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Reaves Utility Income Fund
UTG

61 hedge funds and large institutions have $73.2M invested in Reaves Utility Income Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

18% more capital invested

Capital invested by funds: $61.9M → $73.2M (+$11.3M)

11% more funds holding

Funds holding: 55 → 61 (+6)

0.34% more ownership

Funds ownership: 7.5% → 7.85% (+0.34%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
61
Holders Change
+6
Holders Change %
+10.91%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
19
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$3.27M
2
GC
Guggenheim Capital
Illinois
+$2.76M
3
Morgan Stanley
Morgan Stanley
New York
+$1.21M
4
AAM
Advisors Asset Management
Colorado
+$792K
5
Wells Fargo
Wells Fargo
California
+$554K

Top Sellers

1
YCM
Yakira Capital Management
Connecticut
-$3.21M
2
Cohen & Steers
Cohen & Steers
New York
-$1.67M
3
CA
Cornerstone Advisors
North Carolina
-$1.2M
4
CL
CSS LLC
Illinois
-$997K
5
NPC
National Planning Corporation
California
-$550K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
26
Catawba Capital Management
Virginia
$429K -$5.65K -187 -1%
AIG
27
American International Group
New York
$413K +$120K +3,961 +45%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$402K +$84.1K +2,785 +29%
SAM
29
Silvercrest Asset Management
New York
$394K +$370K +12,264 New
First Trust Advisors
30
First Trust Advisors
Illinois
$324K -$80.9K -2,678 -21%
GWA
31
Genesis Wealth Advisors
Massachusetts
$308K +$302K +9,984 New
CAN
32
Cetera Advisor Networks
California
$284K -$30.9K -1,024 -10%
B
33
Baird
Wisconsin
$268K – – –
VFS
34
VSR Financial Services
Kansas
$243K +$10K +332 +5%
BFS
35
Bradley Foster & Sargent
Connecticut
$238K – – –
DA
36
Doliver Advisors
Texas
$225K +$212K +7,009 New
HCM
37
Hodges Capital Management
Texas
$220K +$207K +6,847 New
DC
38
Davenport & Co
Virginia
$201K +$189K +6,251 New
Deutsche Bank
39
Deutsche Bank
Germany
$198K – – –
CFN
40
Cordasco Financial Network
Florida
$186K – – –
Citigroup
41
Citigroup
New York
$174K +$116K +3,848 +243%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$143K – – –
MFS
43
MSI Financial Services
Massachusetts
$121K -$12.1K -399 -10%
Invesco
44
Invesco
Georgia
$106K -$97.5K -3,227 -50%
NES
45
New England Securities
New York
$97K – – –
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$81K – – –
WA
47
WFG Advisors
Texas
$53K – – –
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$53K +$12.4K +409 +33%
OC
49
Oakworth Capital
Alabama
$36K – – –
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$33K +$18.5K +613 +150%
1
2
3

UTG Hedge Fund Activity: Q4 2014 in Review

61 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2014, worth a combined $73.2M — up 18% from $61.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 4 closed out — a net gain of 7 holders — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Bank of America, adding an estimated $3.27M. The largest seller was Yakira Capital Management, cutting an estimated $3.21M.

  • 61 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2014, up from 55 in Q3 2014.
  • Funds reported $73.2M of Reaves Utility Income Fund stock for Q4 2014, up 18% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q4 2014 and 4 closed out, a net change of +7 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2014 was Bank of America, an estimated $3.27M added.
  • The largest Reaves Utility Income Fund seller in Q4 2014 was Yakira Capital Management, an estimated $3.21M sold.

Based on aggregated 13F filings for Q4 2014.