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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
GWM
76
Graybill Wealth Management
Illinois
$302K +$4.09K +160 +1%
MC
77
Moors & Cabot
Massachusetts
$295K -$1.28K -50 -0.5%
VF
78
Virtu Financial
New York
$290K +$277K +10,849 New
PM
79
Penbrook Management
New York
$283K – – –
FFN
80
Focus Financial Network
Minnesota
$282K +$1.56K +61 +0.6%
CIS
81
Custom Index Systems
New York
$279K +$267K +10,428 New
SFWC
82
Strategic Family Wealth Counselors
New Jersey
$276K -$94.9K -3,713 -26%
WANY
83
Wealthspire Advisors (New York)
New York
$273K -$9.61K -376 -4%
NRS
84
Neville Rodie & Shaw
New York
$273K – – –
NWA
85
Navis Wealth Advisors
New York
$267K – – –
CFS
86
Commonwealth Financial Services
West Virginia
$262K -$28.9K -1,130 -10%
PGFC
87
Peapack-Gladstone Financial Corp
New Jersey
$261K -$84.4K -3,300 -25%
CIAS
88
Capital Investment Advisory Services
North Carolina
$255K +$244K +9,539 New
PWS
89
Paragon Wealth Strategies
Florida
$249K +$1.15K +45 +0.5%
CFGS
90
Concourse Financial Group Securities
Alabama
$244K -$76.7K -3,000 -25%
BFEC
91
Benjamin F. Edwards & Company
Missouri
$240K +$3.81K +149 +2%
LNC
92
Lincoln National Corp
Pennsylvania
$238K +$227K +8,889 New
HBWM
93
Hollow Brook Wealth Management
New York
$231K – – –
CAPTRUST Financial Advisors
94
CAPTRUST Financial Advisors
North Carolina
$225K – – –
CA
95
CoreCap Advisors
Michigan
$225K +$215K +8,404 New
BRWA
96
B. Riley Wealth Advisors
Florida
$214K +$203K +7,957 New
LWA
97
Lowe Wealth Advisors
Maryland
$214K -$14.1K -550 -6%
BJL
98
Brighton Jones LLC
Washington
$210K +$201K +7,848 New
NPFS
99
Novak & Powell Financial Services
Florida
$202K +$193K +7,546 New
EM
100
ELCO Management
New York
$201K +$192K +7,500 New
2 3
4
5 6

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.