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Reaves Utility Income Fund
UTG

144 hedge funds and large institutions have $167M invested in Reaves Utility Income Fund in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

0.11% more ownership

Funds ownership: 9.18% → 9.3% (+0.11%)

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

3% less funds holding

Funds holding: 148 → 144 (-4)

9% less capital invested

Capital invested by funds: $184M → $167M (-$16.6M)

Holders
144
Holders Change
-4
Holders Change %
-2.7%
% of All Funds
2.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
48
Reduced
39
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TF
Trek Financial
Arizona
+$3.63M
2
HAS
HBW Advisory Services
California
+$1.17M
3
Osaic Holdings
Osaic Holdings
Arizona
+$939K
4
Morgan Stanley
Morgan Stanley
New York
+$935K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$846K

Top Sellers

1
FWM
Focused Wealth Management
New York
-$2.25M
2
Bank of America
Bank of America
North Carolina
-$1.08M
3
Ameriprise
Ameriprise
Minnesota
-$970K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$917K
5
OP
ORG Partners
Indiana
-$857K
Name Holding Trade Value Shares
Change 		Change in
Stake
KFI
126
Key Financial Inc
Pennsylvania
$13.7K – – –
WSCM
127
Wellington Shields Capital Management
New York
$12K +$269 +10 +2%
PFBT
128
Parkside Financial Bank & Trust
Missouri
$12K – – –
RG
129
Retirement Group
California
$11.3K – – –
AF
130
Allworth Financial
California
$10.9K – – –
VCM
131
Versant Capital Management
Arizona
$9.38K – – –
HCM
132
Hollencrest Capital Management
California
$9.36K +$10.2K +380 New
FDCDDQ
133
Federation des caisses Desjardins du Quebec
Quebec, Canada
$8.82K +$9.62K +358 New
DAM
134
Delta Asset Management
Tennessee
$7.17K – – –
FPB
135
First PREMIER Bank
South Dakota
$7K – – –
BCMLT
136
Beacon Capital Management LLC (Tennessee)
Tennessee
$5.64K – – –
M
137
MOTCO
Texas
$4.93K – – –
SSB
138
Sandy Spring Bank
Maryland
$4.93K – – –
DFA
139
DHJJ Financial Advisors
Illinois
$2.42K +$2.63K +98 New
FFA
140
Farther Finance Advisors
California
$1.97K – – –
NA
141
NewEdge Advisors
Louisiana
$1.9K -$204K -7,603 -99%
TRCT
142
Tower Research Capital (TRC)
New York
$1.21K – – –
ANBT
143
American National Bank & Trust
Texas
$740 +$806 +30 New
HNB
144
Huntington National Bank
Ohio
$25 – – –
Fidelity Investments
145
Fidelity Investments
Massachusetts
$25 +$27 +1 New
1832 Asset Management
146
1832 Asset Management
Ontario, Canada
– -$800K -29,172 Closed
MA
147
Mutual Advisors
Nebraska
– -$536K -19,534 Closed
SCA
148
Snowden Capital Advisors
New York
– -$519K -18,922 Closed
JIC
149
Johnson Investment Counsel
Ohio
– -$418K -15,262 Closed
VF
150
Virtu Financial
New York
– -$399K -14,561 Closed
3 4 5
6
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UTG Hedge Fund Activity: Q3 2023 in Review

144 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2023, worth a combined $167M — down 9% from $184M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of UTG and 19 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 48 added.

The largest buyer was Trek Financial, adding an estimated $3.63M. The largest seller was Focused Wealth Management, cutting an estimated $2.25M.

  • 144 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2023, down from 148 in Q2 2023.
  • Funds reported $167M of Reaves Utility Income Fund stock for Q3 2023, down 9% quarter-over-quarter.
  • 19 funds opened new Reaves Utility Income Fund positions in Q3 2023 and 21 closed out, a net change of -2 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2023 was Trek Financial, an estimated $3.63M added.
  • The largest Reaves Utility Income Fund seller in Q3 2023 was Focused Wealth Management, an estimated $2.25M sold.

Based on aggregated 13F filings for Q3 2023.