Reaves Utility Income Fund
130 hedge funds and large institutions have $188M invested in Reaves Utility Income Fund in 2019 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 51 increasing their positions, 22 reducing their positions, and 11 closing their positions.
132% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 22
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
7% more funds holding
Funds holding: 121 → 130 (+9)
4% more capital invested
Capital invested by funds: $180M → $188M (+$7.46M)
0.31% more ownership
Funds ownership: 10.1% → 10.4% (+0.31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Guild Investment Management
Los Angeles,
California
|
+$2.55M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.03M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$753K |
| 4 |
CNB
Camden National Bank
Camden,
Maine
|
+$637K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$632K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.94M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.6M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$892K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$795K |
UTG Hedge Fund Activity: Q4 2019 in Review
130 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2019, worth a combined $188M — up 4.1% from $180M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new UTG positions and 11 closed out — a net gain of 9 holders — while 51 added to existing stakes and 22 trimmed.
The largest buyer was Guild Investment Management, adding an estimated $2.55M. The largest seller was Cohen & Steers, cutting an estimated $1.94M.
- 130 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2019, up from 121 in Q3 2019.
- Funds reported $188M of Reaves Utility Income Fund stock for Q4 2019, up 4.1% quarter-over-quarter.
- 20 funds opened new Reaves Utility Income Fund positions in Q4 2019 and 11 closed out, a net change of +9 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2019 was Guild Investment Management, an estimated $2.55M added.
- The largest Reaves Utility Income Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.94M sold.
Based on aggregated 13F filings for Q4 2019.