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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $444M invested in Reaves Utility Income Fund in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 98 increasing their positions, 50 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 50

11% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 28

0% more funds holding

Funds holding: 238 → 238 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.1% less ownership

Funds ownership: 14.24% → 14.14% (-0.1%)

11% less capital invested

Capital invested by funds: $497M → $444M (-$52.3M)

Holders
238
Holders Change
–
Holders Change %
0%
% of All Funds
2.89%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
98
Reduced
50
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WANY
Wealthspire Advisors (New York)
New York
+$5.49M
2
LPL Financial
LPL Financial
California
+$3.55M
3
HAS
HBW Advisory Services
California
+$2.75M
4
Morgan Stanley
Morgan Stanley
New York
+$2.57M
5
Corient Private Wealth
Corient Private Wealth
Florida
+$1.65M

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$18M
2
AIA
Absolute Investment Advisers
Florida
-$5.14M
3
CPRC
Consolidated Portfolio Review Corp
New York
-$2.61M
4
QL
Quarry LP
New York
-$1.9M
5
NFSG
Newbridge Financial Services Group
Florida
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
WW
51
Wright Wealth
Georgia
$1.56M +$1.62M +42,565 New
AWMI
52
Aegis Wealth Management (Iowa)
Iowa
$1.55M +$1.61M +42,266 New
IA
53
Integrity Alliance
Iowa
$1.41M +$98.9K +2,600 +7%
WS
54
Wedbush Securities
California
$1.37M +$82.6K +2,173 +6%
SPC
55
Sigma Planning Corp
Michigan
$1.35M +$190K +4,988 +16%
SPIA
56
Steward Partners Investment Advisory
New York
$1.26M +$113K +2,973 +9%
BCMIO
57
Beacon Capital Management Inc (Ohio)
Ohio
$1.26M – – –
CW
58
CreativeOne Wealth
Kansas
$1.25M -$268K -7,043 -17%
OWP
59
ORG Wealth Partners
Texas
$1.24M +$1.27M +33,414 +5,569%
JFG
60
Jefferies Financial Group
New York
$1.15M +$249K +6,545 +26%
MML Investors Services
61
MML Investors Services
Massachusetts
$1.13M +$214K +5,618 +22%
SI
62
Stephens Inc
Arkansas
$1.1M +$87.3K +2,295 +8%
EFA
63
Edge Financial Advisors
Illinois
$1.09M +$170K +4,483 +18%
CLA
64
Carnegie Lake Advisors
New Jersey
$1.05M +$1.86K +49 +0.2%
XF
65
XML Financial
Maryland
$1M -$761K -20,025 -42%
FFWM
66
Future Financial Wealth Management
Ohio
$935K -$17.2K -453 -2%
PFO
67
PMG Family Office
Texas
$932K +$4.75K +125 +0.5%
MIM
68
Merrion Investment Management
New Jersey
$915K – – –
Creative Planning
69
Creative Planning
Kansas
$905K +$59.5K +1,564 +7%
KA
70
Kovack Advisors
Florida
$902K +$938K +24,665 New
Carson Wealth (CWM LLC)
71
Carson Wealth (CWM LLC)
Nebraska
$870K +$33K +868 +4%
WIA
72
Westbourne Investment Advisors
Maryland
$867K +$19K +500 +2%
Comerica Bank
73
Comerica Bank
Texas
$853K +$114 +3 +0%
Cohen & Steers
74
Cohen & Steers
New York
$841K – – –
ACGA
75
Atlanta Consulting Group Advisors
Georgia
$766K +$2.02K +53 +0.3%
1 2
3
4 5

UTG Hedge Fund Activity: Q4 2025 in Review

238 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2025, worth a combined $444M — down 11% from $497M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 28 closed out — a net gain of 3 holders — while 98 added to existing stakes and 50 trimmed.

The largest buyer was Wealthspire Advisors (New York), opening a new position worth an estimated $5.49M. The largest seller was Cornerstone Advisors, cutting an estimated $18M.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $444M of Reaves Utility Income Fund stock for Q4 2025, down 11% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2025 and 28 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2025 was Wealthspire Advisors (New York), an estimated $5.49M added.
  • The largest Reaves Utility Income Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $18M sold.

Based on aggregated 13F filings for Q4 2025.