $215M. The largest seller was Mainstay Capital Management, cutting an estimated $10.9M.

  • 129 institutional investors held Virtus Reaves Utilities ETF (UTES) as of Q3 2025, up from 94 in Q2 2025.
  • Funds reported $643M of Virtus Reaves Utilities ETF stock for Q3 2025, up 158% quarter-over-quarter.
  • 44 funds opened new Virtus Reaves Utilities ETF positions in Q3 2025 and 7 closed out, a net change of +37 holders.
  • The largest Virtus Reaves Utilities ETF buyer in Q3 2025 was JP Morgan Chase, an estimated $215M added.
  • The largest Virtus Reaves Utilities ETF seller in Q3 2025 was Mainstay Capital Management, an estimated $10.9M sold.

Based on aggregated 13F filings for Q3 2025.