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Reaves Utility Income Fund
UTG

158 hedge funds and large institutions have $220M invested in Reaves Utility Income Fund in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 52 increasing their positions, 40 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 16

32% more capital invested

Capital invested by funds: $167M → $220M (+$52.9M)

30% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 40

10% more funds holding

Funds holding: 144 → 158 (+14)

2.05% more ownership

Funds ownership: 9.3% → 11.34% (+2%)

Holders
158
Holders Change
+14
Holders Change %
+9.72%
% of All Funds
2.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
31
Increased
52
Reduced
40
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$19M
2
JWCA
J.W. Cole Advisors
Florida
+$5.66M
3
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
+$3.15M
4
Lido Advisors
Lido Advisors
California
+$2.77M
5
LPL Financial
LPL Financial
California
+$1.43M

Top Sellers

1
TF
Trek Financial
Arizona
-$3.76M
2
NFG
Nations Financial Group
Iowa
-$1.75M
3
Osaic Holdings
Osaic Holdings
Arizona
-$737K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$556K
5
HEIP
Hudson Edge Investment Partners
New Jersey
-$458K
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
51
Centaurus Financial
California
$563K +$46.1K +1,804 +9%
BRA
52
Biechele Royce Advisors
Indiana
$555K -$70.3K -2,750 -12%
VFA
53
Valeo Financial Advisors
Indiana
$549K -$5.19K -203 -1%
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$544K +$7.03K +275 +1%
CAC
55
Certified Advisory Corp
Florida
$542K -$48.1K -1,881 -8%
WG
56
Welch Group
Alabama
$535K – – –
MIM
57
Merrion Investment Management
New Jersey
$535K – – –
SVWAG
58
Sound View Wealth Advisors Group
Georgia
$498K -$110K -4,298 -19%
FFWM
59
Future Financial Wealth Management
Ohio
$492K +$30.7K +1,200 +7%
KeyBank National Association
60
KeyBank National Association
Ohio
$481K – – –
NAS
61
NWF Advisory Services
California
$460K -$25.6K -1,000 -5%
Envestnet Asset Management
62
Envestnet Asset Management
Illinois
$456K +$9.05K +354 +2%
Wealth Enhancement Advisory Services
63
Wealth Enhancement Advisory Services
Minnesota
$443K -$86.6K -3,387 -17%
SIC
64
Samalin Investment Counsel
New York
$434K +$163K +6,394 +65%
ASN
65
Advisory Services Network
Georgia
$430K -$6.39K -250 -2%
SWP
66
Stratos Wealth Partners
Ohio
$426K +$408K +15,949 New
DC
67
Davenport & Co
Virginia
$379K -$52.4K -2,050 -13%
AIA
68
Armor Investment Advisors
North Carolina
$374K +$27.5K +1,075 +8%
Baird Financial Group
69
Baird Financial Group
Wisconsin
$353K +$43.2K +1,691 +15%
ASFA
70
All Season Financial Advisors
Colorado
$346K +$331K +12,933 New
Susquehanna International Group
71
Susquehanna International Group
Pennsylvania
$338K +$323K +12,628 New
SPC
72
Sigma Planning Corp
Michigan
$322K -$327K -12,808 -52%
NFG
73
Nations Financial Group
Iowa
$313K -$1.75M -68,444 -85%
IFG
74
Independent Financial Group
California
$312K +$78.3K +3,062 +36%
FHA
75
Flagship Harbor Advisors
Massachusetts
$303K +$22.4K +875 +8%
1 2
3
4 5

UTG Hedge Fund Activity: Q4 2023 in Review

158 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2023, worth a combined $220M — up 32% from $167M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 16 closed out — a net gain of 15 holders — while 52 added to existing stakes and 40 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $19M. The largest seller was Trek Financial, exiting entirely with an estimated $3.76M sold.

  • 158 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2023, up from 144 in Q3 2023.
  • Funds reported $220M of Reaves Utility Income Fund stock for Q4 2023, up 32% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2023 and 16 closed out, a net change of +15 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $19M added.
  • The largest Reaves Utility Income Fund seller in Q4 2023 was Trek Financial, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2023.