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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $497M invested in Reaves Utility Income Fund in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

70% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 57

13% more capital invested

Capital invested by funds: $438M → $497M (+$58.8M)

9% more funds holding

Funds holding: 219 → 238 (+19)

0.49% more ownership

Funds ownership: 13.75% → 14.24% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
3.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
97
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AIA
Absolute Investment Advisers
Florida
+$4.89M
2
LPL Financial
LPL Financial
California
+$2.63M
3
Bank of America
Bank of America
North Carolina
+$1.98M
4
QL
Quarry LP
New York
+$1.81M
5
GAM
Griffin Asset Management
New York
+$1.5M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$3.53M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$2.54M
3
OFA
Oak Family Advisors
Illinois
-$1.06M
4
GC
Guggenheim Capital
Illinois
-$648K
5
TWM
Tradition Wealth Management
Minnesota
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
SVWAG
101
Sound View Wealth Advisors Group
Georgia
$559K -$23.5K -622 -4%
MOS
102
MGO One Seven
Ohio
$544K – – –
HSA
103
HBK Sorce Advisory
Pennsylvania
$541K – – –
PSCM
104
Per Stirling Capital Management
Texas
$533K +$7.85K +208 +2%
VWA
105
Visionary Wealth Advisors
Illinois
$524K +$60.2K +1,596 +14%
US Bancorp
106
US Bancorp
Minnesota
$520K -$6.38K -169 -1%
FFN
107
Focus Financial Network
Minnesota
$510K +$74.8K +1,983 +18%
KeyBank National Association
108
KeyBank National Association
Ohio
$503K – – –
NRS
109
Neville Rodie & Shaw
New York
$503K – – –
SG
110
StoneX Group
New York
$495K +$1.28K +34 +0.3%
Jane Street
111
Jane Street
New York
$491K -$62.3K -1,650 -12%
EH
112
Equitable Holdings
New York
$489K +$23.8K +630 +5%
Walleye Capital
113
Walleye Capital
New York
$463K -$332K -8,798 -43%
Corient Private Wealth
114
Corient Private Wealth
Florida
$463K -$43.1K -1,143 -9%
MWM
115
Modern Wealth Management
Kansas
$458K +$436K +11,561 New
GWM
116
Graybill Wealth Management
Illinois
$458K -$19.8K -525 -4%
MCM
117
MAI Capital Management
Ohio
$456K +$237K +6,277 +120%
Envestnet Asset Management
118
Envestnet Asset Management
Illinois
$451K -$154K -4,091 -26%
FHA
119
Flagship Harbor Advisors
Massachusetts
$440K +$9.05K +240 +2%
CFS
120
Commonwealth Financial Services
West Virginia
$427K +$187K +4,954 +85%
IWC
121
Integrated Wealth Concepts
Massachusetts
$418K -$58.4K -1,549 -13%
CIA
122
Concurrent Investment Advisors
Florida
$405K +$386K +10,221 New
CAM
123
Costello Asset Management
Pennsylvania
$404K -$18.6K -492 -5%
AHL
124
Abel Hall LLC
Louisiana
$396K – – –
FSA
125
Financial Security Advisor
Virginia
$396K – – –
3 4
5
6 7

UTG Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 13% from $438M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 10 closed out — a net gain of 23 holders — while 97 added to existing stakes and 57 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $3.53M sold.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2025, up from 219 in Q2 2025.
  • Funds reported $497M of Reaves Utility Income Fund stock for Q3 2025, up 13% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q3 2025 and 10 closed out, a net change of +23 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2025 was Absolute Investment Advisers, an estimated $4.89M added.
  • The largest Reaves Utility Income Fund seller in Q3 2025 was Wealthspire Advisors (New York), an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2025.