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Reaves Utility Income Fund
UTG

54 hedge funds and large institutions have $57.2M invested in Reaves Utility Income Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 22 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 2

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

20% more funds holding

Funds holding: 45 → 54 (+9)

11% more capital invested

Capital invested by funds: $51.7M → $57.2M (+$5.53M)

0.77% more ownership

Funds ownership: 7.26% → 8.03% (+0.77%)

68% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 22

Holders
54
Holders Change
+9
Holders Change %
+20%
% of All Funds
1.57%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
12
Increased
7
Reduced
22
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$1.46M
2
SG Americas Securities
SG Americas Securities
New York
+$833K
3
NPC
National Planning Corporation
California
+$772K
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$439K
5
HBWM
Hollow Brook Wealth Management
New York
+$410K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.33M
2
U
UBS
Switzerland
-$394K
3
CA
Cornerstone Advisors
North Carolina
-$354K
4
DA
Doliver Advisors
Texas
-$307K
5
Invesco
Invesco
Georgia
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
26
Focused Wealth Management
New York
$347K -$57.7K -2,349 -14%
CCM
27
Catawba Capital Management
Virginia
$308K -$8.03K -327 -3%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$295K -$52.1K -2,122 -15%
LCM
29
Lucas Capital Management
New Jersey
$273K – – –
Creative Planning
30
Creative Planning
Kansas
$270K -$24.8K -1,010 -8%
VKH
31
Virtu KCG Holdings
New York
$252K +$252K +10,266 New
First Trust Advisors
32
First Trust Advisors
Illinois
$237K +$237K +9,661 New
BFS
33
Bradley Foster & Sargent
Connecticut
$213K – – –
Citigroup
34
Citigroup
New York
$161K +$69.2K +2,817 +75%
CFN
35
Cordasco Financial Network
Florida
$142K +$142K +5,779 New
MFS
36
MSI Financial Services
Massachusetts
$100K -$4.49K -183 -4%
NES
37
New England Securities
New York
$74K -$8.87K -361 -11%
WA
38
WFG Advisors
Texas
$58K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$40K +$40.2K +1,635 New
OC
40
Oakworth Capital
Alabama
$28K +$27.7K +1,126 New
FNBT
41
FineMark National Bank & Trust
Florida
$25K -$12.5K -511 -33%
SFSIG
42
San Francisco Sentry Investment Group
California
$25K -$7.88K -321 -24%
CFA
43
Carroll Financial Associates
North Carolina
$21K – – –
HCM
44
Highlander Capital Management
New Jersey
$15.2K – – –
ClearBridge Investments
45
ClearBridge Investments
New York
$15K +$74 +3 +0.5%
M&T Bank
46
M&T Bank
New York
$13K – – –
RFA
47
Reilly Financial Advisors
California
$10K -$39.7K -1,618 -80%
WRM
48
Westport Resources Management
Connecticut
$10K -$12.5K -511 -56%
TRCT
49
Tower Research Capital (TRC)
New York
$6K -$5.94K -242 -51%
US Bancorp
50
US Bancorp
Minnesota
$5K – – –
1
2
3

UTG Hedge Fund Activity: Q4 2013 in Review

54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2013, worth a combined $57.2M — up 11% from $51.7M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new UTG positions and 2 closed out — a net gain of 10 holders — while 7 added to existing stakes and 22 trimmed.

The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.46M. The largest seller was Bank of America, cutting an estimated $1.33M.

  • 54 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2013, up from 45 in Q3 2013.
  • Funds reported $57.2M of Reaves Utility Income Fund stock for Q4 2013, up 11% quarter-over-quarter.
  • 12 funds opened new Reaves Utility Income Fund positions in Q4 2013 and 2 closed out, a net change of +10 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2013 was Wolverine Asset Management, an estimated $1.46M added.
  • The largest Reaves Utility Income Fund seller in Q4 2013 was Bank of America, an estimated $1.33M sold.

Based on aggregated 13F filings for Q4 2013.