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Reaves Utility Income Fund
UTG

99 hedge funds and large institutions have $256M invested in Reaves Utility Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less funds holding

Funds holding: 107 → 99 (-8)

9.44% less ownership

Funds ownership: 28.05% → 18.61% (-9.4%)

13% less capital invested

Capital invested by funds: $293M → $256M (-$37.5M)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
99
Holders Change
-8
Holders Change %
-7.48%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
31
Reduced
28
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAIM
Punch & Associates Investment Management
Minnesota
+$5.1M
2
RCM
Rivernorth Capital Management
Florida
+$4.99M
3
COLIM
City of London Investment Management
United Kingdom
+$4.75M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.63M
5
Morgan Stanley
Morgan Stanley
New York
+$2.72M

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$22M
2
BCM
Bluefin Capital Management
New York
-$10.1M
3
GWM
Graybill Wealth Management
Illinois
-$2.63M
4
Walleye Trading
Walleye Trading
New York
-$2.56M
5
AGM
Alpine Global Management
New York
-$2.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
101
Bluefin Capital Management
New York
– -$10.1M -327,965 Closed
AGM
102
Alpine Global Management
New York
– -$2.53M -81,703 Closed
LCM
103
Laurion Capital Management
New York
– -$2.46M -79,602 Closed
CRC
104
Curi RMB Capital
Illinois
– -$533K -17,217 Closed
BSW
105
Buckingham Strategic Wealth
Missouri
– -$409K -13,210 Closed
BFM
106
Boothbay Fund Management
New York
– -$352K -11,380 Closed
CA
107
Cornerstone Advisors
North Carolina
– -$294K -9,500 Closed
HCM
108
Hodges Capital Management
Texas
– -$216K -6,994 Closed
CWS
109
Cypress Wealth Services
California
– -$213K -6,880 Closed
TDC
110
Thompson Davis & Co
Virginia
– -$189K -6,093 Closed
EWM
111
Evercore Wealth Management
New York
– -$62K -2,000 Closed
GBT
112
Grove Bank & Trust
Florida
– -$62K -2,000 Closed
CBT
113
Capital Bank & Trust
California
– -$53K -1,724 Closed
IWP
114
Icon Wealth Partners
Texas
– -$53K -1,712 Closed
MMG
115
Monetary Management Group
Missouri
– -$51K -1,650 Closed
MPWT
116
MassMutual Private Wealth & Trust
Connecticut
– -$39K -1,259 Closed
CA
117
Calton & Associates
Florida
– -$18K -600 Closed
ASN
118
Advisory Services Network
Georgia
– -$5K -150 Closed
SFPIA
119
Stevens First Principles Investment Advisors
California
– -$1K -20 Closed
1 2 3 4
5

UTG Hedge Fund Activity: Q1 2018 in Review

99 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2018, worth a combined $256M — down 13% from $293M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of UTG and 11 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 31 added.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $5.1M. The largest seller was Sit Investment Associates, cutting an estimated $22M.

  • 99 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2018, down from 107 in Q4 2017.
  • Funds reported $256M of Reaves Utility Income Fund stock for Q1 2018, down 13% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q1 2018 and 19 closed out, a net change of -8 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $5.1M added.
  • The largest Reaves Utility Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $22M sold.

Based on aggregated 13F filings for Q1 2018.