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Reaves Utility Income Fund
UTG

219 hedge funds and large institutions have $438M invested in Reaves Utility Income Fund in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 93 increasing their positions, 47 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 12

98% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 47

22% more capital invested

Capital invested by funds: $360M → $438M (+$77.8M)

10% more funds holding

Funds holding: 199 → 219 (+20)

1.18% more ownership

Funds ownership: 12.57% → 13.75% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
219
Holders Change
+20
Holders Change %
+10.05%
% of All Funds
2.88%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
93
Reduced
47
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
+$10.9M
2
JWCA
J.W. Cole Advisors
Florida
+$9.52M
3
Bank of America
Bank of America
North Carolina
+$3.66M
4
Raymond James Financial
Raymond James Financial
Florida
+$1.45M
5
WANY
Wealthspire Advisors (New York)
New York
+$1.27M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$3.61M
2
GC
Guggenheim Capital
Illinois
-$1.39M
3
LCM
Landscape Capital Management
New Jersey
-$962K
4
CPRC
Consolidated Portfolio Review Corp
New York
-$674K
5
WIA
World Investment Advisors
California
-$620K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWM
26
Tradition Wealth Management
Minnesota
$3.56M +$45.5K +1,361 +1%
WANY
27
Wealthspire Advisors (New York)
New York
$3.53M +$1.27M +38,145 +64%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$3.38M +$841K +25,178 +37%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$3.32M +$114K +3,398 +4%
WHRC
30
W.H. Reaves & Co
New Jersey
$3.21M +$47.8K +1,431 +2%
IFG
31
Independent Financial Group
California
$3.16M +$111K +3,335 +4%
SAM
32
Smith Asset Management
Florida
$2.89M -$24.2K -723 -0.9%
WE
33
Wealth Effects
Massachusetts
$2.52M +$3.31K +99 +0.1%
LWM
34
LongView Wealth Management
Georgia
$2.52M +$2.27K +68 +0.1%
GLA
35
Good Life Advisors
Pennsylvania
$2.44M +$32.3K +966 +1%
OC
36
Oppenheimer & Co
New York
$2.13M +$295K +8,819 +18%
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$2.11M +$137K +4,089 +8%
SFS
38
Sowell Financial Services
Arkansas
$2.08M -$11.4K -342 -0.6%
CW
39
CreativeOne Wealth
Kansas
$2.07M -$196K -5,860 -9%
Wealth Enhancement Advisory Services
40
Wealth Enhancement Advisory Services
Minnesota
$1.97M +$258K +7,733 +16%
CF
41
Centaurus Financial
California
$1.96M -$47.2K -1,412 -3%
NS
42
NBC Securities
Alabama
$1.85M -$148K -4,436 -8%
AWS
43
Atria Wealth Solutions
New York
$1.84M -$403K -12,051 -19%
XF
44
XML Financial
Maryland
$1.8M +$58K +1,735 +4%
First Trust Advisors
45
First Trust Advisors
Illinois
$1.49M -$6.21K -186 -0.5%
SWP
46
Stratos Wealth Partners
Ohio
$1.46M +$241K +7,221 +22%
WIA
47
World Investment Advisors
California
$1.46M -$620K -18,571 -32%
KAS
48
Kestra Advisory Services
Texas
$1.31M +$33.4K +1,000 +3%
WS
49
Wedbush Securities
California
$1.3M +$91K +2,724 +8%
KA
50
Kercheville Advisors
Texas
$1.26M -$25.6K -767 -2%
1
2
3 4 5

UTG Hedge Fund Activity: Q2 2025 in Review

219 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2025, worth a combined $438M — up 22% from $360M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 12 closed out — a net gain of 21 holders — while 93 added to existing stakes and 47 trimmed.

The largest buyer was Cornerstone Advisors, adding an estimated $10.9M. The largest seller was Ameriprise, cutting an estimated $3.61M.

  • 219 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2025, up from 199 in Q1 2025.
  • Funds reported $438M of Reaves Utility Income Fund stock for Q2 2025, up 22% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q2 2025 and 12 closed out, a net change of +21 holders.
  • The largest Reaves Utility Income Fund buyer in Q2 2025 was Cornerstone Advisors, an estimated $10.9M added.
  • The largest Reaves Utility Income Fund seller in Q2 2025 was Ameriprise, an estimated $3.61M sold.

Based on aggregated 13F filings for Q2 2025.