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Reaves Utility Income Fund
UTG

99 hedge funds and large institutions have $256M invested in Reaves Utility Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less funds holding

Funds holding: 107 → 99 (-8)

9.44% less ownership

Funds ownership: 28.05% → 18.61% (-9.4%)

13% less capital invested

Capital invested by funds: $293M → $256M (-$37.5M)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
99
Holders Change
-8
Holders Change %
-7.48%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
31
Reduced
28
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAIM
Punch & Associates Investment Management
Minnesota
+$5.1M
2
RCM
Rivernorth Capital Management
Florida
+$4.99M
3
COLIM
City of London Investment Management
United Kingdom
+$4.75M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.63M
5
Morgan Stanley
Morgan Stanley
New York
+$2.72M

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$22M
2
BCM
Bluefin Capital Management
New York
-$10.1M
3
GWM
Graybill Wealth Management
Illinois
-$2.63M
4
Walleye Trading
Walleye Trading
New York
-$2.56M
5
AGM
Alpine Global Management
New York
-$2.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$388K +$399K +13,739 New
NRS
52
Neville Rodie & Shaw
New York
$379K – – –
FHA
53
Flagship Harbor Advisors
Massachusetts
$350K -$18.5K -637 -5%
LCM
54
Lucas Capital Management
New Jersey
$324K – – –
TIA
55
Tiemann Investment Advisors
California
$320K +$697 +24 +0.2%
BWM
56
BerganKDV Wealth Management
Minnesota
$310K +$319K +10,964 New
AIA
57
Armor Investment Advisors
North Carolina
$301K +$11.6K +400 +4%
IA
58
IFP Advisors
Florida
$299K – – –
BAM
59
Belpointe Asset Management
Nevada
$293K -$129K -4,428 -30%
GWM
60
Graybill Wealth Management
Illinois
$261K -$2.63M -90,388 -91%
PNC Financial Services Group
61
PNC Financial Services Group
Pennsylvania
$243K +$14.5K +500 +6%
BFEC
62
Benjamin F. Edwards & Company
Missouri
$239K – – –
SWP
63
Stratos Wealth Partners
Ohio
$189K +$51.2K +1,763 +36%
CAC
64
Certified Advisory Corp
Florida
$169K +$2.35K +81 +1%
Citigroup
65
Citigroup
New York
$161K -$21.4K -735 -12%
PCP
66
Proficio Capital Partners
Massachusetts
$143K – – –
AF
67
Advisornet Financial
Minnesota
$83K +$85.3K +2,935 New
Northwestern Mutual Wealth Management
68
Northwestern Mutual Wealth Management
Wisconsin
$78K +$36.3K +1,250 +83%
SIAP
69
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$48K – – –
PA
70
Parallel Advisors
California
$45K +$46.5K +1,600 New
LWCFA
71
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$44K – – –
HCM
72
Highlander Capital Management
New Jersey
$43K +$27.6K +949 +157%
APA
73
American Portfolios Advisors
New York
$42.3K -$25.9K -893 -37%
FMA
74
FNY Managed Accounts
New York
$33K -$354K -12,166 -91%
SNT
75
Security National Trust
West Virginia
$30K – – –
1 2
3
4 5

UTG Hedge Fund Activity: Q1 2018 in Review

99 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2018, worth a combined $256M — down 13% from $293M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of UTG and 11 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 31 added.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $5.1M. The largest seller was Sit Investment Associates, cutting an estimated $22M.

  • 99 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2018, down from 107 in Q4 2017.
  • Funds reported $256M of Reaves Utility Income Fund stock for Q1 2018, down 13% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q1 2018 and 19 closed out, a net change of -8 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $5.1M added.
  • The largest Reaves Utility Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $22M sold.

Based on aggregated 13F filings for Q1 2018.