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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $497M invested in Reaves Utility Income Fund in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

70% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 57

13% more capital invested

Capital invested by funds: $438M → $497M (+$58.8M)

9% more funds holding

Funds holding: 219 → 238 (+19)

0.49% more ownership

Funds ownership: 13.75% → 14.24% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
3.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
97
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AIA
Absolute Investment Advisers
Florida
+$4.89M
2
LPL Financial
LPL Financial
California
+$2.63M
3
Bank of America
Bank of America
North Carolina
+$1.98M
4
QL
Quarry LP
New York
+$1.81M
5
GAM
Griffin Asset Management
New York
+$1.5M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$3.53M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$2.54M
3
OFA
Oak Family Advisors
Illinois
-$1.06M
4
GC
Guggenheim Capital
Illinois
-$648K
5
TWM
Tradition Wealth Management
Minnesota
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
NAS
51
NWF Advisory Services
California
$1.57M +$488K +12,926 +48%
SFWC
52
Strategic Family Wealth Counselors
New Jersey
$1.5M +$366K +9,691 +35%
HAS
53
HBW Advisory Services
California
$1.45M +$170K +4,504 +14%
IA
54
Integrity Alliance
Iowa
$1.42M +$87.2K +2,310 +7%
WS
55
Wedbush Securities
California
$1.4M -$29.7K -788 -2%
BCMIO
56
Beacon Capital Management Inc (Ohio)
Ohio
$1.37M – – –
SPC
57
Sigma Planning Corp
Michigan
$1.27M +$116K +3,070 +11%
SPIA
58
Steward Partners Investment Advisory
New York
$1.25M -$52.9K -1,403 -4%
AC
59
AlphaCore Capital
California
$1.19M -$30.8K -816 -3%
NFSG
60
Newbridge Financial Services Group
Florida
$1.16M +$265K +7,013 +31%
CLA
61
Carnegie Lake Advisors
New Jersey
$1.14M +$4.3K +114 +0.4%
SI
62
Stephens Inc
Arkansas
$1.1M +$35.8K +949 +4%
FFWM
63
Future Financial Wealth Management
Ohio
$1.01M -$21.7K -575 -2%
PFO
64
PMG Family Office
Texas
$1M +$956K +25,342 New
MML Investors Services
65
MML Investors Services
Massachusetts
$1,000K +$286K +7,578 +43%
EFA
66
Edge Financial Advisors
Illinois
$999K +$642K +17,002 +207%
MIM
67
Merrion Investment Management
New Jersey
$991K – – –
JFG
68
Jefferies Financial Group
New York
$987K +$599K +15,888 +176%
Comerica Bank
69
Comerica Bank
Texas
$924K +$157K +4,161 +22%
WIA
70
Westbourne Investment Advisors
Maryland
$919K +$11.3K +300 +1%
Creative Planning
71
Creative Planning
Kansas
$918K +$2.15K +57 +0.2%
Cohen & Steers
72
Cohen & Steers
New York
$911K +$113K +3,000 +15%
Carson Wealth (CWM LLC)
73
Carson Wealth (CWM LLC)
Nebraska
$908K +$5.74K +152 +0.7%
WG
74
Welch Group
Alabama
$841K -$48K -1,271 -6%
ACGA
75
Atlanta Consulting Group Advisors
Georgia
$824K -$141K -3,749 -15%
1 2
3
4 5

UTG Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 13% from $438M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 10 closed out — a net gain of 23 holders — while 97 added to existing stakes and 57 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $3.53M sold.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2025, up from 219 in Q2 2025.
  • Funds reported $497M of Reaves Utility Income Fund stock for Q3 2025, up 13% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q3 2025 and 10 closed out, a net change of +23 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2025 was Absolute Investment Advisers, an estimated $4.89M added.
  • The largest Reaves Utility Income Fund seller in Q3 2025 was Wealthspire Advisors (New York), an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2025.