Reaves Utility Income Fund
238 hedge funds and large institutions have $444M invested in Reaves Utility Income Fund in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 98 increasing their positions, 50 reducing their positions, and 28 closing their positions.
96% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 50
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
0% more funds holding
Funds holding: 238 → 238 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.1% less ownership
Funds ownership: 14.24% → 14.14% (-0.1%)
11% less capital invested
Capital invested by funds: $497M → $444M (-$52.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
+$5.49M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.55M |
| 3 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$2.75M |
| 4 |
Morgan Stanley
New York
|
+$2.57M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$18M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$5.14M |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$2.61M |
| 4 |
QL
Quarry LP
New York
|
-$1.9M |
| 5 |
NFSG
Newbridge Financial Services Group
Boca Raton,
Florida
|
-$1.16M |
UTG Hedge Fund Activity: Q4 2025 in Review
238 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2025, worth a combined $444M — down 11% from $497M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new UTG positions and 28 closed out — a net gain of 3 holders — while 98 added to existing stakes and 50 trimmed.
The largest buyer was Wealthspire Advisors (New York), opening a new position worth an estimated $5.49M. The largest seller was Cornerstone Advisors, cutting an estimated $18M.
- 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $444M of Reaves Utility Income Fund stock for Q4 2025, down 11% quarter-over-quarter.
- 31 funds opened new Reaves Utility Income Fund positions in Q4 2025 and 28 closed out, a net change of +3 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2025 was Wealthspire Advisors (New York), an estimated $5.49M added.
- The largest Reaves Utility Income Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $18M sold.
Based on aggregated 13F filings for Q4 2025.