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Reaves Utility Income Fund
UTG

144 hedge funds and large institutions have $167M invested in Reaves Utility Income Fund in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

0.11% more ownership

Funds ownership: 9.18% → 9.3% (+0.11%)

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

3% less funds holding

Funds holding: 148 → 144 (-4)

9% less capital invested

Capital invested by funds: $184M → $167M (-$16.6M)

Holders
144
Holders Change
-4
Holders Change %
-2.7%
% of All Funds
2.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
48
Reduced
39
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TF
Trek Financial
Arizona
+$3.63M
2
HAS
HBW Advisory Services
California
+$1.17M
3
Osaic Holdings
Osaic Holdings
Arizona
+$939K
4
Morgan Stanley
Morgan Stanley
New York
+$935K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$846K

Top Sellers

1
FWM
Focused Wealth Management
New York
-$2.25M
2
Bank of America
Bank of America
North Carolina
-$1.08M
3
Ameriprise
Ameriprise
Minnesota
-$970K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$917K
5
OP
ORG Partners
Indiana
-$857K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wealth Enhancement Advisory Services
51
Wealth Enhancement Advisory Services
Minnesota
$492K +$536K +19,954 New
HCM
52
Highlander Capital Management
New Jersey
$482K +$379K +14,100 +258%
CF
53
Centaurus Financial
California
$475K -$5.77K -215 -1%
WS
54
Wedbush Securities
California
$463K +$41.2K +1,533 +9%
HEIP
55
Hudson Edge Investment Partners
New Jersey
$458K +$67.1K +2,500 +16%
HighTower Advisors
56
HighTower Advisors
Illinois
$451K +$33.6K +1,251 +7%
NAS
57
NWF Advisory Services
California
$448K +$48.3K +1,800 +11%
KeyBank National Association
58
KeyBank National Association
Ohio
$444K -$11.7K -436 -2%
FFWM
59
Future Financial Wealth Management
Ohio
$424K +$80.6K +3,000 +21%
Envestnet Asset Management
60
Envestnet Asset Management
Illinois
$412K -$622K -23,161 -58%
ASN
61
Advisory Services Network
Georgia
$403K +$11.8K +440 +3%
DC
62
Davenport & Co
Virginia
$400K -$183K -6,800 -30%
FWM
63
Focused Wealth Management
New York
$360K -$2.25M -83,853 -85%
SFWC
64
Strategic Family Wealth Counselors
New Jersey
$346K +$63.7K +2,373 +20%
PGFC
65
Peapack-Gladstone Financial Corp
New Jersey
$322K – – –
AIA
66
Armor Investment Advisors
North Carolina
$318K +$15.4K +574 +5%
PIWA
67
Prevail Innovative Wealth Advisors
Kansas
$310K +$338K +12,580 New
CFGS
68
Concourse Financial Group Securities
Alabama
$297K +$323K +12,040 New
Baird Financial Group
69
Baird Financial Group
Wisconsin
$284K -$7.49K -279 -2%
GWM
70
Graybill Wealth Management
Illinois
$275K -$2.98K -111 -1%
MC
71
Moors & Cabot
Massachusetts
$273K -$45K -1,675 -13%
CFS
72
Commonwealth Financial Services
West Virginia
$270K +$294K +10,945 New
WANY
73
Wealthspire Advisors (New York)
New York
$261K -$123K -4,576 -30%
PM
74
Penbrook Management
New York
$261K +$3.36K +125 +1%
FFN
75
Focus Financial Network
Minnesota
$258K -$1.26K -47 -0.4%
1 2
3
4 5

UTG Hedge Fund Activity: Q3 2023 in Review

144 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2023, worth a combined $167M — down 9% from $184M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of UTG and 19 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 48 added.

The largest buyer was Trek Financial, adding an estimated $3.63M. The largest seller was Focused Wealth Management, cutting an estimated $2.25M.

  • 144 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2023, down from 148 in Q2 2023.
  • Funds reported $167M of Reaves Utility Income Fund stock for Q3 2023, down 9% quarter-over-quarter.
  • 19 funds opened new Reaves Utility Income Fund positions in Q3 2023 and 21 closed out, a net change of -2 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2023 was Trek Financial, an estimated $3.63M added.
  • The largest Reaves Utility Income Fund seller in Q3 2023 was Focused Wealth Management, an estimated $2.25M sold.

Based on aggregated 13F filings for Q3 2023.