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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
OIM
126
Orca Investment Management
Oregon
$387K – – –
LGW
127
Leslie Global Wealth
Illinois
$383K – – –
BCA
128
Bay Colony Advisors
Massachusetts
$368K +$18.6K +494 +6%
WAP
129
Wealthcare Advisory Partners
Pennsylvania
$365K +$19.7K +522 +6%
OC
130
Oakworth Capital
Alabama
$357K – – –
Focus Partners Wealth
131
Focus Partners Wealth
Massachusetts
$355K +$23.8K +630 +8%
BDL
132
Bey-Douglas LLC
Georgia
$340K +$324K +8,581 New
BEI
133
Benjamin Edwards Inc
Missouri
$336K -$5.77K -153 -2%
TCM
134
Triumph Capital Management
Colorado
$333K +$15.7K +417 +5%
SWP
135
Semus Wealth Partners
Florida
$326K -$172K -4,570 -36%
SAG
136
SageView Advisory Group
California
$324K +$309K +8,185 New
PGFC
137
Peapack-Gladstone Financial Corp
New Jersey
$323K – – –
NPFS
138
Novak & Powell Financial Services
Florida
$319K +$3.73K +99 +1%
AWM
139
Apollon Wealth Management
South Carolina
$318K +$303K +8,023 New
AG
140
AmeriFlex Group
Nevada
$307K +$108K +2,872 +59%
Cerity Partners
141
Cerity Partners
New York
$304K +$290K +7,681 New
BWP
142
Balboa Wealth Partners
Arizona
$303K -$42.4K -1,125 -13%
HBWM
143
Hollow Brook Wealth Management
New York
$301K – – –
EM
144
ELCO Management
New York
$295K -$3.77K -100 -1%
NL
145
NWAM LLC
Washington
$292K – – –
SIG
146
Stonegate Investment Group
Alabama
$284K +$302 +8 +0.1%
OP
147
ORG Partners
Indiana
$281K -$18.5K -490 -6%
IRC
148
Investors Research Corp
Georgia
$280K – – –
WWM
149
Western Wealth Management
Colorado
$272K -$9.13K -242 -3%
PS
150
Principal Securities
Iowa
$270K +$2.19K +58 +0.9%
4 5
6
7 8

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.