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Reaves Utility Income Fund
UTG

68 hedge funds and large institutions have $103M invested in Reaves Utility Income Fund in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

1% more funds holding

Funds holding: 67 → 68 (+1)

5.91% less ownership

Funds ownership: 15.95% → 10.04% (-5.9%)

14% less capital invested

Capital invested by funds: $120M → $103M (-$17M)

Holders
68
Holders Change
+1
Holders Change %
+1.49%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
24
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$4.42M
2
Citigroup
Citigroup
New York
+$835K
3
DA
Doliver Advisors
Texas
+$741K
4
LH
Lebenthal Holdings
New York
+$740K
5
JHIU
Janus Henderson Investors US
Colorado
+$696K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$23.3M
2
YCM
Yakira Capital Management
Connecticut
-$6.71M
3
COLIM
City of London Investment Management
United Kingdom
-$4.22M
4
MIG
Mariner Investment Group
New York
-$2.05M
5
SG Americas Securities
SG Americas Securities
New York
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$789K -$43.5K -1,586 -6%
ISL
27
Ingalls & Snyder LLC
New York
$788K – – –
Creative Planning
28
Creative Planning
Kansas
$748K +$51.1K +1,865 +8%
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$683K +$4.8K +175 +0.8%
Baird Financial Group
30
Baird Financial Group
Wisconsin
$659K +$105K +3,847 +21%
TIA
31
Tiemann Investment Advisors
California
$553K +$631 +23 +0.1%
FWM
32
Focused Wealth Management
New York
$548K +$51.6K +1,881 +11%
SCA
33
Snowden Capital Advisors
New York
$507K +$463K +16,902 New
VKH
34
Virtu KCG Holdings
New York
$471K -$330K -12,026 -43%
LCM
35
Lucas Capital Management
New Jersey
$431K – – –
CCM
36
Catawba Capital Management
Virginia
$379K – – –
AIG
37
American International Group
New York
$346K +$121K +4,400 +62%
PAG
38
Private Advisor Group
New Jersey
$268K +$14.8K +538 +6%
JMPWA
39
JP Morgan Private Wealth Advisors
California
$255K +$233K +8,493 New
VFS
40
VSR Financial Services
Kansas
$236K -$13.3K -485 -6%
COLIM
41
City of London Investment Management
United Kingdom
$210K -$4.22M -153,948 -96%
MFS
42
MSI Financial Services
Massachusetts
$208K -$26.7K -975 -12%
HCM
43
Hodges Capital Management
Texas
$201K +$184K +6,700 New
IWMPD
44
Integrated Wealth Management (Palm Desert)
California
$170K – – –
PCP
45
Proficio Capital Partners
Massachusetts
$152K +$32.9K +1,200 +31%
MMG
46
Monetary Management Group
Missouri
$150K +$82.3K +3,000 +150%
Deutsche Bank
47
Deutsche Bank
Germany
$143K – – –
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$105K +$96K +3,501 New
LWCFA
49
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$75K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$72K – – –
1
2
3 4

UTG Hedge Fund Activity: Q1 2016 in Review

68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2016, worth a combined $103M — down 14% from $120M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new UTG positions and 11 closed out — a net gain of 2 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $4.42M. The largest seller was Sit Investment Associates, cutting an estimated $23.3M.

  • 68 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2016, up from 67 in Q4 2015.
  • Funds reported $103M of Reaves Utility Income Fund stock for Q1 2016, down 14% quarter-over-quarter.
  • 13 funds opened new Reaves Utility Income Fund positions in Q1 2016 and 11 closed out, a net change of +2 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2016 was Bank of Nova Scotia, an estimated $4.42M added.
  • The largest Reaves Utility Income Fund seller in Q1 2016 was Sit Investment Associates, an estimated $23.3M sold.

Based on aggregated 13F filings for Q1 2016.