Reaves Utility Income Fund
97 hedge funds and large institutions have $208M invested in Reaves Utility Income Fund in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 14 closing their positions.
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
2% less funds holding
Funds holding: 99 → 97 (-2)
3.81% less ownership
Funds ownership: 18.61% → 14.81% (-3.8%)
19% less capital invested
Capital invested by funds: $256M → $208M (-$47.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.57M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.08M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$698K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$635K |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$581K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$28.4M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$7.41M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.16M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.09M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
101
Weiss Asset Management
Boston,
Massachusetts
| – | -$1.64M | -57,963 | Closed |
|
|
DA
102
Doliver Advisors
Houston,
Texas
| – | -$1.54M | -54,426 | Closed |
|
|
MIG
103
Mariner Investment Group
Harrison,
New York
| – | -$636K | -22,531 | Closed |
|
104
Millennium Management
New York
| – | -$543K | -19,218 | Closed |
|
|
SWP
105
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$189K | -6,688 | Closed |
|
|
PA
106
Parallel Advisors
San Francisco,
California
| – | -$45K | -1,600 | Closed |
|
|
LWCFA
107
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| – | -$44K | -1,555 | Closed |
|
|
GT
108
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$15K | -502 | Closed |
|
|
PO
109
Private Ocean
San Rafael,
California
| – | -$10K | -381 | Closed |
|
110
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5K | -190 | Closed |
|
|
SFSIG
111
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$3K | -100 | Closed |
|
|
TRCT
112
Tower Research Capital (TRC)
New York
| – | -$2K | -75 | Closed |
|
UTG Hedge Fund Activity: Q2 2018 in Review
97 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2018, worth a combined $208M — down 19% from $256M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of UTG and 13 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 28 added.
The largest buyer was Cohen & Steers, adding an estimated $1.57M. The largest seller was Sit Investment Associates, cutting an estimated $28.4M.
- 97 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2018, down from 99 in Q1 2018.
- Funds reported $208M of Reaves Utility Income Fund stock for Q2 2018, down 19% quarter-over-quarter.
- 13 funds opened new Reaves Utility Income Fund positions in Q2 2018 and 14 closed out, a net change of -1 holder.
- The largest Reaves Utility Income Fund buyer in Q2 2018 was Cohen & Steers, an estimated $1.57M added.
- The largest Reaves Utility Income Fund seller in Q2 2018 was Sit Investment Associates, an estimated $28.4M sold.
Based on aggregated 13F filings for Q2 2018.