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Reaves Utility Income Fund
UTG

161 hedge funds and large institutions have $186M invested in Reaves Utility Income Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 73 increasing their positions, 27 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

170% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 27

69% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 13

5% more funds holding

Funds holding: 154 → 161 (+7)

0.4% less ownership

Funds ownership: 10.4% → 10.01% (-0.4%)

59% less capital invested

Capital invested by funds: $454M → $186M (-$268M)

Holders
161
Holders Change
+7
Holders Change %
+4.55%
% of All Funds
2.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
73
Reduced
27
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.36M
2
CC
Claybrook Capital
Massachusetts
+$512K
3
Stifel Financial
Stifel Financial
Missouri
+$484K
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$460K
5
Ameriprise
Ameriprise
Minnesota
+$372K

Top Sellers

Rank Fund Capital Flow
1
TF
Trek Financial
Arizona
-$4.01M
2
WAM
Weiss Asset Management
Massachusetts
-$2.11M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.05M
4
IWA
IBEX Wealth Advisors
New Jersey
-$1.44M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$831K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$1.54M +$201K +6,992 +15%
CC
27
Claybrook Capital
Massachusetts
$1.37M +$512K +17,852 +59%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$1.3M +$127K +4,435 +11%
KAS
29
Kestra Advisory Services
Texas
$1.18M +$29.2K +1,017 +3%
OC
30
Oppenheimer & Co
New York
$1.17M +$11.1K +388 +1%
SWP
31
Semus Wealth Partners
Florida
$963K +$5.08K +177 +0.5%
BCM
32
Brookstone Capital Management
Illinois
$896K +$130K +4,545 +17%
1832 Asset Management
33
1832 Asset Management
Ontario, Canada
$874K -$4.85K -169 -0.5%
AWS
34
Atria Wealth Solutions
New York
$833K -$55.2K -1,924 -6%
AWM
35
AE Wealth Management
Kansas
$793K -$12.6K -439 -2%
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$740K +$10.6K +370 +1%
JWCA
37
J.W. Cole Advisors
Florida
$740K +$50.5K +1,758 +7%
SPC
38
Sigma Planning Corp
Michigan
$695K +$33.4K +1,165 +5%
WANY
39
Wealthspire Advisors (New York)
New York
$687K -$463K -16,144 -40%
MA
40
Mutual Advisors
Nebraska
$676K +$13.3K +464 +2%
KA
41
Kovack Advisors
Florida
$670K -$29.4K -1,023 -4%
SVWAG
42
Sound View Wealth Advisors Group
Georgia
$658K +$131K +4,568 +25%
DC
43
Davenport & Co
Virginia
$650K +$35.5K +1,235 +6%
First Trust Advisors
44
First Trust Advisors
Illinois
$636K -$94K -3,274 -13%
AB
45
Atlas Brown
Kentucky
$631K +$3.1K +108 +0.5%
KeyBank National Association
46
KeyBank National Association
Ohio
$625K -$82.9K -2,887 -12%
BRA
47
Biechele Royce Advisors
Indiana
$612K +$58.8K +2,050 +10%
VFA
48
Valeo Financial Advisors
Indiana
$582K – – –
CAC
49
Certified Advisory Corp
Florida
$581K +$35.5K +1,238 +6%
MIM
50
Merrion Investment Management
New Jersey
$568K – – –
1
2
3 4 5

UTG Hedge Fund Activity: Q1 2023 in Review

161 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2023, worth a combined $186M — down 59% from $454M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new UTG positions and 13 closed out — a net gain of 9 holders — while 73 added to existing stakes and 27 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.36M. The largest seller was Trek Financial, cutting an estimated $4.01M.

  • 161 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2023, up from 154 in Q4 2022.
  • Funds reported $186M of Reaves Utility Income Fund stock for Q1 2023, down 59% quarter-over-quarter.
  • 22 funds opened new Reaves Utility Income Fund positions in Q1 2023 and 13 closed out, a net change of +9 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2023 was Morgan Stanley, an estimated $1.36M added.
  • The largest Reaves Utility Income Fund seller in Q1 2023 was Trek Financial, an estimated $4.01M sold.

Based on aggregated 13F filings for Q1 2023.