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Reaves Utility Income Fund
UTG

197 hedge funds and large institutions have $313M invested in Reaves Utility Income Fund in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 68 increasing their positions, 38 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 7

79% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 38

34% more capital invested

Capital invested by funds: $232M → $313M (+$80.1M)

17% more funds holding

Funds holding: 168 → 197 (+29)

1.28% more ownership

Funds ownership: 10.77% → 12.05% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
197
Holders Change
+29
Holders Change %
+17.26%
% of All Funds
2.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
37
Increased
68
Reduced
38
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$5.56M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$4.66M
3
OFA
Oak Family Advisors
Illinois
+$3.33M
4
Bank of America
Bank of America
North Carolina
+$2.33M
5
Morgan Stanley
Morgan Stanley
New York
+$2.25M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$5.23M
2
HAS
HBW Advisory Services
California
-$4.25M
3
NA
NewEdge Advisors
Louisiana
-$564K
4
VFA
Valeo Financial Advisors
Indiana
-$558K
5
PAG
Private Advisor Group
New Jersey
-$514K
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
76
MML Investors Services
Massachusetts
$524K +$197K +6,698 +72%
LCM
77
Landscape Capital Management
New Jersey
$519K +$466K +15,818 New
NFG
78
Nations Financial Group
Iowa
$514K +$19.9K +675 +5%
SVWAG
79
Sound View Wealth Advisors Group
Georgia
$502K -$34.3K -1,164 -7%
BAM
80
Belpointe Asset Management
Nevada
$497K -$73.3K -2,491 -14%
ASN
81
Advisory Services Network
Georgia
$485K – – –
WAM
82
Wolverine Asset Management
Illinois
$463K +$415K +14,105 New
PI
83
PFG Investments
New York
$444K +$2.33K +79 +0.6%
HighTower Advisors
84
HighTower Advisors
Illinois
$440K +$35.9K +1,220 +10%
KeyBank National Association
85
KeyBank National Association
Ohio
$417K -$103K -3,500 -22%
SC
86
Savant Capital
Illinois
$403K +$362K +12,284 New
Comerica Bank
87
Comerica Bank
Texas
$400K +$272K +9,250 +314%
DC
88
Davenport & Co
Virginia
$398K +$23.6K +800 +7%
US Bancorp
89
US Bancorp
Minnesota
$384K +$23.6K +800 +7%
GWM
90
Graybill Wealth Management
Illinois
$374K – – –
PCS
91
Personal CFO Solutions
New Jersey
$372K – – –
Baird Financial Group
92
Baird Financial Group
Wisconsin
$365K -$58.2K -1,976 -15%
PFS
93
Prospera Financial Services
Texas
$358K +$25.6K +870 +9%
FHA
94
Flagship Harbor Advisors
Massachusetts
$357K – – –
WLPWM
95
Walled Lake Planning & Wealth Management
Illinois
$357K +$97.1K +3,300 +44%
EAM
96
Everstar Asset Management
North Carolina
$356K +$319K +10,850 New
OIM
97
Orca Investment Management
Oregon
$348K – – –
MC
98
Moors & Cabot
Massachusetts
$344K – – –
BWP
99
Balboa Wealth Partners
Arizona
$343K +$308K +10,456 New
FFN
100
Focus Financial Network
Minnesota
$337K +$500 +17 +0.2%
2 3
4
5 6

UTG Hedge Fund Activity: Q3 2024 in Review

197 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2024, worth a combined $313M — up 34% from $232M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new UTG positions and 7 closed out — a net gain of 30 holders — while 68 added to existing stakes and 38 trimmed.

The largest buyer was Ameriprise, adding an estimated $5.56M. The largest seller was Raymond James & Associates, cutting an estimated $5.23M.

  • 197 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2024, up from 168 in Q2 2024.
  • Funds reported $313M of Reaves Utility Income Fund stock for Q3 2024, up 34% quarter-over-quarter.
  • 37 funds opened new Reaves Utility Income Fund positions in Q3 2024 and 7 closed out, a net change of +30 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2024 was Ameriprise, an estimated $5.56M added.
  • The largest Reaves Utility Income Fund seller in Q3 2024 was Raymond James & Associates, an estimated $5.23M sold.

Based on aggregated 13F filings for Q3 2024.