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Reaves Utility Income Fund
UTG

144 hedge funds and large institutions have $167M invested in Reaves Utility Income Fund in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

0.11% more ownership

Funds ownership: 9.18% → 9.3% (+0.11%)

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

3% less funds holding

Funds holding: 148 → 144 (-4)

9% less capital invested

Capital invested by funds: $184M → $167M (-$16.6M)

Holders
144
Holders Change
-4
Holders Change %
-2.7%
% of All Funds
2.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
48
Reduced
39
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TF
Trek Financial
Arizona
+$3.63M
2
HAS
HBW Advisory Services
California
+$1.17M
3
Osaic Holdings
Osaic Holdings
Arizona
+$939K
4
Morgan Stanley
Morgan Stanley
New York
+$935K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$846K

Top Sellers

1
FWM
Focused Wealth Management
New York
-$2.25M
2
Bank of America
Bank of America
North Carolina
-$1.08M
3
Ameriprise
Ameriprise
Minnesota
-$970K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$917K
5
OP
ORG Partners
Indiana
-$857K
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
26
Claybrook Capital
Massachusetts
$1.63M – – –
SFS
27
Sowell Financial Services
Arkansas
$1.43M -$460K -17,138 -23%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$1.36M +$77.3K +2,880 +6%
AWS
29
Atria Wealth Solutions
New York
$1.06M +$387K +14,416 +51%
OC
30
Oppenheimer & Co
New York
$1.03M +$36.3K +1,353 +3%
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$1.01M +$107K +3,982 +11%
KAS
32
Kestra Advisory Services
Texas
$971K +$159K +5,902 +18%
First Trust Advisors
33
First Trust Advisors
Illinois
$861K -$725 -27 -0.1%
CPRC
34
Consolidated Portfolio Review Corp
New York
$841K +$571K +21,260 +166%
SWP
35
Semus Wealth Partners
Florida
$832K -$9.29K -346 -1%
BCM
36
Brookstone Capital Management
Illinois
$706K -$28.9K -1,075 -4%
AWM
37
AE Wealth Management
Kansas
$674K -$45.7K -1,703 -6%
Creative Planning
38
Creative Planning
Kansas
$620K +$330K +12,286 +95%
SPC
39
Sigma Planning Corp
Michigan
$613K +$9.94K +370 +2%
BRA
40
Biechele Royce Advisors
Indiana
$579K +$38.1K +1,420 +6%
SVWAG
41
Sound View Wealth Advisors Group
Georgia
$565K -$6.55K -244 -1%
AB
42
Atlas Brown
Kentucky
$554K +$3.25K +121 +0.5%
CAC
43
Certified Advisory Corp
Florida
$546K +$31.6K +1,176 +6%
SPIA
44
Steward Partners Investment Advisory
New York
$546K -$443K -16,506 -43%
KA
45
Kovack Advisors
Florida
$544K -$25.4K -945 -4%
JWCA
46
J.W. Cole Advisors
Florida
$522K +$27.8K +1,036 +5%
VFA
47
Valeo Financial Advisors
Indiana
$511K +$81 +3 +0%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$494K -$25.7K -956 -5%
WG
49
Welch Group
Alabama
$493K +$9.64K +359 +2%
MIM
50
Merrion Investment Management
New Jersey
$493K – – –
1
2
3 4 5

UTG Hedge Fund Activity: Q3 2023 in Review

144 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2023, worth a combined $167M — down 9% from $184M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of UTG and 19 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 48 added.

The largest buyer was Trek Financial, adding an estimated $3.63M. The largest seller was Focused Wealth Management, cutting an estimated $2.25M.

  • 144 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2023, down from 148 in Q2 2023.
  • Funds reported $167M of Reaves Utility Income Fund stock for Q3 2023, down 9% quarter-over-quarter.
  • 19 funds opened new Reaves Utility Income Fund positions in Q3 2023 and 21 closed out, a net change of -2 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2023 was Trek Financial, an estimated $3.63M added.
  • The largest Reaves Utility Income Fund seller in Q3 2023 was Focused Wealth Management, an estimated $2.25M sold.

Based on aggregated 13F filings for Q3 2023.