Reaves Utility Income Fund
54 hedge funds and large institutions have $57.2M invested in Reaves Utility Income Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 22 reducing their positions, and 2 closing their positions.
500% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more funds holding
Funds holding: 45 → 54 (+9)
11% more capital invested
Capital invested by funds: $51.7M → $57.2M (+$5.53M)
0.77% more ownership
Funds ownership: 7.26% → 8.03% (+0.77%)
68% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.46M |
| 2 |
SG Americas Securities
New York
|
+$833K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$772K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$439K |
| 5 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
+$410K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.33M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$394K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$354K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$307K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $5K | +$5.28K | +215 | New |
|
|
AIG
52
American International Group
New York
| $1.76K | – | – | – |
|
|
DA
53
Doliver Advisors
Houston,
Texas
| – | -$307K | -12,499 | Closed |
|
|
GI
54
Gradient Investments
Arden Hills,
Minnesota
| – | -$5K | -204 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$49 | +2 | New |
|
UTG Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2013, worth a combined $57.2M — up 11% from $51.7M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new UTG positions and 2 closed out — a net gain of 10 holders — while 7 added to existing stakes and 22 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.46M. The largest seller was Bank of America, cutting an estimated $1.33M.
- 54 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2013, up from 45 in Q3 2013.
- Funds reported $57.2M of Reaves Utility Income Fund stock for Q4 2013, up 11% quarter-over-quarter.
- 12 funds opened new Reaves Utility Income Fund positions in Q4 2013 and 2 closed out, a net change of +10 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2013 was Wolverine Asset Management, an estimated $1.46M added.
- The largest Reaves Utility Income Fund seller in Q4 2013 was Bank of America, an estimated $1.33M sold.
Based on aggregated 13F filings for Q4 2013.