Reaves Utility Income Fund
118 hedge funds and large institutions have $153M invested in Reaves Utility Income Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 23 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 29
0.46% more ownership
Funds ownership: 10.4% → 10.87% (+0.46%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 130 → 118 (-12)
19% less capital invested
Capital invested by funds: $188M → $153M (-$34.9M)
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$4.92M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$2.11M |
| 3 |
Cohen & Steers
New York
|
+$1.68M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.26M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.08M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.78M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.21M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.18M |
| 5 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$1.09M |
UTG Hedge Fund Activity: Q1 2020 in Review
118 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2020, worth a combined $153M — down 19% from $188M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of UTG and 13 opened new positions — a net loss of 10 holders — while 29 trimmed existing stakes and 43 added.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $4.92M. The largest seller was Ameriprise, cutting an estimated $2.08M.
- 118 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2020, down from 130 in Q4 2019.
- Funds reported $153M of Reaves Utility Income Fund stock for Q1 2020, down 19% quarter-over-quarter.
- 13 funds opened new Reaves Utility Income Fund positions in Q1 2020 and 23 closed out, a net change of -10 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2020 was Punch & Associates Investment Management, an estimated $4.92M added.
- The largest Reaves Utility Income Fund seller in Q1 2020 was Ameriprise, an estimated $2.08M sold.
Based on aggregated 13F filings for Q1 2020.