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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $497M invested in Reaves Utility Income Fund in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

70% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 57

13% more capital invested

Capital invested by funds: $438M → $497M (+$58.8M)

9% more funds holding

Funds holding: 219 → 238 (+19)

0.49% more ownership

Funds ownership: 13.75% → 14.24% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
3.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
97
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AIA
Absolute Investment Advisers
Florida
+$4.89M
2
LPL Financial
LPL Financial
California
+$2.63M
3
Bank of America
Bank of America
North Carolina
+$1.98M
4
QL
Quarry LP
New York
+$1.81M
5
GAM
Griffin Asset Management
New York
+$1.5M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$3.53M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$2.54M
3
OFA
Oak Family Advisors
Illinois
-$1.06M
4
GC
Guggenheim Capital
Illinois
-$648K
5
TWM
Tradition Wealth Management
Minnesota
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
SRCM
226
Signature Resources Capital Management
California
$9.9K – – –
DAM
227
Delta Asset Management
Tennessee
$7.92K – – –
MSG
228
Main Street Group
Virginia
$7.92K +$7.55K +200 New
BlackRock
229
BlackRock
New York
$7.61K -$7.24K -192 -50%
MBFW
230
Morton Brown Family Wealth
Pennsylvania
$6.14K +$75 +2 +1%
BTI
231
Blue Trust Inc
Georgia
$5.94K -$34.6K -917 -86%
AUB
232
Atlantic Union Bankshares
Virginia
$4.99K -$2.83K -75 -37%
Russell Investments Group
233
Russell Investments Group
United Kingdom
$4.75K +$4.53K +120 New
RBC
234
Roble Belko & Company
Pennsylvania
$4K +$792 +21 +29%
AP
235
Aspect Partners
Virginia
$3.96K – – –
BWAM
236
Boyd Watterson Asset Management
Ohio
$3.96K – – –
DFA
237
DHJJ Financial Advisors
Illinois
$3.88K – – –
VCM
238
Versant Capital Management
Arizona
$1.16K -$7.74K -205 -88%
HNB
239
Huntington National Bank
Ohio
$40 – – –
WANY
240
Wealthspire Advisors (New York)
New York
– -$3.53M -97,683 Closed
XT
241
XTX Topco
Cayman Islands
– -$537K -14,844 Closed
Calamos Advisors
242
Calamos Advisors
Illinois
– -$355K -9,808 Closed
DA
243
Dover Advisors
Virginia
– -$347K -9,600 Closed
GS
244
GWN Securities
Florida
– -$313K -8,638 Closed
SF
245
Summit Financial
New Jersey
– -$280K -7,744 Closed
Baird Financial Group
246
Baird Financial Group
Wisconsin
– -$274K -7,586 Closed
SWA
247
SOA Wealth Advisors
New York
– -$22.2K -613 Closed
FFO
248
Fortitude Family Office
Arizona
– -$12.3K -340 Closed
BHWM
249
Beaird Harris Wealth Management
Texas
– -$6.33K -175 Closed
6 7 8 9
10

UTG Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 13% from $438M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 10 closed out — a net gain of 23 holders — while 97 added to existing stakes and 57 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $3.53M sold.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2025, up from 219 in Q2 2025.
  • Funds reported $497M of Reaves Utility Income Fund stock for Q3 2025, up 13% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q3 2025 and 10 closed out, a net change of +23 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2025 was Absolute Investment Advisers, an estimated $4.89M added.
  • The largest Reaves Utility Income Fund seller in Q3 2025 was Wealthspire Advisors (New York), an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2025.