Reaves Utility Income Fund
96 hedge funds and large institutions have $184M invested in Reaves Utility Income Fund in 2018 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 14 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
1% less funds holding
Funds holding: 97 → 96 (-1)
2.45% less ownership
Funds ownership: 14.81% → 12.36% (-2.4%)
12% less capital invested
Capital invested by funds: $208M → $184M (-$24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.06M |
| 3 |
Cohen & Steers
New York
|
+$1.02M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.01M |
| 5 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
+$992K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$12.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.02M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$6.78M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$6.59M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$4.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$3M | -103,913 | Closed |
|
|
CCP
102
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.32M | -45,577 | Closed |
|
|
PPA
103
Parametric Portfolio Associates
Seattle,
Washington
| – | -$512K | -17,718 | Closed |
|
|
LCM
104
Lucas Capital Management
Red Bank,
New Jersey
| – | -$261K | -9,043 | Closed |
|
|
IWP
105
Icon Wealth Partners
Houston,
Texas
| – | -$49K | -1,712 | Closed |
|
|
TAIM
106
TD Ameritrade Investment Management
Omaha,
Nebraska
| – | -$29K | -1,000 | Closed |
|
|
ME
107
McIlrath & Eck
Arlington,
Washington
| – | -$25K | -866 | Closed |
|
|
CA
108
Crewe Advisors
Salt Lake City,
Utah
| – | -$20K | -700 | Closed |
|
109
SEI Investments
Oaks,
Pennsylvania
| – | -$14K | -500 | Closed |
|
|
RFC
110
Regions Financial Corp
Birmingham,
Alabama
| – | -$6K | -200 | Closed |
|
|
MFW
111
Mosaic Family Wealth
St. Louis,
Missouri
| – | +$30 | +1 | New |
|
112
Fidelity Investments
Boston,
Massachusetts
| – | +$91 | +3 | New |
|
UTG Hedge Fund Activity: Q3 2018 in Review
96 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2018, worth a combined $184M — down 12% from $208M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of UTG and 13 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 36 added.
The largest buyer was Private Advisor Group, adding an estimated $1.12M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $12.2M sold.
- 96 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2018, down from 97 in Q2 2018.
- Funds reported $184M of Reaves Utility Income Fund stock for Q3 2018, down 12% quarter-over-quarter.
- 13 funds opened new Reaves Utility Income Fund positions in Q3 2018 and 14 closed out, a net change of -1 holder.
- The largest Reaves Utility Income Fund buyer in Q3 2018 was Private Advisor Group, an estimated $1.12M added.
- The largest Reaves Utility Income Fund seller in Q3 2018 was Sit Investment Associates, an estimated $12.2M sold.
Based on aggregated 13F filings for Q3 2018.