Reaves Utility Income Fund
55 hedge funds and large institutions have $68.3M invested in Reaves Utility Income Fund in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 10 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0.1% more ownership
Funds ownership: 7.85% → 7.95% (+0.1%)
7% less capital invested
Capital invested by funds: $73.2M → $68.3M (-$4.85M)
10% less funds holding
Funds holding: 61 → 55 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
+$6.03M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.07M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$971K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$601K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$435K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.44M |
| 2 |
Morgan Stanley
New York
|
-$2.01M |
| 3 |
AIM
Assured Investment Management
New York
|
-$1.79M |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$871K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$480K |
UTG Hedge Fund Activity: Q1 2015 in Review
55 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2015, worth a combined $68.3M — down 6.6% from $73.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of UTG and 5 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 18 added.
The largest buyer was Hollow Brook Wealth Management, adding an estimated $6.03M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.44M sold.
- 55 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2015, down from 61 in Q4 2014.
- Funds reported $68.3M of Reaves Utility Income Fund stock for Q1 2015, down 6.6% quarter-over-quarter.
- 5 funds opened new Reaves Utility Income Fund positions in Q1 2015 and 10 closed out, a net change of -5 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2015 was Hollow Brook Wealth Management, an estimated $6.03M added.
- The largest Reaves Utility Income Fund seller in Q1 2015 was Cornerstone Advisors, an estimated $2.44M sold.
Based on aggregated 13F filings for Q1 2015.