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Reaves Utility Income Fund
UTG

99 hedge funds and large institutions have $256M invested in Reaves Utility Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less funds holding

Funds holding: 107 → 99 (-8)

9.44% less ownership

Funds ownership: 28.05% → 18.61% (-9.4%)

13% less capital invested

Capital invested by funds: $293M → $256M (-$37.5M)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
99
Holders Change
-8
Holders Change %
-7.48%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
31
Reduced
28
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAIM
Punch & Associates Investment Management
Minnesota
+$5.1M
2
RCM
Rivernorth Capital Management
Florida
+$4.99M
3
COLIM
City of London Investment Management
United Kingdom
+$4.75M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.63M
5
Morgan Stanley
Morgan Stanley
New York
+$2.72M

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$22M
2
BCM
Bluefin Capital Management
New York
-$10.1M
3
GWM
Graybill Wealth Management
Illinois
-$2.63M
4
Walleye Trading
Walleye Trading
New York
-$2.56M
5
AGM
Alpine Global Management
New York
-$2.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$2.21M +$332K +11,416 +17%
Walleye Trading
27
Walleye Trading
New York
$1.84M -$2.56M -88,019 -58%
WAM
28
Weiss Asset Management
Massachusetts
$1.64M +$886K +30,476 +111%
DA
29
Doliver Advisors
Texas
$1.54M +$1.08M +37,284 +218%
KIM
30
Karpus Investment Management
New York
$1.52M +$1.57M +53,947 New
RJFSA
31
Raymond James Financial Services Advisors
Florida
$1.52M -$50.9K -1,751 -3%
LPL Financial
32
LPL Financial
California
$1.35M +$115K +3,957 +9%
CCP
33
Clough Capital Partners
Massachusetts
$1.29M -$5.81K -200 -0.4%
BF
34
BOK Financial
Oklahoma
$1.2M – – –
Creative Planning
35
Creative Planning
Kansas
$1.09M -$11.6K -400 -1%
ISL
36
Ingalls & Snyder LLC
New York
$996K -$29.1K -1,000 -3%
SG
37
StoneX Group
New York
$882K +$23.1K +794 +3%
Invesco
38
Invesco
Georgia
$820K +$495K +17,028 +142%
DC
39
Davenport & Co
Virginia
$803K -$3.08K -106 -0.4%
FWM
40
Focused Wealth Management
New York
$758K -$9.01K -310 -1%
SPIA
41
Steward Partners Investment Advisory
New York
$731K +$2.96K +102 +0.4%
MIG
42
Mariner Investment Group
New York
$636K – – –
Janney Montgomery Scott
43
Janney Montgomery Scott
Pennsylvania
$602K +$3.28K +113 +0.5%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$598K -$184K -6,341 -23%
Ameriprise
45
Ameriprise
Minnesota
$553K +$142K +4,884 +33%
SCA
46
Snowden Capital Advisors
New York
$549K – – –
Millennium Management
47
Millennium Management
New York
$543K +$348K +11,980 +166%
AG
48
Advisor Group
Arizona
$471K -$164K -5,641 -25%
SFS
49
Sowell Financial Services
Arkansas
$469K +$483K +16,624 New
Baird Financial Group
50
Baird Financial Group
Wisconsin
$424K – – –
1
2
3 4 5

UTG Hedge Fund Activity: Q1 2018 in Review

99 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2018, worth a combined $256M — down 13% from $293M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of UTG and 11 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 31 added.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $5.1M. The largest seller was Sit Investment Associates, cutting an estimated $22M.

  • 99 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2018, down from 107 in Q4 2017.
  • Funds reported $256M of Reaves Utility Income Fund stock for Q1 2018, down 13% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q1 2018 and 19 closed out, a net change of -8 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $5.1M added.
  • The largest Reaves Utility Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $22M sold.

Based on aggregated 13F filings for Q1 2018.