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Reaves Utility Income Fund
UTG

158 hedge funds and large institutions have $220M invested in Reaves Utility Income Fund in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 52 increasing their positions, 40 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 16

32% more capital invested

Capital invested by funds: $167M → $220M (+$52.9M)

30% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 40

10% more funds holding

Funds holding: 144 → 158 (+14)

2.05% more ownership

Funds ownership: 9.3% → 11.34% (+2%)

Holders
158
Holders Change
+14
Holders Change %
+9.72%
% of All Funds
2.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
31
Increased
52
Reduced
40
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$19M
2
JWCA
J.W. Cole Advisors
Florida
+$5.66M
3
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
+$3.15M
4
Lido Advisors
Lido Advisors
California
+$2.77M
5
LPL Financial
LPL Financial
California
+$1.43M

Top Sellers

1
TF
Trek Financial
Arizona
-$3.76M
2
NFG
Nations Financial Group
Iowa
-$1.75M
3
Osaic Holdings
Osaic Holdings
Arizona
-$737K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$556K
5
HEIP
Hudson Edge Investment Partners
New Jersey
-$458K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSWM
126
McGlone Suttner Wealth Management
Wisconsin
$30.7K +$29.3K +1,147 New
RAM
127
Ramirez Asset Management
New York
$30.3K – – –
LCM
128
Logan Capital Management
Pennsylvania
$26.7K – – –
PTC
129
Private Trust Company
Ohio
$26.7K – – –
WB
130
Webster Bank
Connecticut
$26.6K – – –
AA
131
AlphaMark Advisors
Kentucky
$26K +$179 +7 +0.7%
MIM
132
Macroview Investment Management
Maryland
$25.5K +$4.78K +187 +24%
SWA
133
SOA Wealth Advisors
New York
$25.2K -$4.91K -192 -17%
US Bancorp
134
US Bancorp
Minnesota
$24.5K -$81.8K -3,200 -78%
PB
135
Pinnacle Bancorp
Nebraska
$21.5K – – –
WBC
136
West Branch Capital
Massachusetts
$20.4K +$307 +12 +2%
FHA
137
First Horizon Advisors
Tennessee
$20.1K – – –
TC
138
Truvestments Capital
Florida
$18.7K +$17.9K +700 New
AWM
139
Avior Wealth Management
Nebraska
$15.5K – – –
UB
140
UMB Bank
Missouri
$15.3K – – –
KFI
141
Key Financial Inc
Pennsylvania
$14.8K – – –
SL
142
Salomon & Ludwin
Virginia
$14.3K – – –
GRP
143
Global Retirement Partners
California
$13.3K +$12.8K +500 New
PFBT
144
Parkside Financial Bank & Trust
Missouri
$13K – – –
RG
145
Retirement Group
California
$12.3K – – –
AF
146
Allworth Financial
California
$10.7K -$1.07K -42 -10%
VCM
147
Versant Capital Management
Arizona
$10.2K +$51 +2 +0.5%
FDCDDQ
148
Federation des caisses Desjardins du Quebec
Quebec, Canada
$9.57K – – –
FPB
149
First PREMIER Bank
South Dakota
$8K – – –
DAM
150
Delta Asset Management
Tennessee
$7.78K – – –
3 4 5
6
7

UTG Hedge Fund Activity: Q4 2023 in Review

158 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2023, worth a combined $220M — up 32% from $167M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 16 closed out — a net gain of 15 holders — while 52 added to existing stakes and 40 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $19M. The largest seller was Trek Financial, exiting entirely with an estimated $3.76M sold.

  • 158 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2023, up from 144 in Q3 2023.
  • Funds reported $220M of Reaves Utility Income Fund stock for Q4 2023, up 32% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2023 and 16 closed out, a net change of +15 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $19M added.
  • The largest Reaves Utility Income Fund seller in Q4 2023 was Trek Financial, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2023.